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The crypto market has recovered slightly from the correction due to the Israel-Iran tension. This event had impacted the market as it seemed that it could escalate to war. However, after the recovery in the market, everything seems back to normal, making the present situation a correct time to invest in the crypto market.
Yesterday, Chainlink (LINK) saw a significant rejection from the $11.74, falling 6% from there and 2.32% in the last 24 hours. Price action in Chainlink is very weak, and investors are exiting the coin. Investors are slowly shifting to DTX Exchange (DTX), which aims to become the biggest player in the exchange industry.
DTX Exchange (DTX) raised $3.8 million in the first week of the third stage of the presale. The presale's success was due to its unique benefits and great fundamentals.
Chainlink (LINK) Continues Bearish Sentiments With Rejection From 50-Period Moving Average
Chainlink (LINK) has been in a bearish trend for a long time now. Recently, there was some ease in the PA, but the LINK price has yet to recover. After it took support from the ascending trendline, it was again rejected from the 50-SMA. This rejection shows the low buying in Chainlink (LINK) and price weakness.
Shifting to recent developments in the Chainlink (LINK) ecosystem, Taurus is integrating Chainlink's technology to address major challenges in tokenized assets, particularly around security, data reliability, and cross-chain connectivity for institutional investors.
Taurus will use Chainlink (LINK)'s Data Feeds to offer real-time asset price and transaction updates. At the same time, its Proof of Reserve feature will increase transparency and reduce the risk of over-issuing tokenized assets.
DTX Team Raises Listing Price To $0.20
After the VIP rebate system launch, the DTX Exchange (DTX) team has made another big announcement. DTX token listing price has been raised to $0.20 from $0.12. This announcement has made the current price highly undervalued as, from the current level, there is scope for more than a 300% increase in the next few months.
DTX Exchange stands out for its advanced technologies and powerful trading tools. Users can trade with leverage of up to 1000x without going through strict Know Your Customer (KYC) procedures. The platform’s VulcanX feature further enhances trading by reducing transaction costs and making trades more affordable.
DTX Exchange also encourages active participation through its attractive staking and governance features. Ecosystem participants may direct their contributions and decisions with their own hands, becoming one of the future stakeholders. Simultaneously, systems perpetuate promotion of best practices, which in turn make the automation of the system smooth. The more users participate, the more they get DTX tokens as a reward for their loyalty.
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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
