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The presale of DTX Exchange is capturing market interest as it has managed to raise just over $6.5 million and plans to integrate DEX and CEX elements within its independent Layer-1 blockchain. Providing up to 1000x more liquidity than most existing cryptocurrencies, DTX is designed to facilitate both crypto and traditional financial operations, without the need for additional blockchains.
According to analysts, listing the Binance would significantly have an impact on the price of DTX through the roof as a 1 ETH investment opportunity. However, BTC and ETH have painted a bullish picture if key support levels are intact, such as what we see Bitcoin is currently trading below the realized price and ETH is good for a short-term up move.
It is currently priced at $68,608 below the realized price of $69,352 thus slowing down the chances of a bounce back to $72,000. Hitherto, prices tested below the realized price imply that the amount of selling pressures is bearish, therefore depressing the market. Although prices managed to go slightly above this level in the past, the Bitcoin price has been struggling and recently fell below this level as market participants wonder how low the price of BTC could go.
According to a recent analysis, it explained that if the price manages to hold the $69K, then it could surge to $78K. However, the prolonged trading below the realized price gives the impression that the company’s stock has more downside than upside in the current bear market. Bitcoin has gained 60% of the market share recently, proving it is back from the aggressiveness of the altcoin season this past year.
The Ethereum is currently trading at around $2,516 and seems to face incredible levels of resistance, with some analysts already predicting a downward trend. ETH is expected to reach a level of $1,551 if the bearish trend persists according to analysts, and traders.
The analyst considers $1,551 as another ‘break even’ level for the Ethereum holders and believes that such a price level may lead to further erosion of confidence.
However, some signals suggest a bullish rally in the short term for Ethereum. As per the crypto analyst Therefore, if a wedge pattern is cleared for Ethereum in the future it will be possible for it to move up to $2,750 which will be good news for investorsIn the long-term, Ethereum has certain aims including $6,000 as some experts, under the assumption of other market indicators persist.
DTX Exchange targets a massive audience with an original concept of assets organization. It offers trading in not only the regular Crypto-currencies but also in stocks, CFDs, and Forex making it stand out from a traditional exchange. Despite the high liquidity and the chosen mixed model, DTX states that it can perform up to 10,000 transactions per second based on the testnet’s results.
There is increasing speculation about a possible Binance listing for DTX which most analysts are convinced will have a positive effect on it. Assets on Binance register rather high volatility and if DTX continues this movement, it has the potential to grow not only in price but also in popularity.
Howeover, there have been some successes in recent weeks such as being listed on the CoinMarketCap and clinching the title” Best ICO”. For instance, its VIP Rebate System ensures that its exclusive partners are rewarded with 3% of the exchange’s daily trading profits; therefore attractive to investors.
While DTX records massive presale demand, with investors and industry whales being attracted to the project, questions arise about the potential returns it holds. when market specialists anticipate pumps of up to 500% in value as with other tokens that began their journey with Binance. DTX token costs 0.08$ at the current stage of presale and 0.10$ in the next stage, so there is a chance for early investors.
For Bitcoin and Ethereum to progress, the ability to hold key supports would lead to a bullish percentage of 25%. Bitcoin needs to be trading over $69,000 to indicate a bullish trend while Ethereum has some resistance but has shown short term rally capability. With DTX having one growth trajectory and BTC and ETH another, the investors are closely figuring out how much 1 ETH could make for them if DTX hits its specified targets to make them millionaires.
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