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Cryptocurrency News Articles
DTX Exchange (DTX): A Top ICO That Combines CEX and DEX Features Raises $2.7M in Early Funding
Sep 21, 2024 at 07:30 pm
Sentiment shifts toward optimism as Fed Chair Powell announces a 0.5% interest rate cut. Bitcoin (BTC) broke past $60,000 and altcoins weren't left behind.
Fresh off the heels of the Federal Reserve’s 0.5% interest rate cut, a wave of optimism swept through the crypto markets. Bitcoin (BTC) surged past the $60,000 threshold, while altcoins followed suit with impressive gains.
Binance Coin (BNB) and Ripple (XRP) both had a strong showing, setting sights on higher price levels. However, amidst this crypto market uptick, one emerging cryptocurrency stole the show.
After kicking off 2023 with a bang, crypto markets have seen a period of consolidation in recent weeks. However, the narrative shifted once again with Bitcoin’s surge past the $58,000 resistance level on May 12.
This breakout sparked a new wave of buying pressure, pushing BTC to highs of $60,240 on May 13. The world’s leading cryptocurrency last traded above the $60,000 mark on April 3, before embarking on a downturn.
↗️ A 0.5% interest rate cut by the Federal Reserve saw Bitcoin (BTC) surge past $60,000 once again, while altcoins like Binance Coin (BNB) and Ripple (XRP) also rallied. However, one cryptocurrency that managed to pique the interest of investors was DTX Exchange (DTX).
After 3 rounds of the ICO, this emerging cryptocurrency had already managed to generate interest from investors, amassing early funding to the tune of $2.7 million.
This phenomenal achievement saw DTX Exchange become one of the top ICOs, thanks to its innovative blend of CEX and DEX, and convergence of traditional and decentralized finance.
DTX Exchange (DTX): A Top ICO
Fresh off the heels of its Layer-1 blockchain going live earlier this month, DTX Exchange (DTX) is the latest cryptocurrency to capture the attention of investors.
This narrative, combined with its unique hybrid Layer-1 blockchain, sets the stage for massive adoption, driving huge demand and interest.
The Layer-1 blockchain integrates conventional financial instruments with Web3 products. Not only can cryptocurrencies be traded; users will have access to traditional assets like stocks, bonds, ETFs and forex, bridging the gap between DeFi and TradFi.
As the platform prepares to shake up and transform the $10 billion global trading market, investors have been showing a keen interest. In the third round of the ICO, over $2.7 million has been raised, priced at $0.06.
With a projected 50x rally after its highly anticipated market debut, it has been hailed as the best new crypto to invest in, set to outclass Binance Coin (BNB) and Ripple (XRP).
Binance Coin (BNB) Anticipated Weekly Close Above $580
Binance Coin (BNB) is at the heart of the current market buzz as it trades on the upside. Reflecting bullish sentiments, it gains significant traction amid the Fed’s rate cut, aiming to reclaim higher resistance levels.
The past 24 hours have been exciting for the exchange-based cryptocurrency. It soared 2.6% on the daily charts, retailing above the $560 support. On the weekly timeframe, Binance Coin (BNB) gained 4%, extending its lead over most top altcoins.
With further upswings anticipated as confidence grows and buying pressure intensifies, the BNB price is on track to skyrocket. Analysts suggest a weekly close above $580, placing it on the list of altcoins to watch.
Ripple (XRP) Eyes Further Upticks
Ripple (XRP), the utility token of a cross-border payment protocol, gained a substantial uptick as the crypto market bounced back. The catalyst is a 0.5% rate cut by the Federal Reserve, pushing the XRP price to the upside.
Besides the daily gain, over 4% increase has been recorded on the weekly charts. It trades above the $0.58 support level, gearing up for a breakout above $0.6. According to a trending XRP price prediction, a rally above $0.65 should be anticipated before the end of Q3.
With the year’s final quarter promising more gains, Ripple (XRP) is among the best coins to invest in. Its clear regulatory landscape and growing institutional adoption, like the recent launch of Grayscale XRP Trust, will be crucial to the next leg of its bull run.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Sangmin Seo: China's Crypto Clampdown Led to the Decentralization of Asia's Crypto Infrastructure
- Sep 21, 2024 at 10:51 pm
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- Dormant Bitcoin Wallets Spring Back to Life, Stirring Speculation and Market Interest
- Sep 21, 2024 at 10:51 pm
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- BNB Nears ATH, Rollblock Promises 200% ROI This Month, Shiba Inu News Makes Depressing Reading
- Sep 21, 2024 at 10:30 pm
- In the latest crypto news, BNB is inching closer to its ATH, and Rollblock’s online casino is set to hit 200% ROI this month. Shiba Inu’s news is not
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- Arthur Hayes Sells $4.4 Million Worth of PENDLE After Bullish Post
- Sep 21, 2024 at 10:25 pm
- On September 11, Hayes made a bullish post on PENDLE, predicting a $10 target when integrated with Bitcoin (BTC) DeFi.
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- Billy Markus Trolls Bitcoin Bulls After the Market Reacts Bearishly to Powell’s Announcement
- Sep 21, 2024 at 10:25 pm
- Billy Markus, known on the X social media network as Shibetoshi Nakamoto, who created the iconic meme cryptocurrency Dogecoin in cooperation with
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- CYBRO Presale Exceeds $2 Million: A One-in-a-Million Next GEN DeFi Investment Opportunity
- Sep 21, 2024 at 10:25 pm
- CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $2 million. This next-generation DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition.
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- Shiba Inu, Dogecoin, and Dogen Surge: What’s Behind the Renewed Hype for These Memecoins?
- Sep 21, 2024 at 10:25 pm
- Memecoins are capturing the spotlight once again as Shiba Inu, Dogecoin, and Dogen experience significant gains. This surge in popularity raises questions
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- Bitgert (BRISE) Makes the Rounds as a Crypto Asset to Watch Out for a Huge Price Movement
- Sep 21, 2024 at 10:25 pm
- Crypto is always buzzing with new projects, but while old players like BNB and Cardano keep solidifying their position as industry favorites, new players like Bitgert are actively growing as worthy competitors.