The announcement of the hybrid passive income model in the DTX Exchange has brought some relief to the Notcoin (NOT) and THORChain (RUNE) investors amid the heavy market correction. According to the news, DTX’s Vulcanx feature will provide hybrid passive income for the holders with the price appreciation in the DTX coin.
We will discuss the recent price action in Notcoin (NOT) and THORChain (RUNE) and also discuss the DTX Exchange, which is changing traditional finance with blockchain technology.
Notcoin (NOT) Trading Above The Crucial Support Level Of $0.01
Launched in May this year, Notcoin (NOT) is one of the cryptos that has shown resistance against the recent downfall. Notcoin (NOT) is trading above its launch price, and the $0.01 level is working in a demand zone for it.
If the NOT price bounces from the current level, we can see the formation of a double bottom, which can act as a bullish reversal pattern. A bounce from here with strong volume can push the Notcoin (NOT) price to higher levels.
According to CoinMarketCap, Notcoin (NOT) Volume in the last 24 hours has decreased by 2.72%, which is a sign of volatility compression. If demand comes, the price can shoot up.
Thorchain (RUNE) Moving In Month-Long Falling Wedge Pattern
Thorchain (RUNE) made a 52-week high on 13 March 2024, and it has fallen over 70% from that peak. Thorchain (RUNE) has been moving in a falling wedge pattern from the start of the down move.
Thorchain (RUNE) is currently taking support from the lower trendline of the wedge, where it has taken support twice previously on 13 April and 5 July; this is the third time it is taking support from the same trendline. The next resistance for Thorchain (RUNE) is the $4 level, and support on the downside is $2.3.
DTX Exchange: New TradeFi Sensation
The DTX Exchange (DTX) shakes the game board of the exchange token market with its hybrid trading platform. It is the best of decentralized and centralized exchanges. That is an excellent way of thinking, and it will really drive the DTX to zealous growth on a broad scale.
DTX enables you to trade more than 120,000 assets across a wide range of financial markets. Forex, stocks, bonds, cryptocurrencies, commodities, etc. DTX is among the top cryptocurrency projects available. It also allows traders incredible benefits, such as 1000x leverage without requiring any KYC.
With DTX Exchange, anyone holding can stake and farm yields for the platform’s users and investors. It is currently in the second stage of its presale, with tokens available at 4 cents each. DTX has raised more than $1.2 million in less than two months. Given its solid groundwork and case new business model so far, there is no doubt that it will raise $2 million in August.
Learn more about DTX Exchange
