It is another week of Bitcoin (BTC) holding strong above $65,000 and the goal remains the same: a new peak. Ethereum (ETH), the leading altcoin, also trades around $3,500, buoyed by the excitement around the launch of ETFs. Showing bullish indicators and aiming to ride this bullish wave are Layer-2 tokens: Polygon (MATIC) and Arbitrum (ARB).
At the same time, DTX Exchange (DTX), a new player that aims to breach the gap between TradFi and DeFi, is quickly becoming an investor favorite. It recently soared past $1 million in presale, hinting at optimism and confidence in its potential.
DTX Exchange (DTX): A New Favorite Ahead of Arbitrum and Polygon?
DTX Exchange (DTX) is an innovative project aiming to bridge the distance between traditional and decentralized finance. Traders will no longer be limited to traditional asset classes, as it intends to open up a world of opportunities to diversify portfolios.
Its vision is to create an inclusive, secure and technologically advanced financial ecosystem. This includes a diverse range of assets: equities, foreign exchange (FX), contract-for-differences (CFDs) and cryptocurrencies. Some of its many perks will include up to 1000x leverage, access to over 120,000 assets and no KYC requirement.
With adoption all but imminent, it is a new player to watch out for in the 10-billion-dollar global trading market. The ongoing presale has become a new favorite as a result, with a staggering $1.1 million raised in the second round. Meanwhile, the token is competitively priced at $0.04, which experts project will experience a 50x jump in value post-launch.
Polygon (MATIC): Collaboration WIth Irreducible
Polygon MATIC is one of the popular Layer-2s in the crypto space, providing much-needed scaling solutions for developers and projects. While it had a remarkable first quarter—recording an annual high of $1.2—it has since retested $0.5. Nevertheless, the team continues to build, with holders more bullish than ever, especially with clear bullish indicators like the launch of ETH ETFs.
In the latest development, ZK researchers at Polygon Labs and Irreducible are building a Binius-based ZK virtual machine for the AggLayer—an interoperability platform that provides cryptographic safety for shared pools of assets among chains. This product is expected to be ready for testing at the end of the year.
The above highlights the growing dominance of the Polygon Network in the L2 space. It also places it on the list of the best altcoins to invest in, despite its months-long decline. With a comeback brewing, investors have been scooping up MATIC in their Polygon Wallet.
Arbitrum (ARB): Gearing Up to Surpass $1
Arbitrum (ARB) is another Ethereum Layer-two scaling solution. It takes a unique approach by employing optimistic rollups to improve speed, scalability and cost-efficiency. Similarly, it is primed to skyrocket as ETH ETFs go live, with growing whale activity also signaling a rally.
Given its high throughput and cheap transaction fees, it is no surprise that the Arbitrum Bridge is one of the most frequented destinations. This paints a bullish picture, making ARB one of the best altcoins to invest in.
As such, investors have been buying the dip and stacking up their Arbitrum wallets ahead of what might be a big jump. Analysts predict a rally past $1 before the end of August. If nothing else, it is a token to keep on the radar.
Conclusion
Polygon continues to make waves in the layer-2 ecosystem, evident in its ongoing collaboration with Irreducible. Meanwhile, Arbitrum gathers steam for a rally past $1 amid ETH ETF buzz and rising whale interest. Also basking in the spotlight is DTX, a novel project at the intersection of TradFi and DeFi, recently soaring past $1 million in presale.
Visit the official DTX Exchange (DTX) website for the latest updates and information.