After a bullish altcoin week, Chainlink (LINK) and Near Protocol (NEAR) experienced investor scrutiny and significant price correction that has caused a reduction in their volumes from last week’s highs. Both the cryptos are down to previous price levels as the pump has failed to sustain the bullish forces and continue an upward trend.
Many holders opened weekly positions in Chainlink (LINK) and Near Protocol (NEAR) but this price dip has pushed them to invest in a safer avenue DTX Exchange (DTX) for high-flying gains. DTX platform shifts the focus of global traders to its cutting-edge schemas and promises high returns once the presale concludes.
Short-Term Sellers Fuel Chainlink (LINK) Decline From $11
One of the top gainers in the list market rally was Chainlink (LINK) with 8.4% weekly gains. The crypto token enjoyed huge community support for its RWA strategies and increasing scalability amid a collaboration with Soneium to enhance the decentralised application (dApp) ecosystem of the Ethereum layer-2 solution.
However, the short-term holders are instantly cashing out after the Chainlink (LINK) price is facing strong resistance at the $11 level. While the bullish goal is clear, the 21% drop in transactional volume indicates lower interest in Chainlink (LINK) by big whales, making it difficult for the crypto to outpower the bearish sentiments around its price trajectory.
Near Protocol (NEAR) Price At Risk of More Downside Rally
Near Protocol (NEAR) has been the top-performing AI crypto amid a bullish market rally following the BTC price surge. The primary reason for a promising spike in the Near Protocol (NEAR) was the hype of the Nillion partnership to increase blockchain’s privacy and efficiency and NVIDIA’s 8.15% rising stocks.
While Near Protocol (NEAR) surpassed the $4 threshold in the wake of bullish forces successfully, surging selling and dropping investor interest have made a resistance wall for its price rally. The 7.3% volume drop indicates that Near Protocol (NEAR) might face a hard time in the upcoming weeks with significant downside potential to retrace below $4.
Hybrid DTX Exchange (DTX) Charges Up With Best TradFi Tech
DTX Exchange (DTX) has introduced top-notch trading features to revolutionise the conventional trading ecosystem and drive traders to new levels by equipping them with high-performing tech and end-to-end solutions. The addition of artificial intelligence and real-time analytics offers traders a unique chance to outshine conventional traders.
Moreover, advanced risk management tools, quant and algo trading, the first-ever hybrid layer-1 blockchain, automation and machine-based trading, KYC-free onboarding, and passive income strategies have made it easy for traders to enjoy a robust ecosystem with no external applications required. DTX Exchange has the power to maximise profitability with no gas fees and top-tier features.
$2.6M Presale Rally Makes DTX Exchange The Top 2024 Buy
The global scope of DTX Exchange (DTX) and the inclusion of 120,000+ financial assets across stocks, cryptos, bonds, equities, and CFDs have made it a go-to crypto for traders around the globe. The presale has surged past the $2.6M milestone, attracting big money to enter stage 4 soon.
DTX Exchange (DTX) is a top contender for DeFi dominance as it holds the true potential to innovatively develop with time and stay relevant with extensive use cases and deflationary tokenomics. Available at $0.06, analysts hail this as the prime time to enter low and enjoy explosive returns after the DTX tokens hit CEX platforms by the end of 2024.
Conclusion
As Chainlink (LINK) and Near Protocol (NEAR) face a drop in investor activity and a brief price correction from last week’s upper levels, the cryptos have lost traction as profit-yielding buys. DTX is quickly becoming the go-to platform for traders seeking exponential growth and innovation, positioning itself as the next big crypto to watch in 2024.
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