Slow recovery ahead for TON, NEAR while DTX presale gains traction

DTX Exchange becomes the biggest presale of the year as its presale rush bags millions, outshining Toncoin and Near Protocol amid shifting market trends.

The broader market trend shift has moved altcoins like Toncoin and Near Protocol, while the emerging DeFi platform has seized the opportunity. DTX Exchange has gone viral after it secured over $2.5 million in its fast-selling presale round 3. The DTX token is going at $0.06 with predictions of climbing up to $0.08 in the next round.

CEO’s arrest raises concerns for Toncoin

Toncoin continues to drop below critical support levels as its trading price dips below $5 marking a 4-month low amid the co-founder Pavel Durov’s recent arrest in France. In the last 24 hours, Toncoin has slumped by 8.5%, bringing it down to $4.79 and a total of 20% in a month.

Even though Toncoin relies on Telegram primarily, it sources the major features within the app, like digital wallets. Given its Telegram integration, the recent price decline raises concerns about the Toncoin network’s price stability and long-term trading outlook. With the surprising turn of events involving the arrest of the co-founder, Toncoin has lost traction.

In terms of performance and technical indicators, TON has dropped by a huge margin in the last 7 days. Priced at $4.65, TON plummeted by 12.82% within a week while its market cap slumped by 6.61%, currently standing at $11.8 billion with a 24-hour trading volume of $381 million (surged by 58.28%).

Near Protocol drops price by 15.72% in one week

Near Protocol has also been a target of the frequently changing market sentiments. Currently trading at $3.78, Near Protocol has dipped by nearly $53 million based on its market cap’s 1.27% dip. Even though the network is renowned for its scalability, usability, and developer-friendliness, it is currently in turbulent waters as investors seek alternatives.

The primary function of Near Protocol consists of facilitating the creation of dApps and smart contracts to assist end-users and developers. The Near Protocol network incorporates innovative technology and a unique approach to make it attractive for widespread adoption among blockchain applications.

Currently, NEAR has dropped 1.29% in a day and holds a $4.2 billion market capitalization with a 24-hour trading volume of $209.54 million. Surprisingly, its trading volume has surged by a decent 18.03% which sparks a possibility for a potential rebound for Near Protocol.

Toncoin bulls flock to DTX Exchange post-testnet launch

Since the established altcoins are facing a downtrend amid market fluctuations, the spotlight has shifted to the rapidly growing DeFi network DTX Exchange. This hybrid trading platform has outperformed market giants like Toncoin and Near Protocol with its increasingly growing adoption and widespread popularity.

DTX Exchange has hit new highs after its long-awaited Testnet rolled out in the market. The Testnet is going to be a game-changer for DTX Exchange as it enables developers to try new applications and smart contracts in a risk-free environment. This simply means users can experiment with new ideas without risking the mainnet.

This launch has also opened the ground for developers to simulate real-world conditions, identify and resolve bugs, and address issues before time, which will eventually lead them to a stable and reliable mainnet experience. Through its cutting-edge blockchain technology, DTX Exchange aims to build a secure and robust trading platform to deliver a flawless experience.

DTX Exchange eyes $1 after million-dollar presale records

Post-Testnet launch, DTX Exchange has outperformed all ongoing presales with its massive gains and fast-selling presale. Next, it is closely monitoring the $1 mark after smashing the $2.5 million record in its ongoing presale. So far, the platform has already raised over $4 million through its presale rounds and plans to hit new highs after the launch.

With lightning-fast execution speeds, Quant and Algo trading, and over 120,000 trading instruments, DTX Exchange is well-equipped to become the next Solana in the market. For investors looking to land high gains amid the shifting market sentiment, the DTX Exchange’s booming presale could be the next big opportunity.

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