Two major crypto events have led to a hoax in the community, triggering notable speculation. The downtrend of Fetch.ai (FET) amid phase 1 of the anticipated $7 billion token merger and a massive Tron (TRX) sell-off by the Tron founder.
After leading investors to switch investment avenues, DTX Exchange has stolen the spotlight with its surging presale demand. The emerging tradFi project promises to yield sky-high gains for early stakeholders as it anticipates a listing in Q4 of 2024.
Justin Sun Dumps 170 Million Tron (TRX) on Binance
The crypto community was shocked by the recent news of Binance which stated that the Founder of Tron, Justin Sun has moved 170 million Tron (TRX) tokens, worth $21 million. The dumping by the project leader caused massive speculation around the community, resulting in a 2% price decline combined with high volatility.
As the founder, Justin Sun’s actions carry considerable weight triggering participants to sell their holdings promptly to avoid potential losses. This also signals the lack of confidence in the future trajectory of Tron (TRX) by higher authorities. This lacking performance and insider’s fading confidence can further contribute to Tron (TRX) price losses.
Fetch.ai (FET) Slides After Rebranding in Merger Phase 1
Amid the first phase of the token merger, the delisting of AGIX and OCEAN for exchanges and the rebranding of Fetch.ai (FET) has caused notable volatility around the market. Moreover, with the lack of support from two legacy exchanges Coinbase and Kraken, the market chaos is triggering concerns about the prospects of ASI tokens after failing to onboard two notable exchanges.
Fetch.ai (FET) is now named Artificial Superintelligence Alliance with its previous ticker. Since July 1, the price of Fetch.ai (FET) has dropped from $1.44 to $1.22 signaling a 13% price drop. Amid this lackluster trajectory of the token merger, analysts call the next target of the FET price to be the $0.966 resistance mark if it fails to rebound.
DTX Exchange Buckles Up For $1 Million Presale
With a vision to transform traditional trading schemas, DTX Exchange (DTX) is emerging on top with its scalable and seamless trading solutions. DTX tradFi platform boasts a robust marketplace with the best features of CEX and DEX, offering gas-free trading, advanced automation strategies, and lightning-fast execution of transactions i.e. 0.04 seconds.
With its blockchain layer 1 solutions, it boasts a robust and secure infrastructure for global investors. Through the 1000x leverage feature and distributive liquidity pools, traders can enjoy an optimized trading experience with higher market positions and low capital. DTX Exchange offers full access to funds and private keys through non-custodial wallets and a no-KYC approach.
Emerging as the top ICO performer in 2024, the DTX token is priced at $0.04 in batch 2 of the public presale after raising a massive $820,000. Trading enthusiasts welcome the emerging all-in-one marketplace of DTX due to its hybrid nature and revolutionary offerings. DTX token is set to yield 25x returns after the price breakout beyond $1 after its anticipated Q4 launch.
Conclusion
Tron (TRX) and Fetch.ai (FET) are turning to the promising potential of DTX Exchange for gains amid market chaos. DTX Exchange encompasses all financial sectors in one platform where traders of different sectors can enjoy maximum profit margins. Investing in the DTX hybrid platform is the best choice to make right now before the flight takes off.
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 price dropped after Justin Sun dumped 170 million tokens while Fetch.ai (FET) declined amid token merger phase 1. Holders turn to DTX Exchange’s explosive presale.){kind=link}