While every large-cap cryptocurrency is bleeding in the market correction, low-cap names perform extraordinarily. DTX Exchange (DTX) is one of the small-cap coins that has tripled from its initial price and is continuing its trend upward, beating leaders like Binance Coin (BNB) and Ethereum (ETH).
One of the reasons for the price appreciation in DTX is their recent testnet launch, which is the trailer for the mainnet launch that is poised for next month. Ethereum (ETH) and Binance Coin (BNB) investors are also waiting for the DTX launch because they are holding DTX tokens from the initial stages, and experts’ predictions of a price reaching $2 are keeping the hope up.
Breakout Failure In Binance Coin (BNB): Will It Recover?
Binance Coin (BNB) has been on the breakout coins list in the last week, but the market’s wrath has pushed the Binance Coin (BNB) back to the $542.95 level, making the 19th August breakout a failure. However, the demand has come around the $530 level, and if the price succeeds in climbing to the $600 level, this breakout failure could be a mere retest for Binance Coin (BNB).
Despite the chances of recovery, some of the Binance Coin (BNB) investors booked their positions and shifted to the DTX Exchange (DTX) before it proceeded to the fourth presale phase. The move from Binance Coin (BNB) investors is because DTX’s price will rise to $0.08 in the 4th phase, making investing now easy money.
Ethereum (ETH) Bear Flag Breakdown, Another Downleg For Leader?
Ethereum (ETH) is trading at $2,553.8, an increase of 3.62% in the last 24 hours. However, this could be just a profit booking from the bears because Ethereum (ETH) has dropped around 15% in the last few days. The good thing is that the breakdown on the bear flag wasn’t associated with big volumes and indicates lesser seller participation in the move.
Now, the Ethereum (ETH) price has started its journey to retest the flag, and this will be an important observation because if ETH fails to recover above the $2,700 level, it will negatively impact the price and probably could start another leg downward for Ethereum (ETH).
DTX Presale Taking Over Other Projects In a Short TimeÂ
The strong demand for the DTX Exchange (DTX) presale highlights the growing momentum in the crypto market. Investors from Ethereum (ETH) and Binance Coin (BNB) are diversifying their portfolios by adding DTX Exchange, while some coin holders have sold their positions due to weak price performance.
With its innovative platform structure and the testnet launch, DTX Exchange is expected to achieve even greater success after the launch. Features set to launch in October, like a passive income model and reduced gas fees, are poised to elevate DTX even further.
Even influencers, YouTubers, and Crypto experts have shared their opinions on DTX Exchange. One analyst posted a video predicting that DTX could become the number-one trading platform. DTX’s unique combination of CEX and DEX sets it apart, allowing users to trade FX, gold, and cryptos with leverage up to 1000x.
The platform has grown impressive, raising over $2 million in a private seed round and more than $1.9 million in the presale. Early investors see its potential, with the current token price at $0.06, which can moon after the launch.
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