The crypto market is heating up for a new parabolic rally and seasoned investors are shifting onto projects with the highest potential. One of these is DTX Exchange (DTX), a hybrid trading platform, in the making. What’s even more surprising, a renowned Shiba Inu (SHIB) analyst recently predicted that DTX Exchange will beat out prominent tokens like Toncoin (TON) and Avalanche (AVAX).
DTX Exchange (DTX): Bridging the Gap Between CEX and DEX
Designed to disrupt the $264 billion global crypto trading market, DTX Exchange’s hybrid Layer-1 blockchain merges centralized and decentralized finance. It’s a game changer for users not wanting to lose the ability to trade between centralized and decentralized assets, while having non custodial storage and wallet based trading.
Priced at $0.08 per token, this novel approach has taken its ICO beyond the $7 million mark in presale funding. DTX is preparing to list on Tier-1 exchanges, which market analysts forecast will lead to large growth.
Toncoin (TON) Faces Pressure Amid Competition
TON (TON) gained significant ground early in the year due to its tight link with Telegram, along with an increase in the number of mini‑apps. Still, a fall of 40% from its $8.23 June high is not an easy ride, particularly when its facing significant turbulence in the bullish market.
Weekly Toncoin Chart | CoinMarketCap
Trading below the $5 support, it has suffered many sell offs from prominent investors, bleeding red during the week.
Avalanche (AVAX) Slows Down Despite Positive Momentum
Decentralized applications developers favor Layer-1 Avalanche (AVAX), which has shown turbulent signals. The past month indicates volatile growth, and struggling to repeat the success of previous bull runs.
Monthly AVAX Chart | CoinMarketCap
Gaining 8% on the monthly charts, AVAX is trading above the $28 support level. Analysts are envisioning AVAX surging past $45 if the bull run continues.
Conclusion: Is DTX Exchange the Best 2024 Investment?
DTX Exchange can potentially revolutionize trading, making it a distinct investment for those looking at acquiring huge returns. DTX is a must watch for investors looking to ride the next wave of innovation.
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