Jobs in the US have not been increasing as expected, with nonfarm payrolls reaching 142,000 in August – lower than the 164,000 that everyone thought. This news has shaken up the crypto market, with many whales looking for newcomers with much growth potential. One such newcomer is DTX Exchange (DTX) – a Stage 3 presale star that recently launched its L1 blockchain.
Meanwhile, Toncoin (TON) has seen some exciting news with a HOT Wallet integration and Michaël van de Poppe remains bullish for Ethereum (ETH). But whales are still ditching these crypto coins for the rookie.
Toncoin (TON): HOT Wallet Integration
Toncoin (TON) has been seeing some noteworthy developments recently. For instance, Toncoin (TON) announced that HOT Wallet had joined its network. Thanks to this event, they can easily integrate their 21M users into The Open Network. HOT Wallet users can also send TON and jettons or trade on the TON Network at reasonable rates.
However, this Toncoin news has yet to reflect positively on its value. The Toncoin (TON) value has fallen over 20% on the monthly chart. Additionally, the Toncoin crypto sits below its 50-day EMAs, which means there is currently selling pressure.
Due to all these factors, market analysts remain conservative in their price predictions. They forecast Toncoin (TON) trading at $5.80 before October 2024 ends. This has made many whales turn to other projects with more growth potential.
Ethereum (ETH): Well-Known Analyst Remains Excited
Ethereum (ETH) is another crypto that has been showing bleeding charts. CoinMarketCap data shows that the price of Ethereum (ETH) fell over 10% on the 1-month chart. This drop can be attributed to the higher ETH ETF outflows in the first week of September. But, crypto analyst Michaël van de Poppe remains bullish for Ethereum (ETH).
According to his X post, Poppe is excited about the ETH chart. The bullish divergence is still in play, and the downtrend will be broken soon. Poppe also says this Ethereum (ETH) momentum could trigger a market-wide rally.
As a result, experts have made a bullish Ethereum price prediction – potentially hitting $2,500 in the next few months. However, some Ethereum (ETH) whales are rapidly adding DTX Exchange (DTX) to their portfolios as per on-chain data.
DTX Exchange (DTX): L1 Blockchain Launch Is Turning Heads
DTX Exchange (DTX) is one of the hottest presales as per some analysts. It has already raised over $2.5M and could hit $3M before the end of next week. The recent L1 blockchain launch of the DTX Exchange has boosted this performance. The L1 blockchain will serve as the foundation for this trading platform, which Crypto Chino says could be one of the best.
They are saying this as DTX Exchange brings something new – a hybrid trading model combining CEX and DEX’s best. Therefore, people can buy over 120K asset classes like crypto coins, gold and stocks in one place at a 1000x leverage. Plus, DTX Exchange does not do any sign-up KYC checks, giving all complete privacy – a big advantage over its peers.
The DTX utility token will power this platform. Holding it will give you access to better analytics tools and smaller trading fees. It is now in Stage 3 of its presale and costs only $0.06. Those who bought it early are seeing a 200% return. However, this price will jump to $0.08 after Stage 4 begins, and experts predict another 60x surge once a Tier-1 CEX lists it in Q3 of 2024.
Why Are Toncoin (TON) and Ethereum (ETH) Whales Turning to DTX Exchange (DTX)?
As Toncoin (TON) and Ethereum (ETH) seem to be experiencing challenges and price downtrends, DTX Exchange is making a name for itself. Whales are gravitating to it because it has a smaller market cap than these crypto coins and also taps into many markets, like the $17T gold one. In other words, this rookie needs less new money for its price to skyrocket while also being more stable in the long run.
Learn more:
- Buy Presale
- Visit DTX Website
- Join The DTX Community
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