Avalanche and Fantom Price Retraces After Market Volatility, Investors Choose DTX Exchange as Safe Bet for High ROI

Avalanche and Fantom Price Retraces After Market Volatility, Investors Choose DTX Exchange as Safe Bet for High ROI

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May 30, 2024 by Editor's Desk
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Avalanche (AVAX) and Fantom (FTM) are Layer 2 blockchain solutions that boast significant growth, but market volatility has left some investors wondering if it is wise to keep holding on. Meanwhile, DTX Exchange (DTX), a new ICO in the market, is enjoying a surge in investor interest due to its anticipated ROI after its highly
Avalanche and Fantom Price Retraces After Market Volatility, Investors Choose DTX Exchange as Safe Bet for High ROI

Avalanche (AVAX) and Fantom (FTM) are Layer 2 blockchain solutions that boast significant growth, but market volatility has left some investors wondering if it is wise to keep holding on. Meanwhile, DTX Exchange (DTX), a new ICO in the market, is enjoying a surge in investor interest due to its anticipated ROI after its highly gainful presale. Read on for more details!

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Avalanche (AVAX) Price Declines Leading to a Bearish Momentum

Avalanche (AVAX) is one of the best-performing DeFi projects of 2024. In Q1, Avalanche’s lowest value was $29.43, reached in January. However, Avalanche (AVAX) impressed its investors by rising to a high of $65.25 in mid-March, reflecting a 122% increase.

Despite the good showing, Avalanche (AVAX) lost its momentum to start Q2 at $54.11, reflecting a 17% decline from its March high. In mid-April, Avalanche (AVAX) declined below the $40 price level.

There was hope that Avalanche’s (AVAX) price would rebound after it hit the $40 price level a few days before the approval of the Ethereum spot ETFs. However, a few days later, AVAX declined to the $30 price level and maintained its value between $36 and $39.

The sentiment surrounding Avalanche (AVAX) is bearish. Despite the poor performance, analysts are optimistic that AVAX will recover to trade above $45 before the end of Q2, considering its past strong performance.

Fantom (FTM) Price Shows a Slight Uptick Triggering a Bullish Sentiment

In Q1 of 2024, Fantom (FTM) increased from a January low of $09.32 to a March high of $1.13. However, FTM could not sustain this trajectory, and the price declined to trade below the $1 level in Q2.

There was hope when Fantom (FTM) rose to $0.96 in the third week of May. However, the surge, influenced by the Sonic upgrade, did not last even a week. Subsequently, Fantom (FTM) declined to the $8 price level.

While many other altcoins saw their prices go up after the approval of the Ethereum spot ETFs, FTM had a bearish sentiment due to a price decline. On the day of the approval, Fantom’s (FTM) price declined to $0.86 from its earlier high of $0.96 achieved four days earlier.

Fantom’s (FTM) price continued downward before rebounding to $0.850 a few days later, triggering a bullish sentiment. Technical indicators signal further growth should Fantom (FTM) retest the $1 resistance level. Additionally, analysts predict FTM could reach $1.60 by the end of the year following its updates.

DTX Exchange (DTX) Presale Sells Over 570K Tokens in Stage 2

While Avalanche and Fantom (FTM) deal with fluctuation in the market, DTX Exchange’s (DTX) token presale is setting new standards as it surpasses the 570K milestone. The highly favored hybrid trading exchange is also gaining fame because of its cutting-edge platform and innovative trading features.

DTX Exchange (DTX) is one of the platforms that does not require KYC for novice or experienced traders. Furthermore, DTX boasts over 120K tradable assets under one roof and with 1000X leverage for investors seeking diversity and profit optimization.

Additionally, DTX Exchange (DTX) users enjoy several other benefits, including voting and governance rights, facilitated by the platform’s community-centric policy. DTX Exchange (DTX) will soon reward its users with a million-worth giveaway.

Regarding presales, the earliest birds will surely catch the worm before DTX Exchange (DTX) launches on popular exchanges. The anticipated gains for the initial investors is 500% from a modest price of $0.02 to $0.12.

The same investors are enjoying a profit of 100% as the presale goes through Stage 2 at $0.04. DTX has already sold over 570K tokens and is anticipating another 50% increase to the next stage at $0.06 beckoning. The platform’s presale gains and benefits make DTX one of the best presale coins to buy now.

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