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2 months ago
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Fantom buyers are celebrating a recent price rally as whales show strong interest in DTX’s presale, pushing it to $2.6M. Meanwhile, NEAR Protocol has seen an 8% rise, contributing to the growing excitement in the altcoin market. As these projects continue to gain traction, investors are closely monitoring their next moves and potential opportunities.
In this article, we will discuss Fantom’s rally, the DTX presale, and NEAR’s price surge.
Fantom gains traction in DeFi with low fees and Whale adoption
Fantom (FTM) is emerging as a key player in the DeFi sector, with crypto whales increasingly adopting its innovative ecosystem.
As one of the most advanced DeFi platforms, Fantom enables developers to create next-gen dApps with average transaction fees as low as $0.01.
Fantom supports DeFi contracts, NFTs, and GameFi dApps, competing with DeFi tokens like ETFSwap, Uniswap, and Aave. Its integration with Wormhole, LayerZero, and Squid expands its smart contract capabilities. While DeFi appears robust at present, its long-term sustainability remains uncertain.
NEAR Protocol faces challenges amid market volatility and Innovation
Near Protocol (NEAR) has faced its own set of challenges. Despite the AI sector’s growth, driven by anticipation around NVIDIA’s Q2 earnings report, Near Protocol has struggled with bearish sentiments, highlighting the volatility and investor sensitivity in the crypto market.
The price correction and high volatility underscore the broader market’s cautious approach, especially in segments directly impacted by technological advancements and sector-specific developments.
NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability.
This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”
NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”
DTX Exchange Gains Momentum with $2.6M Presale and L1 Blockchain
DTX Exchange is a highly demanded alternative to Binance among investors. The greatest strength of the DTX platform is its absence of KYC, coupled with instant deposits, withdrawals, and low fees. This enables it to be an attractive choice for both sellers and buyers. Besides, it is open-proof with no KYC, so users can make the same transactions anonymously and instantly.
It also solves challenges like high gas prices and slow transaction speed, and it emerges as an alternative source of revenue for traditional market leaders. DTX is an AI-powered hybrid investment platform using the Ethereum blockchain. Many professional users dealing with conventional trading are at risk of very long wait times due to both the speed and order functions of DTX Exchange.
DTX Exchange (DTX) is slowly beginning to establish itself as a crypto leader. Its ongoing presale performance has been great, raising over $2.6M and potentially reaching $3M next week. Hype could continue growing as DTX Exchange recently launched its own L1 blockchain, which will serve as the foundation for its upcoming trading platform.
The DTX native token costs $0.06 in Stage 3 of its presale. Those who buy it now will see a 33% return once Stage 4 begins and the price jumps to $0.08. Experts predict another potential 50x surge once a Tier-1 CEX lists DTX in Q3 of 2024.
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