DTX Exchange (DTX): New DeFi Project to Bet On

DTX Exchange (DTX) is a new exchange-based token but with a twist: it is at the intersection of traditional and decentralized finance.

The broader crypto market downswing has been a subject of much concern, especially given the performance of Arbitrum (ARB) and the next move of the L1 Fantom (FTM). However, one new crypto that has defied the bearish sentiment is DTX Exchange (DTX), a hybrid trading platform.

While the crypto market swung low this year, which might be the last big discount before a parabolic run, reflecting the bearish sentiment, Arbitrum’s underwhelming performance continues.

However, DTX Exchange (DTX), a new exchange-based token, has exploded in presale. It has already raised over $6.4 million in early funding and is tipped to overtake top altcoins like Arbitrum (ARB) and Fantom (FTM) given its unique offering.

DTX Exchange (DTX): New DeFi Project To Bet On

DTX Exchange (DTX) is a new exchange-based token, but with a twist: it is at the intersection of traditional and decentralized finance. Users will be able to trade over 120,000 asset classes from stocks, bonds, ETFs, commodities, and tokenized financial instruments to cryptos.

Moreover, traders will enjoy the best of the worlds of DEX and CEX. Taking a unique approach, it will combine key elements of centralized and decentralized exchanges, notably distributed liquidity pools, wallet-based trading, smart contracts, and non-custodial storage of assets.

The above will see DTX shake up the $10 billion global trading market. Meanwhile, the presale has been selling out fast in the fourth round, already pre-listed on CoinMarketCap. A token costs just $0.08 and is projected to hit $1 before the year’s end, aiming to challenge the dominance of top players like Arbitrum (ARB) and Fantom (FTM).

Arbitrum (ARB) Price Analysis

Arbitrum (ARB) is a popular name in the Layer-2 ecosystem and one of the top altcoins. The scaling solution uses optimistic rollups for improved speed, scalability, and cost-efficiency on Ethereum. It is a favorite destination considering it benefits from Ethereum’s security and compatibility while having higher throughput and lower fees.

Since registering an all-time high of $2.4 in January, Arbitrum (ARB) has been in a steep decline—an almost 80% downturn. The Arbitrum price is currently above $0.52, with a 5% decline on the weekly chart.

With further downturns not out of the question, traders have been taking a cautious approach. Technical indicators like moving averages point to sell, including the exponential moving average (10) at 0.5382 and the simple moving average (10) at 0.5340. The same can be said for the MACD level (12, 26), which is -0.0078.

Fantom (FTM) Price Analysis

Fantom (FTM) is a smart contract platform that provides DeFi (decentralized finance) services and solutions. It is a favorite destination among developers, considering it aims to solve problems like transaction speed. In addition to its solid fundamentals, it is among the top crypto coins.

The latest jump in Fantom (FTM) value can be linked to the release of Sonic blockchain’s litepaper, formerly known as Fantom. This migration to Sonic from Fantom has been a bullish catalyst, pushing it above $0.79 in October.

However, there has been a notable decline in the Fantom price, changing hands at $0.66—a 3% decline in the past 7 days. TradingView’s exponential moving average (10) is at 0.6806, hinting at “sell.” Meanwhile, the bull-bear power oscillator is at -0.0483, a buy signal. The coming days promise to be exciting, with FTM being one of the altcoins to watch.

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