DeFi
Whales Flee Avalanche and Injective to DTX Exchange Thanks to Its Stellar Presale Performance – Times Tabloid
Volatility and rapid changes in trader sentiment are nothing new to the cryptocurrency market. Lately, however, there has been an exciting migration as whales abandon major DeFi coins such as Avalanche (AVAX) and Injective (INJ) for DTX Exchange (DTX). This Stage 2 presale star is showing great promise with its performance and could become the next $0.5 DeFi coin in 2024.
Avalanche (AVAX): another bank joins this DeFi project
Avalanche (AVAX) has long been one of the top DeFi coins. Recently, Avalanche announced that Misyon Bank had launched its new tokenization platform on its network. The first use case for this platform will be tokenized Turkish Eurobonds for individual traders.
This new avalanche bullish could trigger a rally for this crypto. Speaking of which, Avalanche’s crypto value has increased by over 150% in the last 12 months. Thus, market analysts predict that this DeFi coin will trade at $50 before the end of Q2 2024.
Injective (INJ): publication of the first full article
Injective (INJ) is another DeFi crypto that has been making headlines recently. For example, Injective revealed the first ever comprehensive article on the INJ token. This article explores the mechanisms and utilities of the token that generate deflationary gains. With this development, more people will become familiar with this DeFi coin.
The crypto Injective movement has surged over 300% on the charts since the start of the year. Additionally, over 25 technical indicators are showing buy signals for INJ. Following all this news and bullish indicators from Injective, experts in the crypto space are predicting that its value could surge up to $32 in the second quarter of 2024.
DTX Exchange (DTX): among the best new DeFi projects
DTX Exchange (DTX) is changing the DeFi market with its hybrid trading platform that combines CEX and DEX. No other DeFi project does what it does for this reason alone, not to mention the fact that it incorporates impressive security measures. Over 120,000 asset classes (Forex, bonds, crypto, etc.) can be traded on DTX Exchange, which really makes it stand out.
The standout feature of DTX Exchange is undoubtedly its ability to provide 1,000 times more leverage than most platforms dream of. This is a game changer for traders as they can potentially make big profits with such high stakes.
The DTX utility token will power this DeFi project. Holding this token brings many benefits, such as reduced trading fees and governance voting rights. Additionally, traders who own $100 worth of DTX in pre-sale are entered into a $1 million giveaway where ten lucky DTX holders win $100,000 each.
All these benefits have allowed DTX Exchange to raise over $600,000 during its presale so far, and projections predict it will reach $1 million before the end of June 2024. Currently, one DTX is only worth $0.04 in step 2 – a 100% ROI for everyone who bought it from the start. However, experts predict a jump to $0.5 once a Tier 1 CEX lists this DeFi coin in Q3 2024.
Why are Avalanche and Injective Whales moving to DTX Exchange?
Whales are shifting their attention from popular DeFi coins such as Avalanche and Injective to the DTX Exchange due to many factors. For example, DTX has a lower market cap and is tied to the $109 trillion stock market. This means that this fledgling DeFi coin will need much less new funding for its price to skyrocket and remain stable amid volatility.
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of The Times Tabloid and is not intended to be used as legal, tax, investment, or financial advice.