DTX Exchange’s presale has taken the form of a mass movement as investors from renowned crypto platforms join in! DTX Exchange’s parallel blockchain- testnet - has emerged as a game changer for the trading platform, making it a competitor of the crypto giants like Ethereum (ETH) and Ripple (XRP).
While the crypto giant Ethereum (ETH) suffers from declining trading volume, some analysts claim DTX to be a major reason behind this decrease. Ripple (XRP) also faces volatility as indicated by the Bollinger Bands.
The emerging hybrid trading platform, therefore, becomes the solution to the inventors’ problems created by the downtrends of Ethereum (ETH) and Ripple (XRP).
Ethereum (ETH) has always been known for its uptrends and strong market presence. However, the circumstances surrounding the crypto giant seem to be changing as Ethereum (ETH) is currently being recognized by the constant dominance of red candles across all charts.
The altcoin is trading at $2,446 after registering an intra-day decline of 2.79%. The market cap of Ethereum (ETH) is also down by 2.84% while the trading volume is down by a massive percentage of over 22%. Market analysts suggest that the reason for this decline can be attributed to the shift of Ethereum (ETH) whales to DTX Exchange.
Traders have been anxious due to Ethereum’s (ETH) market performance, as the coin is down by 6% over a week. The monthly price chart is also dominated by red candles constantly as Ethereum (ETH) is down by over 16%! Massive price declines are compelling investors to shift to better alternatives.
Ripple (XRP) has failed to mark notable gains for the past two weeks. The price of Ripple (XRP) fell by 7%, reaching a local low of roughly $0.54. Even with a surge of more than 1.9% over the day, Ripple (XRP) is trading at $0.56. Ripple's (XRP) technical analysis reveals that the price may slump further in the coming time.
One important sign that suggests Ripple (XRP) is set to enter a chaotic period of volatility is the Bollinger Bands. The technical tool assists traders in determining when an asset might be overbought or oversold as well as potential price breakouts or reversals.
Market experts observed last week that the Bollinger Bands were greatly compressed. It's important to note that this kind of development suggests that Ripple (XRP) has been quite stable for a while and may be preparing for a significant upswing (or decline). According to the analyst's new claim, the bands have gotten even tighter, suggesting that the momentum of the Ripple (XRP) coin is waning.
The hybrid trading platform- DTX Exchange is the new sensation in the DeFi space. The platform’s testament launch has made it an Ethereum-killer, as the platform continues to attract Ethereum (ETH) investors. DTX is revolutionary as it provides access to over 120,000 financial assets including stocks, FX, cryptocurrency, and more, all at a single spot!
DTX Exchange is gaining global traction following the launch of parallel blockchain. Traders can now use the DTX testnet to test, find flaws, and guarantee that the code was working properly before it was put on the main blockchain! According to analysts, the testnet has elevated DTX to the status of the crypto giant- Solana blockchain, shifting the developing platform's competitive landscape.
Easy onboarding, distributed liquidity pools, 1000x leverage, and a community-centric approach are the key factors that make DTX an absolute favorite of investors. Stage 3 of the presale has taken the shape of a mass movement as investors- both seasonal and institutional- are taking part in the presale.
With a modest capitalization of $0.06, the native token DTX has sparked an avalanche of interest among traders, attracting investors. The site has already raised a staggering $2 million at this early level, or the start of stage 3 presales.
Ethereum’s (ETH) trading volume decreases by 22%.
Bollinger Bands hint towards a potential downtrend for Ripple (XRP).
DTX Exchange (DTX) raises over $2.2 Million, further catalyzing the buying frenzy.
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