Cryptocurrency prices have staged a strong comeback this week as concerns about the Japanese yen comeback faded. After tumbling sharply on Monday, most of them have bounced back by double digits. Bitcoin has jumped from $49,000 to $62,000 while the combined market cap of all coins rose to over $2.1 trillion.
These coins rebounded as DTX Exchange, an upcoming hybrid platform, continued its token sale, raising over $1.2 million.
Bitcoin and altcoins have recovered
Bitcoin and most altcoins rallied on Friday as sentiment improved and as the fear and greed index rose from the fear zone to neutral. Sui, the Binance-backed token, was one of the top gainers as it jumped by over 27% in the last 24 hours.
Helium, the Solana DEX, jumped by 20% while Celestia TIA rose by over 18%. Other top-performing tokens were meme coins like Brett, Pepe, and Jasmy. Ethena, Injective, and Stacks were among the other top gainers.
This rebound happened as investors bought the dip in these cryptocurrencies, which they believe became highly undervalued. Also, it happened as other assets like stocks bounced back. Indeed, some indices like the Dow Jones, S&P 500, and Nasdaq 100 pared most of the Monday losses.
Technically, these assets crawled back as investors identified a highly bullish hammer pattern on Bitcoin’s daily chart. It also formed a bullish falling wedge chart pattern, which often results in a bullish breakout.
Additionally, these tokens rose because of the rising hopes that the Federal Reserve will cut interest rates as soon as in July.
DTX Exchange token sale is thriving
Meanwhile, investors are now focusing on a brand-new hybrid exchange that promises better features than the existing platforms like Uniswap, dYdX, and Raydium.
DTX has already raised over $1.2 million, and the tokens are selling fast as investors take advantage of the low price of USDT 0.04. In the next stage, the token’s price will rise to 0.06 USDT. This means that a person who spends $10,000 today would receive 250,000 tokens. The same amount will buy 166,666 tokens when it rises to $0.06.
The estimated launch price will be $0.12, meaning that the trader who buys the token now, will have assets worth $30,000 on launch day.
DTX aims to be a better exchange than most crypto platforms for several reasons. First, in addition to crypto, users will be able to trade other assets like forex, stocks, and commodities. As such, one will not need to have several exchanges or brokerages.
DTX will also solve the liquidity challenge that most exchanges face by using distributed liquidity pools, which aggregate liquidity from different sources, creating a better platform with lower fees.
Most importantly, DTX users will be assured of their safety by focusing on a non-custodial model. This means that users will maintain their keys and wallets when trading. You can buy the DTX token here.
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