Viral Crypto Raises $13.2M In Weeks – Why Experts Are Calling It The “Ethereum Killer”

As we entered February, experts said it would be the most bullish month in history for ETH. That sparked optimism across the market, and then came President Trump and his trade war with Canada and Mexico. The markets tanked, and so did the Ethereum price.

Crypto whales consolidated their ETH holdings yesterday when the Ethereum price dropped and intend to move their liquidity to emerging tokens like DTX Exchange. The DTX token is powered by an innovative hybrid trading platform that will change how traditional and crypto assets are traded today. DTX Exchange is in the last stage of its viral presale and is set to launch soon.

Will the Ethereum Price Rebound?

The Ethereum price fell 20% yesterday. The downturn is concerning for ETH investors, and analysts are trying to speculate if the ETH bull run is truly over. The bearish market sentiment has caused a sell-off and pushed the Ethereum price down. With ETH’s strong fundamentals and pivotal role in DeFi, the Ethereum price is mainly resistant to sharp and sudden changes, so yesterday’s decline because of a market correction seems surprising.

Volatility is extremely high for ETH, and it now faces significant resistance at $2,920. The Ethereum price is facing hurdles near the $2,900 level, and if it fails to clear this resistance, it could start another ETH decline and find support at $2,650.

For the last six years, ETH has had positive monthly closes in February. Using historical data for predictions, the Ethereum price could rally to $4,300. A new all-time high is possible if macroeconomic conditions also allow it, and many analysts say that investors who thought they should give up on ETH need to hold on to it till the end of February.

DTX Exchange Surges Ahead with $13M in Funding

DTX Exchange will disrupt the global trading markets with its multi-asset hybrid trading platform. It is a game changer in the digital asset space as it will support over 120,000 different assets. Traders will be able to trade fiat assets alongside crypto derivatives on a user-friendly platform that has low fees, faster transactions, and unmatched security.

The current outdated trading model means that traders are jumping from one platform to

Go to Source to See Full Article
Author: Adrian Barkley

Did you like this?
Tip BTC Newswire with Cryptocurrency