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New projects like DTX Exchange are disrupting traditional platforms, with its decentralized model challenging giants like Binance and Robinhood.
New projects like DTX Exchange are shaking up traditional industries and eating the market share of big players. DTX’s decentralized platform offers a smooth and transparent platform, putting pressure on established players like Binance and Robinhood.
As DTX Exchange continues to grow, investors are watching closely, anticipating possible changes in the market that could lead to a shift away from traditional platforms. This article looks at the latest developments around Polygon and Chainlink in light of DTX’s disruptive impact and considers what this could mean for the wider exchange sector.
Chainlink trading close to $10
Chainlink is priced at $10.44, showing a 9.90% increase over the past week. For the last three months, LINK has been trading within a $10 – $14 range. Despite this bearishness for an extended period, recent Chainlink movements are still negative. After finding support around $10, the price is trading below it. In MACD, a bearish crossover has been observed, which can take the LINK price to a further low.
The recent rejection of the Chainlink price was the retest of the $11.40 support level, and the retest rejection was perfect as the price is already down over 15% from the recent swing high.
Polygon’s transition from MATIC to POL
On Wednesday, Polygon will move into a key stage of its token migration by introducing POL as its new cryptocurrency. POL will serve as the primary currency for gas fees and staking, with more features planned on Polygon. It won’t just be the main token for gas and staking on the Polygon PoS network; it will also be a critical part of the new AggLayer, designed to connect different blockchains, enabling fast, secure, and seamless cross-chain transactions.
Polygon ecosystem members will need to take certain steps to upgrade their Polygon (MATIC) holdings to POL. However, MATIC holders on the Polygon PoS network won’t need to do anything, as their upgrade will happen automatically. The same goes for MATIC stakers and delegators on Ethereum.
DTX Exchange in continuous uptrend for two months
DTX Exchange is an altcoin quickly becoming a hit in the investment space. It has features that are both CEX and DEX. The results it collects scale not only because it’s an altcoin of excellence but also because it allows for an upgrade to trading worldwide.
DTX Exchange is based on the most advanced technology, AI, and provides traders with up to 1000x leverage. Buyers can buy goods at a discount and sell them at a profit when the price increases. The hyper-speed the exchange uses, which computes around 0.04 seconds per transaction on average, lets the traders take advantage of the opportunities coming at the market instantaneously, which is a very important aspect in the fast-paced world of the cryptocurrency industry.
The exchange has just raised over $2.2 million in the third stage of its presale, which took place in a couple of days. Such dynamics denote its enormous potential. Being traded at $0.06, DTX Token is already catching the eye of what could be the first big investors. Analysts are optimistic that the DTX token price will rise substantially after passing a strong presale.
To learn more about DTX Exchange, visit the official website.
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This article first appeared at crypto.news
