Avalanche (AVAX) has recovered from the recent bearish market trend and is trading near the $30 psychological. At the same time, Cardano (ADA) is still trading near the 52-week low. Both coins have shown bearish sentiments in the long term, and the possibility of reaching a new high isn’t easy right now.
Investors in Avalanche (AVAX) and Cardano (ADA) are seeking other opportunities amid this long-term correction. DTX Exchange (DTX) is a haven for investors as it has increased 300% in the last two months while other cryptos have struggled to hold their levels.
Avalanche (AVAX) Foundation Announces Token Buyback from Luna
The Avalanche Foundation is repurchasing 1.97 million Avalanche (AVAX) tokens sold to the Luna Foundation Guard (LFG) in April 2022, just a month before the Terra blockchain collapsed. Avalanche (AVAX) agreed to buy back these tokens for $45.5 million, even though their current market value is $57.4 million.
Originally, this sale aimed to support TerraUSD’s reserves, but the Terra ecosystem’s collapse changed everything. This buyback will reduce AVAX’s circulating supply, which could boost demand and raise prices. Additionally, institutional interest in Avalanche (AVAX) is growing, with Colombian neobank Littio switching from Ethereum to Avalanche.
Cardano (ADA) To Become Argentina’s First Legal Contract
Cardano (ADA) recently hosted its first legally enforceable contract, signed in Argentina under the country’s legal jurisdiction. The contract is a loan agreement between Cardano (ADA) ambassadors Mauro Andreoli and Lucas Macchia for 10,000 Cardano tokens (worth $3,380). They agreed on a four-month repayment period with 10% interest.
Both parties had the contract legally notarized, providing key details such as the network used, wallet addresses, and transaction ID. The document also listed their names, addresses, and identity numbers. These Cardano (ADA) smart contracts will help simplify commercial transactions by streamlining legal procedures.
DTX Exchange’s Staking Feature Attracting Investors
DTX Exchange (DTX) has been named one of the best projects of 2024 by various experts. DTX platform is bringing the centralized and decentralized features to one place by reducing fees and removing central governance from the system. These features have already been welcomed by investors by showing tremendous demand in the early presale phases.
However, the introduction of staking feature has doubled the demand in the DTX Exchange. DTX Exchange lets users earn upto 15% APY by staking their digital assets for a specific time. This gives users an easy way to grow their holdings while helping secure and maintain the network.
DTX Exchange is building a unified Layer-1 blockchain that connects traditional finance with Web3 products, offering a mix of both TradFi and DeFi. This all-in-one platform will support trading across more than 120,000 asset classes, setting the stage for widespread adoption.
DTX Exchange also brings cutting-edge trading features like 1,000x leverage, distributed liquidity pools, non-custodial wallets, and no KYC requirements. These tools are designed to make trading easier while helping users secure big profits in the volatile crypto market.
DTX has had a strong start to October, with impressive price gains during its ongoing presale. The platform has already raised $4.6 million, and DTX tokens are priced at $0.08. Experts expect the price to rise to $1 after the launch.
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