In a sudden turn of events, two popular altcoins, Near Protocol (NEAR) and Arbitrum (ARB), have witnessed huge losses that have wiped out their months of gains. While Near Protocol (NEAR) and Arbitrum (ARB) buckle under intense market pressure, DTX Exchange (DTX) is gaining attention, offering high leverage, diverse trading options, and a user-centric experience.
Arbitrum (ARB) Price Hits All-Time Low
Arbitrum (ARB) has not fared any better, with the altcoin experiencing a dramatic 30% drop in the last 24 hours. This decline has driven Arbitrum (ARB) to an all-time low of $0.44, starkly contrasting its earlier performances. The steep fall indicates broader market conditions, severely impacting the Layer 2 (L2) token.
The plummeting price of Arbitrum (ARB) has been accompanied by a surge in trading volume, which has taken off by 151% to $589 million. This highlights a significant sell-off as investors abandon the project.
The inverse relationship between Arbitrum (ARB) price and trading volume signals a negative divergence, pointing to an increasingly bearish outlook. The intensified selling pressure on Arbitrum (ARB) is further supported by a 200% spike in its derivatives trading volume and a 30% drop in open interest.
Near Protocol (NEAR) Dips By 26% In One Day
Near Protocol (NEAR) has seen its value decrease by 26.1% in the past 24 hours, leaving the NEAR/USD price at an alarming $3.24. This sharp decline continues the downward trajectory Near Protocol (NEAR) has been on over the past week, with a significant 12.0% drop from its previous value of $5.94.
The rapid depreciation has sent shockwaves through the Near Protocol (NEAR) community as investors and traders deal with the uncertainty of its future performance. The volatility of Near Protocol (NEAR) is evident in the Bollinger Bands, which show high fluctuations in its price over the past 24 hours compared to its movements in the last week.
The widening of these bands indicates heightened volatility, reflecting the market’s apprehension. Compounding the issue is the 26.0% decrease in trading volume for Near Protocol (NEAR), suggesting a lack of buyer interest despite the falling prices.
DTX Exchange Pulls ARB & NEAR Investor Community
In contrast to the downfall of Near Protocol (NEAR) and Arbitrum (ARB), DTX Exchange (DTX) is rising rapidly, claiming its alias as a game-changer in the cryptocurrency market. With a hybrid platform offering insane features, DTX Exchange is capturing the attention of traders who seek to capitalize on market opportunities amid the turbulent sentiment.
The exchange’s ability to provide up to 1000x leverage empowers traders with the tools they need to maximize profits and minimize risks. DTX Exchange boasts access to over 120k+ assets across various markets, including Crypto, Stocks & Bonds, Forex, and Commodities, making it a one-stop shop for high-velocity trading.
DTX does not require KYC, resulting in an easy and user-friendly experience that allows traders to focus on what matters most: executing profitable trades. The ongoing presale, which has already raised over $1.22 million, clearly indicates the market’s confidence in DTX Exchange.
Investors Pump DTX’s Booming Presale to a Whopping $1.22 Million
As Near Protocol (NEAR) and Arbitrum (ARB) struggle to regain ground, DTX Exchange is taking over the altcoin market. With its cutting-edge technology, including distributed liquidity pools and a non-custodial wallet, DTX offers traders groundbreaking control and flexibility.
The future looks promising for DTX Exchange, with analysts predicting continued growth as more traders flock to its platform, seeking refuge from the volatility that has plagued traditional altcoins like Near Protocol (NEAR) and Arbitrum (ARB).
DTX Exchange’s impressive performance and unique offerings set new standards in a market where numbers speak louder than words. As traders seek alternatives to the diminishing returns of Near Protocol (NEAR) and Arbitrum (ARB), DTX Exchange offers investors up to 1,000 leverage, reduced trading fees, governance votes, 25X gains, and more enticing benefits.
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