DTX Exchange (DTX) continues to bask in the spotlight, standing out for its novelty and growth prospects. Its unique contribution—a hybrid exchange platform—is set to transform the global trading scene
DTX Exchange (DTX) is an emerging altcoin in the spotlight, set to skyrocket post-launch. Its unique contribution to the global trading scene, valued at $10.3 billion in 2023, makes it a low-cap gem with upside potential like Binance Coin (BNB) and Chainlink (LINK).
As a new DeFi project, DTX Exchange is tipped to soar over 100x after listing on Tier-1 exchanges. Its presale is in round 3, offering a massive discount with each token priced at $0.06. Investors have been snapping it up, and over $2.3 million has been raised to date.
The DTX Exchange is a hybrid trading platform that combines features of centralized and decentralized exchanges to address critical issues and present the best of both worlds. This includes enhanced liquidity, security, privacy, financial inclusion and thousands of asset classes, setting it up for vast adoption.
Meanwhile, the crypto market swung even lower this week, with Bitcoin (BTC) retesting $56,000. As confidence takes a hit, top crypto projects like Binance Coin (BNB) and Chainlink (LINK) lose momentum and key price levels.
Binance Coin (BNB) tumbled from its week high, with selling pressure persisting despite its strong fundamentals as the utility token of the entire Binance ecosystem.
The BNB price is above $510, falling from its weekly high of $540. Almost 5% down in the past seven days, its momentum took a dip, sparking concerns about further downswings. A bearish outlook indicates a fall below the $500 mark, retesting levels last seen in early August.
However, more bullish analysts anticipate a comeback in the coming days. The BNB coin is expected to rally past $550 before the week’s end, setting the stage for a bigger leap. Experts predict it will close above $600 by the end of Q3, making it an altcoin to keep on the radar.
Chainlink (LINK) also nosedived as the crypto market tanked. It is a top altcoin and one of the most frequently used DeFi solutions platforms, contributing to the rising token demand.
However, as the crypto market took a downturn, so did the Chainlink price. It fell by over 7% on its weekly chart, losing the $11 support. Following this dip in momentum, there is a fear of a drop below $10, which might lead to a selloff below $8.
Despite this short-term bearish outlook, its long-term projection remains bullish. A Chainlink price prediction suggests a jump above $50 before the year’s end. This will put it within striking distance of its $52 all-time high, placing it on the list of altcoins to hold for the long term.
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