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The crypto market has been highly volatile over the past few weeks, but Binance Coin and Litecoin have outperformed the market. However, as uncertainty for the BNB price and LTC increases, whales diversify with the viral ERC-20 altcoin DTX Exchange, which has gained immense demand despite changing sentiment.
DTX’s token presale has raised over $14 million in record time, making it one of the fastest-rising presales of the year. Whales expect this altcoin to provide explosive returns and outshine Litecoin and the BNB price in the next bull run.
Binance Coin Encounters Crucial Resistance: Can It Break Out?
Binance Coin has been stuck in sideways price action for almost a year. During the massive rally in November, the BNB price surged over 40%, reaching a new All-Time High (ATH) at $793.35. Despite this upward momentum, Binance Coin faced significant rejection at this level. As a result, the BNB price consolidated for the next two months.
Courtesy: TradingView
Binance Coin gained over 25% this week and reached the $732 resistance yesterday but dropped from here, failing to break out. The BNB price has declined over 5.7% today and trades at $666.85. The daily trading volume has increased 27% in the last 24 hours, indicating increased demand for Binance Coin despite the plunge.
The BNB price has an RSI of 54, meaning it is in the neutral zone. The MACD oscillator is indicating increasing bullish pressure. So, if demand rises, the BNB price may surge again.
Will Litecoin Move Out Of Consolidation?
Due to reduced demand after its 100%+ rally, Litecoin has been consolidating for the past two months. It has been experiencing wild swings in the $97-$144 range. Two weeks ago, sell-offs increased, and Litecoin plunged. It dropped over 40% within four days, but bulls entered at $80 on 3 February, and it quickly recovered from this fall.
Litecoin has surged over 3.4% today and trades at $127.18, but its trading volume declined 17%. It is trading above the short-term 10-day and 20-day SMAs and is approaching the $134 resistance.
DTX Exchange: ETH-Based Altcoin Rivaling Binance Coin
DTX is an emerging utility altcoin that is the native token of DTX Exchange. This is the first-ever exchange to incorporate traditional financial instruments into a decentralized platform. It offers over 120,000 assets, including stocks, bonds, crypto, forex, etc., and gives users up to 1000x leverage on many of them.
At the platform’s core is the native layer-1 blockchain, VulcanX, which is made by seamlessly merging centralized and decentralized protocols. DTX provides better transaction speeds through this network than most conventional exchanges, with a recorded rate of 200,000 TPS in the latest testnet phase.
The DTX token is essential to unlock advanced features. Token holders can use enhanced analytics tools, get priority customer support, and are rewarded with loyalty points for their continued engagement with the platform. They can also participate in the VIP rebate scheme to earn passive income. This scheme provides members with up to 3% of the daily profit made from trading fees.
Final Thoughts
DTX has started a bonus round for the presale due to massive demand from investors after the last stage. The token currently has a value of $0.18 and has provided early investors with up to 800% returns from the initial price of $0.02 in presale stage one. DTX will launch at $0.20 in March, giving presale participants a final chance to make quick returns.
Moreover, DTX has a total supply of 475,000,000. So, if the project can reach the same level as Litecoin and attain a $10 billion market cap after listing, the value of each DTX token will be $20. This would mean a 100x rally after the listing, surpassing the potential surge of the BTC price and LTC.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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