As the dark clouds have somewhat driven away from the bearish market, the memecoin community is hoping for new highs and a bit of recovery. While Chainlink (LINK) and Floki Inu (FLOKI) display mixed signals per technical indicators, the market sentiment has been in full support of the presale sensation DTX Exchange as it launches its Layer 1 protocol.
What’s Next For Floki Inu (FLOKI) After Market Settles?
The memecoin investors are known for their optimistic approach toward meme-based altcoins, as the initial hype behind a memecoin project is for its social media hype or meme popularity. However, the crypto market hasn’t been optimistic for Floki Inu (FLOKI) lately. Over the past week, Floki Inu (FLOKI) has dipped by 7% in terms of its trading value.
Even though its recent partnership announcement with OG Esports for the Valhalla Metaverse Game was expected to bring increased inflows into the network, it didn’t turn out as anticipated. While it did bring Floki Inu (FLOKI) to the spotlight during the launch and promotional events, the memecoin could only secure short-term prominence by gamers but not actual gains.
The Valhalla is a play-to-earn MMORPG game that brings an open-world exploration and turn-based combat theme. It follows the same phenomenon where players can earn rewards based on their gaming skills. As for the post-market recovery sentiment, Floki Inu (FLOKI) might see some gains as other altcoins have begun reversing their lost trading value.
Chainlink (LINK) Eyes A Potential Breakout Opportunity
Trading at $10.34 at the time of writing, Chainlink (LINK) price closed last week in a dragonfly Doji candlestick, representing a potential rebound. Following the price chart reading, Chainlink (LINK) recovered from the crucial support level above $9.30. Chainlink (LINK) has been attempting to regain a bullish sentiment with its $165 million trading volume for quite a while.
The Chainlink (LINK) price against the American dollar formed a double bottom with a bullish divergence on its recent RSI. Nonetheless, Chainlink (LINK) might dip to $8, which was ironically a bullish breakout in the same month last year. According to on-chain data, the Chainlink (LINK) network has posted a decline of 2k non-zero addresses within a month.
It would be fair to say that the increased volatility in the market and the ongoing selling pressure for Chainlink (LINK) and other altcoin networks is a result of the poor performance by Bitcoin (BTC) and Ethereum ETFs in America. This below-par performance has significantly halted the cash flow from entering the altcoin sector.
DTX Exchange (DTX) Breaks Out With A $2.5 Million Presale Rally
While the increased volatility means a steep decline for established altcoins like Floki Inu (FLOKI) and Chainlink (LINK), it paints quite a different picture for DTX Exchange (DTX). This rapidly growing deFi network disrupted the market with its cutting-edge Layer 1 protocol launch, followed by the skyrocketing presale rally.
Its mind-blowing presale, nicknamed “money-making machine” by one of the community traders, has defied the ongoing market sentiment with its state-of-the-art infrastructure and next-generation technological upgrades. The DTX Exchange (DTX) is not just another crypto trading platform; it’s a game-changing, first-ever hybrid blockchain driving massive gains.
The platform offers a unique zero-commission policy, quick withdrawals, and lightning-fast trade execution that develops optimal trading conditions for investors. DTX Exchange also adheres to the outlined regulatory standards to ensure a secure and compliant investment environment so traders can confidently make money in the crypto market.
DTX Exchange Disrupts Market: Becomes First Hybrid Blockchain
Brought to prominence through its growing market demand, the DTX protocol integrates a hybrid blockchain that converges CEX and DEX exchanges. This combination offers an intuitive user experience while delivering top-notch and end-to-end encrypted security protocol which brings various benefits for traders.
Furthermore, the DTX Exchange rewards its users through a ‘partner affiliate program.’ The platform offers a $1,000 bounty for every successful referral. The bonus can be transferred to your wallet or bank account, or you can ask for a direct payout. Such initiatives are poised to drive more inflows toward DTX Exchange’s presale and rank it among the crypto giants.
Learn more:
