The cryptocurrency market constantly changes, with new projects vying for the top spots. If you’ve been keeping up with the latest developments, you might have heard about the DTX Exchange, which recently launched its testnet. This new project has generated a lot of buzz, attracting investors from Pepe (PEPE) and Chainlink (LINK) to its presale. DTX Exchange, a hybrid exchange, is gaining popularity largely due to its strong industry leadership.
PEPE Continues Downward Momentum After The $0.00000981 Peak
Pepe (PEPE) became one of the standout memecoins with a 1,000% rally starting in 202. However, after reaching its peak at $0.00001728in May, the PEPE’s value steadily declined, dropping to the current level of $0.00000834.
This drop in PEPE is mainly due to the project’s need for more utility because memecoins generally rise on investors’ hype. From the May peak, PEPE has decreased around 50%. PEPE is making the double top formation in charts, which could be the start of a bearish reversal in the price.
Chainlink (LINK) Rejects From the 50-Day Moving Average
Chainlink (LINK) has been on round moves up and down, yet last week brought an impressive 11.42% price increase. However, it faced resistance from the short-term 50-day MA yesterday, which means the decline is more possible.
Chainlink (LINK) is in 14th place; however, its market cap is now down by 6%. Analysts think that Chainlink (LINK) has not been able to recover its price, and therefore, if the price does not recover in the upcoming week, the downtrend could continue.
DTX Exchange (DTX) Emerges As New Leader Amid Market Volatility
PEPE and Chainlink (LINK) are facing some market fluctuations. However, DTX Exchange (DTX) holds its ground and successfully pulls significant inflows from crypto investors. This hybrid platform is unique in that it protects user capital through advanced risk management tools and secures it with premium features.
In 2021, the Centralized Exchange Token (CEX) market was valued at about $12.5 billion, while the DEX trading volume skyrocketed to $835 billion in 2023. This shows the immense growth of these markets, which DTX is keen to benefit from.
Trading on DTX Exchange is a great option for traders who can choose from centralized (CEX) and decentralized exchanges (DEX) on this single platform. Customers can trade on the platform over 120,000 asset classes, such as stocks, forex, and cryptocurrencies. In addition, the lack of a KYC check proves to be a decisive factor, so privacy-conscious traders should use this platform to trade more securely.
The $DTX token, which is the primary platform, is used as a utility, transactional, and governance token. Currently, the second round of presales is on the market, and it costs just $0.04 per token. The launch price is expected to be set at $0.12, which will mean a 300% price increase from the current one. The launch is slated to take place in October this year.
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