DTX Exchange Presale Passes $800k; Bitcoin Struggles to Reach $65K, Market Demand Shifts to LayerZero and BONK

DTX Exchange presale tops $800k as Bitcoin struggles below $65k. Market shifts focus to LayerZero (LZO) and BONK, with notable gains.

A trickster guy playing around with toxic blockchain potion.
Created by Kornelija Poderskytė from DailyCoin

The market mover and the leader, Bitcoin, is moving in the lower trendline of the channel and is struggling to get to $65,000. Bitcoin price made a high of $63,794 after a continued bearish month. 

In between the dull momentum in the market, the newly launched LayerZero (LZO) is seeing good demand. After the launch, LayerZero (LZO) fell nearly 35% but is back at the highs in a few days. BONK price is also showing good strength and is up over 40% from the low.

Sponsored

In this article, we are going to talk about the increasing demand in LayerZero (LZO) and BONK and a New DeFi, which has the best innovative business model in the history of crypto.

Witch is conjuring crypto tokens.

LayerZero (LZO) Launch, Set to Explode?

LayerZero (LZO), a protocol that makes communication between blockchains easier, has just launched its own token called ZRO. The foundation did an airdrop last month. After the launch in just a few days, LayerZero (LZO) fell more than 35%, but its now trading at its high.

Weather LayerZero (LZO) will move explosively or not will be decided here. If the price breaks above the current level of $3.71 with good volume, we can see a good move in the token.

There are 1 billion ZRO tokens in total. Of these, 38.3% are set aside for the community, 32.2% for strategic partners, and 25.5% for the core team. About 85 million tokens, or 8.5% of the total supply, are available in the current airdrop.

BONK Ready for Reversal 

After a downtrend of nearly a month and a decrease of over 50%, BONK seems ready for a reversal. At the time of writing, BONK price is up nearly 7.31%, heading towards the major level of $0.000030.

The slow momentum in the market can definitely affect BONK. The support on the lower side for the BONK price is $0.000021. The ascending trendline is working as a support for the BONK price and has given it a good bounce.

Sponsored

BONK got rejected from its short-term exponential moving average (EMA) on the weekly chart. However, it’s currently trading comfortably above its 200-period EMA, which is a positive sign for its long-term trend. If BONK can break through this resistance level, there’s a chance we could see it head back towards its previous high around June 12.

DTX Exchange Presale Passes $800K in a Month

DTX Exchange (DTX) has been on a rapid rise, raising over $800,000 in less than a month, outpacing its competitors. DTX is positioned as a key player in the market, known as a pick-and-shovel investment opportunity.

It combines the security of a decentralized trading platform with the efficiency of a centralized exchange’s order book. Unlike traditional platforms, DTX’s order book operates entirely on the blockchain, ensuring transparency for all users. 

Its scalable design and innovative liquidity mechanism, Distributed Liquidity Pools, offer the low slippage and performance benefits of centralized exchanges while maintaining the decentralized advantages of DeFi.

In essence, DTX Exchange aims to be the next major hub for decentralized finance, offering traders a blend of security and performance that bridges the best features of both decentralized and centralized exchanges.

Click here to know more about the presale.

This article contains a press release from an external source. The opinions and information presented may differ from those of DailyCoin. Readers are encouraged to independently verify the details and consult with experts before acting on any information provided. Please note that our Terms and Conditions, Privacy Policy, and Risk Warning have been recently updated.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Sponsored Content

The opinion of DailyCoin’s partners in a single voice.