Alt Season Is Here? Ethereum Price Breaks $3400 – Does This Signal ATH Incoming for DTX & SUI Blockchain?

December 27, 2024

The Ethereum price touched $3,400 and crypto investors renewed their excitement. This period is being referred to as the “Alt Season”, as altcoin projects are making strides in value.  

A couple of projects that could be among the notable beneficiaries of this bullish trend are DTX Exchange and the SUI Blockchain. Questions are being asked about whether these platforms’ native tokens could be on the verge of their next all-time high (ATH).

So let’s dive into what is driving Ethereum’s momentum and how DTX Exchange is positioning itself as a standout project in this altcoin rally.

Ethereum (ETH) has long remained the measure of the altcoins. After a disappointing last week, the price of ETH rose to over $3,400 within the last 24 hours, bringing hope back among investors.

Source: CoinMarketCap

ETH’s price surge has come in a period of similar altcoin surge in the past 24 hours in what investors are hoping is the start of a fresh altcoin season. And there is always much to be hopeful for when it comes to Ethereum news specifically with its major significance in the DeFi landscape.

The network of Ethereum has seen an influx of activity lately for DeFi, NFTs and Layer 2 solutions like zk-rollups, which impact scalability and lower transaction costs. Also, the concluding Shanghai upgrade for Ethereum earlier this year has further fortified staking interest, further strengthening investor confidence in the network.

While Ethereum price tries to reclaim its bullish momentum, analysts predict that projects leveraging blockchain innovation, such as DTX Exchange and the SUI Blockchain, could also experience exponential growth.

SUI Blockchain is a high-performance Layer 1 blockchain designed primarily for scalability and speed. Its dedicated architecture allows developers to build decentralized applications (dApps) with ease, allowing SUI to compete with Ethereum in that regard.

Recent developments are thought to have sped attention to the ecosystem, including events such as partnerships with major tech companies and the launch of user-friendly tools for developers. The SUI Blockchain’s focus on fostering Web3 adoption positions it as a key player in the ongoing crypto boom.

And its operative native token (SUI) has also experienced recent growth in value by over 9% to now stand at $4.66. This is after SUI had also seen a bit of a downturn in the past week as well. But it is currently looking strong as an investment option. But where does DTX Exchange stand in comparison this altcoin season?

Source: CoinMarketCap

While Ethereum and SUI Blockchain are grabbing headlines, DTX Exchange is quietly making waves as a revolutionary trading platform that offers up to 1000x leverage.  It is emerging as a standout project as it allows users to trade across multiple asset classes—stocks, crypto, and forex—on a single platform.

Key innovations include the Phoenix Wallet, which securely holds diverse assets, and plans to tokenize real-world assets (RWAs). These features enhance user experience and open new investment opportunities.

Its growing community of over 200,000 active members has really driven the growth of the DTX token. Its ongoing presale has raised more than $10.5 million, just towards the end of the sixth stage. The current price is at $0.12 and is expected to be $0.14 in the next stage and $0.2 at listing, showing a very solid pathway for profit. Early investors can even benefit from profit-sharing and voting rights within the ecosystem.

And the best part is the security. DTX Exchange prioritizes user trust and as a result, took care of SolidProof auditing and CoinMarketCap preview listing. These measures ensure platform reliability and security, crucial for long-term success.

As Ethereum continues to dominate as a smart contract platform, DTX Exchange leverages blockchain technology to innovate trading. This complementary dynamic underscores the potential for both projects to thrive among investors in the current altcoin season.

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