Crypto enthusiasts are constantly anticipating changes in price movements for the digital assets they hold. This time, XRP and Avalanche (AVAX) holders have their eyes fixed on the presale coin DTX. Here’s why.
New DeFi projects join the market every time to little fanfare. However, the entrance of DTX with a public presale ICO has introduced its novelty and potential to diverse investors in the market. DTX Exchange (DTX) is a decentralized investment access protocol offering TradFi and DeFi investments under one roof.
DTX, riding on its blockchain technology, offers its users advantages such as increased security, transparency, and privacy with its non-custodial wallets. Furthermore, it provides unprecedented trade execution speeds, enhanced liquidity, and global access.
DTX public presale has been going on for a while and is now in its second round. According to the DTX white paper, it will go through several presale rounds before listing on crypto exchanges. Further, the whitepaper outlines its vision and roadmap to attain its goal of being the most preferred trading platform for all investment products. It intends to achieve this by continued platform development, launching a mobile app, and introducing staking and governance rewards.
Early investors have reaped a 100% profit as its price moved from the introductory $0.02 to $0.04. Crypto enthusiasts subscribing to DTX in the current presale round anticipate a 200% gain when it launches on DEXs at $0.12.
These profit prospects cause XRP and Avalanche (AVAX) holders to jump to DTX.
Despite its ongoing lawsuit, XRP displays flashes of hope amidst its prolonged stagnation, enticing enthusiasts to buy XRP. However, in the last week of May, XRP crypto price shed, falling from $0.55 to $0.52 as long-term holders moved to alternative tokens after selling their holdings following a profit-taking spree after a mild XRP crypto price uptick.
XRP holders maintain a bleak outlook, expecting a continued drop in XRP crypto price. Historical analysis shows that XRP performed poorly in June of last decade, and experts do not foresee a change this year. Consequently, XRP investors have opted to invest in other tokens, such as DTX, in search of profits.
Technical analysis indicates that XRP is relatively stable. However, experts advise caution when buying XRP, with price predictions indicating a likely fall to its solid support of $0.5.
Avalanche (AVAX) struggles to recover from bearish pressure. Strong resistance points in AVAX price have seen investors abandon it as it fails to rise to expected levels for a cryptocurrency of its stature.
Avalanche (AVAX) soared in May, pumping 35% from $30.68 to $41.69 as bulls pushed the price above a descending channel to regain dominance. However, Avalanche (AVAX) bears took back the reigns when AVAX reached the market top, as investors cashed in their profits, leading to an AVAX price drop.
With AVAX price at $36 at the start of Q3, experts suggest a bearish market sentiment. Avalanche (AVAX) on-chain analysis shows falling network activity, pushing analysts to predict a continued drop to $30 by Q4.
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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