Due to their lackluster performance, Stacks (STX) and Filecoin (FIL) investors are shifting to other potential opportunities. Stacks (STX) is down around 50% from its all-time high and is currently trading at $1.93; similarly, Filecoin (FIL) has crashed and is down 60% from its recent high.
Meanwhile, the DTX Exchange is seeing a huge inflow into the presale from the investors of Stacks (STX) and Filecoin (FIL). According to the transaction reports, more and more investors are booking their positions in STX and FIL and shifting to the DTX Exchange, which they see as a much better opportunity.
Stacks (STX) Trading At A Major Resistance of $2
Stacks (STX) showed good strength during the recent price recovery but is now again stuck at the price resistance of $2. This level has worked as both resistance and support, which makes it a key level to watch. Stacks (STX) is still below the 200-day moving average, which is the indicator of long-term price movement. If the price has to start its new upswing it has to cross the 200-day moving average.
When we look at the fundamentals, the Stacks (STX) Network stands out with its unique identity, which has significantly boosted its market value. Stacks are connected to the blockchain network and use the Proof-of-Transfer (PoX) algorithm. This algorithm is practical because stakers can earn Bitcoin by holding Stacks (STX ) in their wallets.
Is Filecoin (FIL) Headed For An All-Time High?
Filecoin (FIL) is one of the worst crypto performers of all time. Filecoin (FIL) has decreased around 98% from its all-time high, and now the price is showing signs of weakness again. The $3.35 level is working as major support for Filecoin (FIL), and the immediate resistance is the $4.82 level.
The Filecoin (FIL) price drop occurred for several reasons. Negative market sentiment and increased regulatory scrutiny played a big part. Tough competition from other decentralized storage networks also added pressure. On top of these, any performance issues within the Filecoin (FIL) network, like slower adoption or technical challenges, can shake investor confidence.
DTX Exchange Gaining More Holders Everyday
Amid the slow market price action and coins like Stacks (STX) and Filecoin (FIL) showing weak price action, the DTX Exchange now has more than 7,000 holders. This number came out after the DTX Presale crossed $1.1 Million mark in just under two months.
DTX Exchange is a revolutionary trading platform offering access to over 120,000 assets with leverage up to 1,000 times. It ensures complete anonymity since it doesn’t require KYC checks during registration.
The platform runs on the DTX token, which offers several benefits to its holders. These perks include priority customer support, the ability to vote on governance issues by staking tokens, and lower trading fees. These incentives have proven to be attractive, with millions of DTX tokens already sold.
DTX Exchange’s ongoing presale has successfully raised over $1,100,000 and is expected to reach $2 million by the end of August 2024. Early investors have already enjoyed a 100% return on investment, and this figure is likely to increase as the presale continues.
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