Altcoins
Can this new Altcoin catch up with Ethereum and Litecoin?
In recent crypto news, Ethereum’s market capitalization has surpassed that of global payments platform Mastercard. This comes after its price soared on the price chart, surpassing the $3,500 mark. Separately, Litecoin whales have accumulated 2.7 million LTC tokens over the past month.
At the same time, a new project, DTX Exchange, is set to revolutionize the field of crypto trading, introducing access to over 120,000 tradable assets, including forex, bonds and cryptocurrencies. Equipped with these features, analysts have designated DTX Exchange as a future competitor to Ethereum and Litecoin.
DTX Exchange (DTX) revolutionizes online trading
The world of online commerce is booming and DTX Exchange (DTX) is ready to make a big impact. Unlike many platforms that focus solely on cryptocurrencies, DTX supports a variety of traditional assets including stocks and forex, making it the best DeFi project for all types of traders.
As the foreign exchange market surpasses $6.6 trillion in daily trading volume, DTX Exchange is poised to overtake Ethereum and Litecoin, which rely solely on inflows from the crypto market. The hidden fees and long transaction times that most traders suffer from on other platforms are eliminated by DTX. DTX also makes the trading process very simple for traders.
With zero commissions and fast trade execution, DTX ensures you keep more of your earnings and can quickly seize market opportunities. Withdrawals are processed very quickly so you can be sure you are getting the best trading experience. One of the main features of DTX Exchange is the absence of KYC requirements. This implies that you can start trading immediately, as no forms are required.
DTX Exchange is for data and chart types that make informed choices. The service offers everything you need to analyze the market and create an effective trading strategy. For all these features and more, you need the native DTX Exchange token, DTX. The token is now selling for $0.04 and is in the second stage of its presale. Price predictions place DTX at $1 before the end of 2024, justifying it as a good crypto to buy now.
Ethereum (ETH) Overtakes Mastercard as Prices Rise
Ethereum (ETH) is making headlines in the crypto market after notching another major achievement. Now, Ethereum’s market capitalization has surpassed that of Mastercard, the payments giant. Analyst Leon Waidmann was the first to report about the landmark moment for Ethereum on his X account.
Mastercard’s market cap is only $427 billion, but Ethereum’s is $440 billion. The growth in market capitalization is made possible by the recent surge in the price of Ethereum. The crypto gained 25.7% to reach its weekly high of $3,710.31.
Litecoin (LTC) whales accumulate 2.7 million LTC in 30 days
Litecoin (LTC) whales have been on an accumulation spree over the past month. The IntoTheBlock analysis platform, tweeted on Platform X news. IntoTheBlock’s tweet showed that Litecoin whale addresses purchased over 2,751,633 LTC in the last 30 days.
The accumulation peaked on May 10, when whale addresses cleared over 900,000 LTC. The aggregation amount indicates that whales are bullish on the LTC token. Litecoin price increased by 10.6% in the past week and is trading around $90.
In conclusion
The leading altcoins, Ethereum and Litecoin, are demonstrating bullish sentiment in the market. Ethereum market cap value is increasing, but Litecoin whales are acquiring more of this coin. Nevertheless, analysts are confident that DTX Exchange is capable of competing with them. One of the catalysts they called out is DTX Exchange’s exposure to forex and other traditional markets with significant trading volumes.
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