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SUI’s continued bullish rally in the broader market shift is signaling many investors to remain firm in their investments as analyst indicate another massive rally from the platform. Meanwhile, XRP vs SEC has something new to share with the impatient investors. However, DTX Exchange is gaining popularity after a billionaire named it a golden ticket in the fluctuating crypto market.
SUI Price To Continue Bullish Trend In The Near Term
As investors enter November full of hope, SUI hasn’t shown any signs of slowing down. SUI’s trading value is on a short pullback after the entire crypto market witnessed a drawback following the U.S. Stock market crash late October. The entire crypto market cap is down 5.3%, the Bitcoin (BTC) price is trading below the $70,000 price level.
Despite the red market signals, analysts are bullish for SUI which has skyrocketed over 400% from August 5 to October 31. Its on-chain metrics are some of the strongest and signal the asset could extend its gains in November as well. Analysts think SUI is set to continue its bullish rally after its aggregators and cumulative monthly trading hit record breaking numbers.
Trading volume for SUI’s DeFi aggregators surged to $5 billion in October, which is the highest recorded ever. The surge in trading volume indicates an increase in market activity and interest which can lead to increased price volatility, as more users join the network. Additionally, SUI reached $150 billion cumulative monthly trading volume, signaling continued bullish momentum.
A New Update For Ripple Vs SEC Case Just Dropped
The United States Court of Appeal for the Second Circuit has ordered the SEC to file its principal appeal brief against Ripple Labs before January 15. This happened after the agency requested a deadline extension until the said date. Initially, the SEC missed its submission deadline, with defense lawyer James Filan exposing the regulator’s petition to delay the filing.
On November 1, the previous federal prosecutor shared the Court of Appeal’s decision on the SEC’s request. According to the document shown in Filan’s post, if the agency fails to file its brief by January 15, the appeal will be dismissed. The court also stated that any further request for an extension or other relief would not change the filing deadline.
The legal struggle took place from a landmark ruling in 2023 by Judge Analisa Torres which found that Ripple’s XRP token sales on exchanges did not meet the criteria for investment contracts under the Howey Test. However, the judge also ordered Ripple to pay a $125 million fine for institutional XRP sales, which she believed were a violation of securities laws.
DTX Exchange Could Be Your Golden Ticket This Bull Cycle!
DTX Exchange’s mind-blowing presale performance strikes back as the dispute between Ripple and SEC continues to capture market interest. This deFi platform has proved to be the best back-up plan for many investors after they found their capital stuck in the Ripple (XRP) as it went back and forth with the U.S. Securities and Exchange Commission (SEC).
Nonetheless, DTX Exchange’s personal record of raising $2 million in a private seed round, $100,000 in a single day, and over $6.3 million in an ongoing presale has ranked it as one of the best alternatives to invest in while Ripple settles with SEC amid the heated lawsuit. The platform’s next-gen trading tools also make it a priority over Ripple as it offers more automation for traders.
DTX Exchange’s Presale Rally Slays Amid Bearish Market
Following DTX Exchange’s success in its presale round, the platform successfully went live on its pre-listing on CoinMarketCap. This listing has brought DTX Exchange a plethora of recognition from a vast community of investors exploring CMC for their daily crypto trading needs.
As SUI continues to show a strong bullish pattern in its price chart amid the broader market shift, the DTX Exchange (DTX) follows the same pattern and signals a potential 25x rally in Q4. Just by the way, If you haven’t claimed it already, DTX Exchange is offering a whopping 50% extra on any deposit through its ‘DTXOG’ promo code. Claim now!
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*This article was paid for. Cryptonomist did not write the article or test the platform.