The ETH price has remained unstable within the past week, dropping from over $2,800 to around $2,700. Subsequently, the market valuation of this token has moved from more than $340 billion to less than $329 billion within the same period. With the ETH price facing challenges, investors are diversifying their assets to more promising projects.
DTX Exchange is currently in the bonus stage of its public presale and presents a fascinating investment opportunity. Over $14.8 million has been invested in it by investors and Ethereum whales, who will not pass on the opportunity.
Ethereum Whales Shift Millions as ETH Price Faces Pressure
The ETH price has been volatile, and it is struggling to maintain the $2,800 mark. The token recorded a 3% gain over the past seven days, outperforming the global crypto market. However, indicators still have bearish sentiments.
Source: TradingView
According to predictions, the ETH price is expected to decline by 9%, potentially dropping to $2,487.59 in the next month. The Fear & Greed Index stands at a neutral 49, showing uncertainty.
ETH whales have moved their tokens from their wallets to crypto exchanges in the past few days. Analysts believe this could be the capital they plan to invest in promising presale projects like DTX Exchange. On-chain data reveals a massive 182,002 Ethereum ($480.6 million) transfer from the Paxos Treasury to an unknown wallet.
Additionally, 21,772 Ethereum, worth around $57.8 million, was moved from an unknown wallet to Coinbase Institutional. These transactions suggest that even institutional investors are interested in these public presales.
Why Ethereum Whales Are Investing in DTX Exchange
The ETH price struggles to maintain momentum, so investors seek alternative options like the DTX Exchange. This dual-chain trading platform is backed by Layer1 blockchain technology. Whales have invested over $14.8 million in DTX in the bonus stage of its presale.
The platform is gaining traction because of its unique features. On this hybrid exchange, you can amplify your capital by up to 1,000 times. It also offers fractional multi-asset trading and an automated investment manager.
Investors are also attracted to DTX’s high transaction speeds, with its VulcanX blockchain handling over 200,000 transactions per second.
With a presale price of $0.18 per token and an expected launch price of $0.20, DTX is attracting both retail and institutional investors. This is the best time to invest, as the bonus stage will soon be over. Moreover, with a total supply of 475 million, the DTX token is created to be scarce.
DTX Exchange: The Future of Crypto and Traditional Finance?
DTX Exchange bridges the gap between crypto and traditional financial markets. Unlike Ethereum, which primarily serves as a decentralized network for smart contracts, it is designed for both conventional and crypto assets.
The platform has many features that differentiate it from crypto and hybrid exchanges. You can trade over 1,000 crypto tokens, stocks, and ETFs at this exchange. You can also use the copy trading feature, which allows investors to copy the strategies of pro traders.
Additionally, the automated investment manager is specialized and designed for long-term holders. It helps investors make recurring investments over a long period. The upcoming Phoenix Wallet, which supports over 120,000 financial instruments, will allow users to store and manage their assets.
Conclusion
The ETH price has recently struggled to stay ahead of the market, dropping from $2,800 to around $2,700. Over the past months, ETH ETFs have failed to create the hype to take the token to a new all-time high. Hence, many investors are looking for other promising opportunities.
The DTX Exchange presale is doing well, having already raised over $14.8 million. The DTX token will launch on the Ethereum network at $0.20. According to experts, now might be the best time to buy this token because of its utility and potential.
To get more information about DTX Exchange features and presale:
