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Avalanche (AVAX) has been sluggish for quite a while now, diverting attention to the emerging hybrid trading platform DTX Exchange (DTX). This exchange is built on the Ethereum blockchain and integrates cutting-edge tools to ensure smooth flow and 24/7 run time. Fantom (FTM) and DTX Exchange (DTX) go head to head as the market advances to Q4.
As a leading layer-1 project, Fantom (FTM) is making headlines with an impressive performance trend. October has given Fantom (FTM) a strong starting point, surging its trading value by 9.57% in the last 24 hours. Fantom (FTM) currently holds a $2.11 billion market cap with a 24-hour trading volume of $285.52 million, which has surged by approximately $6.55M.
Before the recent October rally, the Fantom (FTM) network experienced a notable rally last month. The rally began on September 10, when Fantom (FTM) broke out of a falling wedge pattern. This technical move helped Fantom (FTM) break through its downtrend line at $0.45. From then on, the Fantom (FTM) price has climbed to $0.74, a 55% increase from the breakout point.
Today’s price trend by Fantom (FTM) has shown up after it broke through the $0.73 resistance level, opening more avenues for further upside potential. Fantom (FTM) is targeting $0.85 up next, eyeing a potential 16% surge from its current trading value. Investors are showing increased buying pressure and feeling optimistic for the Fantom (FTM) network as it soars ahead.
Trading at $28.7 today, Avalanche (AVAX) has surged by a mere 2.7% in the last 24 hours and by 29.5% in monthly gains. Unlike Fantom (FTM), Avalanche (AVAX) couldn’t break through its resistance levels, resulting in sluggish price movements in a 24-hour time frame. The Avalanche (AVAX) network is currently backed by a $11.71 billion market cap, which has surged by 2.8%.
In terms of its social activity and announcements, Avalanche (AVAX) recently announced a $40 million grant program called Retro9000. Through this program, Avalanche (AVAX) will reward developers for building on this network in anticipation of the new Avalanche9000 upgrade. This upgrade will make launching L1s on the Avalanche (AVAX) network cheaper and smoother.
According to expert analysts, this million-dollar grant and Avalanche9000 upgrade are poised to increase investor interest in the Avalanche (AVAX) network. Moreover, Avalanche (AVAX) is trading above its 30-day EMA ($25) and 100-day EMA ($26). As a result, analysts are predicting a potential breakout for Avalanche (AVAX) to $100 in Q4 as the market approaches the bull cycle.
While Fantom (FTM) and Avalanche (AVAX) display mixed performance metrics, DTX Exchange (DTX) is leading the status quo with its cutting-edge layer-1 blockchain technology and premium trading features. DTX Exchange (DTX) has surprised investors as it bagged another $100,000 during a 24-hour period on its ongoing presale that’s already completed 67.28% of its milestone.
DTX Exchange deploys state-of-the-art technical architecture to deliver an unmatched crypto trading experience to fresh traders and experienced investors. Investors and traders find DTX Exchange to be their one-stop shop for AI-crypto trading due to its mind-blowing key features, including 1,000x leverage, distributed liquidity pools, non-custodial wallets, and no KYC requirements.
Amid its resounding presale success, DTX Exchange (DTX) has announced a 25% sign-up bonus for every new user with the “DTX25” promo code. The platform is celebrating its highly successful presale journey with this reward to its new holders to bag in massive gains and sign up for potential air drops in the near future.
As DTX Exchange (DTX) approaches the end of its current presale round, investors from Fantom (FTM) and Avalanche (AVAX) sell off assets to join DTX for enticing benefits and access to premium features within the network.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
