The crypto industry, despite being in its infancy, is rapidly growing. Its decentralized approach continues to reshape the outlook towards everyday finance. While Binance Coin (BNB) and Uniswap (UNI) are popular figures in DeFi, DTX Exchange (DTX) has emerged as a strong contender.
This new player stands at the intersection of traditional and decentralized finance, aiming to bridge the gap between both. Additionally, it will combine the best features of centralized and decentralized exchanges, meeting all trading needs.
DTX Exchange (DTX): A Hybrid Trading Platform
DTX Exchange (DTX) takes a hybrid approach to trading, challenging the dominance of BNB and Uniswap (UNI). Its one-stop platform will combine features like wallet-based trading, non-custodial storage solutions, an intuitive user experience and distributed liquidity pools, among others.
Taking a unique path from existing players, it is set to reshape the $10.3 billion global trading scene. It will allow the trading of over 120,000 asset classes, bridging the gap between TradFi and DeFi. Its vision remains financial inclusion and global accessibility to markets and assets, painting a bullish picture.
Other standout features will be its 1,000x leverage on select assets, copy trading and advanced trading bots. As it prepares to shake up the crypto trading space and the wider financial landscape, the ongoing presale presents a low and good entry.
Over $6.7 million has been raised and in the fourth round of the ICO, a token costs just $0.08. On track for a 45x gain post-launch, it is arguably the best new crypto to invest in.
Binance Coin (BNB): A Leading Altcoin
Binance Coin (BNB) is a top 5 cryptocurrency, ranking behind only Ethereum on the altcoin list, besides stablecoins. It plays a key role as an exchange-based token, powering the entire Binance ecosystem, including the centralized exchange and the BNB Smart Chain.
A popular figure in DeFi, BNB is among the best altcoins. Some of its key functions include payments, exclusive token sales and participating in launchpools. Since its launch as an ICO in 2017, it has become one of the top altcoins.
Following the recent market downturn, the BNB coin price tumbled over 6% on the weekly chart, retailing above $560. However, it gathers momentum on the daily chart. Moreover, TradingView’s commodity channel index (20) is at −120.2, hinting at a price bounce.
Uniswap (UNI): A Shift from CEX
Uniswap (UNI) is another leading player in DeFi alongside Binance Coin (BNB). It is a popular decentralized trading protocol for the automated trading of tokens—an automated market maker (AMM). It aims to improve the efficiency of trading by taking a different approach to traditional centralized exchanges.
Like the rest of the market, Uniswap (UNI) trades downward on the weekly chart—an 8% downturn. However, in the daily timeframe, the Uniswap price is up by over 2%, retailing above $7.2. Aiming for a breakout above $10, it is among the altcoins to watch.
Moreover, bullish indicators like the MACD level (12, 26), which is at 0.082, and the simple moving averages (10) at 7.682, suggests further upswings. It is on investors’ radars as a result.
Conclusion
DTX Exchange’s (DTX) hybrid approach to trading has captured market interest, pushing it above $6.7 million in early funding. It aims to bridge the gap between traditional and decentralized exchanges while combining the best elements of CEX and DEX. Aiming to challenge the dominance of Binance Coin (BNB) and Uniswap (UNI), it is a new DeFi project to watch.
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