Bitcoin (BTC) Turbulence Affects Avalanche (AVAX) Key Support
As the leading deFi solution destination, Avalanche (AVAX) had many investors put their faith in its potential amid the broader market sentiment. However, the market fluctuation had Avalanche (AVAX) on its target radar. Avalanche (AVAX) has slumped by a major 6.27% in the last seven days, bringing its trading value to $21.86 today.
Given that Avalanche (AVAX) is known for facilitating dApps creation, high transaction output, and robust scalability, its sudden price drop has raised concerns among the investor and analyst community. Avalanche (AVAX) has slumped from its weekly $24.70 to an alarming $21.70, which is critically below the key support level.
Unclear about the future outlook of Avalanche (AVAX), some experts think that the altcoin might head toward further downswings and fall below the $20 mark, with many planning to exit the network and sell off their holdings. This user activity will add to the ongoing bearish sentiment and increase selling pressure on Avalanche (AVAX).
DTX Exchange Testnet Debut Brings Bullish Presale to Prominence
While Toncoin (TON) heads toward more volatility and Avalanche (AVAX) drops below key levels, the DTX Exchange (DTX) has outshined the status quo with its state-of-the-art hybrid exchange. This deFi platform offers a highly rewarding revenue-sharing model with its users so they can secure lucrative positions in the form of DTX tokens.
After the successful launch of DTX Exchange’s Testnet platform, many investors, traders, and developers have been seen flocking from other exchanges to this emerging deFi platform. The sudden surge in demand has skyrocketed DTX Exchange to become the best-selling presale of 2024, dominating established altcoins like Toncoin (TON) and Avalanche (AVAX).
DTX Exchange Defies Market Sentiment With A Massive Rally
The platform features reduced trading fees and transparency to avoid the fee pattern followed by traditional trading platforms. Back in the day, these fees used to consume