Cryptocurrency market changes affect both established and small tokens. Top altcoins, Litecoin (LTC), and Chainlink (LINK) holders are jumping ship to a new presale token, DTX. Here’s why.
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DTX Public Presale Entices Investors With Massive Price Rise
Crypto investors searching for profits now have DTX Exchange (DTX), a presale coin offering massive returns. DTX is a decentralized investment marketplace. You can trade forex buy and sell cryptocurrencies, CFDs, bonds, or any other financial instrument available on the platform, which holds up to 120,000 assets.
DTX appeals to investors because it introduces decentralization to TradFi products. With its order book decentralized, investors can easily track and manage their investments. Moreover, its non-custodial wallets encourage decentralization and enhance platform trust and transparency. Furthermore, decentralization allows investors flexibility in using either crypto or fiat money to invest.
DTX’s public presale appeals to investors due to its token distribution and allocation model. Crypto enthusiasts who purchase tokens set aside for the public presale and private sales get ownership stakes and help DTX acquire funds to advance the platform.
DTX Exchange (DTX) public presale is now in Round 2 with tokens worth $0.04. With 20% of available tokens in this round acquired, market experts are impressed by the speed at which investors acquire DTX. Investors who buy DTX in this round expect a 200% gain at the end of the presale when it reaches its projected listing price of $0.12.
Investors Skeptical Of Litecoin (LTC) Prospects
Litecoin (LTC) has been in a downturn for most of Q2 2024. Its price fell 27% from $112.32 in April to $81.97 in May, causing its holders to seek profits in DTX.
Litecoin’s (LTC) price drop is attributed to its inability to surmount the widespread market weakness as LTC bears dominate. Market data shows fewer investors want to buy Litecoin due to low demand, as demonstrated by its falling traded volumes during this period.
Subsequently, investors and market experts don’t know whether Litecoin (LTC) is a good crypto to buy, and advise caution to investors who buy Litecoin. Despite Litecoin’s (LTC) falling prices, its MVRV ratio shows that 11% of its holders are in profit, a sign that it may see a continued sell-off, pushing the price lower.
Market experts suggest a bearish market sentiment for Litecoin (LTC) without buy Litecoin signs, implying a continued downtrend. Litecoin (LTC) price predictions forecast a drop to its $80 support. However, if the trajectory changes, it could soar to $90 in Q4.
Chainlink (LINK) Bleak Q2 Performance Pushes Holders To Other Tokens
Between April and May, Chainlink (LINK) registered fluctuating prices in a downward trend, pushing away investors to more promising tokens, such as DTX. Chainlink price fell from $19.27 to $12.85 during this period.
Despite the price drop, Chainlink (LINK) holders are optimistic it will recover its strength and deliver profits. On-chain analysis indicates that there are increasing Chainlink (LINK) whale transactions, and the recently announced partnership with Aptos has triggered excitement among Chainlink (LINK) investors, leading to a Chainlink price surge.
Technical analysis shows a rising bullish market sentiment for Chainlink (LINK), with investors anticipating a price rise. Chainlink price is trading above key moving averages, and its RSI is hovering below the overbought zone, implying an impending price increase. Price predictions indicate it may reach $20 by the end of the year, making it one of the best coins to buy now.
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Read Also: Why RCO Finance (RCOF) is the Smart Crypto Investor’s Choice for 2024?
