DTX Exchange braces for stage 2 sellout as Chainlink drops

DTX Exchange gains traction as the platform nears the completion of stage 2 as Chainlink encounters a sudden dip.

The volatile world of cryptocurrency keeps investors on their toes as the market can take unpredictable turns at any second. Following the market volatility, Chainlink (LINK) has recently shown a massive downtrend. The Chainlink (LINK) token took a sudden dip of about 3.5% within a day.

This downtrend has failed to impact the emerging trading platform, DTX Exchange. It has created a market frenzy with its presale success. DTX Exchange is about to complete its presale stage 2 as the investors have shown immense interest in the DTX token antagonizing its presale. However, analysts opine there are several reasons for Chainlink’s (LINK) dip and DTX Exchange’s presale surge.

Let’s discuss the causes of the price movements of the two altcoins.

Chainlink price analysis: LINK witnesses a 3.5% dip within a day

18th July started with Chainlink (LINK) priced at $14.32 at the beginning of the day. However, as the day progressed, the token lost considerable value going down to $13.76, losing about 5% of its momentum.

Chainlink’s price recovered a little reaching $13.83, showing a drop of 3.8% by presstime. However, the price dump shocked the investors, who were eagerly waiting for a price rally. The price drop was accompanied by a 4% drop in the market capitalization of Chainlink (LINK) and an 8% drop in the trading volume. Analysts predict a bearish outlook for Chainlink (LINK) attributed to several factors, as discussed ahead.

Chainlink downsides cause price fluctuations

Despite having a secure, reliable connection between smart contracts and real-world data, Chainlink (LINK) has a fair share of issues. Even the outstanding interoperability of Chainlink (LINK) fails to compensate for its high operational costs.

Chainlink (LINK) network also poses issues of data limitations. The publicly accessible development data has also been raising eyebrows. These factors have played a major role in the recent price fluctuations that caused a roller coaster ride for Chainlink (LINK). Thus, Chainlink (LINK) has recently become a risky investment for traders.

The scalability issues and intricate integration processes have also emerged as points of concern for the investors, forcing them to shift towards more sustainable investments like DTX Exchange.

DTX Exchange: a formidable force in defi space with 1000x leverage

The unique hybrid platform of DTX Exchange has transformed traditional trading schemas with the help of AI tools and Automation strategies. DTX Exchange has gained significant attention due to its 1000x leverage feature and advanced trading solutions involving multi-tier accounts and distributive liquidity pools.

DTX Exchange’s blockchain layer-1 technology-powered security protocols enable safe trading and dependable, quick transactions (less than 0.04 seconds). These are among its best features. DTX Exchange provides non-custodial wallets to reduce the possibility of any security breach and give users complete control over their private keys and digital assets.

With over $980,000 raised in stage 2 of the public presale, the DTX Exchange is poised to become the next big player in the DeFi sector. The DTX token, priced at $0.04, is anticipated to surge beyond $1 post-presale, promising early investors potential returns of up to 25x. The platform has already attracted 8,000 savvy investors, strengthening its position as a formidable force in the trading industry.

DTX Exchange arms traders with the most robust reference material at their fingertips. It offers a wealth of charts, graphs, and analytical tools, empowering holders to make the best possible decisions and stay ahead of the curve. As a licensed platform, DTX maintains strict compliance with acting policies to safeguard traders’ experience and protect their digital assets.

Key takeaways

DTX Exchange has soared past $980,000 as its presale stage 2 continues. Chainlink (LINK), on the other hand, has lost momentum with recent price declines.

For more information, visit DTX’s presale website, read the project’s whitepaper, or join the Telegram community.