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You are at:Home » BNB Retraces From All-Time High as Selling Pressure Dominates Market, DTX Exchange (DTX) Goes Viral
Industry Viewpoint

BNB Retraces From All-Time High as Selling Pressure Dominates Market, DTX Exchange (DTX) Goes Viral

Despite its recent strong rally, BNB has been a target of bearish market sentiment.
Neelesh RoyBy Neelesh RoyJune 18, 2024Updated:June 18, 2024No Comments3 Mins Read
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BNB Retraces From All-Time High as Selling Pressure Dominates Market, DTX Exchange (DTX) Goes Viral
BNB Retraces From All-Time High as Selling Pressure Dominates Market, DTX Exchange (DTX) Goes Viral
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This mid-June is going to shake the market as Binance Coin (BNB) and DTX Exchange (DTX) are making headlines with their performances. While BNB faces selling pressure after hitting an all-time high, DTX shoots off to the big leagues by securing nearly a million in its explosive presale phase.

BNB Faces A Roadblock At $600: Investors Seek Shelter in DTX

Binance Coin (BNB), the native cryptocurrency of the Binance exchange, has recently retracted from its all-time high as the selling pressure has dominated the market. Over the years, BNB’s utility has expanded, encompassing payment processing, travel bookings, entertainment, and financial services, cementing its position as a versatile and valuable asset in the crypto space.

Despite its recent strong rally, BNB has been a target of bearish market sentiment. Recently, its price dropped by 10.44% in a week. It has a market cap of $89.82 billion and a trading volume of $1.7 billion. The 46.4 RSI indicates a market in transition. As selling pressure dominates the market, traders and investors are closely monitoring DTX to make their next move.

DTX Exchange (DTX) Presale Successfully Crosses $700,000

As investors are moving away from BNB for its price correction, DTX Exchange (DTX) is taking over the market with jaw-dropping numbers in its presale stage. Basically, DTX Exchange is a hybrid crypto trading platform built on layer-1 blockchain that allows users to trade a diverse array of assets, including cryptocurrencies, forex, equities, and contract-for-differences (CFDs).

DTX Exchange outsmarts many competitors with its key features, such as 1000x leverage, distributed liquidity pools, and non-custodial wallets, all without KYC verification. This no-KYC policy is particularly appealing to traders who value privacy and swift access to trading opportunities.

DTX Exchange (DTX) has quickly become a viral sensation in the crypto market, thanks to its impressive fundraising achievements and cutting-edge infrastructure. In a short span, DTX has raised about $2,000,000 in a private seed round and an additional $100,000 in a public presale within just two days.

New Blockchain Announcement Makes DTX Exchange Go Viral

To date, the presale has secured over $702,000 after its new blockchain integration announcement promises end-to-end encrypted transactions in a secure environment. DTX’s next presale round will increase the token price to $0.06, reflecting growing investor confidence and market demand.

Based on its performance trend, DTX’s future looks bright. Industry experts predict huge growth as more traders flock to the platform. The combination of high leverage, extensive asset options, and a user-friendly interface makes DTX a compelling choice for both novice and seasoned traders.

While BNB faces temporary market challenges, DTX Exchange (DTX) is moving mountains by scoring such potential upside in the presale stage. Even though BNB is a leading altcoin with strong financial backing from its trading platform, DTX Exchange might end up outshining this viral yet under-pressure altcoin.

As traders and investors go through these shifting scenarios, both BNB and DTX stand firm to rule the market with their unique features and blockchain upgrades.

Learn more:
Visit DTX Presale
Read Whitepaper
Join The DTX Community

Read Also: 5 Best Utility Tokens In Digital Space Cryptocurrencies For 2024

Best Crypto to Invest Binance Coin (BNB)
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Neelesh Roy
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Neelesh Roy is a seasoned financial journalist with a focused expertise in the cryptocurrency market. With a solid foundation in mass communication, his career began in the bustling world of stock markets, where he honed his skills in financial reporting and analysis. Transitioning to cryptocurrency, Neelesh has spent the past two years covering this volatile and exciting sector.

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