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- Cryptocurrencies
- Stocks
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- Industry
- Geography
Strategic moves from traders and investors are causing changes all over the market. A noticeable trend has been the shift from AI-oriented cryptocurrencies such as RNDR and NEO. The AI crypto communities have been predicted to be heading towards bearish market conditions, and investors are jumping ship while they can.
Currently selling at $7.81, RNDR has shown a steady decline over the past month. The coin's value has fallen by 28.3% over the past thirty days. This month didn't usher in more favorable times for the coin, as it continued to decline, first by 16.1% and 13.8% in the past weeks.
The coin dropped by a shocking 5.5% in the past twenty-four hours, and with every reduction in value, investors' confidence wanes as well.
The market is due to experience all-around losses in response to the recent fall in the price of Bitcoin. RNDR, a project that used to be regarded as one of the most promising and innovative applications in AI and decentralized finance, has quickly become a sinking ship, prompting investors to reconsider their investments and seek alternatives.
The downtrend of the NEO token can be traced to investors' lack of interest. The project employs innovative AI technology to fully digitize assets and was regarded as a game-changer in the decentralized finance space, but it has failed to retain investors' interest and attract a new influx of traders or users to its platform in recent times.
The token has been witnessing a significant decline, with price plummeting by 25.8% in the past week. There doesn't seem to be much room for an immediate reversal as the token is down by 10.3% today and currently selling at $16.88.
It remains to be seen whether the token can manage a reversal or will continue to decline in the coming days.
Investors from RNDR and NEO who want to maximize their profits and mitigate risks are turning their attention to DTX, a promising altcoin on the market.
DTX exchange is a hybrid exchange platform that witnessed considerable gains in the early days of its first seed round. With over $250K raised since the start of the presale, the platform is performing just as well, if not better, than other established coins in their early stages.
The growth and success of the platform is as a result of the features and opportunities it offers to its users. The 1000x leverage exchange with an average execution rate of 0.04 seconds is an immediate eye grabber in the market. With other eye-catching features like 120K tradable assets and advanced tools such as APIs, graphs, maps and analytical tools, the project has not struggled to attract investors to participate in the presale.
The token currently sells for only $0.02. In its second round, the value of the coin will be placed at $0.075. Despite the 275% increase in price, DTX will still be in the affordable range, which is a significant criterion for investors looking to turn little capital into maximum gains.
Sometimes, it feels like the market has a mind of its own. This may be because the overwhelming majority of traders react in similar ways to evolving situations. Seasoned investors and traders know when to follow the crowd or to take an alternative path to maximize their returns.
Traders who want to follow the trend can participate in the DTX token presale or join the community on Telegram for more information.
