The Ethereum Foundation has made some ETH transactions that could potentially spark volatility. The ETH price has struggled to gain momentum this month, and there have been several bearish catalysts. Amid a trade war and other macroeconomic issues, the Ethereum Foundation’s actions might hinder bullish advances for the ETH price. While headwinds from the US-China trade war exacerbate the crypto market’s downturn, investors are attracted by the stability of the DTX Exchange . The multi-asset trading platform is in the last phase of its exciting presale, which has already received $13.6M in funding. It is ready to launch, and its native token will soon be listed on top-tier exchanges. Ethereum Foundation Transfers 50,000 ETH The market has been abuzz since the Ethereum FOundation transferred 50,000 ETH yesterday. The ETH price has been mostly stagnant for three days, and this 50,000 ETH transaction has sparked market speculation, but the ETH price has yet to see a meaningful recovery. Historically, such actions from the Ethereum Foundation have increased volatility in the ETH price. The ETH price saw a sharp decline last week, but now selling pressures seem to have eased, and there is a chance for an ETH price recovery. While BNB and SOL have posted gains, the ETH price has remained stagnant, which signals investor indecision and lack of confidence. The Ethereum Foundation has internal challenges, controversial network updates, and an increasing circulating supply. These could spell doom for the ETH price. Recent changes in leadership at the Ethereum Foundation have also raised criticism, and the Foundation has also been slow to act on issues like the network’s slow speed and financial transparency. The crypto community has raised concerns over the Ethereum Foundation’s periodic sales of ETH. The foundation opts to liquidate assets instead of leveraging staking opportunities. The network also has scalability issues, with the closest competition, Solana, gaining traction for offering faster and cheaper transactions. All this is bearing down on the ETH price. DTX Exchange to Surpass Top Altcoins DTX Exchange is changing the trading industry with its hybrid trading platform. DTX has identified a gap in the trading ecosystem and has created a platform that bridges that gap between the traditional and decentralized trade of assets. It is stealing the spotlight from legacy altcoins, with its presale already crossing $13.6 million and analysts predicting a massive price rise once the DTX token is listed. DTX Exchange is an ambitious project, and the unified DTX hub will offer users access to over 120,000 fiat and crypto assets, including forex, stocks, bonds, gold, ETFs, NFTs, and cryptocurrencies. The hybrid trading platform will remove barriers between markets and make crypto derivatives more accessible. Traders will not have to hop between multiple platforms anymore and will easily be able to manage their entire portfolio on one reliable, fast, and user-friendly platform. DTX is based on the VulcanX layer-1 blockchain, and it has achieved a testnet speed of over 200,000 tps, much quicker than top altcoins. This means traders can achieve faster transactions and trades in real time. Key Takeaways DTX Exchange might be the best new DeFi project to watch. It is currently priced at $0.16, but it won’t be at this affordable buy-in for long. The price is predicted to rocket soon after listing, and top crypto analysts advise investors to invest in the presale before it ends. The token has surged by 700% since the presale started, and the growth trajectory is unprecedented. To know more about the DTX Exchange ecosystem, Check out: Visit Website Buy Presale Join Community Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
