The crypto market trades downward, just as sentiment is currently low. Top altcoins like Chainlink (LINK) nosedived, losing previous gains. However, top analysts predict a comeback—even stronger than before.
Amid the drop in sentiment and prices, whales have shifted their focus to new and promising altcoins, finding a haven in DTX Exchange (DTX). This novel exchange-based token combines features of CEX and DEX, a favorite ahead of the declining TRON (TRX).
DTX Exchange (DTX): A New Whale Favorite to Bet On
DTX Exchange (DTX) is a new whale favorite for several reasons, from its significant upside potential to the critical problems it aims to solve in the global trading scene. Given its potential transformation of the $3.2 billion global trading market, it is one of the best altcoins to invest in.
Unlike conventional trading platforms, it stands at the crossroads between centralized and decentralized exchanges. This makes it a hybrid trading platform—a shift from the norms. Some of its distinguishing features will be wallet-based trading, distributed liquidity pools and non-custodial storage solutions while allowing the trading of over 120,000 asset classes.
The above makes it a whale favorite, considering its imminent adoption. Also driving demand is its substantial growth prospects as a new altcoin and a low-cap gem. The ICO is in the fourth round and priced at $0.08, offering a low entry to a projected 5,000% uptick. Top analysts predict an explosive debut, with the token already pre-listed on CoinMarketCap and gearing up to challenge the dominance of Chainlink (LINK) and TRON (TRX).
Chainlink (LINK): Is a Comeback on the Horizon?
Chainlink (LINK) is a blockchain abstraction layer that enables universally connected smart contracts. Its decentralized Oracle network—a game-changer—allows blockchains to interact securely with external data feeds and critical off-chain information.
The past few days have been underwhelming for the Oracle-based cryptocurrency. It nosedived over 9% on the weekly chart. The Chainlink price tumbled from the week’s high of $12.4 to retailing above $10.3. A downswing also unfolds on the daily charts, sparking concerns among investors.
However, a Chainlink price prediction suggests a comeback is on the horizon. The commodity channel index (20) is at −188.448, a buy signal, the same as the Williams percent range (14), which is at −87.829. Moreover, the conclusion of the US election might send Chainlink (LINK) to the upside—an altcoin to watch.
TRON (TRX) Loses Steam
The Layer-1 crypto TRON (TRX) is one of the top altcoins, ranking among the top ten cryptocurrencies. On the altcoin list, it is ahead of popular names like Toncoin (TON), Cardano (ADA) and Chainlink (LINK).
Despite largely bearish conditions, its performance in the past month was impressive. The TRON price gained 6% on the monthly chart, trading above $0.16 and outperforming many top crypto coins. However, it is beginning to lose steam, as evidenced by the downturn in the past seven days.
While the MACD level (12, 26) at 0.0019 hints at further downturns, moving averages give a buy signal. However, the US election result might affect the next price trajectory of TRON (TRX), with investors keeping their eyes peeled.
Conclusion
While Chainlink (LINK) trades downward and TRON (TRX) loses steam, DTX Exchange (DTX) has emerged as a new whale favorite. This new player stands at the crossroads between traditional and decentralized finance, aiming to reshape the global trading landscape. Moreover, its upside potential is staggering—a good crypto to buy.
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