After the altcoin sector became significantly turbulent following the sluggish momentum of the BTC price trend, notable cryptos have lost millions in the recent correction.
Litecoin (LTC) and Avalanche (AVAX) have witnessed notable outflows since their prices retracted below immediate support levels.
Despite key developments and increasing worldwide adoption, Litecoin (LTC) and Avalanche (AVAX) face head-to-head competition with the emerging DTX Exchange (DTX) for market dominance. The presale project rallies with bullish presale demand among institutional stakeholders for its ground-breaking trading innovations and trader-centric narratives.
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DTX Exchange (DTX) Steals Attention With $1.6 Million Raised
DTX Exchange (DTX) steps into the tradFi market as a cutting-edge trading platform, developed to assist traders enjoy a new era of trading with AI-based schemas and up to 1000x leverage. DTX Exchange has turned the tables with its hybrid model to solve many inherent problems in existing platforms including liquidity, security, and up-to-date analytics.
The hybrid DTX platform offers powerful trading tools including advanced automation strategies, quant and algo trading options, trading APIs, and top-notch risk management strategies. The platform has pioneered merging pairs of stocks and cryptos with maximum leverage, providing an all-in-one platform for diverse traders.
DTX Exchange (DTX) commits to user security with blockchain layer-1 backed security schemas. The project has raised a massive $1.6 million in batch 2 of the public presale after closing the private presale round at $2 million. The platforms also offer an easy-to-use interface for traders to organize strategies for better profitability and market navigation.
The blockbuster success of DTX Exchange (DTX) is attributed to its commitment to community growth through governance rights and access to airdrops. DTX tokens are priced at $0.04 in stage 2 while top-tier analysts believe that the DTX tokens can surge beyond $1 once the token lists on major CEX platforms, promising 10x gains post-launch.
Litecoin (LTC) Faces Heat Amid Disappointing Q3 Performance
This quarter of 2024 has been a failure for the Litecoin (LTC) price trend as it has failed to deliver any promising outcomes for holders. After crossing the $66 threshold amid the hype of its collaboration with Unizen for better scalability, positive capital influx quickly reversed and Litecoin (LTC) price is trading just above the $64 support level in a narrow range.
These prolonged bearish trends have made things difficult for Litecoin (LTC) investors to bet big as the market turbulence is not over. While many crypto experts pose a bullish trend for Litecoin (LTC) to retain the previous $85 support by mid-September, several analysts warn investors amid the exhausting market about a potential reversal to the $50 support level.
Avalanche (AVAX) Price Rally Slows After Discord Hack
Avalanche (AVAX) holds one of the top positions in the gainer list, following a 28% weekly rise. However, the recent Discord hack of the network has posed questions about its security standards. The Avalanche (AVAX) token has witnessed several holders backing out, evidenced by the 1.24% drop in its market cap and a 9% decline in the trading volume.
Avalanche (AVAX) trades below the critical $27 threshold and bears continue dominating the bullish prospects. With improving market conditions and bullish predictions about the altcoin sector, analysts have high hopes for Avalanche (AVAX) to reclaim the $35 support level in the upcoming weeks with more price upticks to follow.
Conclusion
Many established altcoins like Litecoin (LTC) and Avalanche (AVAX) face difficulty yielding promising gains amid a turbulent market. However, the emerging DTX Exchange (DTX) answers the challenging landscape of the cryptos with its cutting-edge tech and deflationary tokenomics, capturing global attention and signaling a shift in investor focus toward its AI-powered platform.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.