ADA and MATIC Struggle; DTX Presale Touted as Next Moonshot
Former Bitcoin Analyst Picks DTX Presale as Next Moonshot; Nothing as ADA and MATIC’s Sluggishness
A former Bitcoin analyst has identified the DTX presale as the next big opportunity, leaving ADA and MATIC struggling to keep up. Despite Cardano’s (ADA) recent hard fork and Polygon’s (MATIC) transition to POL, both tokens have shown sluggish performance in the market.
Meanwhile, DTX Exchange is making waves with its innovative tradFi solutions, AI-powered technology, and rapid growth. Could DTX be the next big thing in crypto? In this article, we will discuss the latest updates on ADA, MATIC, and DTX.
ADA struggles despite Cardano’s ‘Chang’ hard forkCardano (ADA) native token, continues to struggle despite the much-anticipated “Chang” hard fork going live. Cardano (ADA) founder Charles Hoskinson claimed the upgrade would introduce decentralized governance, where Cardano (ADA) holders could vote on proposals and elect representatives.
But the market was not impressed. Instead of celebrating, Cardano (ADA)s price dropped almost 3%, continuing its losing streak. It is currently hovering around $0.30, down more than 13% in the week beginning Aug 26. Even with the successful implementation of the hard fork, which transfers control to the ADA community, the market used the upgrade as a ‘sell-the-news‘ event.
Charles Hoskinson has had it with Bitcoin, and it’s painfully obvious. Cardano (ADA)’s price action against Bitcoin has been a two-year downward slide, locked in a descending channel, hitting lower highs and lower lows as Bitcoin enjoys its dominance.
While Hoskinson’s talking about how Bitcoin is a “religion, not an ecosystem,” the price charts suggest he might just be venting because Bitcoin is smacking Cardano (ADA) around like it owes BTC money.
Polygon MATIC set to transition to POL with key upgradesWith only a few hours left before Polygon (MATIC) transitions to POL, the tokens have set key price trends to watch. The token migration, scheduled for September 4, is part of a major upgrade introduced to the community last year.
The upgrade aims to make POL the primary token across all Polygon networks. Notably,Polygon (MATIC) will become the native gas and staking token for Polygon’s main proof-of-stake chain.
In a recent post, Polygon (MATIC) highlighted some of the community’s benefits of the token migration. The network states that POL introduces a novel approach to sustainable growth with a 2% annual emissions model.
The sole purpose of this model is to supply 1 billion POL tokens over ten years to fund the community grants program. The 2% annual emissions are shared equally between Polygon PoS validators and the Community Treasury.
Validators earn 1% as an incentive to secure the network, with the remaining 1% going to the Community Treasury to sustain Polygon in the long term. This emissions model ensures continuous rewards for validators, encouraging new entrants to join and participate in the network.
DTX exchange poised for major impact with revolutionary DeFi featuresDTX Exchange (DTX) is ready to become one of the biggest industry voices with its revolutionary tradFi schemas and cutting-edge features, empowering traders with top-tier analytics and AI-powered tech. DTX platform solves inherent liquidity problems of existing decentralized exchanges with its robust hybrid model and revenue-sharing strategies.
The lightning-fast platform of DTX fulfills the dream of every trader by integrating 1000x leverage for explosive gains with minimum capital investment. Following its global scope by hosting a number of assets from different financial sectors, the project has raised a mind-blowing $2.4 million in batch 3 of the public presale.
DTX also includes FTX capabilities for seamless conversations and includes robust security protocols including KYC-free onboarding, multi-tier accounts, and non-custodial wallets to eliminate risks of data compromisation. Moreover, DTX has silenced critics with its ground-breaking performance of its testnet, processing over 10,000 TPS and competing with top-tier blockchains.
The DTX token is in high global demand as the tokens have reached 15,500 unique holders. Ready to surge beyond $1 once hitting the mainnet, global investors are rushing to become early stakeholders in the best emerging deFi project, poised to yield 1200% gains post-launch.
Learn more:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
The post ADA and MATIC Struggle; DTX Presale Touted as Next Moonshot appeared first on The Merkle News.