The post DeFi Token Makes History With Green Candles In Red Market, Why Is It Performing Better Than MATIC & Litecoin? appeared first on Coinpedia Fintech News
After many tries, the crypto market has failed to change the trend upwards. Bitcoin broke the support level and is trading at $58,917 at the time of writing. Polygon (MATIC) broke the ascending trendline, acting as a major support, and Litecoin (LTC) is trading at the major support of $70.
Amid this further correction in the market, DTX Exchange is leading among the altcoins. This is a new DeFi token which has been doubled in a month after the launch. Experts are very optimistic about it and expect it to become the top altcoin of 2021.
Polygon (MATIC) To Hit An All Time Low?
Polygon (MATIC) is currently priced at about $0.521, with a market capitalization of $5.15 billion, ranking it 21st in the global cryptocurrency rankings. There are 9,892,156,917 Polygon (MATIC) tokens in circulation. Polygon’s all-time high price is $2.92, and its 24-hour trading volume is $433 million. Polygon (MATIC) has again changed the trend downwards, and more downtrends can come if the price doesn’t take support soon.
Polygon (MATIC) is just 5% away from its 52-week low. $0.5 is a major support level for Polygon (MATIC). It’s trading below its key moving averages, both short-term and long-term, indicating more bearishness in the price.
Over 25 Million Ordinals Inscribed On Litecoin (LTC)
Over 25 million ordinals have been inscribed on Litecoin’s (LTC) proof-of-work network. Notably, a record-breaking 1.5 million were added in just two weeks, marking a significant development for the network. Recently, the average transaction fee on the Litecoin (LTC) network stood at $0.0037, which has remained steady over the last few months despite the launch of Ordinals in early 2023.
Since Litecoin (LTC) is a Bitcoin fork, inscriptions work similarly. They use their capabilities to immutably and transparently store arbitrary data, including texts and images. Because all inscriptions are stored on-chain, other users can confirm their authenticity and provenance.
DTX Becoming Best Altcoin of 2024
Polygon (MATIC) and Litecoin (LTC) are major coins in the crypto market, showing remarkable resilience. However, these two leading coins are highly susceptible to market volatility, pushing some investors to consider DTX Exchange (DTX), a more stable presale coin.
DTX Exchange offers several benefits that traditional digital assets don’t. One major advantage is the minimal trading costs, which help traders maximize their profits. The platform supports a wide range of trading assets, including cryptos, forex, CFDs, and commodities, all in one place.
The platform follows a community-centric approach, giving users voting and governance rights. Users also get first access to prospective airdrops. Other notable benefits of DTX Exchange (DTX) include multi-tier accounts that cater to various user needs and non-custodial wallets for enhanced privacy and security.
These features enhance the overall trading experience on DTX Exchange’s platform. Additionally, investors can benefit from the ongoing presale. Currently in stage 2 and priced at $0.04, the presale offers an opportunity to buy in before the ICO price reaches $0.12.
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