DTX Exchange is making waves in the crypto world by combining the strengths of centralized and decentralized exchanges. With an innovative hybrid blockchain, it has already raised an impressive $8.7 million in presale.
But what’s drawing attention is its appeal to DOGE and AVAX holders, who are seeing huge potential in this viral token. In this article, we’ll discuss why this famous token is quickly gaining popularity and why it’s becoming the go-to choice for both retail and institutional investors.
Dogecoin ETP launched on Swedish stock exchange, Expanding access to memecoin
Valour, a subsidiary of Canada’s DeFi Technologies, has launched the Valour Dogecoin (DOGE) SEK Exchange Traded Product (ETP) on Sweden’s Spotlight Stock Market.
DOGE, which boasts a market capitalization of $59.5 billion, currently holds the position of the seventh-largest cryptocurrency. Its popularity is fueled by a vibrant community and high-profile endorsements, including that of Elon Musk, who has become an unofficial spokesperson for the memecoin.
Musk’s relationship with Dogecoin has attracted significant attention, especially after claims surfaced that his tweets and public appearances, such as his 2021 appearance on NBC’s *Saturday Night Live* (SNL), contributed to a massive 36,000% surge in Dogecoin’s price over two years. During the SNL skit, Musk referred to DOGE as a “hustle,” which only fueled further speculation and volatility in the coin’s value.
How Avalanche works to solve blockchain problems
Avalanche (AVAX) is a special type of blockchain that tries to solve a big problem called the “blockchain trilemma.” This is the idea that blockchains can’t be fast, safe, and decentralized (with many people in charge) all at the same time. When this happens, things like high gas fees (the cost to use the blockchain) can happen, like what we see with Ethereum.
To fix this, Avalanche uses three different blockchains that work together:
X-Chain (Exchange Chain): This blockchain is used for creating and trading the main currency of Avalanche, called AVAX, as well as other assets. It works similarly to the tokens you see on Ethereum (like ERC-20 tokens).
C-Chain (Contract Chain): This blockchain is for running smart contracts and apps that don’t need a middleman, like many of the apps you use today. It has its special computer program (called the Avalanche Virtual Machine) to make these apps work, just like Ethereum has its own Ethereum Virtual Machine.
P-Chain (Platform Chain): This blockchain helps manage the network, track which groups of people (called validators) are working on the blockchain, and let new “subnets” (small groups of validators) be created. A subnet can handle different blockchains but can only handle one at a time.
As of today, Avalanche’s trading volume is over $1.4 billion, and the price of Avalanche has gone up 5.85% in the last 24 hours. Its current market value is $17.61 billion, and it is ranked number 10 on CoinMarketCap.
DTX Exchange: Revolutionizing trading with hybrid blockchain technology
DTX Exchange (DTX) is a hybrid platform that combines the best features of centralized (CEX) and decentralized (DEX) exchanges. Powered by its proprietary Layer 1 blockchain, DTX merges Web3 technologies with traditional financial systems to disrupt the global trading market, which is worth billions.
Having raised an impressive $8.78 million in its presale, DTX Exchange is poised for mainstream success. Starting at $0.01 per token, DTX has seen a 10x price increase across the four presale stages. Currently trading at $0.10, over 70% of the tokens in the 5th presale stage have already been sold. Investors will see a 20% price increase when the token price rises to $0.12 in the next stage.
Early investors can take advantage of a 100% bonus on their DTX purchase using the promo code “SELLSTAGE” at checkout.
Both retail and institutional investors are showing significant interest in DTX Exchange, with predictions of a potential $1 price tag at launch. This suggests that early backers could see a 100x return on their investment, making DTX tokens an exciting opportunity for those looking to get in early.
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