Avalanche (AVAX) is under speculation due to its sluggish recovery momentum after the crypto market faced a major blow on April 12. The AVAX community members are exploring new investment avenues for significant gains and sustainable growth in the upcoming bull market.
AVAX Price Surges to $35.5 – Performance analysis
Avalanache’s native token has witnessed a significant surge in its price since the beginning of April. Following a minor dip, the price has surged to $35.5, overcoming key resistance levels and pushing its momentum. This increase represents a significant surge compared to the lows in 2021. Avalanche is still reeling from the impacts of the token unlocks earlier this year, where the community witnessed an increase in liquidity in the market.
Emin Gün, the head of Ava Labs, also impacted the community sentiment, saying that Avalanche was never marketed as an Ethereum killer. Moreover, showcasing a bearish trendline below the 100-day EMA, investor confidence in AVAX’s trajectory has been doubtful.
On the other hand, the technical indicators are indicating a wayward outlook for the AVAX token. RSI signals an oversold zone, while MACD suggests a bearish trendline. Analysts are suggesting a cautious approach.
Avalanche Community Endorses DTX Exchange’s $250k Presale
With AVAX continuing its wayward momentum, its community is endorsing new emerging deFi projects. Among the top of them is the DTX Exchange, holding explosive potential to witness a remarkable price showdown in the upcoming bull run. The project is significantly important to traders due to its unique offerings and scalable infrastructure.
With AVAX community members shifting to DTX presale, a record of $250k has been raised within days of public presale stage 1. This surge in demand was followed by a successful private seed round of $2 million. The project is poised to become a leading figure in the deFi sector with deflationary tokenomics.
DTX Exchange (DTX) Introduces 1000x Leverage Features to Transform Trading
DTX Exchange (DTX) is transforming the approach to trading with its cutting-edge no-KYC hybrid platform. The platform aims to simplify trading so that new traders can capitalize in various financial markets, including forex, cryptos, stocks, equities, and CFDs. The platform offers 120k digital assets with a 1000x leverage feature, a ground-breaking offering for traders.
The project presents a strategic approach and extensive roadmap to become the largest exchange in the deFi space. It offers distributive liquidity pools to help traders optimize their digital assets and other trading insights. The platform improves the trading experience with pools of assets, ensuring smooth trading at favorable prices and markets.
DTX Exchange elevates the blockchain fundamentals to uphold individual ownership by offering DTX non-custodial wallets where users can store their assets and their private keys with full access to them. DTX community is rewarded with governance rights and access to potential airdrops.
Once the project goes live on the main market, the DTX token price is expected to skyrocket to $2. With over 60% of tokens sold, investors consider DTX Exchange the next big thing in the crypto space.
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