Amid Bitcoin price recovery and Ethereum ETF launch hype, the crypto market is displaying a notable uptrend. Leading the trend are exchange tokens like THORChain (RUNE) and Jupiter (JUP), which have bullish price gains and promising predictions from several market experts.
Parallel on the road is the emerging DTX Exchange (DTX), ready to compete with existing DEX exchanges like THORChain (RUNE) and Jupiter (JUP) with a hybrid trading model and a suite of cutting-edge tradFi features, powered by Artificial intelligence.
Let’s explore the price performance of THORChain (RUNE) and Jupiter (JUP), with the brighter prospects of DTX Exchange that poise it to become the next biggest marketplace in the tradFi sector.
Jupiter (JUP) Price Leads Amid New Token API Launch
Jupiter (JUP) has emerged as the top performer in the ongoing market rally after the launch of its new Ecosystem Token API, aiming to transform token data accessibility. By August 2024, the JUP team plans to phase out its old APIs and encourage users to adopt the latest technologies and the new system.
Moreover, Jupiter’s (JUP) price is believed to make notable strides as the community a reduction in the supply of JUP tokens. According to a recent announcement by the co-founder of Jupiter, known as Meow, a proposal has been submitted to reduce the Jupiter (JUP) supply by 30% which currently lies at 10 billion tokens.
These trendlines have pushed the JUP token under the spotlight with explosive gains. The token price has soared by 12% in the last 24 hours and displays 36% gains on the monthly chart. After closing way above the $1 support level, market experts believe that the Jupiter (JUP) price will display a bullish rally beyond $2 in the upcoming days.
THORChain (RUNE) Displays Resilience With 15% Monthly Gains
THORChain (RUNE) displays a promising trendline with 15% gains on the monthly chart. While the RUNE token is facing fears as it tries to surge past the $4.75 resistance, analysts predict a promising trendline following the community demands about the exchange’s top features, including smooth cross-chain transactions and decentralized liquidity management.
Despite surging bearish sentiments, THORChain (RUNE) indicates bullish potential with an RSI value of 60 and exponential moving averages all indicating a strong buying signal. THORChain (RUNE) price is ready to display a massive showdown as the price navigates through the $4.75 resistance toward a $5 price level.
1000x Leverage DTX Exchange (DTX) Becomes The Next Jackpot
Security and gas fee concerns are not unique to Jupiter (JUP) and THORChain (RUNE) marketplaces but to many other deFi exchanges. Such an ecosystem reduces trader growth and downgrades the reliability of exchanges, triggering poor token performance and a declining user base.
The hybrid model and ability to eliminate security and gas fee concerns sets DTX Exchange (DTX) apart from Jupiter (JUP) and THORChain (RUNE) exchanges. The platform leverages the features of blockchain layer-1 along with robust security protocols to help traders seamlessly navigate through markets of their choice without any security risks.
DTX Exchange (DTX) aims to transform the traditional trading approaches, offering an all-in-one trading solution. The platform boasts 120k+ assets from diverse financial markets including forex, cryptos, stocks, equities, and CFDs with lightning-fast execution speed and AI-powered automation strategies, empowering traders to take up to 1000x leverage for maximum gains with minimum capital.
DTX Community Celebrates $1 Million Presale Milestone
As global investors shift focus to DTX Exchange’s cutting-edge technologies features, the project has raised a mind-blowing $1.1 million in batch 2 of the public presale. The project is poised to become the next biggest exchange due to its scalable and robust infrastructure with advanced and revolutionary strategies and industry-relevant technologies.
The DTX token is ready to skyrocket after its anticipated Q4 CEX listing, potentially reaching beyond $1, promising 100x returns to early stakeholders. Emerging among leading exchanges in diverse financial markets, DTX tokens will become major stakeholders in the crypto sector, promising sky-high gains.
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