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As Bitcoin dips below $60,000 and altcoins like Solana and Toncoin struggle, DTX Exchange gains momentum, surpassing $2 million in presale funding.
The crypto market took a slight downturn, as has the buying spree. Bitcoin’s decline below $60,000 dragged down altcoins’ prices, including Solana. Adding to Toncoin’s uncertainty is the arrest of Telegram CEO Pavel Durov.
Meanwhile, interest in DTX Exchange, an emerging cryptocurrency, exploded as the presale crossed $2 million in early funding. The project’s imminent transformation of the global trading scene and growth prospects seem to be driving huge demand.
DTX Exchange: 2024’s biggest breakout star?
DTX Exchange became one of the biggest ICO stars following its remarkable milestone: hitting the $2 million fundraising goal. The huge interest in this new ICO can be linked to the key challenges it aims to address in the wider trading landscape.
The investment platform was designed to address challenges faced by traders and conventional trading platforms. This includes limited access, financial exclusion and a lack of diverse asset classes, among others. It also seeks to bridge the gap between crypto and traditional financial systems.
It stands out by giving access to a wide range of financial instruments that cut across DeFi and TradFi, including cryptos, equities, forex, stocks, bonds and more. This will see it break into and reshape the $10 billion global trading market, making it a new DeFi project to keep on the radar.
The presale recently entered the third round and a token costs $0.06. This low entry point and its growth prospects—a potential 65x uptick post-launch—contribute to the massive demand and interest. With a huge bullish wave to surf, it is tipped to be this year’s biggest breakout star.
Toncoin: Will it breakout from $6?
Toncoin, one of the leading Layer-1 tokens, took a big hit as Telegram CEO Pavel Durov was arrested over the weekend. Sentiment turned bearish and cautious amid growing FUD and uncertainty, pushing the Toncoin price to the downside.
It revisited $5 earlier this week and its latest hurdle is a breakout above the $6 mark. Is there enough steam to propel it past this level? The TON blockchain’s overload from DOGS launch isn’t helping either, causing transaction processing to be stopped again.
The good news—perhaps better news—amid this development is Durov’s release from custody in France. He has been officially indicted and placed under supervised release in France, leading to a price jump. However, a Toncoin price prediction suggests a decline toward the $5 and $4.5 zones, although Durov’s full release will be positive fundamental.
Solana: On the downside
Solana, one of the leading altcoins, has been unusually quiet, especially when its current performance is compared to previous ones. It was one of the top runners and biggest highlights in the year’s first half. However, its performance in Q3 has been a far cry.
Between March and April, the Solana price recorded its annual peak: $200. However, it reached a low of $110 in early August, although there has been a slight uptick afterward. It exchanges hands around the $140 support, nonetheless on the downside.
However, a significant jump is anticipated in the coming days or weeks, especially with the rising adoption of the Solana blockchain. An overall market rally will also be crucial to the next leg of its bull run, on track for an upswing past $170. Given its upside potential from the current market price, SOL is an altcoin to watch for substantial gain.
Conclusion
While Toncoin faces a hurdle in crossing the $6 resistance and Solana trades downward, DTX Exchange enjoys massive interest. The emerging cryptocurrency ascends, hitting the $2 million fundraising milestone and poised for a 65x jump after its launch.
To learn more, visit the Presale website, visit the DTX website and join The DTX community.
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