Notcoin (NOT) and THORChain (RUNE) Investors Find Relief in DTX Exchange's Hybrid Passive Income Model

The announcement of the hybrid passive income model in the DTX Exchange has brought some relief to the Notcoin (NOT) and THORChain (RUNE) investors

The recent announcement of a hybrid passive income model on the DTX Exchange has brought some relief to investors in Notcoin (NOT) and THORChain (RUNE) amidst the broader market correction.

As per the news, DTX’s Vulcanx feature will enable hybrid passive income for holders along with price appreciation in the DTX coin. We will cover the latest price action in Notcoin (NOT) and THORChain (RUNE) and also talk about the DTX Exchange, which is transforming traditional finance with blockchain technology.

Notcoin (NOT) Trading Above the Crucial Support Level of $0.01

Launched in May this year, Notcoin (NOT) is one of the few cryptos that have shown resilience in the recent sell-off. Notcoin (NOT) is trading above its launch price, and the $0.01 level is acting as a demand zone for it.

If the NOT price bounces from the current level, we can expect the formation of a double bottom, which could serve as a bullish reversal pattern. A bounce here with strong volume could propel the Notcoin (NOT) price to higher levels.

According to CoinMarketCap, the Notcoin (NOT) Volume in the last 24 hours has risen by 2.72%, indicating volatility compression. If demand sets in, the price could shoot up.

Thorchain (RUNE) Moving In Month-Long Falling Wedge Pattern

Thorchain (RUNE) reached a 52-week high on 13 March 2024 and has declined over 70% from that peak. Thorchain (RUNE) has been forming a falling wedge pattern since the beginning of the down move.

Thorchain (RUNE) is currently finding support at the lower trendline of the wedge, where it previously bounced twice on 13 April and 5 July; this is the third time it is taking support at the same trendline. The next resistance for Thorchain (RUNE) is the $4 level, while support on the lower side is at $2.3.

DTX Exchange: The New TradeFi Giant

The DTX Exchange (DTX) is shaking up the exchange token market with its hybrid trading platform. It combines the best features of both decentralized and centralized exchanges. This unique approach is sure to drive massive demand for DTX on a global scale.

On DTX, you can trade over 120,000 assets across a wide range of financial markets, including forex, stocks, bonds, cryptocurrencies, commodities, and more. DTX is rapidly emerging as one of the leading cryptocurrency projects out there. It also offers incredible benefits to traders, such as 1000x leverage without requiring any KYC.

The DTX Exchange also enables anyone holding, staking, and farming yields for the platform’s users and investors. It is currently in the second phase of its presale, with tokens available at 4 cents each. DTX has managed to raise more than $1.2 million in less than two months. Given its strong fundamentals and unique business model so far, it will come as no surprise if it raises $2 million in August.

Learn More About DTX Exchange

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