Hybrid exchange raises $1 million as capital moves from AVAX and LTC

Crypto market surges post-Biden: Avalanche and Litecoin soar; new coin, exchange protocol gain investor interest.

As the crypto market enjoys the positive impact of Joe Biden resigning from the US presidential race, three coins experience interesting price developments. Avalanche (AVAX) and Litecoin (LTC) break out from previous patterns, but how high can they go? Meanwhile, a new coin and hybrid exchange protocol attracts smart money and positive attention.

Avalanche’s Ash wallet: Introducing new users to web3 gaming 

The Layer 1 blockchain Avalanche (AVAX) originally started out as the chain of choice for institutional investors, but has been pivoting to a gaming-based chain. Avalanche’s X page shows a series of gaming-related tweets from the team and collaborators such as ChronosWorlds.

But that’s not all the chain has been up to. To increase on-chain security and ease of use, Avalanche (AVAX) recently subsidized a wallet known as ‘Ash’. This is key because Avalanche (AVAX) now allows for new Layer 1 Blockchains to build on top of Avalanche. These chains will all be compatible with the Ash wallet. 

The Ash wallet is easy to use, so the idea is that it will make it easy to onboard non-web3 natives to the Avalanche (AVAX) ecosystem. This takes us one step closer to the mass adoption of crypto, through the lucrative gaming sector.

Avalanche’s price recently rose from $26 reaching above the $30 resistance level and is currently trading at $32. However, CoinGape’s technical analyst Sahil Mahadik suggested that AVAX could face resistance at the $33 mark. This is due to the 200-day EMA at $33.

Litecoin finally sees some positive price action

Despite the Litecoin (LTC) halving event this year, the coin’s price action has been mainly sluggish. 

However, this has changed in the last two weeks, with Litecoin rising by 14% on the weekly chart. This is most likely due to recent news that asset managers Fidelity Digital, have now added Litecoin (LTC) to their offerings. This is especially bullish since the only other two coins that they offer exposure to are Bitcoin and Ethereum.

Speculators are considering that a Litecoin (LTC) ETF may be on the cards.

Litecoin (LTC) is currently trading at around $73. Coingape’s technical analysis suggests that if the coin can remain above the $70 mark, a rise to $80-100 could be possible.

If it can reach $100, that’s a 45% gain from here. As impressive as that is, there’s a coin that some crypto experts are predicting could easily generate a 2400% return in the coming months; DTX Exchange. And its attracting capital at an impressive rate.

Could DTX’s Exchange hybrid model change financial trading?

As crypto becomes more mainstream due to its increasing adoption by asset managers, gamers, and the resignation of Joe Biden, a new solution is needed to make trading more easy and accessible to everyone.

And that’s where DTX Exchange comes in. The hybrid model exchange combines all the benefits of centralized exchanges and TradFi trading platforms with the unique features of the blockchain.

In practice, this is a decentralized exchange that anyone can join because there are no restrictive KYC (Know Your Customer) policies in place. And there’s more because DTX offers frictionless access to 120,000 financial instruments, including forex, equities, crypto, and futures.

Like Avalanche (AVAX), which chose to make onboarding easier for newbies to Web3, DTX Exchange wants to help those new or inexperienced with trading by offering social trading and algorithmic trading. There will also be a learning center and other helpful resources.

Experienced traders are also catered for, with 1000x leverage, super-fast execution times, and all the stats and data a professional trader needs. All of this is available with 0% commission.

High-volume traders will also receive special benefits such as various bonuses and cashback.

All this has investors very excited about the potential of DTX Exchange (DTX). And so the project, currently in presale, has raised an impressive $1 million in a matter of weeks, stealing the limelight from bigger projects like Avalanche (AVAX) and Litecoin (LTC).

DTX coin is currently on sale at $0.04 and will launch at $0.12. From there, experts predict the coin could easily reach $1 and beyond this year. 

In the longer term, DTX Exchange may rival CEXes like Binance. Binance’s BNB coin is up by almost 400,000% since the launch of its presale in 2017.

For more information, visit DTX’s official presale website.