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In the latest crypto news, Ethereum's market cap has topped that of the global payment platform Mastercard. This comes after its price soared on the price chart, going above the $3,500 mark. In other news, Litecoin whales have accumulated 2.7 million LTC tokens in the past month.
Concurrently, a new project, DTX Exchange, is poised to revolutionize the crypto trading arena, introducing access to over 120,000 tradable assets, including forex, bonds, and cryptocurrencies. Having these features, analysts have named DTX Exchange a future competitor of Ethereum and Litecoin.
The online trading world is rising, and DTX Exchange (DTX) is ready to make a big impact. Unlike many platforms that focus only on cryptocurrencies, DTX supports a variety of traditional assets, including stocks and forex, making it the best DeFi project for all types of traders.
With the forex market surpassing $6.6 trillion in daily trading volume, DTX Exchange is set to surpass Ethereum and Litecoin, which depends on inflows from only the crypto market. The hidden fees and long transaction time that most traders suffer from on other platforms are eliminated by DTX. DTX also makes the trading process very simple for traders.
With zero commissions and fast trade execution, DTX ensures you keep more of your earnings and can act on market opportunities quickly. Withdrawals are processed very fast so you can be sure of the best trading experience. One of the major features of DTX Exchange is the absence of KYC requirements. This implies that you can start trading at once, as no forms are required.
DTX Exchange is for the data and chart types making informed choices. The service offers everything you need for market analysis and effective trading strategy creation. For all these features and others, you need the DTX Exchange native token, DTX. The token is now selling at $0.04 and in the second stage of its presale. Price forecasts put DTX at $1 before the end of 2024, justifying it as a good crypto to buy now.
Ethereum (ETH) is making headlines in the crypto market after bagging another major achievement. Now, the market capitalization of Ethereum has exceeded the one of Mastercard, the payment giant. The analyst Leon Waidmann was the first one to report about the landmark moment for Ethereum on his X account.
The market cap of Mastercard is only $427 billion, but that of Ethereum is at $440 billion. The growth in market cap is made possible by the recent surge in the price of Ethereum. The crypto has gained 25.7% to rally to its weekly high of $3,710.31.
Litecoin (LTC) whales have gone on an accumulation spree in the past month. The analytics platform, IntoTheBlock, tweeted about the news on the X platform. The tweet by IntoTheBlock showed that Litecoin whale addresses bought over 2,751,633 LTC in the past 30 days.
The accumulation peaked on May 10th, when whale addresses disposed of over 900,000 LTC. The amount of aggregation indicates that whales are bullish on the LTC token. The Litecoin price has grown by 10.6% in the last week and trades around $90.
The top altcoins, Ethereum and Litecoin, are demonstrating bullish sentiment on the market. Ethereum's market cap value is increasing, but Litecoin whales are acquiring more of this coin. Nevertheless, analysts are sure that DTX Exchange is capable of competing with them. One catalyst they have labeled is DTX Exchange exposure to forex and other traditional markets with large trading volumes.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
