Price: $0.45886 16.9204%
Market Cap: 67.41B 2.0119%
Volume (24h): 19.55B 0.5%
Dominance: 2.0119%
Price: $0.45886 16.9204%
Market Cap: 67.41B 2.0119%
Volume (24h): 19.55B 0.5%
Dominance: 2.0119% 2.0119%
  • Price: $0.45886 16.9204%
  • Market Cap: 67.41B 2.0119%
  • Volume (24h): 19.55B 0.5%
  • Dominance: 2.0119% 2.0119%
  • Price: $0.45886 16.9204%
Home > Information news > Election Aftermath Prediction: Massive Buying Spree for SUI & PEPE? Here’s the Safest Bet Right Now

Election Aftermath Prediction: Massive Buying Spree for SUI & PEPE? Here’s the Safest Bet Right Now

Release: 2024/11/07 17:38 Reading: 804

Original author:TheCoinrise

Original source:https://coinmarketcap.com/community/en/articles/672c7a699b2e3332f7f4f80e

Election Aftermath Prediction: Massive Buying Spree for SUI & PEPE? Here’s the Safest Bet Right Now

Election Aftermath: Surge in Buying Interest for SUI and PEPE

Post-election, the crypto market has witnessed a surge in buying activity, particularly for SUI blockchain token and Pepecoin (PEPE). As volatility heightens, traders are seeking optimal entry points, anticipating significant price fluctuations.

SUI Blockchain Token

Following a peak in mid-October, SUI's price retraced below $2 in early November. However, post-election, prices soared by 18.6%, driven by a consistent trading volume exceeding $100 million. SUI's TVL peaked at $1.06 billion, with its protocols experiencing double-digit growth.

With developments enabling real-time data access and enhanced analytics, SUI's adoption is anticipated to grow. CoinCodex predicts a bullish outlook, projecting a further 240% rally in the coming month.

Pepecoin (PEPE)

Pepecoin (PEPE) also witnessed a notable increase of 11.94%. Hodler balances surged by 187% to $1.68 billion, while active PEPE addresses increased by 5.9%. Trading above its key moving averages, PEPE is poised for a predicted 230% rally.

Its weak correlation with Bitcoin (-0.15) has allowed it to outperform, with 70% of current holders realizing profits. Robinhood's recent PEPE rewards incentivization has further boosted retail investor accessibility.

DTX Exchange

The post-election market surge has also benefited DTX Exchange (DTX). Its Phoenix wallet application has surpassed 45,000 downloads in a short period. Analysts applaud DTX's ability to streamline asset trades without commission fees.

As a comprehensive trading platform, DTX offers a wide range of asset classes, including crypto, equities, FX, CFDs, and more. It empowers traders with advanced tools and accessible liquidity, making the volatile market accessible to beginners. Notably, DTX's non-custodial model grants users control over their private keys and assets.

DTX's presale has already exceeded $6.7 million, reflecting the keen interest in the platform. Priced at $0.08 in its fourth stage, DTX is projected to increase by 25% in stage five and 250% by November's end. Investors are advised to secure their stakes as the public sale approaches its conclusion.

Selected Topics

  • Dogecoin whale activity
    Dogecoin whale activity
    Get the latest insights into Dogecoin whale activities with our comprehensive analysis. Discover trends, patterns, and the impact of these whales on the Dogecoin market. Stay informed with our expert analysis and stay ahead in your cryptocurrency journey.
  • Dogecoin Mining
    Dogecoin Mining
    Dogecoin mining is the process of adding new blocks of transactions to the Dogecoin blockchain. Miners are rewarded with new Dogecoin for their work. This topic provides articles related to Dogecoin mining, including how to mine Dogecoin, the best mining hardware and software, and the profitability of Dogecoin mining.
  • Spacex Starship Launch
    Spacex Starship Launch
    This topic provides articles related to SpaceX Starship launches, including launch dates, mission details, and launch status. Stay up to date on the latest SpaceX Starship launches with this informative and comprehensive resource.
  • King of Memes: Dogecoin
    King of Memes: Dogecoin
    This topic provides articles related to the most popular memes, including "The King of Memes: Dogecoin." Memecoin has become a dominant player in the crypto space. These digital assets are popular for a variety of reasons. They drive the most innovative aspects of blockchain.