Hedera and Fetch.ai Nuke Back Down to 2023 Levels, DTX Rolls Out VulcanX and KYC to Raise $1.2 Million
After a historic price crash in the crypto sector driven by various global economic factors, the altcoins continue to recover with Bitcoin price gaining momentum. Hedera (HBAR) and Fetch.ai (FET) witnessed a significant price plunge to 2023 levels in this turbulent market, while DTX Exchange (DTX) displays unstoppable presale momentum with cutting-edge upgrades. Let’s analyze [...]
After a historic price crash in the crypto sector driven by various global economic factors, the altcoins continue to recover with Bitcoin price gaining momentum. Hedera (HBAR) and Fetch.ai (FET) witnessed a significant price plunge to 2023 levels in this turbulent market, while DTX Exchange (DTX) displays unstoppable presale momentum with cutting-edge upgrades.
Let’s analyze the recent price slump of Hedera (HBAR) and Fetch.ai (FET), explore potential price recovery levels, and understand how DTX Exchange has become the center of attention for the investor community.
Hedera (HBAR) Price Skydives to Yearly Lows Below $0.051
Hedera (HBAR), a leading public distributed ledger platform, has displayed significant price weakness, following in the footsteps of the broader altcoin sector. The price dropped below key support levels, reaching $0.046—a level last seen in 2023. The price trend triggered many investors to offload their Hedera (HBAR) tokens to move toward safer investment avenues.
Fortunately, the Hedera (HBAR) price has found strong support at $0.051, following a recovery of 6.3% in the last 24 hours. This trend was followed by surging optimism around cryptocurrencies and the collaboration of the Hedera (HBAR) foundation with the International Institute of Finance (IIF).
As per the technical analysis, the danger has not swayed away from Hedera (HBAR) as the token is still under dominating bearish pressures with an air of pessimistic price predictions. Indicators display a mixed signal and a weak trend for the HBAR token in the upcoming days.
Bearish Crossovers Signal Challenges for Fetch.ai (FET)
Fetch.ai (FET), now rebranded as Artificial Superintelligence Alliance (FET) has moved in a sideways trend since the start of its merger phase. The Fetch.ai (FET) witnessed a massive price drop below $0.8, making yearly lows in this market cycle. Despite an 11% intraday recovery, bearish pressures are surging due to prevailing global financial conditions and FUD sentiment.
Due to the horizontal support trend of Fetch.ai (FET) over the past few months, this price drop leaves analysts skeptical about a swift price recovery due to bearish crossovers. Experts suggest that the Fetch.ai (FET) price might trade within a descending pattern toward the $0.7 support level if bearish sentiments keep soaring amid volatile market conditions.
DTX Exchange Steals Spotlight With VulcanX and KYC Upgrade
DTX Exchange (DTX) continues to become the best presale of 2024, introducing a trading platform that can outpace every other crypto exchange due to its global scope and cutting-edge features. The platform offers 120k+ digital assets from stocks, forex, cryptos, and equities, and traders of all levels can utilize the platform to trade between their pairs.
The recent headline that has shocked the investor and trader community is the VulcanX update, offering gas-free trading. Moreover, the no-KYC features provide data integrity and easy onboarding combined with non-custodial wallets, and blockchain layer-1 backed security protocols to ensure safe and secure trading on the platform.
DTX Exchange Competes With Record-breaking Presale Performance
DTX Exchange (DTX) captures eyeballs with its ground-breaking and industry-relevant offerings to offer the best and updated trading schemas in the advancing tradFi sector. The project has raised over $1.22 million in stage 2 of the public presale and shows no signs of stopping anytime soon due to its ever-surging demand.
What’s unique to DTX Exchange is its unique value proposition for retail and institutional traders, allowing them access to AI-supported advanced automated trading. The DTX Exchange (DTX) is ready to surpass Hedera (HBAR) and Fetch.ai (FET) in the next bullish cycle with the potential to reach $1 for 25x returns amid surging presale demand, available at $0.04 for early stakeholders.
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