After a month of neutral sentiments, the general market finally dropped into the Fear zone in the first week of September. As a result, various crypto holders have been forced to pull out investments and source for better options.
Since the market downturn, analysts have taken to DTX Exchange’s 100x potential unaffected by the Bitcoin influence, unlike top cryptos like Ethereum (ETH) and Stellar (XLM).
Ethereum (ETH) Falls Under The Weight of The Market
Ethereum (ETH) dropped by over 6% in the past week, further extending its monthly losses. After previously trading at highs of $2,820 in August, Ethereum (ETH) has now dipped below $2,300, reflecting a bearish trend that doesn’t seem likely to end soon.
At press time, most technical indicators suggest a “strong sell” for Ethereum (ETH). As such, Ethereum ETF outflows jumped as high as $7.4 million. The Fear & Greed Index highlights an extreme fear with investors after Ethereum recorded 13/30 (43%) green days over the last 30 days.
Due to a sluggish US supply market and the generally negative market sentiment, market experts foresee significant downside pressure on Ethereum (ETH). With a 3.70% price volatility and 46% of holders in the red, crypto enthusiasts are not taking any chances.
Stellar (XLM) Steers In The Wrong Direction
Similarly, Stellar (XLM) has recently experienced a notable decline in its market activity. While Stellar (XLM) was initially on the trajectory to reach a valuation of 1 cent, it has since lost its bullish direction due to uncertainty that the US Federal Reserve would cut interest rates.
This decline is part of a broader trend observed over the past month, where the XLM price decreased by about 7.16% against the US Dollar, underperforming compared to the overall crypto market which saw a minor 0.8% bump.
As a result, Stellar (XLM) has dropped out of the top 25 cryptocurrencies. According to CoinCodex, Stellar’s (XLM) Fear and Greed Index sits in fear as over 50% of token holders accumulated losses.
DTX Exchange (DTX) Hints At 100x Amid Market Downturn
Irrespective of the market activity, DTX Exchange continues to gain traction for allowing users to trade thousands of assets, including cryptocurrencies, forex, equities, and contract-for-differences (CFDs). It is also the first large-scale exchange to offer 1,000x leverage without a Know Your Customer (KYC) requirement, ensuring privacy and ease of access.
DTX Exchange is all about amplifying returns with the most minimal capital possible, ensuring entries for low earners and wealthy alike. This new DeFi platform ensures that traders have access to deep liquidity, making a smoother and more effective experience.
Moreover, DTX Exchange has demonstrated strong performance, raising over $2 million in its ongoing public presale. This financial backing reflects investor confidence in the platform’s innovative features and growth potential.
For $0.06 apiece, DTX is the best new crypto to buy now as it features access to premium features and potential airdrops.
Key Takeaways
With popular cryptocurrencies like Ethereum (ETH) and Stellar (XLM) losing value due to the uncertainties surrounding the federal rate cut, DTX Exchange (DTX) is currently trending as one of the few profitable market options.
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