The current market condition is largely bearish and underwhelming, prompting investors to reassess their strategies. Ethereum (ETH) whales have been diversifying into more promising alternatives and at the forefront are TRON (TRX) and DTX Exchange (DTX).
While TRX is a household name compared to DTX, an emerging cryptocurrency, it is rapidly gaining traction. Over $2.3 million has been raised in the ongoing presale, speaking volumes about its potential and impending adoption.
DTX Exchange (DTX): A Novel DeFi Protocol Preparing to Reshape the Trading Scene
DTX Exchange (DTX), one of the shining stars in the investment town, stands out for several reasons. Finding such innovative projects at this early stage isn’t common, fueling interest and presale participation past $2.3 million in raised funds.
Its novelty as a hybrid exchange protocol aiming to reshape the $10 billion global trading scene is among its biggest attractions. Set to address critical challenges within the traditional financial landscape and revolutionize conventional trading platforms, it will bridge the gap between crypto and TradFi.
Navigating largely uncharted waters, its one-stop platform will be a hub for trading different asset classes, from stocks, bonds and commodities to cryptos. With adoption imminent, whales are on a buying spree, stacking up at $0.06 in the 3rd ICO round. A 7,000% upswing is projected after its debut, making it an altcoin to watch ahead of established players like Ethereum and TRON.
Ethereum (ETH): Further Downswings?
Ethereum (ETH) requires little to no introduction as the second-largest cryptocurrency after Bitcoin. It is often mentioned in conversations with BTC, especially with the recent launch of ETH ETFs. Also, its robust ecosystem of dApps is unrivaled—one of the best altcoins.
With selling pressure picking up where it left off, September hasn’t been kind to the Ethereum coin. It retests $2,400 from a week high of $2,500. A top analyst hints at further downswings, citing a possible double-bottom formation near the upward-sloping trendline support before any jump.
While its next move is largely uncertain, the coming days will likely set the tone and pace for the rest of the month. Nevertheless, considering the Ethereum price is 50% below its all-time high of $4,800, it is heavily discounted and a good crypto to buy.
TRON (TRX): Eyes More Gains
TRON (TRX), one of the top crypto coins, leads in gains in Q3. The DeFi ecosystem is rapidly growing following the launch of SunPump, a similar platform to PumpFun. By integrating memecoins into the TRON network, it was among August’s biggest highlights.
In the past month, the TRON price was up by 20%, outperforming top altcoins and the overall crypto market. While it hasn’t been off to a great start this week, the bulls aren’t far away. It is expected to maintain its bullish streak despite the slight bump on the road.
According to forecasts, TRON will end the third quarter above $0.17. While this might not necessarily play out, it is one of the altcoins to keep on the radar. Retailers and institutional investors seem to be expanding their portfolios ahead of its next leg up.
Conclusion
Ethereum might experience further downswings after retesting $2,400, while TRON eyes more gains. Meanwhile, DTX Exchange is on whales’ radars, promising to revolutionize the global trading scene and go on price discoveries. With an opportunity to become an early adopter, we recommend checking out the presale.
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