This In-demand Altcoin Signs Up 16,000 Users With Hybrid Blockchain Launch as MATIC and LINK Investors Exit
Polygon (MATIC) finally completed the migration on Ethereum’s mainnet but couldn’t hit the desired price target. Chainlink (LINK) dips below $10, while the emerging deFi protocol DTX Exchange outshines the status quo with its cutting-edge L1 blockchain technology. This hybrid platform is poised to lead the market sentiment with its skyrocketing presale demand.
Polygon (MATIC) Shows Weak Price Movement Post-POL Migration
Polygon (MATIC) has successfully completed the prolonged migration to POL and has upgraded to the new alias. Despite the 925% volume surge, the user activity in the Polygon (MATIC) network has dropped in the last 24 hours. Technical indicators suggest that Polygon (MATIC) might drop to a lowest $0.35 or a highest $0.55 depending on market sentiment.
Even though the network had anticipated high gains from the network, Polygon (MATIC) failed to spark hype in the market through migration from its native MATIC token to POL. On the contrary, there was a decline in user activity, a surge in holders offloading their tokens, and increased selling pressure on the newly migrated POL price.
With a silent market reaction toward its highly anticipated token migration, Polygon (MATIC) is now orbiting critical price boundaries. Analysts say that the monthly 9.12% decline in the Polygon (MATIC) network’s trading value shows a potential for more downward price movement if the project doesn’t overcome market challenges.
Chainlink (LINK) Major Price Correction Loses Community Support
Ranked 15 based on its market capitalization, the Chainlink (LINK) selling price has slumped by 10.54% within one week. Its 24-hour trading value has seen a minor pushback of 2.47%, equalling $3.5 million, which indicates further downward movement if the Chainlink (LINK) network fails to recover from the slump.
Often seen as a solid cryptocurrency project, the decentralized Oracle network by Chainlink (LINK) that links smart contracts with critical off-chain information provides advanced use cases for blockchain technology. Despite the surging demand for next-gen blockchain technology, Chainlink (LINK) has failed to keep up with the market volatility and dropped to critical levels.
As of September 6, Chainlink (LINK) is trading at $9.91 with a minor 2.91% dip in the last 24 hours. The altcoin has strong financial backing with a $6.02 billion market cap and a 24-hour trading volume of $176 million. Analyzing the weekly chart, Chainlink (LINK) has tumbled by over 9%, from a $11.40 high to moving above the $10 support.
DTX Exchange Surging Demand Onboards Another 16,000 Users
Amid the intensified selling pressure in established altcoin projects like Polygon (MATIC) and Chainlink (LINK), the DTX Exchange (DTX) has proven to be the best investment opportunity for investors to land massive gains and seek shelter until the market sentiment halts testing major cryptocurrency projects.
Unlike traditional exchanges that require users to meet a certain criteria, DTX Exchange enables users to trade freely without imposing minimum account balance requirements and residency restrictions. This is one of the reasons why traders are choosing DTX Exchange over other top-tier exchanges out in the market.
This hybrid platform outsmarts traditional platforms by offering a wide range of financial instruments exceeding 120,000. Typically, old-fashioned exchanges only give access to a limited range of asset classes, which limits traders from landing high-ticket opportunities and benefits.
DTX Exchange Presale Kicks Off Massive Rally, Crosses $2.5 Million
Given its ongoing presale rally, the DTX Exchange is well-equipped to smash all previous presale records, eyeing a $3 million milestone. The network has already raised over $2 million in a private seed round, over $100,000 in a public presale, and roughly $2.8 million in an ongoing presale at $0.06 per token.
DTX Exchange’s fast-growing adoption among investors and traders has ranked the hybrid platform among the best-selling presales in 2024. This deFi project has sold over 11 million tokens to date. It boasts a community of over 20,000 unique token holders, with many interested in joining its booming presale over Polygon (MATIC) and Chainlink (LINK).
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