DTX Exchange teases the arrival of the DTX Income Program, attracting more investment to the presale. In contrast, Notcoin (NOT) and Jupiter (JUP) face selling pressure due to their large airdrops.
What you'll learn 👉
Notcoin (NOT) – Will the value be ‘Probably Nothing’?
The viral Telegram Notcoin (NOT) clicking game was a nice airdrop for those who played along, with many users getting $100 or more for a few minutes of daily clicking and doing TON ecosystem quests.
However, the subsequent fall in the price of Notcoin (NOT) shows that the team is failing to keep up the momentum, or do anything to push the price of the token higher.
That’s not for lack of effort, and the team recently announced that Binance’s mobile self-custodial wallet Trust Wallet natively supports the buying and selling of Notcoin (NOT). They’ve also released infographics and text explaining how Notcoin (NOT) is truly deflationary, unlike many altcoins (and even Bitcoin) which are currently somewhat inflationary due to their locked supply.
While inflationary tokenomics are important, if the token has no use case or utility, all that people will experience is selling pressure.
At the launch of the clicker game, Notcoin (NOT) never promised to release a token, instead keeping it unknown and using the phrase ‘Notcoin – probably nothing.’ Hopefully, for those who didn’t sell their NOT airdrop, this isn’t an actual prediction for the price.
Notcoin (NOT) is down 14% on the weekly chart and 19.4% on the biweekly charts.
Jupiter (JUP) revolutionized DEXes but faces airdrop sell pressure
Another one of 2024’s biggest airdrops came from the Solana-based decentralized exchange Jupiter (JUP). Like DTX Exchange, Jupiter (JUP) is no ordinary DEX, as it aggregates liquidity from all over the Solana ecosystem.
And the recent V3 version of Jupiter (JUP) Swap brought lots of new functionality not usually found in DEXes, such as dynamic slippage (no more trying to buy a token then having to submit another transaction because the slippage has changed too much since you last loaded the page).
Jupiter (JUP) also allows bridging from different chains and supports futures trading and limit orders, giving traders the kind of flexibility they would expect from a CEX and more. They also allow people to set a dollar cost average “set it and forget it” system and have released JupSol – a liquid staking overcollateralized stablecoin.
Those key features are why Jupiter (JUP) is up on the weekly and monthly charts. However, over the last 24 hours, the coin is down 9.4%, indicating how sensitive it is to market volatility.
While Jupiter (JUP)’s product is a resounding success, the fact that the airdrop was so large means that there is a lot of selling pressure on Jupiter (JUP). Like Notcoin (NOT), for those that got in on the airdrop, it’s basically free money (well, minus the time and actions taken to become eligible), but for those buying in afterward, they are risking a big drop in the price at any time.
DTX Exchange raises over $100,000 after teasing a new feature
DTX Exchange recently announced its DTX Income Program, which has attracted some big investors to the project presale. This takes the total amount raised so far up to $1,148,497.
DTX is another challenger in the DEX space, bringing DeFi and TradFi together. Like Jupiter (JUP), they will use aggregated liquidity pools to ensure low slippage and quick trades. But DTX is taking it one step further, with an on-chain order book, offered by centralized exchanges such as Coinbase or TradFi platforms like TD Ameritrade.
The advantage is increased liquidity and transparency which makes trading fair and speedy. Especially since DTX is built on the Ethereum blockchain and therefore it’s not possible to falsely increase buy and sell walls.
By offering stocks, bonds, forex, and crypto all in one place, and with access to very high leverage, DTX Exchange (DTX) looks set to follow the success of Jupiter (JUP) by bringing the benefits of TradFi to DeFi.
But unlike Jupiter (JUP), DTX Exchange is doing a presale rather than an airdrop, which means there won’t be a lot of holders who got in for free waiting to dump on the price. Similarly, DTX has not offered any private funding rounds to VCs, so anyone getting in now is receiving the same price as the Venture Capital investors.
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