Altcoins suffered a massive drawdown, with many down as much as 50% from their local tops. Bull market enthusiasm got ahead of itself, and there was not enough liquidity to support the upward price action. But while certain tokens are lagging, others are posting crazy gains. Altcoin bloodbaths are the best times to discover the best cryptocurrencies to buy because they continue to rally while everything falls. A classic sign of relative strength and an easy way to spot future winners. DTX Exchange (DTX) presale skyrockets, promising 25X gains, and surpasses Polygon (MATIC) and Internet Computer (ICP) amid bearish market.
DTX Exchange (DTX) Presale Skyrocketing
The DTX Exchange (DTX) is soaring, smashing funding records, and has already raised nearly a quarter of a million in three days. Investors are betting big on this trading platform, and its next-gen approach to on-chain trading explains its rampant early growth. DTX Exchange has learned the hard lesson of counterparty risk from the 2022 FTX collapse and provides a new on-chain trading haven for leveraged traders
It combines the custody of a decentralized platform with the performance of a centralized exchange. Its order book is entirely on-chain, and it leverages a unique approach to liquidity to deliver competitive execution with minimal slippage. The Distributed Liquidity Pool model aggregates from various sources across DeFi, ensuring traders get filled at their exact price.
Accessibility and a lack of tradeable assets have always been weaknesses for decentralized trading hubs. That is why DTX Exchange incorporates traditional equities, contracts-for-differences (CFDs), forex, and cryptos on its platform. Users can trade all of these assets from a single interface with up to 1,000X leverage.
Token holders unlock reduced trading fees, access to market-leading analysis helping any trader improve their PnL, and a share of platform revenue thanks to the staking program. Analysts forecast 25X gains this year, and $DTX surpasses both Polygon (MATIC) and Internet Computer (ICP) in terms of upside potential this cycle.
Polygon (MATIC) Overvalued and Forgotten?
Polygon (MATIC) is in a tough spot following the recent retracement and has already fallen 45% from its local top. Compounding the headache for Polygon (MATIC) holders is the increasingly congested layer two space. Arbitrum (ARB), Base, and Optimism (OP) have positioned themselves as leaders, and the Polygon (MATIC) zkEVM chain has seen little traction.
Unless Polygon (MATIC) can turn things around and excel in the zero-knowledge space, the short to medium term looks bearish for all Polygon (MATIC) owners. The next major catalyst for Polygon (MATIC) will be the Ethereum (ETH) Spot ETF in May, with analysts forecasting the Polygon (MATIC) token trading as high as $1.05 post-approval.
Internet Computer (ICP) The Future of Web3?
Internet Computer (ICP) is a decentralized full-stack solution for building web applications. Whereas layer one blockchains offer smart contract coding environments, Internet Computer (ICP) provides a fully decentralized world computer. It replaces the need for Amazon Web Services, and Internet Computer (ICP) can be used to build anything.
It is one of the more ambitious blockchain projects, and analysts forecast Internet Computer (ICP) trading in a band between $16.31 and $18.92 later this year. The most significant hurdle for explosive gains Internet Computer (ICP) faces is its $5.7 billion market cap with little underlying demand for its services.
DTX is currently in its first presale stage. To learn more about DTX, visit the DTX presale website or join the DTX community.
