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Litecoin (LTC) and Toncoin (TON) are large-cap cryptocurrencies that delivered huge returns to their earliest investors. However, their rapid growth phases have passed, and now they face stiffer competition from new and innovative projects.
In 2024, DTX Exchange, a new project in its presale phase, is well-positioned to surpass Litecoin (LTC) and Toncoin (TON). This decentralized exchange platform is already emerging as a top contender for one of the year’s biggest presale events.
Litecoin (LTC) Another Run Started On Down Side
Litecoin (LTC) Investors wished for a comeback in the wake of the fall, anticipating a jump in its market price. Yet, it has been slowly on a downtrend. At the time of this writing, Litecoin (LTC) has lost 5.2% of its value over the last seven days. Litecoin (LTC) stands in 20th position with a market cap of $4.6 billion.
The $70 support level break is another signal for Litecoin (LTC) holders to close their positions and diversify into other coins. This is not a problem for long-term investors with a yearly horizon; however, if you are looking for 2-3 years, investing in Litecoin (LTC) may not be worth it. On the other hand, DTX Exchange (DTX) is becoming a stronger alternative.
New Developments In Toncoin (TON)
A recent report reveals that the number of active addresses on the Toncoin (TON) Masterchain has surged more than sevenfold since July 2021. This increase indicates a growing number of users on the blockchain, resulting in more transactions and overall activity. Toncoin (TON) recorded 946 daily active addresses.
While 946 active addresses per day in Toncoin (TON) might seem modest, it’s important to remember that this figure only represents the Masterchain. The Toncoin (TON) blockchain relies on several sidechains, known as work chains, to manage most of its data. The Masterchain primarily handles messages and transactions rather than storing data.
Investors Recognizing DTX’s Potential Slots Filling Fast
DTX Exchange (DTX) is a new instrument that is receiving a lot of attention in traditional finance (TradFi) because it provides advanced trading solutions. The hybrid platform supplies traders with automated strategies. It allows them to use leveraged trading ranges of up to 1000 times, thus allowing them to take advantage of higher markets using less capital.
DTX Exchange stands out because no other DeFi project offers the same level of innovation combined with robust security measures. This platform allows traders to access over 120k asset classes, including Forex, bonds, and crypto. So far, DTX Exchange has raised over $1.5 million in its presale, with expectations of reaching $2M by the end of August 2024.
DTX utility token will be fundamental to this DeFi project. DTX holders get immense benefits such as lower trading fees and voting rights on project decisions. Furthermore, the people who buy $100 worth of DTX during the presale will have a chance to participate in a $1 million giveaway, whereby ten lucky holders will win $100,000.
As Litecoin (LTC) and Toncoin (TON) navigate their challenges, DTX Exchange emerges as a disruptive force in DeFi. Market analysts predict DTX Exchange could become the next big sensation, overtaking established crypto giants.
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*This article was paid for. Cryptonomist did not write the article or test the platform.
Source: https://en.cryptonomist.ch/2024/08/22/litecoin-toncoin-traders-migrate-dtx-exchange/