The United Arab Emirates (UAE) is emerging as a hub for blockchain technology and AI technology. Blockchain development services are utilized within all sectors including lifestyle, finance, healthcare, and automation, to enhance efficiency, transparency, and user security protocols.
In Dubai, the TOKEN2049 event was held from April 18-19 which achieved unprecedented success. Despite abrupt weather conditions, 10,000 attendees were treated to diverse panel discussions, speeches, workshops, and exclusive networking opportunities. The event primarily focused on blockchain, AI, and Web3 technologies.
Arbitrum Price Fails to Rebound Amid Surging AI Hype
Arbitrum is a leading AI crypto that has shown impressive price performance in its early days. However, despite the increasing demand for AI and BOLD testnet of Arbitrum, the token failed to close significant price breakouts. Arbitrum price is down following the token unlock event of approximately 92.65 million ARB tokens were distributed which led to sell-offs and increased volatility.
Arbitrum is witnessing a sluggish price momentum with its price down by 10.7% on the weekly chart. Given the bearish trendline for Arbitrum, the token is expected to face further price drops below $1. Trading at $1.01, the price has surged by 2% in the last few hours but analysts anticipate it a minor spike followed by a potential price dip.
Chainlink (LINK) Price Breaks Below Key Support Levels
Chainlink is also a leading figure in the crypto world with its prospects of tokenization of real-world assets. Despite many global projects switching to tokenization narratives, LINK price has failed to show massive price breakouts. LINK price has witnessed a disappointing trendline in 2024, with bears taking the token’s lead.
LINK price is down by 13% on the intraday chart, dropping below $13. Analysts project the LINK price to drop below the lowest price point of 2024, a prediction supported by the dip below 23.60% Fibonacci level. While the LINK price has failed to sustain the above key supports, blockchain enthusiasts seek another promising blockchain project with massive upside potential.
DTX Exchange Presale Surpasses $485k as Blockchain Enthusiasts Invest
DTX Exchange (DTX) has shocked the trader community with its unprecedented features and innovative trading solutions. Despite being in the pre-launch stage, the project has gained global traction through its mind-blowing 1000x leverage which offers traders a chance to secure higher market positions and make profits with low funds.
Investors eye DTX Exchange as a low-fee platform with unparalleled trading solutions. The exchange offers all-in-one features and security protocols through blockchain utilization including non-custodial wallets, multi-tier accounts, distributive liquidity pools, and most notably access to 120k digital assets in a diverse range of markets including forex, cryptos, equities, and stocks.
The project’s relevancy and demand are surging, evidenced by its staggering ongoing $486,000 presale stage 2. The project closed its early rounds of presale much faster than expected. DTX token can cross $1 once it goes live in the main market with massive upside potential. Analysts are optimistic about its trajectory in the growing demand for blockchain technology.
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