DTX Exchange’s mega presale is catching the eye of major investors, including MATIC and SHIB whales, following its successful testnet launch. With over $1.2 million already raised and a target of $2 million by the end of August 2024, the platform is generating significant buzz in the crypto world.
DTX Exchange offers a unique hybrid trading model that combines decentralized and centralized exchange features, attracting both seasoned and new investors. In this article, we will discuss why DTX Exchange is becoming a hot topic among strategic investors.
What you'll learn 👉
MATIC price slips under $0.50 amid market volatility
The selling pressure is increasing this week with increasing liquidations in the broader market. Following last week’s recovery, Polygon shares the bearish trend with other top altcoins. As the supply grows, the MATIC price drops under $0.50 and warns of a $0.38 retest.
Following the bullish breakout of a falling channel pattern, the MATIC price failed to surpass the $0.60 peak. Last week, altcoin’s price jumped 27.43%, resulting in a massive bullish engulfing candle in the one-week chart.
However, the increased market volatility led to a quick downfall in Polygon. The growing bearish momentum quickly undermines last week’s recovery run and accounts for an 18.86% drop this week.
Furthermore, the MATIC price lost dominance over the $0.50 psychological mark, and the crypto price today is at $0.4256. In the daily timeframe, the MATIC price action reveals a series of five bearish consecutive candles, testing the broken resistance trendline.
Shiba Inu burn rate surges by 140,000%, Over 96 million tokens destroyed
After several days of recording less activity than usual, Shiba Inu (SHIB) burning program exploded once again. Data shows that the burn rate skyrocketed by almost 140,000% in the past 24 hours, resulting in over 96 million tokens sent to a null address.
It is worth mentioning that around 99% of the stash was destroyed after a single transaction approximately 10 hours ago. Further investigation reveals that the wallet has received funds from the crypto exchange Coinbase multiple times in the past, suggesting the owner could be a user of the platform.
Meanwhile, the address had been inactive for more than five months before burning the Shiba Inu (SHIB) tokens. Its latest transaction happened 154 days ago and included the swap of 0.2839 ETH ($715) on THORChain.
While the over 96 million Shiba Inu (SHIB) destroyed in the last 24 hours sound like a substantial amount, their actual USD equivalence is insignificant. However, continuous efforts in that field will make the meme coin scarcer and potentially more valuable in time (assuming demand stays the same or rises).
DTX exchange presale surges to $2M, Targets $3M by September 2024
DTX Exchange (DTX) presales have become famous in the crypto arena. It has already raised over $2M and could hit $3M before September 2024 ends. Demand is sky-high as DTX Exchange has reached Stage 3 in just a few short months. Even the well-known influencer Crypto Legends mentioned this rookie as a 90x crypto.
At its core, DTX Exchange will introduce a next-gen hybrid trading platform that can perform over 10,000 transactions per second. It will let people buy around 120K asset classes like cryptos, FX, and stocks at a leverage of 1000x in one place. Plus, no sign-up KYC checks will ensure that people are anonymous when trading.
The DTX utility token is a big part of its ecosystem. Holding it will get you smaller trading fees and better analytics tools. It is now worth $0.06 – a 200% rise from its beginning price. But, this value will jump to $0.08 after Stage 4 starts. Some experts even foresee a 90x surge after DTX gets listed on a Tier-1 CEX in Q3 of 2024.
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