Volatility and swift changes in trader sentiment are nothing new to the cryptocurrency market. Lately, however, there has been an exciting migration as whales ditch top DeFi coins such as Avalanche (AVAX) and Injective (INJ) for DTX Exchange (DTX). This Stage 2 presale star is showing great promise with its performance and may become the next $0.5 DeFi coin in 2024.
Avalanche (AVAX): Another Bank Joins This DeFi Project
Avalanche (AVAX) has long been one of the best DeFi coins. Recently, Avalanche announced that Misyon Bank had launched its new tokenization platform on its network. The first use case of this platform will be tokenized Turkish Eurobonds for individual traders.
This bullish Avalanche news may trigger a rally for this crypto. Speaking of which, the Avalanche crypto value grew over 150% in the past 12 months. Thus, market analysts foresee this DeFi coin trading at $50 before Q2 of 2024 ends.
Injective (INJ): First Comprehensive Paper Released
Injective (INJ) is another DeFi crypto that has recently made headlines. For example, Injective revealed the first-ever comprehensive paper on the INJ token. This paper explores the token’s mechanisms and utilities driving deflationary gains. With this development, more people will get familiar with this DeFi coin.
The Injective crypto movement has jumped over 300% on the YTD charts. Additionally, over 25 technical indicators are showing buy signals for INJ. As a result of all this bullish Injective news and indicators, experts in the crypto field predict its value may soar to $32 within Q2 of 2024.
DTX Exchange (DTX): Among the Top New DeFi Projects
DTX Exchange (DTX) is changing the DeFi market thanks to its hybrid trading platform that combines CEX and DEX. No other DeFi project does what it does for this reason alone—let alone the fact that it has impressive security measures built in. Over 120k asset classes (Forex, bonds, crypto, etc.) can be traded on DTX Exchange, which really makes it stand out.
The standout feature of DTX Exchange is undoubtedly its ability to provide 1000x leverage—significantly higher than most platforms even dream about. This is a game changer for traders because they can potentially make big profits with such high stakes.
The DTX utility token will power this DeFi project. Holding this token brings many perks, such as reduced trading fees and governance voting rights. Moreover, traders who own $100 worth of DTX in its presale enter a $1M giveaway where ten lucky DTX holders win $100K each.
All these benefits have made DTX Exchange raise over $600K in its presale so far, with projections of it hitting $1M before June 2024 ends. Currently, one DTX is worth only $0.04 in Stage 2 – a 100% ROI for all those who bought it early on. However, experts predict a jump to $0.5 once a Tier-1 CEX lists this DeFi coin in Q3 of 2024.
Why Are Avalanche and Injective Whales Switching to DTX Exchange?
Whales are shifting their attention from popular DeFi coins such as Avalanche and Injective to the DTX Exchange because of many factors. For example, DTX has a lower market cap and is tied to the $109T stock market. This means that this rookie DeFi coin will need far fewer new funds for its price to skyrocket and remain stable amid volatility.
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