Avalanche (AVAX) and Worldcoin (WLD) are down 3% and 2% this week; both coins have been showing continuous bearish signs and are trading at the major support level. Due to the slide in price, investors are now shifting to a new project with unique benefits and an innovative business model with a potential of 10x in the future.
The new entrant DTX Exchange has been attracting investors all over the crypto communities, and with the slide in the crypto market recently, especially in Avalanche (AVAX) and Worldcoin (WLD), its presale has seen huge inflow.
Avalanch (AVAX), after rising to $40, is again corrected to its major support of $32. This month alone, it has dropped more than 11%, from $37.15 to $32. It is currently trading at the $32 level, which is a major support for the coin; it has bounced more than 5 times from the same level.
It is currently trading below all its key moving averages, a sign of bearishness. The RSI is 36.89, which indicates the bearish strength of the coin. We can see an upmove after some more correction in the oversold zone. The MACD is also below the middle zero line, indicating bearish pressure. All these bearish signs and price action have led Avalanche (AVAX) investors to shift towards the DTX Exchange.
Worldcoin (WLD) reached an all-time high of $11.84 in March; from there, it decreased by more than 60% and is currently trading at $4.002. This month alone, it’s down 17%, taking its price from $4.83 to $4.002. $3.90 is the immediate support, while $4.5 is the near resistance.
Recent news revealed that Elliott Suthers, who used to lead corporate communications at the U.S. cryptocurrency exchange Coinbase, has taken on a new role as the head of communications for Europe, the Middle East, and Africa at Worldcoin (WLD). It is an iris biometric crypto project founded in 2019 by OpenAI CEO Sam Altman. Suthers has a background in government policy in Washington, D.C., and joined Coinbase in 2018, helping the company grow and go public in the U.S.
The investors who benefitted from the early run of Worldcoin (WLD) have now shifted their capital into the presale of the DTX Exchange. While this positive news about management can hold the Worldcoin, the long-term outlook is still bearish.
The DTX Exchange is set to revolutionize the crypto exchange market with a fresh approach. By combining the strengths of both decentralized (DEX) and centralized exchanges (CEX), DTX aims to provide a secure and feature-rich trading platform.
In its initial fundraising efforts, DTX secured over $2 million in a private seed round and an additional $670,000 in a public presale within just a few days of the second round. The token price, currently at $0.04, is expected to reach $0.40 by 2024. Early investors, including those from Avalanche (AVAX) and Worldcoin (WLD), are anticipating significant future gains.
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Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
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