The crypto market is notorious for its highly volatile nature, with few price movements lasting much longer than a week. Bitcoin’s (BTC) influence has also significantly contributed to the relatively unstable market lately, leaving many top tokens, including Ethereum (ETH), in quite the situation.
Then again, things are starting to look up for the ETH token, and a new DeFi coin is launching on the blockchain to switch things up, too.
Ethereum Suffers From Bitcoin Swings
The whole crypto-verse was set back after Bitcoin’s price slumped early last week. The top crypto coin has always held a significant portion of market dominance, leaving most other altcoins under its influence.
Hence, it was not particularly surprising to find that Ethereum followed suit merely hours later. The ETH price fell by over 8.4% in the past week, adding to the 8% loss the token conceded on the first day.
Although the rebound from Ethereum is indicative of a vibrant community of traders, the weekly losses point to the far-reaching effects of the Bitcoin-induced slump. Ethereum might have its sights set on $10,000, but it’s a long way to getting there.
What Does the Ethereum Future Look Like?
Analysts are divided on what path the ETH token price will take, especially in the short term. While the token has the potential for immense growth, certain analysts warn that the bright future users are anticipating might be quite futuristic.
With the Bitcoin dip already taking its effects on Ethereum, analysts believe further dips will take Ethereum to its support levels at $1,750 and $1,550. Some even believe that the Ethereum ETFs launch will be at a period when the ETH token exchanges between $1,000 and $1,200.
The short-term is looking turbulent for Ethereum, but a long game seems profitable. To balance things, we have a new DeFi coin with as much potential for short-term profits as it has for gains in the long run.
DTX: Built on Ethereum for Everyone!
Ethereum’s blockchain has been a hub for new, innovative projects, and the craze for interoperability has made it even easier–if not wiser–to run projects on the ETH network. DTX Exchange is one of the latest releases on the platform, and, against the trend all summer, it’s not a meme coin.
DTX Exchange is a typical DeFi project with much of the regular financial offerings and a little more on the side.
First, traders get a wider-than-usual range of trading instruments with which to work. You get foreign currency trading to encourage the ease of trading across regions and equity products like company stocks and bonds to go along with the regular crypto-asset offerings.
That’s a lot of trading assets with which to boost your portfolio. The wallet on DTX Exchange allows for complete asset management, where you can view all your holdings–stocks, bonds, tokens–on one dashboard.
There’s much more to gain from signing up on DTX Exchange: fast transactions, fully verified smart contracts, and analytical tools to aid trading decisions. But it all starts with a few tokens.
Experts Have High Hopes for DTX
The DTX token is in Stage 3 of presale and closing in on the fourth. The token is amassing a lot of investors, with experts identifying its vast utility as a premise for long-term gains.
The tokens are worth $0.06 each, and with a proposed launch price of $0.12, you could get 100% ROI when the project goes live. Moreover, there is a 10,000% post-launch price projection for the DTC token. This means the coin could return $100 on every $1 invested in it. Good for the short-term, even better in the long run!
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