Bear trend smashes SOL, AVAX, while DTX Exchange pumps higher with $1.1m single day inflow

DTX Exchange continues to lead the DeFi space with its presale mania. The current session witnesses the DTX token leaving Solana and Avalanche behind.

The crypto realm is full of surprises, with established players usually showing unpredictable patterns. The current session sees a similar trend in Solana’s (SOL) and Avalanche’s (AVAX) price actions.

Though specific updates can push the price of Solana higher, DTX Exchange takes the lead over Solana by providing similar gains at a low investment cost. In the same manner, it outshines Avalanche too.

Solana price jumps 4% as Robinhood, VanEck reveals key update

Solana is on a mild solo run when most cryptocurrencies lose their gains. As of this writing, the SOL price changed hands at $167 after rallying from $154 it traded at 2 days ago. This price jump comes as Robinhood and asset manager VanEck shared crucial Solana updates.

In a significant development, Robinhood has activated transfers for Solana to meet the needs of its user base. Robinhood teased this plan earlier in May. With this move, customers on the commission-free brokerage firm can withdraw and deposit Solana.

Analysts consider this development a massive endorsement for Solana. Robinhood is renowned for operating a “closed system,” so opening up to Solana might benefit the blockchain. The brokerage firm recently launched crypto transfers in Europe, supporting over 20 digital currencies.

Meanwhile, Matthew Sigel, Head of Digital Assets Research at VanEck, says the EU arm has enabled staking for its Solana ETP. This means that the VanEck Solana ETP, valued at $73 million in assets under management, now allows holders to stake their tokens. Despite these updates, investors are seen rushing to DTX Exchange instead of Solana.

Avalanche struggles: AVAX plummets by 4.8%

AVAX, the native token of the Avalanche blockchain platform, has been slumping in the current session. Avalanche aimed to provide a fast, scalable, and secure framework for decentralized applications and enterprise solutions, yet bears pulled the price down by over 4.8% this week.

Avalanche is used to secure the network by staking, paying transaction fees, and establishing new networks on the platform. The technology appeals to developers and users because of its low latency and high throughput.

However, the recent price actions have been disappointing for AVAX investors, who keep on looking for better investment options. AVAX’s cutting-edge features and expanding ecosystem fail to keep the momentum of the Avalanche token on an ascending trajectory. The market cap of Avalanche has also plummeted in the current session, shifting investors’ focus to the DTX Exchange.

DTX Exchange: Best investment to expand gains in Q4

Analysts have selected DTX Exchange, the most recent initial coin offering, as a strong candidate in the cryptocurrency space. DTX is currently trading at $0.08. According to experts, this value will rise by 500% during the following three weeks. DTX Exchange’s inventive trading method is one of the things that truly sets it apart.

In addition to making cryptocurrency trading possible, the DTX Exchange exposes users to stocks, options, indices, and exchange-traded funds in a unified trading platform. This indicates that the DTX Exchange links traders to the quickly expanding cryptocurrency sector and the  $714.7 trillion OTC derivatives market. Additionally, DTX uses a hybrid strategy, combining the finest features of the CEX and DEX platforms to provide its traders with anonymous, quick, and affordable transactions.

This platform also provides various deposit and withdrawal options, guaranteeing users the most seamless experience. The DTX Exchange, for instance, distinguishes itself from its rivals in the market by allowing users to swap assets straight on the platform without having to go through a rigorous KYC check.

Conclusion

DTX Exchange has killed the buzz surrounding various stable altcoins by grabbing investors’ attention. The platform’s presale raise of $5.4 million has led to a massive shift in investors now opting for DTX Exchange instead of Solana and Avalanche.

For more information, visit the DTX Exchange presale website or join the online community.