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Cryptocurrency News Articles

DTX Exchange Attracts Investors With Unique Approach In The Web3

Nov 22, 2024 at 10:00 am

Investors are flocking to DTX Exchange (DTX) with projected gains of 100X in sight. DTX is the utility token of the DTX Exchange ecosystem and has diverse utilities within the platform.

DTX Exchange Attracts Investors With Unique Approach In The Web3

One of the Ripple millionaires who made over $1 million in profits has moved the rest of his funds into DTX Exchange (DTX) and PNUT. He entered DTX Exchange at $0.1 with an investment of $300k.

After making millions from XRP price moves, he highlighted the unique approach of DTX Exchange in the Web3 space. This has attracted investors with projected gains of 100X in sight.

DTX is the native token of the DTX Exchange ecosystem and has diverse utilities within the platform. The DTX platform is becoming popular among the first entrants in the hybrid space.

DTX Exchange is merging CEX and DEX features into one place, which will largely benefit DeFi users.

The VulcanX layer-1 blockchain will bridge the gap between traditional and digital finance, providing users with diverse options. It will also reduce trading fees and increase the speed to 0.4ms. This has already been tested in the Testnet launch, which recently achieved a speed of 10,000 TPS.

After the main development of the hybrid protocol, DTX Exchange has emphasized security and community. DTX provides a non-custodial wallet, allowing users to control and access their assets anytime. Also, the audit from SolidProof has increased the credibility and security of the DTX Exchange.

DTX Exchange is now in its 5th presale stage, offering DTX tokens at $0.1 each. So far, it has raised over $8 million, which will go towards development and marketing efforts.

Peanut the Squirrel (PNUT) has fallen below the $2 zone after reaching a high of $2.5. The recently launched PNUT went viral due to an internet incident on a Squirrel, and its market cap climbed to $2 billion. PNUT has corrected nearly 40% from the top, dropping to the $1.6 support level.

However, the PNUT price volume in the correction has subsided significantly, showcasing the low strength of the selling. If the current support breaks, it might fall to the next major support of $1. At the same time, the recent high will be the local resistance for PNUT.

News source:bitcoinist.com

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