Fantom (FTM) and Cosmos (ATOM) have emerged as key picks in the current unstable crypto market, each carving out a distinct path amid market turbulence. Both tokens, despite their respective challenges, are pulling traders and investors. Alongside these, DTX Exchange (DTX) is making waves with its hybrid platform, providing stability and growth in a volatile market.
Fantom (FTM) Takes a Major Hit: What’s Going On?
Fantom (FTM) has recently faced significant headwinds. Its price plummeted by 20% in the last 24 hours, hitting a low of $0.31. Fantom (FTM) has not seen this level since October 2023. This sharp decline has inflicted considerable losses on investors, particularly in the spot market, where trades have become increasingly unprofitable.
The futures market has also mirrored this bearish sentiment, with a notable rise in long liquidations as traders scramble to adjust their positions. The on-chain transaction data paints a gloomy picture for Fantom (FTM) holders, who are experiencing more losses than gains.
The profit/loss ratio of daily transactions has dropped to a mere 0.07, indicating that for every profitable transaction, there are significantly more unprofitable ones, a reminder of the current challenging environment.
Cosmos (ATOM) Gains Momentum After Major Selling Pressure
In contrast to Fantom’s recent struggles, Cosmos (ATOM) has managed to capture some positive momentum, even amidst a generally dismal market performance. According to Coingecko, Cosmos (ATOM) has seen a 10% surge in value over the past 24 hours.
This uptick is like a breath of fresh air for Cosmos (ATOM) holders, who are now eyeing several upcoming developments that could further boost the token’s market position. Cosmos Hub, the driving force behind Cosmos (ATOM), continues to be a key player within the crypto community, consistently bringing value from across the space.
One of the most recent and notable developments is Lava Network’s mainnet launch, a blockchain infrastructure platform built using Cosmos’s SDK. This network has already received 50 billion requests from its supported chains, reflecting the robust and scalable nature of the Cosmos (ATOM) ecosystem.
DTX Exchange (DTX) Stands Firm Amid The Market Downturn
As Fantom (FTM) and Cosmos (ATOM) show signs of recovery in their domains, DTX Exchange (DTX) has entered the market with a bang. DTX has set itself apart by leveraging L1 blockchain technology to deliver a platform that emphasizes security, transparency, and performance attributes that are increasingly critical in today’s market.
DTX Exchange’s protocol ensures that all transactions and order book data are immutable and transparent, allowing users to audit and verify trading activities independently. This level of transparency builds trust and confidence among traders, a vital component in an industry often marred by uncertainty and volatility.
Additionally, DTX operates on a non-custodial basis, meaning users retain full control of their private keys and funds, eliminating the need to trust a central authority with their assets. This approach enhances security and mitigates the risk of potential hacks or mismanagement, a concern that has plagued many centralized exchanges.
FTM & ATOM Investors Move Toward DTX Exchange For 25X Gains
Integrating distributed liquidity pools within the DTX protocol further enhances the platform’s appeal. It enables traders to execute orders with minimal slippage and at competitive prices, which is particularly attractive in a market where liquidity is often a limiting factor.
With these robust capabilities, the DTX network is well-positioned to capitalize on the ongoing evolution of the crypto market, offering a platform that not only meets but exceeds the expectations of modern traders.
Looking ahead, the DTX Exchange is nearing the completion of its skyrocketing presale which has raised more than $1.23 million in its ongoing presale at a phenomenal pace. As more traders recognize the value of security, transparency, and performance, DTX will see increased adoption and growth.
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