Ethereum (ETH) faces a potential price dump before its march to $5,000, while Bitcoin’s record-breaking $100,000 milestone sends shockwaves across the market. Meanwhile, DTX Exchange is emerging as a game-changer with its revolutionary hybrid model, promising massive growth for traders and investors alike. Let’s take a closer look at these emerging trends in the crypto market.
DTX Exchange: The All-in-One Trading Platform
DTX Exchange (DTX) is the crypto world’s first unified exchange, offering stocks, cryptos, ETFs, and forex all under the same roof, saving you from the hassle of managing multiple platforms for different asset classes.
This stand-out feature of unifying multiple assets is enabled by its VulcanX blockchain. This blockchain is made to interact with conventional assets like stocks and forex with modern-day ones. With an anticipated TPS of more than 100,000, the blockchain has set itself apart.
DTX exchange introduced its token to the public through its presale, which launched at $0.01 per DTX token. Now, it stands at a $0.14 price point, translating into a price jump of over 450%. This sharp price hike is attributed to the innovative features that DTX Exchange is offering.
These offerings include over 1000x liquidity model, phoenix wallet introduction, community-driven growth, listing on well-known platforms, and a lot more.
Early investors of the DTX Exchange (DTX) presale have already enjoyed over 450% ROI and are now all set to enjoy an additional 80% gains in the subsequent presale rounds till the official listing.
Ethereum Bears Take the Lead: Why ETH’s Rally May Stall
Due to Bitcoin’s crossing above $100,000 on Monday, several of the leading cryptocurrencies saw significant bounces, while ETH’s value stayed mostly range-bound. The price of Ethereum is now down 0.15% over the last day, trading at $3,639.
A primary factor contributing to Ethereum’s slow performance is a lack of active users. This can be seen by ETH’s open interest, which is decreasing as the price of Ethereum keeps reaching new highs. This type of divergence suggests that the price is slowing and rising higher because shorts could be closing. A mix of closing shorts and starting longs is necessary for a complete rise.
On January 3, the price of Ethereum broke over the barrier level between $3,539 and $3,654. Since then, the Relative Strength Index (RSI) has recorded lower highs, and ETH has achieved greater highs. This non-conformity is known as bearish divergence, and it frequently signals a reversal or short-term downturn.
Ethereum’s price may drop to $3,459, and the demand zone may be between $3,430 and $3,470 if the bearish divergence materializes. This is a good spot to accumulate ETH at low prices. Following an accumulation, a rebound may push the price of Ethereum back over $3,600 and establish a higher high to validate the beginning of an upward trend up to $5000.
DTX $11.3M Presale: The Next Big Thing in DeFi
As the market impatiently waits for the next big catalyst for Defi, DTX Exchange (DTX) is slowly becoming an important player. Promoted as a hybrid trading platform, DTX Exchange has several state-of-the-art features that have the potential to disrupt the trading landscape.
DTX Exchange’s tokenomics and incentive system have also caught the attention of speculators. With a total supply of 475 million DTX tokens and a presumed launch price of $0.2, many early presale investors could make a fortune if the platform.
The presale has already collected over $11.3M and is now nearing its conclusion. If you want to be on the ground floor of such a transformative project, then make sure you check out DTX Exchange and be a part of it.
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