Many altcoins have bounced back over the past week, but some notable tokens continue to underperform. Near Protocol (NEAR) dropped by 13% in the last seven days, while Bitcoin Cash (BCH) also struggled, losing 5.43% this week. In contrast, the decentralized hybrid exchange DTX has gained attention as it enters stage 3 of its presale, nearing 7,100 holders in less than a month.
The market fear greed index is at 34, suggesting a slight fear in the market. Some of the Bitcoin Cash (BCH) and Near Protocol (NEAR) have booked their positions and diversified into low-cap coins like DTX Exchange (DTX).
Near Protocol (NEAR) X Page Got Hacked Again
The X account of Near Protocol (NEAR) was hacked on Wednesday at 8 PM (UTC+2). The attacker, whose identity is still unknown, used the Near Protocol (NEAR) account to post hate messages targeting the crypto and Web3 sectors. Fortunately, no malicious links or scam token addresses were shared, so the Near Protocol (NEAR) community didn’t lose any funds.
Despite this, the hacker kept control of the Near Protocol (NEAR) account and continued to criticize the $2 trillion cryptocurrency market and its blockchain industry. This is the second time Near Protocol (NEAR)’s X account has been hacked this year, with a similar incident occurring in May. Near Protocol (NEAR) joins a growing list of DeFi and crypto projects facing security breaches.
What Are the Usecases Of Bitcoin Cash (BCH)?
Bitcoin Cash (BCH) was created to solve Bitcoin’s scalability problems by offering faster transactions and lower fees. Bitcoin Cash (BCH) is designed mainly as a digital currency for everyday use, making it ideal for purchases, small payments, and peer-to-peer transfers. By increasing the block size, Bitcoin Cash (BCH) allows more transactions per block, reducing network congestion and ensuring smoother transactions, even during high demand.
Beyond its role as a payment method, Bitcoin Cash (BCH)promotes financial inclusion, especially in areas with limited access to traditional banking. Its decentralized system lets users send and receive money without intermediaries, making Bitcoin Cash (BCH) useful for international remittances and cross-border payments.
DTX Exchange (DTX) Bringing Revolution In Trading Industry
DTX Exchange enjoys a significant position with the new technology and first-moved advantage. It is a novice in the crypto market but could be an online trading leader in the days to come. The exchange used a hybrid trading model to allow investors to trade various asset classes, including crypto and stocks. Discussions could be held with lawmakers on adding a sign-up check to the exchange.
The DTX utility token would be the basis of the platform, which will bring many advantages to the holders of these tokens. This may be the occasion to purchase the token at a cheaper price. The process of one’s voting will then be added to the pool of considerations. Also, anyone who buys DTX worth $100 from the pre-sale can participate in the $1M giveaway, with ten winners, each getting $100K.
DTX has secured over $2.5 million in the third round of the presale, which shows investors’ confidence in the platform. Before the presale ends, the price is expected to hit $1 from the current level of $0.06 giving an oppotunity of 1566%.
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