It has been a tumultuous week, not only for crypto but the wider financial landscape. Geopolitical tensions and recession fears are at the heart of the huge market selloff, turning sentiment from promising to gloom. Starknet (STRK) and The Sandbox (SAND) were among the tokens hit the hardest, but a comeback is nonetheless on the cards.
Meanwhile, presale tokens like DTX Exchange (DTX) defy broader bearish sentiment. Its bullish trend continues, raking over $1.2 million in round two of the ICO. Part of the factors driving demand are the imminent adoption of its hybrid model in the trading world and its significant growth prospects.
DTX Exchange (DTX): Defying Wider Bearish Trends
DTX Exchange (DTX), a novel altcoin that combines the best elements of centralized and decentralized trading platforms, continues to soar in presale. In stark contrast to bearish trends in the wider crypto market, it sells out fast, hinting at explosive growth after its debut.
By utilizing the power of blockchain technology and integrating key features of DEX and CEX like global accessibility, financial inclusion and security, it aims to transform the $10 billion global trading market. Its hybrid trading protocol will open up a world of opportunity, allowing seamless trading of thousands of assets across crypto, stocks and bonds.
The presale is currently in round 2 and a token costs just $0.04. Meanwhile, with unmatched optimism, analysts predict a substantial 50x rally after its launch and listing on Tier-1 exchanges. This makes it a more compelling altcoin than established ones like Starknet and The Sandbox.
Starknet (STRK): Anticipating a Bounce Toward $0.5
Starknet (STRK) is a ZK-Rollup that operates as a Layer-2 network on Ethereum. It enables decentralized applications (dApps) to achieve unlimited scale for their computation without compromising security. Following its market debut in the year’s first quarter, it has cemented its status as a top altcoin, with the Starknet airdrop among the biggest in 2024.
However, there has been a steep decline since its launch, shedding over 80% gains from its all-time high of $3.66 in February. The recent bloodbath further pushed Starknet crypto into bearish zones, sparking concerns among holders and the wider crypto community.
Nevertheless, a comeback is on the cards—already unfolding. The bulls have been forcing a rally, with recovery underway. A jump past $0.5 is anticipated before the month’s end, placing it on the list of altcoins to watch out for. Savvy investors are ahead of the curve by grabbing big bags and one of their preferred storage destinations is the Starknet wallet.
The Sandbox (SAND): Comeback Unfolds
The Sandbox (SAND) was one of the many tokens that declined sharply after the recent market’s bloodbath. Besides its use-case as a store of value, it plays a key role in GameFi, aiming to introduce blockchain technology in mainstream gaming. The Sandbox Game is a virtual world that allows users to create, build and trade digital assets as a game.
However, it tumbled as the crypto market nosedived, falling below $0.3. This price level was last seen in 2021 before its all-time high of $8.44 in November. Unsurprisingly, concerns have been flying within the community, with many already cutting their losses and continuing their search for more promising altcoins.
Nevertheless, a bounce seems to be underway as interest picks up and The Sandbox token registers slight gains. Analysts believe this might be the start of a big leap, with the anticipated token unlock on August 14 (181.4 million SAND) set to push volatility up a notch.
Conclusion
The recent market correction pushed Starknet and The Sandbox further into bearish zones. Meanwhile, DTX Exchange trades on the upside amid massive interest and demand, propelling the presale past $1.2 million in raised funds. With adoption imminent, given its novelty as a hybrid protocol, it is undoubtedly a new DeFi project not to miss out on.
Visit the official DTX Exchange (DTX) website for the latest updates and information.