ETH, TON take a downturn while new presale token hits $2m

As Ethereum and Toncoin struggle under selling pressure, DTX Exchange defies the downturn, raising $2 million in its presale and positioning itself as a DeFi project to watch.

The crypto market is marked by constantly shifting trends: uptrends and downtrends. The latter is currently the reality as prices swing low. Ethereum and Toncoin trade on the downside amid huge selling pressure.

Meanwhile, presale tokens, oblivious to the wider market downturn, chart bullish courses, notably DTX Exchange. This new ICO recently hit $2 million in early funding, pushing it into the third round and closer to its debut.

DTX Exchange: A new DeFi project to watch

DTX Exchange might just be the biggest name in the investment town right now—the ICO world, to be more specific. The presale has been generating much buzz, especially after hitting $2 million in early funding.

Designed to address several key challenges in traditional trading platforms, notably limited access and a lack of diverse asset classes, DTX Exchange is a new DeFi project to watch. Its vision is to create a secure, inclusive and one-stop platform and financial ecosystem that meets the needs of all types of traders.

Between allowing the trading of assets across TradFi and DeFi, offering advanced trading tools and promising liquidity and accessibility, it is poised to reshape the $10 billion global trading market. The presale is in the third round and priced at $0.06, tipped for a 100x rally post-launch—a more compelling option than Ethereum and Toncoin.

Ethereum: Tumbled below $2,500

Ethereum, the leading altcoin and the second-largest cryptocurrency after Bitcoin, is among the top players in the broader financial scene. The recent launch of ETH ETF underscores this, making it one of the best cryptos to invest in.

However, Ether, like the rest of the crypto market, is more volatile than traditional assets. The recent market downturn pushed the Ethereum price below $2,500, down by over 5% in the past seven days.

But, given its solid fundamentals, not to mention the growing Ethereum L2 ecosystem, a bounceback is near. A relief jump above $2,600 is anticipated in the coming days, clearing a path toward a rally past $3,000 before the end of quarter 3. Current market conditions might be largely bearish, but its long-term outlook couldn’t be more promising.

Toncoin: Significant decline below $5.5

Toncoin, a top altcoin, is having a rather long week. Telegram CEO Pavel Durov was arrested in France over the weekend, sparking a selling spree and tumbling from a week-high of $6.8 to $5.3.

With fear of further downswings thick in the air, savvy investors are considering more profitable ventures, notably memecoins, DeFi and AI narratives. However, the current TON price might be a huge discount for those wishing to expand their portfolio.

A Toncoin price prediction generating quite a buzz suggests a complete bullish reversal in the coming days. Selling pressure has dwindled and confidence is gradually increasing, making a bounceback imminent.

Conclusion

While Ethereum and Toncoin swung low, DTX Exchange soared past $2 million in presale. This emerging cryptocurrency checks off most boxes, from solid fundamentals as a novel hybrid exchange protocol to staggering upside potential.

To learn more about DTX, visit the presale website, visit the official DTX website and join the DTX community.