Bitcoin Cash (BCH) and Tron (TRX) have both dropped in price recently, making investors wonder why. At the same time, the $1.6M presale of DTX is getting a lot of attention and money from people in the crypto world.
It’s important to understand why these changes are happening. In this article, we will explain why the prices are moving up and down and what this means for investors.
Bitcoin cash price dips 3.76% in 24 hours amid increased volatility
Over the past 24 hours, Bitcoin Cash’s price has fallen 3.76% to $346.46. This is opposite to its positive trend over the past week where it has experienced a 3.0% gain, moving from $336.39 to its current price.
The chart below compares the price movement and volatility for Bitcoin Cash over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
The trading volume for the coin has risen 24.0% over the past week diverging from the circulating supply of the coin, which has decreased 0.12%. This brings the circulating supply to 19.75 million, which makes up an estimated 94.06% of its max supply of 21.00 million. According to our data, the current market cap ranking for BCH is #19 at $6.84 billion.
Tron (TRX) transactions surge 41% as price approaches $0.16
Nansen, a powerful multichain analytics platform, has some good news for the Tron (TRX) community. According to a recent tweet, Nansen revealed the number of daily transactions on the Tron network has been increasing in the past six months.
The figure increased by 41% from 5.1m to 7.2m. This uplift could be due to the rise of Meme coins on the Tron (TRX) blockchain. Tron’s SunPump is now competing with Solana’s Pump.fun. Also, the price of the Tron coin has risen. It has been on an uptrend in the past month, reaching the $0.16 region.
Tron (TRX) s market cap is even fluctuating between $10b and $15b. The cryptocurrency’s 14-day RSI is currently in the overbought region. So, market experts say the Tron price could pump in the coming weeks.
DTX presale soars to $1.6M as Bitcoin Cash and Tron prices dip
As Bitcoin Cash and Tron (TRX) prices dip, the $1.6M DTX presale is taking flight.
DTX Exchange (DTX) has hit a major milestone by launching its testnet, generating excitement among investors looking for a promising presale token. Analysts believe this is a big step, with early participants likely to see significant gains.
Only a handful of projects make it big after their launch but DTX might have what it takes given its imminent disruption of the $10 billion global trading market. Thanks to its hybrid exchange platform—a blend of DEX and CEX—it has been hailed a trailblazer by industry experts.
Besides allowing the trading of over 120,000 assets across stocks, ETFs, bonds and cryptocurrencies, its focus on global accessibility and financial inclusion makes it a strong contender. This one-stop platform is designed to cater to the evolving needs of traders and has been tipped to become one of the year’s biggest breakout stars.
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