The 2nd biggest cryptocurrency, Ethereum (ETH), has faced a major downtrend, falling nearly 6% in the last seven days. It has been able to close in the green after making the low of $2,150, but price behavior is very weak on the charts.
Another blue-chip cryptocurrency, Polkadot (DOT), has suffered a loss of over 20% from the recent swing high. This bearishness in the major cryptocurrencies has made investors look for new investable scripts. DTX Exchange is emerging as a savior for traders amid the heavy selling in the market.
Polkadot (DOT) Usecase And Price Instability
Polkadot (DOT) enables the transfer of data or assets between blockchains, making it crucial for blockchain interoperability. It allows independent blockchains to communicate and share information smoothly, improving the efficiency of decentralized networks. Polkadot (DOT)’s unique architecture allows blockchains to operate securely using the shared security of the main Polkadot (DOT) chain, called the Relay Chain. This increases scalability by allowing multiple transactions to happen across different blockchains simultaneously.
Since mid-March, Polkdot (DOT) has been in a downtrend, decreasing by around 65% from the peak. Polkdot (DOT) is above the psychological level of $4, but the price has not been able to sustain any previous support levels. The outlook for Polkdot (DOT) is still bearish, and some strong price action development can help Polkdot (DOT) reverse the trend.
Ethereum (ETH) Foundation Wallet Shrinks to $650M
Ethereum Foundation is the largest non-profit organization funding the Ethereum blockchain. The foundation’s main Ethereum (ETH) wallet currently holds ~650 million dollars, a decline that has been constant since March 2022. Back then, the total amounted to about $1.6 billion, with large portions of Ethereum (ETH) and approximately $11 million in other cryptocurrencies in the foundation’s cryptocurrency account.
Justin Drake shared on an Ethereum (ETH) subreddit that the Ethereum Foundation spends about $100 million annually and has around ten years of funding, depending on the price of Ethereum (ETH), the blockchain’s native token.
DTX Exchange Making Smart Trading Successful With AI
Artificial intelligence (AI) is unveiling new horizons in each and every industrial sector by making processes more efficient, and DTX Exchange (DTX) is implementing this technology to enhance trading. DTX’s AI-enriched trading function delivers traders with a remarkably high level of accuracy and extremely fast performance, with an average transaction speed of 0.04 seconds. This fleeting and exact performance enables traders to benefit from market situations immediately.
DTX Exchange is set to revolutionize online trading with its hybrid model. This platform allows users from around the world to trade over 120,000 asset classes, including CFDs, FX, and cryptocurrencies, with leverage of up to 1000x. Additionally, it offers complete privacy, as no sign-up or KYC checks are required.
The network has already raised $2.5 million at the start of its round. During this stage, DTX tokens are available at $0.06. Launching a new layer-1 blockchain has generated significant investor interest, with experts predicting the DTX token could reach as high as $6 upon public listing, signifying a 100X return for current investors.
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