The crypto market took a big hit, with sentiment largely bearish and cautious. Bitcoin (BTC) briefly fell below $50,000, a level last seen in February. Altcoins were hit the hardest, notably Conflux (CFX) and Gala (GALA). On the bright side, there are huge discounts up for grabs.
Meanwhile, whales have been bidding high and betting big on a few presale tokens, hoping to skirt market turbulence and position for significant gains. One such is DTX Exchange (DTX), a new exchange-based altcoin. Its novelty as a hybrid protocol that integrates the best features of CEX and DEX and its growth prospects drive demand and fuel interest.
What you'll learn 👉
DTX Exchange (DTX): Boasting Remarkable Upside Potential
DTX Exchange (DTX), a new hybrid exchange platform at the crossroads between TradFi and DeFi, is the latest on whales’ radars. Its solid fundamentals will see it transform the $10 billion global trading market, prompting investors to bet big on the ongoing presale. In round two of the ICO, $1.2 million has been raised, hinting at confidence in its potential.
A token currently costs $0.04 but will be $0.06 in the third round of the ICO. This low price is another layer of its appeal, as well as its significant upside potential. Top analysts project a remarkable 65x rally after its market debut and listing on Tier-1 exchanges, making it a new DeFi project not to miss out on.
Besides the projected gains, its hybrid approach makes it a strong contender in the rapidly evolving trading industry. It will serve as a one-stop platform where users can access several asset classes across crypto, stocks, bonds, commodities, forex and equities. Interestingly, traders can enjoy up to 1,000x leverage on select assets and no KYC requirements.
Conflux (CFX): Decline Below Key Price Levels
Conflux (CFX) is a Layer-1 blockchain that powers decentralized applications (dApps), Web3 infrastructure and e-commerce. The Conflux network is more scalable than many existing protocols and more decentralized and secure. Further contributing to its appeal are its low transaction costs and lightning speed.
However, it nosedived over the weekend and earlier this week, part of a broader market downturn. It touched $0.1, a level last seen in the final quarter of 2023. Since its March high of $0.5, the Conflux token has been in a steep decline.
Despite this recent scare, savvy investors have been buying the dip ahead of the next leg of its bull run. Conflux crypto has been tipped to rally above $0.4 before the month’s end, making it an altcoin to watch out for.
Gala (GALA): Gearing Up for a Bounce
Gala (GALA), a Web3 ecosystem powered by a Layer-1 blockchain, is built to power Gala Games and the entire entertainment ecosystem. On a mission to empower users and creators across industries, it aims to become the first billion-user blockchain in the world.
It nosedived like the rest of the crypto market and broader financial landscape, retesting levels last seen in quarter 4 of 2023. However, the worst seems to be over, with a bounce already unfolding.
The coming days will likely usher in a bigger bullish wave. Top analysts project a bounce in the prices of cryptocurrencies, including the Gala token.
Conclusion
The wider crypto market decline didn’t spare any top altcoins, with Conflux and Gala tumbling. Meanwhile, whales have been shifting their attention to DTX Exchange. This upcoming crypto combines the best features of CEX and DEX and aims to reshape the global trading industry. With adoption imminent, it is a new DeFi project to watch out for.
Visit the official DTX Exchange (DTX) website for the latest updates and information.
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