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DTX Exchange gains momentum, shifting demand from Cardano (ADA) and Avalanche (AVAX) as Cardano rebounds from key resistance and Avalanche trading expands in Switzerland.
Retracement after the bearish swing has been seen in the crypto market, with coins like Cardano (ADA) and Avalanche (AVAX) retracing to the key resistance level. Despite the retracement, demand has shifted from both the coins to a new entrant.
DTX Exchange is the first hybrid exchange that has the features of both centralized and decentralized exchange. Experts have predicted the DTX Exchange as a major coin like Cardano and Avalanche.
Swiss government launches Avalanche trading
PostFinance has recently expanded its cryptocurrency offerings. The bank now allows trading of Ripple (XRP), Solana, Avalanche, Cardano, and Polkadot. This move is part of PostFinance’s ongoing strategy to incorporate digital assets into its services and cater to the growing demand for these blockchain platforms.
The addition of Avalanche PostFinance’s crypto offerings reflects the increasing interest and development in these blockchain technologies.
Switzerland has been a pioneer in crypto adoption. The Swiss government and financial institutions have enthusiastically embraced digital assets, fostering a thriving environment for blockchain innovation. This is good news news for the Avalanche community.
Cardano retraces back to $0.40 level
Cardano is showing strong price action. After breaking the $0.40 in mid-June, Cardano decreased around 15%, and now the price is retracing back to the same support area which is now the resistance for the price.
The good thing is Cardano is staying well above the short-term key moving averages, indicating the strength in the price. However, it is still below the 50-day moving average, which is a strong indicator of short-term price movements.
Cardano experienced a death cross in May, but this could be reversed with enough bullish momentum. Right now, ADA’s price is below the 50-day and 200-day simple moving averages, but this might change soon.
New defi DTX Exchange leads the crypto space
Market analysts have predicted that DTX Exchange will be the next Cardano and Avalanche due to its strong fundamentals and utility. Whales see DTX as having immense growth potential.
DTX Exchange allows users to trade contracts for differences, stocks, forex, and cryptocurrencies. Its cutting-edge infrastructure and unique trading features offer unmatched opportunities. As the first major exchange to provide 1000X leverage, DTX is setting new standards. It also eliminates KYC requirements.
The platform’s community-centric approach helps traders maximize their investments. DTX community members are well-positioned to seize market opportunities, especially with the $0.04 presale price.
The platform raised over $800,000 within a few of stage 2 of its presale. In the upcoming DTX presale stage, the token price will rise to $0.06. Experts believe DTX has a 100X potential.
To learn more, visit the DTX presale, read the Whitepaper and join the DTX community
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Read More: ADA rebounds, AVAX expands in Switzerland, as DTX Exchange excels