Chainlink (LINK) and Toncoin (TON) have lost all bullish momentum as the crypto market faces another unpredictable swing. While the prices of these top altcoins have slowed down a great deal, one DeFi project has been gaining traction, DTX Exchange (DTX).
Many smart investors are already joining DTX Exchange’s ongoing presale, where the DTX coin has increased by 300%. The project has also raised over $5.8 million in funding and has been listed by CoinMarketCap.
DTX Exchange (DTX) Listed on CoinMarketCap, Readies for Price Pump
DTX Exchange (DTX) is among the top crypto coins that have been bullish, following its latest listing on CoinMarketCap. The DTX coin has skyrocketed by 300% in the past few weeks to hit $0.08. Based on its trajectory, analysts believe that DTX could increase by 10x before the year ends. The DTX coin could achieve this feat because of the revolutionary trading model that it features.
This hybrid trading platform integrates both CEX and DEX features so users will find fast and cheap transactions while remaining anonymous. Most platforms are designed to support only cryptocurrencies, but DTX is an exception, as it is a trading platform that also supports forex, stocks, options, indices, and ETFs. This provides high flexibility, as the traders are allowed to trade various assets in one single platform.
Meanwhile, traders can use DTX Exchange without having to go through the normal KYC procedures which are normal in other trading platforms. This approach makes DTX Exchange a favorable platform for traders who value their privacy. The community is also waiting for the creation of the DTX wallet, which simultaneously accepts conventional and digital assets.
Chainlink (LINK) Partners With Swift To Bridge TradFi and DeFi
Chainlink (LINK) has announced that it will work with Swift to integrate a brand-new blockchain payment service for financial organizations. The integration will allow for the settlement of digital assets with minor changes to the existing structures. It will also create a link between the DeFi market and traditional finance.
Sergey Nazarov, the co-founder of Chainlink (LINK), noted that the solution will help in pre-settlement and transaction confirmation through Swift’s messaging protocols. Such a move could attract more interest to the Chainlink coin. According to CoinMarketCap, Chainlink (LINK) has been in consolidation throughout October, trading between $10.4 and $12.2.
The bulls have shown resilience in the past weeks, holding the 50-SMA ($11.18). Analysts are optimistic about the price trajectory of the Chainlink token. PerpTrading forecast the value of the Chainlink crypto could rally to $19 in the next few weeks. CryptoHotep gave a higher price target of $22.876.
Toncoin (TON) Active Addresses Take a Hit
For the most part of the past few months, telegram airdrops were the trending topic in the crypto market as they significantly boosted Toncoin’s (TON) network activity. But the number of active addresses on the TON blockchain plummeted substantially, to the lowest levels of the network since April 2024.
On October 23, the number of active addresses was down to 600k, according to TheBlock data, compared to 1.8 million on October 2. This drop is due to dissatisfaction with recent Telegram airdrops as user interest fell.
At the moment, the price of the Toncoin crypto has dropped by 7% in the past month, according to CoinMarketCap. Toncoin (TON) is currently trading below the 50-SMA ($5.37). The Toncoin token must surpass this level in the coming weeks to begin an uptrend. Failing to do so could lead to more price drops to the $4 level.
Chainlink and Toncoin Investors Turn To DTX Exchange
While top altcoins, Chainlink (LINK) and Toncoin (TON), are struggling to recover from the recent market crash, DTX Exchange is poised to take off and offer investors 10x their money. Those who join the presale and get the DTX token will get a share of the platform’s revenue. Such potential makes DTX the best crypto investment in the market now.
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