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The crypto market swung even lower as Bitcoin (BTC) retested $56,000 earlier this week. With confidence taking a big hit, top crypto projects like Binance Coin (BNB) and Chainlink (LINK) lose momentum and key price levels.
Meanwhile, DTX Exchange (DTX), an emerging altcoin in the spotlight, gears up to skyrocket after its debut. Its anticipated transformation of the global trading scene, TradFi and DeFi inclusive, places it on a bullish path. Further, the ongoing presale offers a huge discount to become an early adopter of a project hailed as the next big thing.
DTX Exchange (DTX): Tipped to Skyrocket Post-Launch
DTX Exchange (DTX) continues to bask in the spotlight, standing out for its novelty and growth prospects. Its unique contribution—a hybrid exchange platform—is set to transform the global trading scene, valued at $10.3 billion in 2023. And as a low-cap gem, its upside potential rivals BNB and Chainlink.
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The presale is in round 3 and heavily discounted at $0.06 per token. Investors have been gobbling it up, resulting in over $2.3 million in raised funds. Regarding its upside potential, a 100x jump in value is projected by industry experts after listing on Tier-1 exchanges—a new DeFi project to watch out for.
Another layer of its appeal is its novel hybrid trading platform. Unlike conventional platforms, it will combine features of centralized and decentralized exchanges, hoping to address critical issues and present the best of both worlds. This includes enhanced liquidity, security, privacy, financial inclusion and thousands of asset classes, setting it up for adoption.
Binance Coin (BNB): Tumbled From Week High
Binance Coin (BNB), one of the leading altcoins, trailing behind only Ethereum, swung low as the crypto market declined. Despite its solid fundamentals as the utility token of the entire Binance ecosystem, selling pressure persists.
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The BNB price is above $510, tumbling from its weekly high of $540. Almost 5% down in the past seven days, momentum took a dip, with concerns sparking about further downswings. A bearish outlook hints at a fall below the $500 mark, retesting levels last seen in early August.
However, more bullish analysts project a comeback in the coming days. The BNB coin is expected to jump past $550 before the week’s end, setting the stage for a bigger leap. Experts predict it will close above $600 by the end of Q3, making it an altcoin worth keeping on the radar.
Chainlink (LINK): 7% Decline on the Weekly Chart
Chainlink (LINK), a top altcoin, also nosedived as the crypto market tanked. It is one of the most frequented DeFi solutions platforms, contributing to the rising token demand.
However, as the crypto market took a downturn, so did the Chainlink price. It tumbled by over 7% on its weekly chart, losing the $11 support. Following this dip in momentum, fear of a fall below $10 looms, as it might lead to a selloff below $8.
Nevertheless, its long-term outlook remains bullish. A Chainlink price prediction suggests a jump above $50 before the year’s end. This will put it within striking distance of its $52 all-time high, placing it on the list of altcoins to hold for the long term.
Conclusion
While BNB and Chainlink tumbled, DTX Exchange continued to sell out in presale. Its 100x upside potential makes it a new DeFi project not to miss out on.
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