The DTX Exchange has defied market sentiment by portraying bullish rallies amid the market downtrend. The just-ended downtrend has affected the majority of well-established and high-ranked altcoins, plunging their prices to critical levels. As of yet, Litecoin (LTC) and SUI investors are selling off assets to diversify their portfolios with DTX.
Opening today at $60.8 trading value, Litecoin (LTC) has dramatically hit rock bottom in the past few weeks as Bitcoin’s price dip had affected the broader market sentiment. Given that the Bitcoin price was facing challenges in maintaining an upward trend after the Spot ETF approval, Litecoin (LTC) also saw a sharp decline in its price.
Witnessing a sharp decline in recent weeks, Litecoin (LTC) is struggling to meet buying demand. As of the last 7 days, Litecoin (LTC) has dipped by another 7.44%, raising questions about its reliability in the long run. The 24-hour trading volume of the Litecoin (LTC) network has surprisingly taken off by 15% in the last 24 hours.
With the bearish market sentiment on the rise, it appears a difficult short-term trend for the Litecoin (LTC) community. Also, the decline in selling price will drive further outflows as the selling pressure increases for Litecoin (LTC). Investors are increasingly moving out of the Litecoin (LTC) network to land secure and high ticket profits for maximum gains.
Sui (SUI) isn’t among the very bright cryptocurrency projects to store your capital in the ongoing bearish market sentiment. While the SUI altcoin has recovered by a decent 12.1% in its trading value in the last seven days, it is still vulnerable to the ongoing bearish market trend. As a layer-1 blockchain project, SUI did have surprising beginnings but soon became slowpoke.
Although many investors have shown interest in the SUI network because of its huge market cap of $2.49 billion, it still appears that SUI might face further downfalls amid the rising selling pressure in the market. With investors exploring other altcoin projects to seek shelter in, SUI is facing massive outflows in the network.
The future outlook of this altcoin project appears to be a bit shaky, with traders unsure of the SUI network’s performance pattern based on its recent technical indicators. The SUI network has also recently received pushback from its 24-hour trading volume, which dipped by an alarming 2% at the time of writing.
The layer-1 protocol has moved the market whales as its presale makes noise with a massive $2.55 million rally, outshining crypto giants like Litecoin (LTC) and SUI. More and more investors are inquiring about this emerging DeFi opportunity as it has gone viral after raising $2 million in a private seeding round and over $100,000 in a single day.
The DTX Exchange (DTX) is a hybrid trading platform built on the Ethereum blockchain. It offers lightning-fast execution speeds, with an average of 0.04 seconds. With such speeds, DTX Exchange lets its users book profits while its competitors are still waiting for their turns. DTX Exchange deploys such speeds by incorporating state-of-the-art infrastructure in its blockchain.
The platform also offers up to 1,000 leverage, which supercharges investors’ trading potential by amplifying their gains while minimizing risks. The platform empowers traders to control large positions with minimum capital, opening various opportunities to secure high-ticket profits and benefits.
As this viral platform makes headlines, numerous crypto lovers and analysts have taken to their social media handles to talk about this lucrative opportunity. Recently, a trader labeled DTX Exchange as the ‘money-making machine of 2024’. With its presale round 3 completing before time, the platform is set to sell DTX tokens for $0.08 in the next round.
Learn more:
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. Times Tabloid is not responsible for any financial losses.
Blockchain technology is steadily evolving, paving the way for innovation and offering lucrative opportunities to…
As Toncoin struggles to rebound from a notable dip, with its value locked showing a…
The notion of XRP reaching $100 is still being propagated by several analysts and experts…
Kaspa’s price has dropped 3% in 24 hours, continuing a week-long decline, while Ethereum struggles…
Investors keen on identifying the leading cryptocurrencies for 2024 are closely watching Bitcoin, Uniswap, and…
Singapore, Singapore, 17th September 2024, Chainwire