The crypto market is witnessing notable price declines due to macroeconomic activities, legal scrutiny of various deFi projects, and interest rates. Moreover, many investors have liquidized their assets after a short post-halving surge leading the altcoin industry to a bearish momentum.
Amid these trends, Stacks (STX) and Filecoin (FIL) show notable price declines on the chart with a decreasing market share. Many investors are moving to other promising investment avenues for significant growth and long-term viability.
Filecoin price fails to recover after v1.26.2 network upgrade
Despite Filecoin’s recent v1.26.2 network upgrade and strategic collaborations with AxelarNetwork and Ipcdevs to enhance the ecosystem performance, the project has failed to come close to investor expectations. FIL token has been displaying a declining trendline for over a month, down by 36%.
While Filecoin is working on potential improvements and struggling to sustain itself in the crypto space, many analysts are not very optimistic about its future trajectory. Trading at $5.76, with a decline of 10% on the weekly chart, investors are speculative about its price. Price reports suggest a further drop to $5.2 if the trajectory persists.
STX witnessed investor exodus as volume declined by 28%
Stacks (STX) is an emerging low-cap project with remarkable price movements early this year. Despite high expectations, the token has ended Q1 with disappointments for investors. Despite the launch of its Nakamoto Upgrade, the project failed to fuel a price rebound and continued to struggle with the previous cycle’s high.
STX token is showcasing a significant price plunge of 25% on the monthly timeframe. The 28% dip in market volume for STX indicates a shifting investor sentiment for the token. While bullish signals are yet to be expected, the indicators show sluggish momentum for the token’s price for the next two weeks.
These trends for STX and FIL are pushing investors to eye the bright prospects of DTX Exchange (DTX) in the expected bull run. The project’s presale has garnered massive traction globally and is projected to display a bullish traversal to $1.
DTX Exchange’s ground-breaking presale raises $470,000
DTX Exchange (DTX) is poised to become the biggest hybrid exchange in the trading sector with its 1000x leverage and utilization of liquidity pools assisted with 120k digital assets in various financial markets including stocks, cryptos, and forex. DTX token is expected to become the next big giant in the crypto space with 25x potential.
The project enhances the trading experience with no KYC requirements and an easy-to-use interface. The DTX platform offers multi-tier accounts with non-custodial wallets that uphold individual ownership rights, with no access to the user’s private key. This approach promotes robust security, mitigating risks for potential security breaches and asset compromise.
Due to its unique solutions and scalable features, investors are flocking to DTX presale. Raising over $470,000, the project offers a final opportunity for early adaptors to take positions in stage 2 of the presale. Investors can currently acquire the tokens at $0.04 with massive upside potential.
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