The recent launch of the DTX Testnet has sparked a wave of excitement, pushing the presale to new heights as Near Protocol (NEAR) and Cardano (ADA) whales place significant bets on its potential. With over $1.6 million raised in just two months, DTX is rapidly gaining attention amid market volatility.
The platform’s appeal lies in its diverse asset offerings and user-friendly features, making it a promising investment. In this article, we will discuss the key factors driving DTX’s success.
NEAR Protocol unveils Nightshade 2.0 upgrade to boost network efficiency
Near Protocol (NEAR), a popular Layer 1 network, is seeking to revamp its sharded architecture with the deployment of the Nightshade 2.0 upgrade.
Last week, Nightshade 2.0 went live on mainnet, introducing stateless validation to the network. While every validator previously maintained the Near Protocol (NEAR)’s state locally, they can now retrieve all of the information required to validate network state changes from the chain directly — bolstering the efficiency of transaction validation.
Near said the upgrade will improve validator performance, lower the cost of operating a node, speed up transaction execution by 400%, and increase the network’s capacity.
“Nightshade 2.0 is a fundamental reworking of Near sharding and is a major milestone in Near’s development roadmap that will greatly increase Near’s efficiency and scalability,” said Bowen Wang, head of protocol at Near One, the development team behind Near Protocol. “The new sharding implementation will speed up Near’s already-fast transaction throughput by five times.”
Cardano’s $1 target in 2024 faces uncertainty
After being bounced from the top 10 cryptocurrencies and experiencing an underwhelming stretch, traders have begun to wonder if Cardano (ADA) $1 dream is all but out of reach for 2024. Although it has some positive developments taking place, its price has failed to reflect that.
There is still some hope in the asset’s recovery, however. Technical indicators may point to a breakout nearing. Moreover, analysts have held firm to the expectation that a major price reversal is impending, sooner rather than later, for Cardano (ADA). The question is, can it still target a dollar price point this year?
It has certainly been a volatile year for cryptocurrencies. 2024 kicked off with overwhelmingly positive sentiments abounding in the market. Bitcoin became the first crypto to get an ETF, and set a landmark price of $73,000 just three months later. Thereafter, Ethereum followed suit, getting its own string of exchange traded funds.
Yet, those price surges have come back to earth. Although tokens like Tron (TRX) have faced meteoric rise the last several months, a host of coins have struggled. Among them is Cardano (ADA), who is watching its $1 hope in 2024 fade with its recent booting from the top 10 cryptocurrency list.
DTX Testnet launch sparks presale surge and investor excitement
The launch of the DTX Testnet has fueled a surge in presales, drawing significant interest from NEAR Protocol and ADA whales.
DTX Exchange (DTX) has achieved a major milestone with the launch of its testnet, generating excitement among investors looking for a promising presale token. Analysts view this as a crucial development, with the potential for substantial gains for early participants.
In the last week, DTX has raised over $500k, totalling the presale amount to $1.6 million in just two months.
DTX is gaining traction as traditional crypto markets face significant price swings and uncertainty. The DTX Exchange offers access to over 120,000 asset classes, including gold, bonds, and cryptocurrencies, with up to 1000x leverage. Best of all, users can enjoy complete privacy, as no sign-up KYC checks are required.
The platform also emphasizes individual asset ownership, enabling users to secure their gains with a cutting-edge, non-custodial wallet. As DTX adoption accelerates, analysts predict a price surge to $2 around its public listing.
Learn more:
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Source: https://www.cryptopolitan.com/dtx-testnet-launch-propels-presale-to-new-heights-as-near-protocol-and-ada-whales-bet-high/