Cryptocurrency prices have made a strong recovery this week as concerns over the strengthening Japanese Yen have subsided. After a sharp drop on Monday, most cryptocurrencies have made double-digit recoveries. Bitcoin has surged from $49,000 to $62,000, bringing the total market capitalization of all coins to over $2.1 trillion.
These coins are DTX ExchangeThe upcoming hybrid platform continues its token sale, raising over $1.2 million.
Bitcoin and altcoins have recovered
Bitcoin and most altcoins rose on Friday as sentiment improved and the fear and greed index rose from the fear zone to neutral. Swa Binance-backed token, has surged by over 27% in the past 24 hours, making it one of the biggest gainers.
Helium, the Solana DEX, rose 20% and Celestia TIA rose over 18%. Other top performing tokens were meme coins such as Brett, Pepe and Jasmy. Ethena, Injective and Stacks were also among the other top gainers.
The rebound was driven by investors buying these cryptocurrencies as they fell, as they believe they are significantly undervalued. It was also fueled by a rebound in other assets, such as stocks. In fact, indexes such as the Dow Jones, S&P 500, and Nasdaq 100 have recovered most of their losses from Monday.
Technically, these assets fell as investors identified a very bullish hammer pattern on the daily chart of Bitcoin, along with a bullish descending wedge chart pattern which often leads to a bullish breakout.
Additionally, these tokens rose due to growing expectations that the Federal Reserve will cut interest rates as soon as July.
DTX Exchange Token Sale a Huge Success
Meanwhile, investors are now turning their attention to entirely new hybrid exchanges that promise superior functionality over existing platforms like Uniswap, dYdX and Raydium.
DTX has already raised over $1.2 million, with tokens selling off quickly as investors take advantage of the low price of USDT 0.04. In the next phase, the token price will rise to USDT 0.06, meaning that someone who spends $10,000 today will receive 250,000 tokens. Once the price rises to $0.06, the same amount will buy 166,666 tokens.
The estimated launch price will be $0.12, meaning traders who purchase tokens now will hold $30,000 worth of assets on the launch date.
DTX aims to be a better exchange than most cryptocurrency platforms for several reasons: First, in addition to cryptocurrencies, it will allow users to trade other assets such as forex, stocks, and commodities, thus eliminating the need for multiple exchanges and brokers.
DTX also solves the liquidity challenges faced by most exchanges by using a decentralized liquidity pool that aggregates liquidity from various sources, creating a better platform with lower fees.
Most importantly, DTX users are guaranteed safety through a focus on a non-custodial model, meaning users maintain their keys and wallets when transacting. You can purchase DTX tokens. here.
