Top altcoins like Dogecoin (DOGE) and Chainlink (LINK) were among the gainers for the past week, even if it did take them a while to join the bullish party. However, neither token will sustain its gains for long, as investors are dashing one of the new DeFi presale tokens.
Why are LINK and DOGE suddenly unattractive? And what does the new token offer? Read on to discover!
Chainlink Could Be Approaching $15 Resistance
The LINK token started 2024 on the front foot, joining the Bitcoin rally to reach $20. However, the token has declined steadily since March, reducing in value due to a lack of investor confidence.
As the crypto market weakened, so did most of Chainlink’s metrics. The Open Interest dipped along with the token price, but all that changed with the latest Federal Reserve cuts.
With the general market momentum, Chainlink has managed a moderate 9% gain in the past week, exchanging for $12.79, per CoinMarketCap data. While it might be past its $11 resistance, the real test lies at the $15 mark.
For now, investors are interested in more convincing surges than what we have seen in the case of Chainlink’s LINK.
Dogecoin Edges Past $0.11 Finally
Much like Chainlink, Dogecoin reacted rather slowly to the Bitcoin surge last week despite its correlation with Bitcoin’s price. The token has worked from a dreadful $0.088 low and past its $0.11 resistance, but investors are still not moved.
Many of Dogecoin’s movements are hinged on whale activities and BTC price movements, which are unsustainable for the long term. The DOGE price must still beat the $0.14 level to 20 cents to make a statement surge.
At best, Dogecoin has changed from a bearish state to a hopeful one. If the whales dig in, there might be some ROI from DOGE as it trades up from its current $0.12 price. As for investors, they are off to the new DTX Exchange token to cancel their summer losses.
DTX Exchange: A New Era of Trading With a Touch of DeFi
The crypto-verse is filled with DeFi projects offering users different sector aspects. The decentralized exchanges top the list, offering trading features with the regular DeFi package (token swaps, staking, wallets).
DTX Exchange is one of the new DEXs, bringing a new perspective to DeFi features. Instead of simply providing crypto tokens for traders, the DTX platform offers tradable assets from all financial markets. Stocks, bonds, Forex pairs–you name it, DTX’s got it.
With that range of trading instruments, it won’t be surprising to find stock brokers and Forex traders on the platform, each eager to see what managing their resources from a single interface is like. It might seem too much for beginner traders, but DTX Exchange has covered even that.
There are social and copy-trading options for beginners. In these options, they tag along with the pros, copying their trades and strategies while learning the basics of trading. DTX Exchange could very well become the hub of trading in the crypto verse, and that’s what investors are after.
Investors Choose DTX for a 100% ROI!
With Dogecoin and Chainlink looking like they’ve stretched their limits, not much can be expected from both top altcoins, and it’s understandable why investors are switching to DTX.
DTX’s potential as a presale token is vast. The token guarantees 100% ROI at the end of the public presale when its current Stage 3 price of $0.06 would have spiked to $0.12. Also, with all the exciting features the DTX Exchange platform is bringing to DeFi, experts believe the platform would generate enough utility and demand to inspire a 1000x DTX token surge.
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