Cryptocurrency prices have rebounded strongly this week as concerns about a rebound in the Japanese yen have faded. After a sharp drop on Monday, most have rebounded by double digits. Bitcoin jumped from $49,000 to $62,000, and the market cap of all coins has risen to over $2.1 trillion.
These coins were recovered as follows: DTX ExchangeThe newly launched hybrid platform continues its token sale, raising over $1.2 million.
Bitcoin and altcoins have recovered.
Bitcoin and most altcoins were up on Friday as sentiment improved and the fear and greed index rose from fear territory to neutral territory. SuiThe Binance-backed token was one of the biggest gainers, surging more than 27% in the last 24 hours.
Helium, a Solana DEX, was up 20%, while Celestia TIA was up over 18%. Other top performers were meme coins like Brett, Pepe, and Jasmy. Ethena, Injective, and Stacks were some of the other top performers.
The bounce came as investors bought the cryptocurrency crash, believing it was significantly undervalued. It also came as other assets, such as stocks, bounced back. In fact, some indices, such as the Dow Jones, S&P 500, and Nasdaq 100, pared most of their losses on Monday.
Technically, these assets have come back to the forefront as investors have spotted a very bullish hammer pattern on the Bitcoin daily chart. It has also formed a bullish falling wedge chart pattern, which often leads to a bullish breakout.
Additionally, these tokens rose as expectations grew that the Federal Reserve would cut rates in July.
DTX Exchange Token Sale is Active
Meanwhile, investors are now turning their attention to new hybrid exchanges that promise better features than existing platforms like Uniswap, dYdX, and Raydium.
DTX has already raised over $1.2 million and the token is being sold off quickly as investors take advantage of the low price of USDT 0.04. In the next stage, the token price will increase to 0.06 USDT. This means that someone who spends $10,000 today will receive 250,000 tokens. If the price increases to $0.06, the same amount will buy 166,666 tokens.
The expected launch price is $0.12, which means that traders who purchase tokens now will hold $30,000 worth of assets on launch day.
DTX aims to be a better exchange than most cryptocurrency platforms for several reasons. First, users can trade other assets such as forex, stocks, and commodities in addition to cryptocurrencies. Therefore, there is no need for multiple exchanges or brokers.
DTX will solve the liquidity problem faced by most exchanges by using decentralized liquidity pools that aggregate liquidity from various sources to build a better platform with lower fees.
The most important thing is that DTX users can be assured of security by focusing on a non-custodial model, meaning that users maintain their keys and wallets when trading. You can purchase DTX tokens. here.