Despite the bearish movement in the crypto, significant investments are still being made in promising projects. Just recently, crypto exchange Gate.io invested $10 million into TON.
At the same time, DTX Exchange (DTX), a new crypto ICO, has gained the attention of investors, raising over $4.1 million in funding. Such funding shows they have a high interest in the DeFi project and its potential for growth. Meanwhile, Solana (SOL) is seen trading in the red region after recording some losses recently.
Gate.io Invests $10M in Toncoin (TON) To Promote Telegram-based Projects
Gate.io has invested $10m in the TON network in a recent partnership to support Telegram-based projects. As per reports, the cryptocurrency exchange works with the TON Foundation to further promote the adoption of blockchain and web3 projects on Telegram. Some of the plans include the launch of centralized finance Telegram mini-apps. Also, Gate.io will also release its Gate Wallet on the Telegram app.
In the meantime, the Toncoin price has dropped in the weekly and monthly timeframe. The cryptocurrency has been consolidating between $5 and $6.25 in the past month. The sentiment around Toncoin crypto is currently bearish, given that the 14-day has dipped below 40. Nevertheless, analysts are expecting a turnaround in the coming weeks. They say the value of the cryptocurrency could jump to $6.70 in the long run.
Solana (SOL) Continues Sideways Movement
Solana (SOL) has been stuck in sideways movement in the past month despite attempts at a breakout. The community was expecting huge gains in Uptober, and this has largely affected the market sentiment. Currently, data from CoinMarketCap reveals the value of Solana crypto is consolidating between $136 and $150 on the weekly chart.
The sentiment around the Solana token is bearish. The 14-day RSI has dropped below the 50 mark, a sign that bears have more control over the market. However, analysts and investors remain optimistic about Solana (SOL). In order to ignite a broader price rally, Solana coin needs to claim support around the $152 price range. Right now, more buyers need to enter the market to clear out the selling pressure, causing an uptrend.
DTX Exchange (DTX) Surges To New Height, Set for New Milestones
The cryptoverse is excited about DTX Exchange (DTX), a hybrid new trading platform bringing huge changes. The price of the DeFi token is $0.06, an increase of 200% from $0.02. Analysts expect a price surge of 300% by November. At the same time, the DTX Exchange has raised more than $4.1 million and is expected to reach $6 million before the end of October.
DTX Exchange is attempting to introduce an innovative element into the online trading sector through a hybrid (CEX+DEX) platform that will provide traders with a comprehensive trading experience. Traders get the chance to access over 120K instruments, including cryptocurrencies, gold, stocks, indices, and CFDs, at more than 1000x leverage within a single platform.
Meanwhile, SolidPROOF has evaluated the DTX Exchange’s contract and certified it safe for traders to enjoy its AI-powered and advanced trading tools. Furthermore, DTX Exchange aims to add liquidity by constructing distributed liquidity pools to minimize slippage during trades and to provide the best experience to its users. This means that users will enjoy low slippage trade.
Conclusion
While Toncoin (TON) and Solana (SOL) are showing losses, DTX Exchange is making waves in the third phase of its presale. The project has already raised over $4.1 million and is gaining increasing interest from the market. So, analysts believe DTX Exchange can give investors the highest returns in the market right now, making it a good cryptocurrency to buy.
Learn more:
Buy Presale
Visit DTX Website
Join The DTX Community
Read Also: Karate Combat Launches ‘UP’, a New Layer 2 Software Licensing Platform
Disclaimer: Information provided on AlexaBlockchain is for informational purposes only and not financial advice. Crypto investments, including ICOs, IDOs, presales, and other token offerings, are highly risky. You are responsible for conducting your own research (DYOR) before making any financial commitments. Take professional advice before making any investment. Read complete disclaimer here.