The Australian Securities Exchange approved the first spot Bitcoin ETF, while the DTX Exchange presale raised more than $700,000. Meanwhile, Polkadot soars.
The VanEck Bitcoin ETF (VBTC) has been approved by the Australian Stock Exchange (ASX), its first spot Bitcoin ETF. This is an important step for cryptocurrencies in Australia. Meanwhile, one of the main cryptocurrencies of the moment, DTX Exchange (DTX), is in phase 2 of presales. This cryptocurrency raised more than US$700 thousand. Polkadot (DOT) is also making headlines for its price developments.
Bitcoin: first Australian spot ETF
As a major cryptocurrency, Bitcoin (BTC) has recently seen some interesting developments. Notably, VanEck Australia announced that the ASX has approved its VBTC. This is an important milestone for the adoption of cryptocurrencies in this country. While not the first Bitcoin ETF launched in Australia, VBTC is the first ETF approved by the ASX.
This important news about Bitcoin could trigger a recovery for this cryptocurrency, whose value has increased by almost 150% in the last year alone. Furthermore, BTC is now trading above the 100-day and 200-day EMAs and has 16 green technical indicators. Therefore, market analysts predict that Bitcoin will reach a value of $70,000 before the end of Q2 2024.
DTX Exchange: Pre-sale gains momentum
While Bitcoin makes noise in Australia, DTX Exchange (DTX) makes noise around the world. This growing pre-sale sensation has already raised over $700,000 and is on track to hit $1 million before the end of June 2024. Additionally, those who purchased this cryptocurrency early on are now enjoying a return on investment 100% in a short period. .
What sets DTX Exchange apart is its hybrid trading platform, which combines CEX and DEX functions. Users can therefore trade over 120,000 asset classes such as stocks, forex and cryptocurrencies with leverage of up to 1,000x. Consequently, flexibility and high leverage options place DTX Exchange among the top exchanges in the crypto industry.
At the center of this platform will be the DTX token. Holding DTX tokens offers several benefits, including lower trading fees and governance voting rights. Additionally, those who own $100 worth of DTX during the pre-sale will be entered into a $1 million prize draw, with ten lucky winners winning $100,000 each.
DTX is currently in phase 2 of its pre-sale with a value of $0.04, a 100% increase from the initial price of $0.02. This price is expected to rise to $0.06 once Stage 3 begins. Traders who buy it now will get a 50% ROI. Taking all these factors into consideration, market analysts predict a 50x rise for DTX once a Tier 1 CEX lists it in Q3 2024. As a result, DTX has become one of the top cryptocurrency investments.
Top Analyst Maintains Bullish Stance on Polkadot
Polkadot (DOT) is another cryptocurrency that is on a bullish streak. Data from CoinMarketCap shows that Polkadot’s price is up nearly 40% on the year-to-date chart. Analyst Michaël van de Poppe claims that DOT has reached a crucial support zone and is ready for accumulation. In his post X, Poppe states that Polkadot will be a big driver in the coming years.
Polkadot cryptocurrency technical analysis supports this claim. For example, there are now six technical indicators in the buy zone as DOT is trading above its 200-day EMA. Because of this, cryptocurrency experts have a new Polkadot price prediction: it will reach $9 before the end of the second quarter of 2024.
Bitcoin x DTX Exchange x Polkadot: what stands out?
While Bitcoin, DTX Exchange, and Polkadot are the top cryptocurrencies to watch right now, one stands out: DTX Exchange. This newcomer has a lower market capitalization while taking advantage of the $1.4 trillion forex market. In other words, DTX is expected to experience significant growth while maintaining stability in volatile markets, positioning it as a solid investment option at this time.
