The price of Ethereum (ETH), the second largest cryptocurrency in the market, is declining significantly. Currently, the price of Ethereum (ETH) is trading above the $2,200 support level, a level that crypto analysts expect to become a major reversal point for the coin.
In this market correction, cryptocurrency experts expect DTX Exchange to reach $10 before Near Protocol (NEAR). The current price of DTX Exchange is $0.04. If it reaches $10, the increase is as high as 24,900%, and experts believe that this correction is the best time to buy some DTX Exchange.
Hackers take advantage of low prices to hoard Ethereum (ETH)
Cryptocurrency hackers are taking advantage of the ongoing market crash to buy heavily discounted Ethereum (ETH) with funds from previous thefts. Blockchain analytics firm Lookonchain reports that the Nomad bridge attackers used 39.75 million stolen Dai tokens to buy 16,892 Ethereum (ETH).
Additionally, blockchain investigation firm PeckShield discovered that the Nomad attackers sent 17.75 Ethereum (ETH) to an intermediary Ethereum (ETH) address. Additionally, stolen funds associated with the Pancake Bunny hack three years ago were also being moved during the market uncertainty.
Near Protocol (NEAR) Shows Strong Bearish Momentum
Near Protocol (NEAR) market performance is very weak in the ongoing price adjustment, with a 24-hour price drop of more than 23% and a 7-day drop of more than 40%, showing a strong bearish momentum for Near Protocol (NEAR). Near Protocol's price is trending downward, reflecting the bearish market sentiment.
If the trend changes direction and NEAR price trades below the 50-day EMA, this could act as a strong resistance for Near Protocol (NEAR). NEAR Protocol (NEAR)’s technical analysis suggests a bearish outlook, with 77% of indicators pointing to a downtrend and only 33% indicating bullish sentiment.
DTX Exchange uses Web3 to revolutionize the exchange industry
Amid the overall correction in the cryptocurrency market, DTX Exchange stands out as an excellent investment opportunity. As one of the tokens with the largest presale volume, it is expected to achieve a return on investment of more than 24,000% due to its impressive presale and groundbreaking features.
This next-generation hybrid trading platform has won the hearts of traders with its unparalleled 1000x leverage feature. It combines centralized and decentralized elements, allowing users to earn impressive returns while maintaining privacy.
DTX Exchange stands out from its competitors by offering an incredible 120,000 trading options and reducing slippage through its distributed liquidity pools, allowing users to maximize their trading potential.
Following the announcement of new layer 1 features, the platform’s ongoing presale has attracted widespread attention, especially from major investors. This influx of funds has fueled expectations of a significant price increase, with leading analysts predicting that its price will jump from the current $0.04 during phase 2 when it is publicly listed.
