The beginning of this month brought many well-known cryptocurrency projects to vulnerability in a short period of time. Among the many affected networks, Toncoin (TON) and Avalanche (AVAX) also experienced high volatility and failed to recover. On the other hand, the staggering deFi sensation DTX Exchange turned heads with its revenue sharing model and hybrid trading.
Toncoin (TON) On-Chain Metrics Predict Major Crash
According to expert analyst Gerhard, Toncoin (TON) is headed for a major crash after dropping a whopping 10.31% in the past 7 days. Based on the weekly performance chart, the Toncoin (TON) network could suffer further damage as market conditions show more turbulence, dragging down Bitcoin (BTC) and other major giants.
Gerhard analyzes Toncoin (TON) market dynamics, increasing speculation and other factors affecting the altcoin’s performance. His insights included cautious yet optimistic views on the Toncoin (TON) network potential amid the recent market developments. Although its market capitalization currently stands at $13 billion, Toncoin (TON) may face some challenges before recovery.
While the analyst’s statements about the Toncoin (TON) network may add spice to the ongoing volatility, it goes without saying that Pavel Durov’s arrest did contribute to the project’s sudden outflow. As Toncoin (TON) shows no signs of recovery, investors are getting impatient and moving to other altcoin projects to secure investments.
Bitcoin (BTC) Turbulence Affects Avalanche (AVAX) Key Support
As the leading destination for deFi solutions, Avalanche (AVAX) has made many investors believe in its potential amid broader market sentiment. However, the market volatility had Avalanche (AVAX) on its target radar. Avalanche (AVAX) is down a whopping 6.27% over the past seven days, bringing its trading value to $21.86 today.
As Avalanche (AVAX) is known for facilitating dApps creation, high transaction output and robust scalability, its sudden price drop raised concerns among the investor and analyst community. Avalanche (AVAX) dropped from its weekly $24.70 to a worrying $21.70, which is critically below the key support level.
Unclear about the future prospects of Avalanche (AVAX), some experts think that the altcoin could lead to further downturns and fall below the $20 mark, with many planning to exit the network and sell their holdings. This user activity will add to the ongoing bearish sentiment and increase selling pressure on Avalanche (AVAX).
DTX Exchange Testnet Debut Brings Bullish Presale to Prominence
While Toncoin (TON) is heading for more volatility and Avalanche (AVAX) is falling below key levels, the DTX Exchange (DTX) has surpassed the status quo with its state-of-the-art hybrid exchange. This deFi platform offers a highly rewarding revenue sharing model with its users so that they can secure profitable positions in the form of DTX tokens amid market speculation.
After the successful launch of DTX Exchange’s Testnet platform, many investors, traders and developers from other exchanges have been seen flocking to this emerging deFi platform. The sudden surge in demand has skyrocketed DTX Exchange to become the best-selling pre-sale of 2024, dominating established altcoins such as Toncoin (TON) and Avalanche (AVAX).
DTX Exchange defies market sentiment with massive rally
The platform features reduced trading fees and transparency to avoid the fee pattern followed by traditional trading platforms. At the time, these fees used to eat into traders’ profits and significantly deter potential investors. DTX Exchange offers distributed liquidity pools to improve liquidity and reduce slippage to deliver an efficient trading experience.
This hybrid model exchange takes decentralization to another level by reducing trading risks. DTX Exchange removes the trade barrier by taking out the counterparty risks and letting the platform act as an intermediary between buyers and sellers, enabling them to trade conveniently and risk-free.
As the DTX Exchange Presale Round 3 gains momentum, it is poised to break all presale records. That said, the project has already raised a record-breaking $2.5 million and is aiming for $1 in the long run.
Learn more:
Buy Presale
Visit DTX website
Join the DTX community
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
UnCirculars – Cutting through the noise, delivering unbiased crypto news
