BNB has been facing turbulence in the present bull run as the BNB price fails to leave impressive gains. Investors are drawn towards sustainable platforms that provide more growth potential as compared to BNB. Thus, DTX Exchange emerges victorious in the DeFi space due to its unprecedented growth.
The trading platform successfully raises $1 million in the presale stage 2. It has also crossed 6,000 wallets within a day, thereby breaking the records set by Uniswap (UNI). The market performance of DTX Exchange is being compared to Uniswap (UNI) due to its soaring momentum.
BNB Price Analysis: Bearish outlook for BNB price
BNB price fluctuates greatly as it breaks the local support of $568.60 on the hourly chart. Market experts suggest that if the daily bar closes below it, the decline may continue to the $560 zone tomorrow. If the closure happens below it, there is a good chance of seeing a test of the $540-$550 zone by the end of the week.
From the midterm point of view, the rate of BNB price has again failed to fix above the $585.30 level. If the weekly bar closes far from it, bears may again seize the initiative, which could lead to a drop to the $550 mark. BNB is trading at $567.30 at press time.
The daily chart of BNB price analysis reveals a mixed picture as it is an amalgamation of green and red candles. Moreover, the BNB price has shown an upsurge of about 9% within a week but failed to maintain an increase over a month. The BNB price chart over a month shows a decrease of 2.13%.
Uniswap (UNI) Battles Ongoing Price Declines
Uniswap (UNI) has established itself as a strong player in the bull market. It has shown exponential gains in the market, making it a precedent of growth and success. Therefore, emerging platforms are often compared to Uniswap (UNI), if they manage to perform well in the market.
However, Uniswap (UNI) has been facing turbulence in this bull run. The daily price chart of Uniswap (UNI) paints a mixed picture of gains and losses as it is a blend of red and green candles. The Uniswap (UNI) token is currently priced at $7.9.
Uniswap’s UNI token has seen a 10.23% drop as it reaches the current price. This decline is part of a broader trend, with the token’s price decreasing 19.0% from $11.06. Additionally, UNI’s trading volume has fallen by 15.17%, while its circulating supply has slightly risen by 0.08% to 753.77 million. Currently, with a market capitalization of $6.73 billion, UNI ranks 19th globally. The expanding Bollinger Bands on its chart indicate continued high volatility.
DTX Exchange (DTX) Sets A Precedent With $1 Million Presale Raise In Stage 2
DTX Exchange is gaining significant attention in the DeFi space due to its meteoric presale raise. The platform has readily raised $1 million in the second stage of its presale, only by completing 46% of the second stage. Market experts say that the platform is soon emerging as an unbeatable force in the DeFi sector.
The cutting-edge hybrid platform has gained momentum due to its 1000x leverage feature and advanced trading solutions, involving multi-tier accounts and distributive liquidity pools. It has transformed traditional trading schemas with the help of AI tools and Automation strategies.
The provision of non-custodial wallets reduces the possibility of any security breach and gives users complete control over their private keys and digital assets, making it user-friendly. DTX Exchange’s security protocols enable safe trading and dependable, quick transactions (less than 0.04 seconds). Thus, the platform is gradually becoming traders’ favorite.
Traders have access to the most comprehensive reference material thanks to DTX Exchange. It provides a multitude of graphs, charts, and analytical tools, enabling users to stay ahead of the curve and make the best decisions. As a platform with a licence, DTX strictly abides by operating policies to preserve the trading experience and traders’ digital assets.
Key Takeaways
DTX Exchange’s meteoric rise in the crypto realm has left the investors spellbound. The emerging platform is being compared to Uniswap (UNI). As BNB price faces volatility, DTX soars with a $1 million raise.
Learn more:
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.