Tron (TRX) and Celestia (TIA) cryptos face notable value depreciation amid stemming fears about a US recession, triggering a historic drop in the price of Bitcoin (BTC) after 2021. Investors move their capital to safer investment options like Gold, bonds, or top crypto presales rather than Bitcoin (BTC) or under volatile currencies.
Early-stage crypto presales attract more attention due to their potential for parabolic growth as they advance through successive presale stages. Such a presale is DTX Exchange (DTX), standing under the spotlight and competing with the potential of TRON (TRX) and Celestia (TIA) in the volatile market of August.
Fears Mount After $375 Million Liquidated in Bitcoin (BTC)
Following the reimbursements by Mt. Gox to creditors, Bitcoin (BTC) drives high market volatility and continues to slide, dropping below $51,000 at press time. Of the $1 billion in liquidations in the past 24 hours, around $375 million are attributed to long and short positions on Bitcoin (BTC) alone.
Following a wave of speculations and fear among investors, Bitcoin (BTC) might retest the $42,000 support level in the upcoming days, as the worsening situation of the crypto market shows no signs of immediate recovery. Moreover, TRON (TRX) and Celestia (TIA) are also experiencing significant price declines, following in the footsteps of the Bitcoin (BTC) price.
TRON (TRX) Price Tanks 13.8%: Technicals Signal Warning
Despite the dominance of Tron (TRX) in DEX activity and USDT transactions, the recent market slump has shaken its community with tremendous outflows. Despite partnerships with other ecosystems and DeFi players, Tron (TRX) whales fail to resist the capital outflow from the token, resulting in a massive price downturn.
Tron (TRX) price has consolidated by 13.8% in the past three days, trading at $0.119 at press time. With rising bearish sentiments and dropping RSI value, the next few days won’t be easy for Tron (TRX) bulls as the price is expected to break below the $0.12 support level.
Celestia (TIA) Price in Freefall: $175 Million Market Value Loss
The Celestia (TIA) price has been in freefall for over a week now and the recent price action of Bitcoin (BTC) has further made things worse for the TIA token. Celestia (TIA) has witnessed a price drop of 21% in the last 24 hours with a $175 million loss in the market value, indicating strong investor sell-offs.
Celestia (TIA) has fallen below key Fibonacci levels and is moving toward the $4.13 support level. Money Flow Index (MFI) also suggests surging liquidations for Celestia (TIA) on the daily timeframe.
Shape the Future of TradFi With 1000x Leverage DTX Exchange
DTX Exchange stands out as a top-performing presale project of 2024. The project has surprised the crypto community by raising a mind-blowing $1.2 million in batch 2 of the public presale. With its increasing global traction and expanding user base for an AI-driven suite of cutting-edge features, the project is anticipated to lead the deFi sector.
The platform provides an all-in-one trading solution by seamlessly integrating 1000x leverage features and providing access to 120,000+ digital assets across financial markets, including forex, cryptos, and stocks. Enhancing the user experience with its secure, accessible, and easy-to-use platform, DTX Exchange is a next-gen trading platform for savvy traders worldwide.
The top-notch security measures of DTX Exchange (DTX) offer traders a chance to safeguard their assets in non-custodial wallets and engage in transactions supported by layer-1 technology. Holders will be granted access to the potential mega giveaways and governance rights.
The successful presale performance of DTX Exchange is attributed to its unique trading solutions. Available at $0.04 in stage 2, the DTX token presents an enticing opportunity for early adopters to secure positions in the project before the price takes flight beyond $2 up on the mainnet launch.
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