The crypto market is witnessing several history-changing events but the broader economic turmoil is pushing altcoins in a difficult spot. With the arrest of Pavel Durov in France, the Toncoin (TON) price has crashed from $6.8 despite high support from industry voices about this being a political tactic to defend centralized finances.
Similarly, the ground-breaking achievement of Polygon (MATIC) by migrating their tokens to POL is dulled by persistent bearish pressures due to low whale activity. While all this turmoil is happening for Toncoin (TON) and Polygon (MATIC), an emerging trading platform DTX Exchange (DTX) has experienced a bullish surge in demand after its exceptional testnet performance for the first hybrid layer-1 blockchain.
POL Migration Fails to Trigger Breakout For Polygon (MATIC)
Polygon (MATIC) recently began to migrate its tokens to POL with the support of major exchanges including Binance and Coinbase. However, this major update is met with surging market volatility with its price failing to display a breakout. The community members are concerned about the price trend of Polygon (MATIC) which shows a 1% drop in a day.
The $0.4 resistance level is a solid barrier for the Polygon (MATIC) price as bulls don’t have enough strength to yield substantial returns. Despite a major achievement for the ecosystem with its token migration event happening, the trading volume is down by 43%. This signals that high-stake investors are shifting focus to other avenues for bullish gains due to the monthly underperformance of Polygon (MATIC).
Ali Martinez Predicts More Downfall for Toncoin (TON) Price
Toncoin (TON) was one of the most prestigious cryptos in late July and August, with its price rapidly rising to break past the $8 threshold. However, the arrest of its founder, Pavel Durov has disrupted its market processes, with investors dumping sums of Toncoin (TON) as many analysts paint a picture that the TON ecosystem won’t recover from this hard blow.
Moreover, Toncoin (TON) has lost a chunk of its market cap in the ongoing market turbulence, sliding on the ranking table according to CoinMarketCap. The TON crypto tops the decliner list with a 15.5% drop in the last 7 days. Ali Martinez has also voiced further downfall concerns for Toncoin (TON), signaling more liquidations for holders amid its falling trajectory below $4.6.
Testnet Debut: DTX Exchange’s Presale Rally Moonshots
DTX Exchange (DTX) moves ahead with bullish demand in the 2024 presale market as a major sensation with its top-notch features and advanced trading schemas. The platform takes steps forward to provide more for the trader community with leverage up to 1000x and other advanced automation and risk management tools for better market assessment.
The testnet debut of the first hybrid layer-1 blockchain has recently shocked and defied enthusiasts by processing 10,000 transactions per second, which is a major achievement for a project of this scale. By employing revenue-sharing models, DTX solves liquidity issues by encouraging users to contribute to its distributive liquidity pools and earn passive income.
Emerging as a hub of AI-based schemas, the DTX presale is experiencing a growth in demand after raising a mind-blowing $2.48 million in batch 3 of the public presale. The decentralized exchange with no KYC is set to disrupt the market after its mainnet launch, with predictions to surge from $0.06 to a new all-time high above $2.
Conclusion
DTX Exchange (DTX) is stealing the show, while Toncoin (TON) and Polygon (MATIC) crumble under surging bearish pressures. The stellar DTX testnet performance puts it ahead of the list of emerging giants, ready to become a game-changer in 2024 for sky-high gains.
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