Fighting the odds of market volatility and the bearish pressures, DTX Exchange has emerged as a top gainer of this bull run. Analysts claim it to be the most prominent crypto in this session with a $4 million raise in the third stage of the presale.
DTX has been defying established crypto players of the current bull run, outpacing Chainlink (LINK) and Avalanche (AVAX). While Chainlink (LINK) and Avalanche (AVAX) continue to dip, DTX roars with $4 million and an extraordinary set of features, making it a crypto winner!
Chainlink (LINK) Surrounded By Bearish Pressure
As a decentralized oracle network running on Ethereum, Chainlink (LINK) is essential for tying blockchain technology to facts. The key to smart contracts is the LINK token because it guarantees safe data exchanges between platforms.
Chainlink (LINK) pays node operators for data sourcing. Additionally, in order to avoid misleading information and improve security, these operators must stake tokens. With the rise of Oracle networks, the demand for Chainlink (LINK) continues to grow. For now, Chainlink (LINK) remains a vital part of the decentralized finance (DeFi) sector.
However, the sentiment surrounding the LINK token seems pessimistic. The daily chart shows a slump of over 3.58% with the Chainlink (LINK) token trading at $10.61 in the current session. The 24-hour trading volume is also down by 8.44%, overall painting a bearish picture for the Chainlink (LINK) token.
Avalanche (AVAX): Slipping Despite Technical Upgrades
It appears Avalanche (AVAX) has struggled this week despite major technical upgrades meant to improve network throughput and scalability. The current session shows an intraday decline of over 2.46% for the Avalanche (AVAX) token.
Avalanche’s (AVAX) recent update, which introduced the new Avalanche Warp Messaging (AWM) feature for faster communication between subnets, was supposed to improve performance and reduce network congestion. Despite these updates, Avalanche (AVAX) continued to lose value as traders remained wary amid volatile market conditions.
The 24-hour trading volume of Avalanche (AVAX) is also decreasing with a major slump of over 18%, while the market cap also follows the same trend. The market cap of Avalanche (AVAX) is also down by 2.4%.
Huge Whale Interest Push DTX Exchange (DTX) Presale Over $4M
DTX Exchange (DTX) has drawn an impressive amount of capital from investors and has now touched $4 million in total funds raised. This comes after it was listed on the price tracker CoinMarketCap. Also, those who invested early in DTX Exchange have already seen a 200% ROI. The exchange is creating a hybrid exchange, which will have elements of a centralized and decentralized platform.
Benefits include privacy, fast transactions, low fees, high liquidity, and security. Combining DeFi and TradFi through the DTX platform allows users to trade stocks, options, indices, CFDs, bonds, and much more. Also, traders don’t have to fill out KYC forms. DTX Exchange allows them to trade anonymously from anywhere in the world. Such a feature makes it unique in today’s competitive market, where privacy has become important.
Other features the platform will introduce include advanced trading tools and integration of AI technology. DTX is now in the fourth stage of the presale and is valued at $0.06. Analysts have tagged DTX as the best coin to invest in now. They forecast the value of the cryptocurrency could increase by 10x before the year ends, attracting BNB whales.
Key Takeaways
DTX Exchange’s $4 million presale raise has made it a stellar crypto of the current bull run. While bearish sentiment surrounds established players like Chainlink (LINK) and Avalanche (AVAX), DTX roars unbeaten!
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