The crypto landscape is innovative, prompting answers like, “Here for the tech.” With novel projects constantly going live and given the market’s interest in the next big thing, DTX Exchange (DTX) has caught investors’ attention ahead of Chainlink (LINK) and TRON (TRX).
DTX, a hybrid exchange protocol with its L1 blockchain, has been the talk of the crypto community. Its unified Layer-1 blockchain, which integrates traditional asset classes with Web3 products, went live this month and has been hailed as one of the new DeFi projects to watch out for.
DTX Exchange (DTX): Hybrid Layer-1 Blockchain Goes Live
DTX Exchange (DTX) is on investors’ radars courtesy of its novelty and growth prospects. Meanwhile, experts’ attention has been captured thanks to the critical challenges it aims to solve in the $10 billion global trading space.
Its unique value proposition is a hybrid trading protocol—a blend of CEX and DEX. This sets it apart from established players, addressing challenges like centralization via wallet-based trading and non-custodial storage of assets.
Following its roadmap, the proprietary hybrid Layer-1 blockchain, which integrates conventional assets with Web3 products, recently went live. With a token priced at $0.06 in the third round and over $2.7 million raised in early funding, it is a new altcoin worth betting on. Meanwhile, experts predict a 100x upswing post-launch, edging out Chainlink (LINK) and TRON (TRX).
Chainlink (LINK): Declining Interest
Chainlink (LINK) is an Oracle network that connects smart contracts with critical off-chain information. This can be linked to its rise to becoming one of the top altcoins.
On the yearly charts, the Chainlink price soared over 50%, trading above the $10 support. However, in the past 30 days, it trades downward: a 7% decline.
The drop in interest is partly because of the overall market decline and shift to more promising alternatives: top ICOs and new altcoins. Their significant upside potential makes Chainlink less appealing to those seeking huge returns.
TRON (TRX): Further Decline?
TRON (TRX), an L1 altcoin and DeFi solution, facilitates the creation of decentralized applications. It also hosts other cryptocurrencies. The launch of SunPump, a TRX meme launchpad, makes it a strong contender in the meme ecosystem, hot on the heels of Solana and ETH memecoins.
While it hit an annual peak of $0.16 in late August, there has been a notable decline since then. The TRON price fell 5% in the past 30 days, which analysts believe is caused by a wider market downturn.
With fear of further downswings thick in the air, investors have been looking beyond TRON (TRX). It trades at $0.15 but experts predict a fall below $0.14 before the next leg of its bull run. Nevertheless, its long-term outlook is promising.
Conclusion
While Chainlink (LINK) and TRON (TRON) underwhelm, DTX Exchange (DTX), a new hybrid trading platform, has been hailed as the next big thing. Its unique offering—a one-stop platform for trading diverse assets—makes it attractive. Hence, it has been tipped as one of the best new cryptos to invest in.
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