Newcomer zkSync and Polkadot push forward, Signaling end of crypto slump

The recently launched zkSync (ZK), after crashing from the launch day’s high, has now pushed above its first overhead resistance. With zkSync (ZK), Polkadot (DOT) is also turning its trend; it has increased around 15% in a few days. The price push in zkSync (ZK) and Polkadot (DOT) indicates the end of bearish momentum in the mark

Traders are expecting the start of the new rally and price push in the all-time high area of the market. In the expectation of a new trend, investors are heavily betting on the new trading platform DTX Exchange. It is the new decentralized trading platform that is expected to be the leader in the trading industry.

How Does Newly Launched zkSync (zk) Work?

Metric Labs introduced zkSync (ZK), a user-centric blockchain network powered by Zero-Knowledge Rollups (ZK rollup) technology. Developers favor zkSync (ZK) for its high efficiency and scalability, making it a go-to choice for enhancing the Ethereum ecosystem and building decentralized applications.

zkSync (zk) boosts scalability by bundling multiple transactions into one cryptographic proof and processing them off-chain before verifying them on the Ethereum network. This process reduces time and gas fees, making it a cost-effective solution. Additionally, zkSync (ZK) employs ZK-Rollups and ZK Proofs to ensure top-notch security, setting it apart from other Layer 2 solutions.

Fund Crisis In Polkadot (DOT)

The recent report from the Polkadot (DOT) Treasury for the first half of 2024 has raised concerns about a looming funding crisis. Managing the Treasury’s assets, which span multiple chains, has become increasingly complex and challenging.

The Polkadot (DOT) Treasury holds assets equivalent to 38 million Polkadot (DOT), worth about $245 million. Tommi Enenkel, also known as Alice and Bob, shared the latest update on the network’s treasury in the new report.

The report highlighted a decline in Polkadot’s revenue. In the first six months of the year, the network’s total earnings dropped to 171,696 DOT from 414,291 DOT in the second half of 2023. This could be bad news for Polkadot (DOT) is they will not solve the problem in the coming times.

DTX Exchange Gearing Up For the New Rally

Despite the market being in green and the zkSync (ZK) and Polkadot (DOT) showing strength, development in these cryptos has not been upto the mark. Investors are investing in a new opportunity with great fundamentals and future growth. DTX Exchange, is the one of its kind and first hybrid trading and investing platform, which has raised over $800k from investors in a month.

The standout feature of DTX Exchange is its groundbreaking 1000x leverage, allowing traders to take much larger market positions with just a small amount of capital.

DTX’s hybrid platform is dedicated to user security and individual ownership, creating a safe and engaging marketplace for global traders. Investors from various financial backgrounds are drawn to DTX’s KYC-free platform, which provides an all-in-one solution with multi-tier accounts and non-custodial wallets.

Learn more:

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