There is always scope for improvement in the crypto market, and the recent market correction has created new opportunities that can become multi-baggers in the future. One such opportunity for Litecoin (LTC) and Chainlink (LINK) investors is DTX Exchange, which has over 10,000+ users.
Over the weekend, the DTX Presale saw over $100,000 in investment from Litecoin (LTC) and Chainlink (LINK) investors as the major coins are sliding amid the market correction.
Indian Government Crackdown On Litecoin (LTC)
India’s Enforcement Directorate (ED), the country’s money-laundering investigation authority, tracked down and detained Shailesh Bhatt in connection with a $145 million crypto extortion case. The assets include 2,091 Bitcoin, 11,000 Litecoin (LTC), and nearly $1.72 million in cash.
Despite some negative developments in Litecoin (LTC), it has gained over 30% from the recent bottom, increasing its market cap to over $4.9 billion. Still, the long-term trendline is acting as resistance to the Litecoin (LTC) price, which was previously rejected. A breakout will be interesting because it can lead Litecoin (LTC) price above the $80 level.
New Development Around Chainlink (LINK)
Superstate employs Chainlink (LINK) Data Feeds to provide net asset value data for its tokenized treasury fund on the blockchain. In its announcement, Superstate underscored that this is a new initiative meant to strengthen the flexibility of the Superstate Short Duration US Government Securities Fund by introducing Chainlink (LINK) technology.
For the company, using Chainlink (LINK) data will be a way to attract more attention to the official decentralized finance (DeFi) field, where actual assets are centralized. The tokenized treasury market has recently experienced significant progress, including BlackRock’s entry with the launch of the USD Institutional Digital Liquidity Fund on Ethereum (ETH).
DTX Exchange Best Contender For Growth In Exchange Space
Traditional exchanges have been unable to solve the new-age problems of traders and investors, and this is where DTX Exchange is making a name for itself. No other competitor provides CEX and DEX features, which are DTX Exchange’s major USP.
DTX Exchange has already proven with $1.4 million raised in less than 2 months. This strong interest signals confidence in DTX Exchange’s potential to become a major player. Designed to work seamlessly with other protocols and platforms, DTX Exchange offers access to a wide range of assets.
DTX stands out with its groundbreaking 1000X leverage, a feature that can significantly amplify trading outcomes. This, combined with a non-custodial wallet system and no KYC requirements, positions DTX as a leader in the crypto trading space, staying true to the core principles of cryptocurrency.
By blending innovative features with a user-focused approach, DTX aims to join the top cryptocurrencies and set new standards in the market. With its hybrid platform, DTX Exchange is on track to become a dominant force, ready to challenge the established positions of Litecoin (LTC) and Chainlink (LINK).
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