DTX Exchange’s presale rally has become a blue moon in the crypto space thanks to its presale performance! The platform has been gaining traction ever since its emergence. The recent testnet launch has acted as a booster, further intensifying the buying frenzy for the DTX token.
This has made DTX Exchange a threat to various altcoins especially Polygon (MATIC) and Avalanche (AVAX). As Polygon (MATIC) continues to struggle with bearish pressure, DTX continues to draw MATIC investors.
Avalanche (AVAX) investors are also seen jumping on the DTX bandwagon, as the platform continues to soar. AVAX investors have long been waiting for a breakout, however, the wait has been in vain. Thus, DTX is now being called an altcoin killer!
Analysts Claim Polygon’s (MATIC) Market Situation Remains Bleak
The Polygon (MATIC) community is left confused as the native token faces significant price challenges despite a recent surge in on-chain activity. Though the market conditions for the token are still dire, some analysts think that the increasing network activity may indicate a reversal.
According to Santiment, Polygon (MATIC) had a significant network surge. A substantial transfer of previously dormant Polygon (MATIC) tokens and an increase in the number of addresses interacting with the network are other contributing factors to this rise.
Onchain data presents a little more nuanced image. The address activity dropped dramatically from 1.6 million in the final week of July to about 70,000 by the end of August, a 50% decrease, according to Polygonscan statistics.
In a similar vein, there are now only roughly 3 million daily transactions as opposed to 5 million in March. It peaked in the latter part of August. These figures highlight Polygon’s (MATIC) difficulties, even while on-chain measures show that the network is still very much alive. Considering these circumstances, investors prefer DTX over Polygon (MATIC)!
Avalanche (AVAX) Poised for Steeper Declines
Avalanche’s (AVAX) monthly price chart has only seen lower lows with a 16.8% plunge. After another intra-day decline, Avalanche (AVAX) is currently trading at $21.88. With Avalanche’s (AVAX) market cap on a downtrend and 24-hour trading volume surging by 72%, investors appear to be abandoning Avalanche (AVAX) for good.
Even the AVAX/USD daily chart is painting a bearish picture as Avalanche trades below the 50-, 100-, and 200-day EMAs. Technical analysis reveals that Avalanche’s (AVAX) RSI in the lower neutral zone and MACD Level flashes sell signals.
Market experts reveal that Avalanche (AVAX) is unlikely to make a recovery any time soon. Bears have taken complete control of the altcoin and the price is expected to stoop lower. AVAX investors are therefore shifting to DTX Exchange as a hedging, to counter their losses.
DTX Exchange (DTX) Surges Following The Testnet Launch
DTX Exchange has raised over $2 million in funding since it launched, grabbing established altcoin investors like Polygon (MATIC) and Avalanche (AVAX). Market analysis reveals that MATIC and AVAX are still stuck in the range.
New investors get several advantages by taking part in the presale because of DTX’s remarkable user engagement and token utility. Discounted trading fees for token holders promote involvement and lower transaction costs. Moreover, owning DTX tokens unlocks premium features (priority customer assistance, enhanced analytics) that entice users to purchase platform equity.
Furthermore, DTX Exchange just launched its testnet, marking a significant step toward the website’s final launch. Users can test out elements in a real environment, such as trading activities, exchange operations, or token usages and trade, within a simulation that replicates the entire experience.
In this context, it’s no surprise that those projects offering actual utility – such as DTX Exchange – will tap into greater appeal than the more speculative nature of the established altcoins.
Key Takeaways
DTX Exchange surpasses a $2 million raise, driven by strong token utility, including discounted fees and premium access. In contrast, Polygon (MATIC) and Avalanche (AVAX) remain rangebound, reflecting market indecision.
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