NFTs
Experts predict a 15,000% increase in this Defi token as Avalanche (Avax) price drops due to a decrease in Nft volume
In the fluctuating crypto market, Avalanche price observed a setback due to falling sales of AVAX NFTs. DTX Exchange is gaining ground as one of the best pre-sale coins in 2024.
In this article, we shed some light on the ongoing debate over Avalanche’s price outlook amid the decline of AVAX NFTs and the evidence supporting DTX Exchange’s huge ROI potential.
Avalanche Price Analysis Amid AVAX NFTs Bear Market
Avalanche’s recent price performance has seen a shift into the bearish zone, with AVAX falling more than 2% in the last 24 hours.
According to CoinMarketCap, the Avalanche price has seen a sharp drop of over 35% as its price has retreated from $53 to $35 in the last month. Selling pressures have increased as trading volumes have declined by more than 20% in the past 24 hours, and AVAX is facing stiff resistance as it struggles to maintain support at the $35 level.
Technical analysis indicates that the bearish sentiment arose from the decline in sales of AVAX NFTs, which fell more than 7% last week. Based on data from Dapp RadarThe AVAX NFTs ecosystem saw a drop in merchant activity, with purchases dropping over 35% and sellers dropping over 38%.
Analyst Forecast: 15,000% Rise: DTX Exchange Presale Heats Up
DTX Exchange is a rising star in the pre-sales ecosystem, promising an exceptional 25X ROI for early adopters, backed by its cutting-edge features. She rose to prominence after her private seed sales generated more than $2 million.
Following the success of its private seed round, its presale attracted overwhelming support, surpassing $475,000 in just one week. As demand increases, Stage 1 is set to sell out ahead of schedule, with many investors taking advantage of the opportunity to buy the DTX token for $0.04 before it rises to $0.06.
With its hybrid trading capabilities, DTX Exchange is poised to redefine cryptocurrency trading standards. Combining elements of centralized and decentralized exchanges, it provides a seamless interface that ensures users can trade without any KYC (know your customer) requirements.
Its growing popularity among traders is attributed to its distributed liquidity pools, which reduce slippage and provide an efficient trading environment. Users can reap the benefits of DTX Exchanges’ phenomenal 1000X leverage feature to generate high returns with minimal capital requirements.
Furthermore, the platform’s community-centric strategy focuses on giving individual ownership to its users using a non-custodial wallet. This unique feature is designed to significantly reduce the risk of funds being compromised by expected threats.
As enthusiasm builds, the DTX token is expected to see a huge price increase close to its public listing. Backed by a successful pre-sale and cutting-edge features, analysts predict that the token will likely surpass the $3 threshold, making it one of the next best 150X opportunities in 2024.
Conclusion
The recent performance of AVAX NFTs has pushed the Avalanche price into the bearish zone, and experts advise a cautious approach due to the highly volatile nature of NFTs. AVAX could recover in the coming weeks if it manages to reclaim bullish support; however, if this fails, prices could fall further.
In this context, DTX Exchange stole the spotlight with its impressive presale performance and technological superiority. With analysts projecting a 15,000% increase, the DTX token stands out as one of the top investment opportunities in 2024.
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