The crypto market has witnessed a sharp decline after the U.S. Jobs report issued by the Labor Department in May. With an addition of 272,000 jobs last month, crypto investors started profit bookings as the chances for the Fed’s rate cuts dropped. Many altcoins are witnessing consolidation to previous key support levels, forming a make-or-break situation.
Arbitrum and Notcoin stand in the list of cryptos witnessing notable losses due to broader market implications. Their investors are turning to DTX Exchange, an emerging deFi project poised to show massive gains due to its sustainable growth despite the market downturn. DTX presale is witnessing high capital inflows, standing as a top ICO performer of 2024.
Arbitrum Price Sinks 11% Following Ethereum’s Retracement
Being a layer 2 scaling solution on top of the Ethereum blockchain, Arbitrum is significantly impacted by the market performance of ETH. Arbitrum has proved vulnerable to broader market downturns due to its high dependence on the Ethereum network, recording an 11% drop on the weekly chart.
This trendline of ARB is steering investors away as a further downtrend is anticipated. Arbitrum’s BOLD testnet has failed to stir up hype, leading to a pessimistic outlook of the token. As the token unlocking can pose an upward impact on the price, ARB market dynamics are still speculative due to a lack of investor confidence.
Notcoin Retests $0.2 Support Level After a 9% Drop
The recently launched Telegram memecoin performed well after its exchange listing, recording new highs. After recent market implications, Notcoin is down by 7% overnight along with a declining trading volume. Charts display mixed signals about the price of Notcoin due to prevailing uncertainty in the global market.
Notcoin has retested the crucial support at $0.2 from which NOT price has jumped multiple times. Notcoin will likely recover and continue its bullish momentum once the market recovers but traders are still hesitant to answer the call due to Notcoin’s novelty. Instead, traders are turning to DTX Exchange for ground-breaking ROI potential in Q2 of 2024.
Hybrid DTX Exchange Rocks at ICO Stage With $650,000 Presale
DTX Exchange (DTX) has shocked the trader community with its unmatched features and cutting-edge trading solutions. Despite being in the pre-launch stage, the project has gained global traction through its mind-blowing 1000x leverage and advanced trading strategies which offers traders a chance to secure higher market positions and make profits with minimum capital.
Investors eye DTX Exchange as a gas-fee platform facilitating low-cost trading. The exchange offers all-in-one features and security protocols through blockchain layer 1 technology along with non-custodial wallets, multi-tier accounts, distributive liquidity pools, and most notably access to 120k digital assets in a diverse range of markets including forex, cryptos, equities, and stocks.
DTX Exchange is highly relevant in the changing tradFi sector, evidenced by its staggering ongoing $650,000 presale stage 2. DTX token can cross $1 once it goes live in the main market with massive upside potential. Analysts are optimistic about its trajectory in the growing demand for hybrid exchanges.
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