The crypto space has long been dominated by altcoins like Notcoin (NOT) and Fantom (FTM). Their remarkable market performances have kept the
Altcoins like Notcoin (NOT) and Fantom (FTM) have long dominated the crypto space with their remarkable market performances, keeping investors and analysts glued to their every move. However, their reign might be coming to an end as emerging projects like DTX Exchange (DTX) are making a mark in the market.
Notcoin (NOT) is taking a hit as the bears are gripping its market performance, leaving investors in a state of confusion with the downtrend ruling over the altcoin. Following a similar pattern, Fantom (FTM) has also started a price correction recently with some experts attributing this downtrend to the broader market sentiment.
Notcoin (NOT) Plummets by 5%: Analysts Anticipate Further Decrease
Notcoin (NOT) exhibited massive gains at the beginning of the year 2024, providing explosive gains to investors. However, altcoin’s bullish momentum is breaking now. Notcoin’s (NOT) daily chart is ruled massively by a red candle.
The altcoin is plummeting by over 5% intra-day, with a massive decrease of over 23% in the daily trading volume. Investors are worried about the declining price as the downtrend has become a norm for Notcoin (NOT). The weekly charts are also dominated by a red candle, as Notcoin (NOT) tumbled by 10% in the previous week.
The market cap of Notcoin (NOT) is following a similar trajectory of decline, showing a decline of 6% at press time. The 20 and 50-day moving averages also hint towards a strong selling signal for Notcoin (NOT). Technical analysis reveals a bearish takeover, thus compelling investors to jump to more promising opportunities.
Fantom’s (FTM) Market Performance Suffers: FTM Trends Downwards
Fantom (FTM) displayed a nice move towards the north. This move might induce a bullish perspective on the token, with an expectation of reclaiming $0.5 with the next bullish move.
Unfortunately, the altcoins are about to form another lower high as the strength of the rally has been squashed since the rejection from the levels close to $1. Although the bullish perspective may make some room, the possibility of another 20% pullback haunts the rally.
The daily chart of the Fantom (FTM) price displays the price trading within a descending parallel channel. The price and the RSI both failed to rise above the average bands of their respective channels, indicating the mounting bearish pressure on the token.
Moreover, the DMI of Fantom (FTM), which was bullish, is showing signs of a bearish reversal as +DI is about to undergo a bearish divergence. Hence, as the current trade setup suggests, the Fantom (FTM) price may face a rejection, breaking its reign.
DTX Exchange (DTX): Investor’s Favorite In Q3
Among the new projects that are making waves in the market is DTX Exchange (DTX), which combines the best elements of CEX and DEX. It is quickly becoming a favorite among investors due to its solid fundamentals and potential to transform the global trading industry. Being a low-cap gem with astounding growth prospects also adds to its appeal.
Those interested in becoming early adopters can do so during the ongoing presale, which is presenting a good, perhaps the best, opportunity. DTX token is priced at just $0.04 in the second round of the ICO, with a staggering $1.3 Million raised so far.
Simply participating in the presale guarantees a 200% gain by the launch date, not to mention a projected 50x upswing after its market debut. In light of the above, it is primed to outclass top crypto coins like Fantom (FTM) and Notcopin (NOT).
Furthermore, DTX’s hybrid exchange protocol will allow the trading of diverse assets across TradFi and DeFi, making it a new player to watch out for and a competitor to established exchanges. It will also be on the lookout for new promising projects to list on its platform.
Learn more:
Buy Presale
Visit DTX Website
Join The DTX Community
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