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Breaking News: Banks Can Soon Issue Stablecoins: FDIC Begins Rulemaking Under GENIUS Act

Worldcoin and ORDI Retest Critical Support Level; Why Are Analysts Bullish on This New Presale Token?

Bitcoinist
by Bitcoinist
Last Updated: August 6, 2024 7:00 am
·
Posted in Press releases
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The crypto market entered choppy waters, with Bitcoin (BTC) facing the largest decline in months. Altcoins aren’t faring any better; they are taking the biggest hits. Worldcoin (WLD) and ORDI (ORDI) retest key support levels, sparking concerns among holders and the wider crypto community.

Meanwhile, analysts are bullish on DTX Exchange (DTX), a novel hybrid protocol at the crossroads between TradFi and DeFi. Its impending adoption, not to mention its significant upside potential, has been driving huge interest and presale. Hence, industry experts have hailed it as a must-have coin—a new DeFi project not to miss out on.

DTX Exchange (DTX): Reshaping the World of Trading

DTX Exchange (DTX) is a new altcoin capturing the hearts of investors and analysts alike. Its solid fundamentals are too good to ignore as it seeks to reshape the $10 billion global trading market by introducing a hybrid protocol. At the same time, its potential as a low-cap gem is unmatched, edging past established coins like Worldcoin and ORDI.

It will make the best of blockchain technology, bridging the gap between TradFi and DeFi by building a one-stop platform for all trading needs. Some of the benefits of the protocol include security and transparency, non-custodial trading, high performance, enhanced liquidity and global accessibility.

The above highlights why analysts are optimistic about future adoption. Meanwhile, the ongoing presale presents a good, if not the best, opportunity to become early adopters. A token is priced at just $0.04 in round two of the ICO and is tipped for a 65x uptick after its market debut. This is besides the 200% gains holders will enjoy during the presale.

Worldcoin (WLD): Retesting $1

Worldcoin (WLD), a blockchain-based project, is set to build the world’s largest identity and financial network. The system revolves around World ID, a privacy-preserving global identity network that verifies humanness while maintaining user privacy.

The Worldcoin price plummeted as the wider crypto market nosedived, retesting $1, a critical support level. This sharp decline from its March high of $11 sparks concerns among holders and the wider crypto community. According to a Worldcoin price prediction, further decline isn’t out of the question.

Meanwhile, a series of WLD token unlocks are scheduled for this month, increasing the circulating supply and potentially dragging down the price. The coming days promise extreme volatility, with traders already taking up positions.

ORDI (ORDI): Gearing Up For a Bounce

ORDI (ORDI), a cryptocurrency on the Bitcoin network, enables the addition of text, images, videos and audio to Satoshi, the smallest unit of BTC. ORDI BRC20 is the first token created using the Ordinals protocol and has since become a top altcoin.

Its maximum supply of 21 million tokens, just like with BTC, is one of its many appeals. Following its market debut in the first half of 2023, the ORDI token registered an all-time high of $96 during the March high earlier this year. However, there has been a 70% decline afterward, with the latest market decline adding to its bearish woes.

The ORDI price trades above $20, with the recent dip pushing it into an attractive buy zone—a silver lining. A bounce-back seems to be on the cards, placing it on the list of altcoins to watch out for.

Conclusion

Worldcoin and ORDI retest old support levels, which, on the bright side, present good buying opportunities. Meanwhile, DTX Exchange has caught the attention of analysts and is tipped for an astounding 65x rally after its launch. With significant gains up for grabs, we recommend becoming an early adopter.

Visit the official DTX Exchange (DTX) website for the latest updates and information.

 

 

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.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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