DTX Exchange has launched a unified platform for trading stocks, cryptos, and forex using the VulcanX blockchain, the first 100,000 TPS blockchain for DeFi. The DTX ecosystem also features a custom wallet, decentralized apps, and a trading exchange.
Bitcoin Whales Could Trigger $1.6 Billion in Liquidations
Bitcoin traders have taken the entire crypto world by storm by building a massive rally up to $65,000. The unexpected rally has exposed over $1.6 Billion in shorts to liquidation risk if the price potentially rises $70,000. The resulting impact could also push BTC to its all-time high according to leading traders.
Dogecoin Takes Center Stage After Slow September
While Dogecoin was initially envisioned as a meme currency in 2013, the project has evolved into one of the most loved cryptocurrencies today. Backed by the likes of Elon Musk, Dogecoin has an inflationary supply but still continues to drive major popularity. Today, it is considered to be one of the top ten cryptos with a market cap exceeding $17 billion.
While Dogecoin (DOGE) had a lackluster beginning to the year, it has since shown a significant recovery. The altcoin is up 8% on the daily charts and is currently priced at $0.117. The current rise has been driven by a resurgence of memecoins, which has seen the price of other coins like SHIB and PEPE rise over 20%.
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Experts have raised concerns about DOGE losing market share to other memecoins of the Solana network. Whales currently hold over 41% of DOGE supply, limiting access for new traders to benefit from the surge.
DTX Exchange Explodes After VulcanX Blockchain Enters Testnet
DeFi trading platform DTX Exchange has been amongst the most impressive showcases in the crypto market this year.
DTX Exchange has introduced the first unified platform where traders can invest in stocks, equities, cryptos, ETFs, and forex pairs under the same platform. This is enabled by the VulcanX blockchain, which is the first 100,000 TPS blockchain designed specifically for DeFi applications. The DTX ecosystem also includes a purpose-built wallet, decentralized applications, and trading exchange.
The exchange is currently in the pre-launch stage, and users can become early stakeholders by investing in the public presale. DTX tokens are available for $0.06 but are rapidly running out due to the Rebate Program, which allows large holders to get a percentage of profits from the exchange’s trading fees.
DTX Exchange (DTX) has showcased massive demand, with over $3 million raised within months. Users who joined the presale can participate in the $1 million giveaway.
PEPE Gains Steam With Whales Rally
PEPE has recently regained momentum after its Transak listing, which has led to a major increase in addresses holding the altcoin. There has been a 20% increase in addresses holding PEPE.
As a result, PEPE has rallied over 11.7% on the daily charts. The corresponding trading volume is also up 79%, showing a reversal of bearish trends from the previous few months. If the current trend holds, PEPE will face resistance at 0.00012.
Conclusion
For investors looking for some new crypto projects to diversify their portfolio, it could be better to search for newcomers like DTX Exchange.
Learn more:
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