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While many cost-efficient projects are taking over the deFi space, some legacy projects like Uniswap, a decentralized exchange built on the Ethereum blockchain, due to its high gas fee, especially in times of high network congestion. Fetch.ai on the other side provides low-cost solutions as it utilizes its native blockchain, designed to be more efficient and scalable.
Concerned by this problem, global investors are looking toward the emerging competitor of Uniswap, boasting a robust infrastructure. Coming to the spotlight is DTX Exchange which has eliminated gas fees with its VulcanX update, becoming the first L1 project in the ICO stage. Let’s dive deep to explore why DTX Exchange might be the next best altcoin in the trading sector.
Along with Uniswap’s ongoing legal conflict with the U.S. Securities and Exchange Commission (SEC), the upcoming fee mechanism vote on May 31 is driving the UNI market volatile. Uniswap has explored multiple solutions to reducing and effectively distributing gas costs including Optimistic Rollups and zk-Rollups and the latest update to Uniswap v3.
The proposed plan for the upcoming governance vote can be a crucial step in improving the Uniswap fee structure. Despite UNI’s promising 18% price hike, users are likely to welcome other competitors offering unique trading solutions and cost-efficient trading dynamics. The 32% decline in the trading volume indicates the shifting sentiment of investors amid speculations.
Fetch.ai was among the best altcoins in the AI sector providing highly efficient transactions with reduced computational overhead and lower fees through its consensus blockchain. Moreover, the $7 billion merger initiative has also led Fetch.ai to enjoy the mainstream spotlight, boasting a strong market position.
The primary speculation leading FET investors to shift avenues is its massive 11% price drop in one week, combined with offloading activities to mitigate losses. Fetch.ai is trading in a mid-range of $2.2 - $2.5, failing to display any signs of potential price breakout. These performance stats are pushing investors to bet on DTX Exchange blockchain layer 1 trading solutions.
DTX Exchange (DTX) is shifting the trading dynamics with its scalable and seamless solutions for efficient trading experience. With its recent VulcanX update, the platform has eliminated gas fees which is a major milestone in the tradFi sector. With its blockchain layer 1 solutions, it boasts a robust infrastructure and a lightning-fast speed of 0.04 seconds.
Emerging as the top ICO performer in 2024, the project has raised a ground-breaking $575,000 in the second stage of its public presale. DEX and CEX enthusiasts equally welcome the emerging tradFi platform due to its hybrid nature, including the best features of both sides. Due to its diverse market offerings, investors from all financial sectors are flocking toward DTX’s all-in-one marketplace.
DTX token is priced at $0.04 in stage 2 and is expected to increase to $0.06 in the next stage. As the demand is surging for the DTX no-KYC platform, market experts predict that the DTX token is the best altcoin to buy for 100x returns as a potential price breakout above $2 is expected after its anticipated Q2 mainnet launch.
Uniswap investors are rapidly shifting to DTX Exchange’s presale after concerns escalated for the decentralized exchange. The hybrid platform has taken one step ahead of the low-cost blockchain of Fetch.ai with the VulcanX update, emerging as a user-friendly marketplace boasting 120k+ digital assets in stocks, equities, cryptos, and forex. This poise DTX Exchange to transform the traditional trading schemas, emerging as the best altcoin to buy in 2024
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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.
