In a market where Bitcoin cements its position as the apex asset, a small but blossoming group of altcoins has been taken to casting off the constraints of prevailing market sentiment and embracing a most welcome fervor of outperformance over the king of cryptocurrencies.
The latest data from CoinMarketCap sees just 17 tokens making the cut as good enough to be moving substantially to the upside versus Bitcoin in the past 90 days, with a handful of them putting in particularly strong performances. Leading the pack by quite a bit is $DEXE, a token created by market maker @DWFLabs, which has shot up to $9.42 from just beneath $5.00 when the party started on this token’s performance. That’s a 79.59% gain alone. Thus, $DEXE is the best performer in CoinMarketCap’s list that we’re using for reference.
$DEXE’s Meteoric Rise: A Testament to Expertise
The $DEXE token, which was market-made by @DWFLabs, has been a key player in the altcoins that are outperforming Bitcoin. Over the last 90 days, it has increased 79% in value and has attracted serious attention in the cryptocurrency space. Much of this surge can be attributed to the market-making experience of the @DWFLabs team, which has shown its expertise in driving this token’s value higher during a pretty tough crypto winter when many other tokens are struggling.
A factor of $ DEXE ‘s success has been the token team’s ability to build and nurture the ecosystem. When it released $ DEXE , the team behind it started to focus on providing holders with utility and value. That in itself is not a small feat—especially in this market. But the team has done this while also improving and expanding its offerings, which, I think, makes $ DEXE and its team behind it a considerable force in the space.
The Rise of Staking and High APYs: A Game Changer for $DEXE Investors
Along with its noteworthy price performance, $DEXE has recently gotten additional attention because of the staking program it offers through @DexeNetwork. This has been set up in a way that lets token holders earn rewards while they hold $DEXE, and it seems to be creating a win-win situation for both the token’s price and its community. The current valuation of the staking program is a not- insignificant $8.5 million, which seems to reflect increasing interest and confidence in the token.
Perhaps even more enticing for investors is the staking program, which offers an astounding 127% Annual Percentage Yield (APY). This high return on investment is remarkable in the world of cryptocurrencies, where yield farming and staking programs are usually linked to high-risk ventures. Seeing an opportunity to possibly earn up to 127% APY, both retail and institutional investors have taken an interest in $DEXE and have made it even more alluring to people who have faith in its long-term potential.
The staking program has let $DEXE form a strong base of investors, who are not just banking on a rise in the token’s price, but are also earning some nice passive income, thanks to an integration of staking rewards. These developments mean that $DEXE is really one of the most interesting altcoins in the space right now.
Other Altcoins in the Spotlight: A Competitive Landscape
While $DEXE has certainly made a splash, it is not the only token seeing impressive gains. The broader group of altcoins that are outperforming Bitcoin and that have caught the attention of traders and investors in the past 90 days includes several others we could mention. For instance, $BERA has risen by an impressive 492%, leading the charge with one of the highest returns we’ve seen in the market. Other notable tokens include $DEXE at 79%, $BGB at 72%, $TRUMP at 70%, and $GT at 65%. Each of these tokens has demonstrated unique characteristics and use cases that have allowed them to stand out in a crowded market.
$DEXE has market-making efforts that are combined with an innovative staking program and have placed it in a prime position to be successful. This makes it one of the altcoins that is most watched by investors looking to diversify their portfolios beyond Bitcoin.
The Road Ahead: What’s Next for $DEXE and Its Staking Program?
With the $DEXE token displaying solid growth and its staking program functioning exceedingly well, many observers are asking one simple question: What’s next for this rising star? As the @DWFLabs team keeps pushing forward and innovating the $DEXE ecosystem, it certainly looks like more and more investors will be magnetically attracted to its one-of-a-kind offerings. With that in mind, let’s take a look at the possible short- and long-term plans for $DEXE that the team has shared with us.
In the realm of cryptocurrencies, outperforming Bitcoin is no easy task. Yet, $DEXE has shown that with the proper market-making strategies, some very high-yield staking options, and quite a lot of community support, altcoins can have their own success stories. As things stand, though, $DEXE has the look and feel of another leading altcoin that should be around for the foreseeable future.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.