DTX Exchange’s $900K Performance Takes Spotlight Away From Fetch.ai (FET) and Optimism (OP)
The post DTX Exchange’s $900K Performance Takes Spotlight Away From Fetch.ai (FET) and Optimism (OP) appeared first on Coinpedia Fintech News
DTX Exchange, currently in the 2nd stage, has become the talk of the town as its presale has already surpassed $900k in a month. Experts believe that the DTX is the next blue chip crypto with high utility. This huge flow in the DTX has taken away the spotlight from coins like Fetch.ai (FET) and Optimism (OP), which are trying to recover from the downtrend.
Fetch.ai (FET) Trading Above Its 10 Days Moving Average
Fetch.ai (FET) price recently surged as the crypto market recovered, and it’s now trading above the 10-day moving average, indicating short-term strength. Fetch.ai (FET) has risen over 20% from its recent lows despite an overall bearish sentiment since the beginning of April this year. If the market continues to rise, Fetch.ai (FET) might see further gains.
Fetch.ai (FET) price’s technical indicators, like MACD and RSI, are currently bearish; they could turn slightly bullish if the trend continues. This suggests a possible price increase if Fetch.ai (FET) breaks key resistance levels around $1.5 and stays above the moving averages.
Optimism (OP) Price Analysis
Optimism (OP) is currently priced at $1.80, marking a 24-hour increase of 4.41% and a 7-day rise of 20.87%, which indicates a bullish trend after the long bearish trend in Optimism (OP). Its market capitalization has jumped to $2.021 billion, supported by a circulating supply of 1,121,728,540 Optimism (OP) tokens, showing little confidence in investors. The retest of the recent breakdown level has led to a strong upward trend, pushing its price from below $1.23 to $1.8, reflecting a robust rally in the last weeks.
Based on current market trends and technical analysis, and if the trend continues Optimism (OP), projections suggest that optimism (OP) could reach between $2.5 and $3. Looking further ahead, forecasts for 2024 predict a price range of $3 to $3.5, highlighting Optimism (OP) potential and resilience in the cryptocurrency market.
DTX Exchange To Lead In The Coming Bull Rally
As Fetch.ai (FET) and Optimism (OP) have just recovered, DTX has doubled from the launch price of $0.02 because of its great fundamentals and features. DTX Exchange offers decentralized features, but it differs in a few key ways. While Uniswap is entirely decentralized, DTX is a hybrid exchange. This means it combines both centralized and decentralized features to provide a comprehensive experience for traders.
DTX Exchange blends the speed and efficiency of centralized exchanges with the security, privacy, and safety of decentralized exchanges. It also stands out by offering up to 120,000 trading assets with an average execution speed of 0.04 seconds, making it one of the most versatile brokerages on the market.
DTX has been praised for its innovation in Decentralized Finance (DeFi). Experts think that the current price is undervalued and that it could reach its current valuation very soon.
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