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Bearish Strength Continues In Bitcoin Cash (BCH) Arbitrum (ARB) Lacking From Base DTX Exchange: Top Altcoin Award Of 2024It's time for new projects to take over the crypto market. According to experts, the next bully rally will be led by emerging coins that have the potential to become the next Bitcoin. Despite the weakness in the market, Bitcoin Cash (BCH) and Arbitrum (ARB) investors are continuously investing in such a presale project.
We are talking about DTX Exchange, the first hybrid exchange that is going to have the feature of both centralized and decentralized exchanges. Bitcoin Cash (BCH) and Arbitrum (ARB) communities have the most investors in the DTX, and they are expecting a 10X rally in the coin.
Bearish Strength Continues In Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is currently priced at $341, with a market cap of $6.7 billion and a circulating supply of 19.74 million BCH. A slight decline of 2.23% has been observed in the last 24 hours. However, Bitcoin Cash (BCH) has surged by 6% over the past week. Despite this gain, the price action is still in the downtrend.
The broader crypto market’s positive outlook and the good sentiment around emerging coins could push Bitcoin Cash (BCH) higher, potentially reaching the next resistance level of $457.33. However, Bitcoin Cash (BCH) price is still trading below the 50-day and 200-day EMAs, indicating bearish momentum in a short period.
Arbitrum (ARB) Lacking From Base
In recent news, Growthepie has reported that the Base blockchain (BASE) network has surpassed Arbitrum (ARB) to become the leading Ethereum Layer 2 transaction network. Sliding Arbitrum (ARB) in the second place. According to the platform, Ethereum Layer 2 transactions have hit a record-breaking 12.42 million.
Leading ahead of Arbitrum (ARB), BASE is the new choice for the Ethereum L2 transactions with around 3.25 million transactions under its belt. On the other hand, the Arbitrum (ARB) network stands as the second most-used Ethereum L2 transaction network, with 1.11 Million transactions.
DTX Exchange: Top Altcoin Award Of 2024
DTX Exchange (DTX) is quickly becoming a strong competitor in the market. Built on the Ethereum blockchain, DTX uses smart contracts to create a decentralized and secure trading platform. Its technical design guarantees smooth trading, enhanced security, and complete transparency.
DTX Exchange aims to reshape the online trading industry. Valued at $10.15 billion in 2024, it is projected to reach $16.71 billion by 2032. The platform achieves this through its hybrid model, which combines features of both centralized (CEX) and decentralized (DEX) exchanges. With DTX Exchange, you can access 120,000 asset classes and take advantage of up to 1000x leverage.
DTX stands out in today’s volatile market with its wide range of trading instruments and innovative features, making it a top investment opportunity.
This feature enables traders to significantly amplify their gains and control large positions with minimal capital, opening up enormous profit potential. Additionally, DTX’s distributed liquidity pools ensure a stress-free and efficient trading experience.
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Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
