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.