The new cryptocurrency that experts believe will follow in Chainlink’s (LINK) footsteps is the new ICO, DTX Exchange. Many users are flocking to its presale believing it is the next high-growth asset with a strong community and unique features. In other news, Tron’s (TRX) daily active addresses have increased.
Chainlink (LINK) Whale Activity Surges By 293%
IntoTheBlock data show that Chainlink (LINK) is now 293% up in the number of large transactions, which means whales are very active. This translated to $82 million in the last 24 hours or 7.28 million LINK. A rise in Large Transaction Volume suggests that there is an increase in institutional investors buying or selling. In the meantime, the Chainlink price is up on the weekly, biweekly, and monthly timeframes. It is consolidating between $9 and $13 on the monthly chart with a gain of 3%.
Going forward, the momentum around the Chainlink coin is bullish. It is trading above the 50-SMA at $10.94 and has a major resistance it must surpass at the 200-SMA ($14.96). AMCryptoAlex forecast the value of the Chainlink crypto could surge to the moon once it reaches the $20 mark. The analyst told his followers that Chainlink (LINK) is among the most undervalued tokens in the market.
Tron (TRX) Daily Active Addresses Soars Up
According to the data obtained from TRONSCAN, the daily active accounts on the TRON network have averaged 2.62 million accounts for the past month. The result suggests that the daily active accounts in August 2024 were 0.56% higher than the number of daily active accounts in July 2024, which shows active user presence on the platform. Since the beginning of 2024, the number of active accounts has remained majorly above 2 million, with peaks of over 3 million active accounts in March and April.
Despite the increase in active accounts, the Tron price has dropped on the monthly chart. The value of the Tron (TRX) coin has dropped from $0.1625 due to selling pressure. Still, Tron coin is bullish as it remains above the 50-SMA ($0.14718) and 200-SMA ($0.131429). Analysts forecast the value of the cryptocurrency could soar to $0.18245 in the coming weeks.
DTX Exchange (DTX) To Topple the Hierarchy of Crypto Exchanges
DTX Exchange will be a hybrid between centralized exchange (CEX) and decentralized exchange (DEX). It offers users access to more than 120,000 classes of assets, such as forex, bonds, and indices, and does not ask for KYC or identification. By offering forex, bonds, and indices, DTX Exchange is bringing the $714.7 trillion over-the-counter (OTC) derivatives market to crypto. Because of this, experts believe it will challenge the top exchanges.
Also, DTX Exchange has all kinds of charts, graphs, and analytical tools; they enable traders to make the best possible decisions and be among the first to know what’s happening in the market. This hybrid exchange provides huge returns and good profit-making opportunities to investors and retail traders. DTX holders will enjoy benefits like non-custodial wallets and distributed liquidity pools that DTX Exchange has put in place.
Currently, in the fourth stage of its presale, the value of DTX has increased by over 200% in the past few months. The token is priced at $0.06 and is expected to skyrocket by 25x after it is listed on centralized exchanges. Those who have the DeFi crypto will enjoy bonuses and have a say in the governance of the project.
Is DTX Exchange the Next Chainlink (LINK)?
DTX Exchange has been compared to Chainlink (LINK) during its early days and has emerged as the top choice for giant returns in the crypto space. The DeFi project also has an upcoming hybrid trading platform where users can trade both cryptocurrencies and traditional assets at fast speed and low fees.
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