The crypto space has long been dominated by altcoins like Notcoin (NOT) and Fantom (FTM). Their remarkable market performances have kept the investors and analysts glued. However, their reign seems to be threatened as emerging projects make a mark in the market.
Notcoin (NOT) topples over as the bears take hold of its market performance. Investors are left confused by the downtrend ruling over the altcoin. Following a similar pattern, Fantom (FTM) has also started a price correction recently. Some experts attribute this downtrend to the broader market sentiment.
However, DTX Exchange has emerged as a stellar performer in this bull run. The platform is all the buzz in the DeFi space, gathering over $1.3 Million in stage 2. Market analysts anticipate it to touch over $500 Million cap in Q4, after listing.
Notcoin (NOT) Plummets by 5%: Analysts Anticipate Further Decrease
Notcoin (NOT) exhibited massive gains at the beginning of the year 2024, providing explosive gains to investors. However, altcoin’s bullish momentum is breaking now. Notcoin’s (NOT) daily chart is ruled massively by a red candle.
The altcoin is plummeting by over 5% intra-day, with a massive decrease of over 23% in the daily trading volume. Investors are worried about the declining price as the downtrend has become a norm for Notcoin (NOT). The weekly charts are also dominated by a red candle, as Notcoin (NOT) tumbled by 10% in the previous week.
The market cap of Notcoin (NOT) is following a similar trajectory of decline, showing a decline of 6% at press time. The 20 and 50-day moving averages also hint towards a strong selling signal for Notcoin (NOT). Technical analysis reveals a bearish takeover, thus compelling investors to jump to more promising opportunities.
Fantom’s (FTM) Market Performance Suffers: FTM Trends Downwards
Fantom (FTM) has displayed a nice move towards the north. This move may induce a bullish perspective on the token, with an expectation of reclaiming $0.5 with the next bullish move.
Unfortunately, the altcoins are about to form another lower high as the strength of the rally has been squashed since the rejection from the levels close to $1. Although the bullish perspective may make some room, the possibility of another 20% pullback haunts the rally.
The daily chart of the Fantom (FTM) price displays the price trading within a descending parallel channel. The price and the RSI have both failed to rise above the average bands of their respective channels, indicating the mounting bearish pressure on the token.
Besides, the DMI of Fantom (FTM), which was bullish, is showing signs of a bearish reversal as +DI is about to undergo a bearish divergence. Therefore, as the current trade setup suggests, the Fantom (FTM) price may face a rejection, breaking its reign.
DTX Exchange (DTX): Investor’s Favorite In Q3
DTX Exchange (DTX), an emerging altcoin that combines the best elements of CEX and DEX, is the latest sensation on the investment block. It stands out courtesy of its solid fundamentals and impending transformation of the global trading industry. Contributing to its appeal is its astounding growth prospects as a low-cap gem.
The ongoing presale offers a good, perhaps the best, opportunity to become an early adopter. DTX token is priced at just $0.04 in the second round of the ICO, with a staggering $1.3 million raised so far. Mere participation in the presale guarantees a 200% gain by the launch date, not to mention a projected 50x upswing after its market debut.
In light of the above, it is primed to outclass top crypto coins like Fantom (FTM) and Notcopin (NOT). Further, its hybrid exchange protocol is set to compete with established players. It will allow the trading of diverse assets across TradFi and DeFi, making it a new player to watch out for.
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