The search for new and promising cryptocurrencies is a never-ending quest. Given the lucrativeness of presale tokens, they have become one of the most used strategies in the crypto space. Lately, Polygon (MATIC) and Arbitrum (ARB) investors have been showing quite a keen interest in DTX Exchange (DTX).
This new player aims to reshape the $10 billion global trading market, setting it up for adoption. This also paints a bullish picture, with investors in a frenzy to become early adopters. On the verge of explosive growth, experts hailed it as the next crypto unicorn.
DTX Exchange (DTX): A New Favorite Among Investors
DTX Exchange (DTX) is a new exchange-based token stirring up quite a buzz. Its approach will be different from established players, being that it will combine the best elements of centralized and decentralized exchanges. This will birth a hybrid protocol where users can trade traditional assets like stocks, derivatives, bonds and commodities, as well as digital assets like cryptocurrencies.
In addition to reimagining TradFi, the DTX token will have real use cases. It will be used to pay for trading fees on the platform, access premium features, use as incentives, staking and governance. This lends it much-needed utility, driving huge demand.
Given the above, it is clear why investors have been betting big on the DTX token, including Polygon and Arbitrum holders. A token is reasonably priced at $0.04 in round 2 of the ICO, with a 75x upswing projected after its market debut. To make the most of this bullish wave, we recommend becoming an early adopter.
Polygon (MATIC): Retests $0.4
Polygon (MATIC), a leading Layer-2 scaling solution on Ethereum, is one of the top altcoins. Its performance this year has sparked mixed reactions, from its explosive growth in the year’s first half to its underwhelming performance in the second half.
Like the rest of the wider crypto market, Polygon registered an annual peak price of $1.2 during the March high. Sentiment was euphoric this period and investors were in significant profits. However, things took a turn as the broader market tumbled, pushing Polygon crypto to the downside.
It revisited $0.4 in the year’s second half, with sentiment quickly turning gloomy. But its decline isn’t isolated; it is part of the overall market dip. To hedge against further decline and position for gains, Polygon holders have been shifting to more promising ICO tokens, hoping to make the most of the remaining bullish wave.
Arbitrum (ARB): Token Unlock to Affect Demand-Supply Dynamics
Arbitrum (ARB) is another Layer-2 scaling solution. It employs optimistic rollups, which improve speed, scalability and cost-efficiency on Ethereum. The token itself has governance functions.
Following the recent market downturn, which saw it plummet below $0.5, the Arbitrum token is back on the upside. It regains the $0.55 support, with sights set on flipping the $0.7 key price level. The overall market condition and sentiment will play a crucial role in its next move, with traders taking up positions.
However, the Arbitrum crypto unlock this month is an event to consider. Millions of ARB tokens will be unlocked in the coming days, potentially affecting the demand-supply dynamics.
Conclusion
The underwhelming performances of Polygon and Arbitrum and fear of further declines drive interest in DTX Exchange. This emerging altcoin and low-cap gem boasts significant upside potential, with early holders positioned for a potential 75x upswing post-launch. Given its huge growth prospects, it is a new DeFi project to bet on.
Visit the official DTX Exchange (DTX) website for the latest updates and information.