DeFi
Emerging DeFi Project Shocks Crypto Industry With Rapid Growth, Surpassing Growth of Binance (BNB) and Ethena (ENA)
Institutional investors often look for small, early-stage cryptocurrencies with strong fundamental and future strengths. A new cryptocurrency, DTX Exchange, is seeing a significant influx of funds in its presale. Launched at $0.02, DTX has doubled in value and is trading at $0.04 in the second stage of its presale.
Along with institutional investors, retail investors from across the crypto community, including Binance (BNB) and Ethena (ENA), are turning to the DTX Exchange as it has outpaced the growth of other cryptos. During the recent market correction, coins like Binance (BNB) and Ethena (ENA) have performed poorly and investors are looking for new opportunities.
Binance (BNB) Joins Global Travel Rule (GTR) Alliance
After facing numerous legal challenges, Binance (BNB) has joined the Global Travel Rule Alliance (GTR). In doing so, Binance (BNB) aligns itself with a global community of virtual asset service providers (VASPs) dedicated to complying with anti-money laundering (AML) regulations. This move is part of Binance’s (BNB) ongoing efforts to address the Financial Action Task Force (FATF) recommendations, particularly Recommendation 16, known as the Travel Rule.
Binance’s (BNB) integration into GTR goes beyond regulatory compliance. It demonstrates a strong commitment to improving user data security. GTR uses advanced methods to protect digital information, allowing virtual asset service providers to maintain full control over their decryption keys.
Will Ethena (ENA) be able to reach its launch price?
Launched this year, Ethena (ENA) is facing bearish momentum after its launch. Ethena (ENA) is a synthetic dollar protocol on Ethereum that offers a crypto-native alternative to traditional banking services. Its synthetic dollar, USDe, also known as the “Internet Bond,” provides a dollar-denominated savings tool with the benefits of decentralized finance (DeFi).
After the launch, the price of Ethena (ENA) reached around $1.50, but it crashed afterward, dropping by more than 70%, and is currently trading at $0.4419. Last month, the price of Ethena (ENA) broke the support at the launch price and dropped 5% from that level. In the last 24 hours, Ethena (ENA) has increased by around 8%. If this trend continues, it could soon reach the launch price.
DTX Exchange is the preferred choice of institutional investors
Institutional investors know what retailers don’t because they have relationships and resources. The attraction of institutional investors to DTX Exchange This speaks volumes about the future of cryptocurrency. Investors, especially those in Binance (BNB) and Ethena (ENA), are also more interested in the cryptocurrency as it is set to launch very soon.
The initial pre-sale phase of the DTX exchange exceeded expectations, raising over $120,000 and building investor confidence. The platform offers up to 1,000x leverage on various assets, positioning DTX as a leader in high-frequency trading.
DTX stands out for its robust technology framework, designed to streamline transactions and reduce costs. These features are crucial as the cryptocurrency market continues to grow and evolve. Analysts believe that DTX’s advanced capabilities could help it stand out in a crowded market, attracting investors looking for the next big opportunity in crypto.
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