Experts identify the recent surge in Near Protocol (NEAR) as a dead cat bounce and think it is very unlikely that it will see any follow-through. Meanwhile, experts have increased their focus on DTX Exchange (DTX) with the launch of Phoenix Wallet and have increased their target of 30X to 50X.
Last week, when the price of Cardano (ADA) dropped below $0.35, Cardano (ADA) holders also moved their funds to the DTX presale, as one rally in the DTX price would cover the coin’s previous losses. We will discuss the recent events in the crypto market around Near Protocol (NEAR) and Cardano (ADA) and also the features of the DTX platform that are attracting investors from all over the world.
Hyundai Card Partnership With Near Protocol (NEAR)
On the 7th, Hyundai Card announced it would join Modern Lion in “REDACTED,” a global Web 3.0 conference organized by the NEAR Foundation, which runs the NEAR Protocol (NEAR) blockchain network.
In July, Hyundai Card partnered with Modern Lion and the NEAR Foundation. Through this partnership, Hyundai Card plans to use the NEAR protocol (NEAR) for NFT tickets at major events, enhancing transaction security and making it more convenient for customers.
Charles Hoskinson Reveals Personal Investment in Cardano (ADA)
Cardano (ADA) founder Charles Hoskinson recently revealed a surprising financial commitment, sharing that he invested $450 million into the ecosystem. Despite ongoing criticism, Hoskinson remains dedicated to Cardano (ADA). He frequently addresses Cardano’s challenges and consistently pushes back against outside skepticism.
Cardano (ADA) Investors are still unsure whether the election surge in price will form a reversal, as it is still trading below the $0.4 level. Cardano (ADA) is currently above the key short-term moving averages with a market cap of $12.9 billion. It is currently positioned among the top cryptocurrencies by market cap.
DTX Exchange Set To Skyrocket As Presale Nears End
Due to the continuous development of its hybrid exchange approach, DTX Exchange has risen by 300% from the first stage. The platform’s commitment to trader reform and efficiency has increased the demand for its presale. Also, the recently launched Phoenix Wallet added over $1.2 million in inflows in the fourth stage of the presale.
Phoenix Wallet provides a simple and easy interface that helps beginners start their journey in the decentralized world. This wallet is non-custodial, so users would have complete access to their trading funds without requiring any KYC check. Phoenix wallet is the most secure wallet because of the smart contracts and continuous updates by the team.
DTX Exchange has gained popularity because it combines the best of centralized and decentralized exchanges. The DTX platform integrates traditional assets like stocks, ETFs, forex, etc., with digital assets like cryptocurrency and NFTs in a unified platform. The outstanding 1,000X leverage has been one of the selling points of DTX presale.
Due to its tools that have boosted community engagement, DTX has become a key player in decentralized finance (DeFi). The ongoing presale reflects this growing interest, with investors eager to secure early positions ahead of the next price increase.
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