Amid a turbulent market, where Cardano (ADA) and Fantom (FTM) traders have seen millions wiped out, DTX Exchange stands resilient. Priced at $0.04 with its advanced trading features, including 1000x leverage and distributed liquidity pools, DTX provides a safer haven for traders.
Let’s explore and see why DTX’s unique hybrid model and non-custodial wallet approach keep it strong as traditional assets falter.
Cardano (ADA) Faces Major Setbacks in Q2 2024
Looking at data from the crypto data analytics firm Messari, it’s no surprise that Cardano (ADA), and its currency token ADA, took a strong nose-dive in the second fiscal quarter of 2024.
The price of Cardano (ADA) slammed down -39.7% to $0.39. And a little smaller market capitalization dropped by the same amount (39.4%) to $14 billion. The market cap is lower because the price went down and a little bit of the supply increased, putting Cardano (ADA) back to the 10th place of the market capitalisation top 10 positions in all cryptocurrencies.
These dips indicate that Q2 2024 had certain challenges for the growth of the cryptocurrency industry such as the regulatory issues, market sentiment, the macroeconomic conditions.
Fantom (FTM) Faces Market Difficulties, Volatility, and Bearish Momentum
Last week, Fantom (FTM) fell down to the value of $0.43, which indicates a sharp decrease in its price. During the course of this given week, it declined by 6.13 % of the investment. The main reason which results in such a shift in a market is the dominating influence of sellers over buyers, as it eventually lowers the payment costs of investment.
The Exponential Moving Average provided on its Marketplace is negative. An EMA would be a Moving Average giving more weight to recent data, for technical experts this negative EMA is a Bellwether of a possible bad trending prolongation. This negative trait has resulted in technical analysis giving a “Sell” Signal, basically technical traders are considering an asset to be sold.
Fantom (FTM)’s market activity this week showed that it had fluctuated between $0.4217 and $0.4466, indicating rising selling pressure.
Why DTX Exchange Remains Resilient Amid Market Volatility
DTX Exchange’s decentralized and private nature adds to its robustness in unstable markets as well as the use of non-custodial wallets by DTX traders, with funds always held privately by the trader, minimizing the risk to them in the event of a breach. Another special feature of DTX is that users can trade on the platform without providing Know Your Customer policies as required in the traditional financial system.
DTX Exchange strives to provide the best tools and features for traders of all skill levels. Specifically, DTX has created expert community tools for social trading, promotes copy trading to help copy successful traders’ work, offers on-chain analytics for investor research, trading bots for armchair trading, and provides trading signals to assist fellow cryptocurrency enthusiasts.
The fact that all of these features exist suggests that DTX Exchange is a robust and user-friendly system. Still in its first presale, DTX has shown It can sustain its strength and security even if the market is facing rapid volatility, be it booming or crumbling.
Key Takeaways: DTX Exchange stays strong in a shaky market amid Cardano (ADA) and Fantom (FTM) traders sustaining substantial losses. Its innovative trading tools, dispersed liquidity pools and not needing custodianship support assure safety and stability of funds credited to wallets
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