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Chainlink and Ethereum whales are eyeing a new DeFi coin outlet, drawn by its strong growth potential in this bull cycle.
As the cryptocurrency market evolves, advanced platforms and assets appeal to investors. Among them are Chainlink (LINK), Ethereum (ETH)and a DeFi coin that has proven to be a good crypto to buy due to its massive growth potential.
Previously, investors were cautious when investing in new crypto. But this time, they are aggressively buying into the new DeFi coin presale because of their huge profit prospects despite being in their presale phase.
Here’s why the new crypto is attracting ETH and LINK whales in this bull cycle!
DTX Exchange: A new crypto platform offering 120k assets and a profitable DeFi coin
DTX Exchange (DTX) is a new crypto trading platform that has introduced a unique trading strategy to the market.
It is different from most exchanges that only support specific asset classes such as commodities, indices, bonds and stocks. In this context, the DTX Exchange platform offers 120,000 asset options for traders to invest, including crypto.
With this massive offering, DTX Exchange is tied to the $714.7 trillion OTC derivatives market, giving its DeFi coin massive growth potential. Thus, investors manage multiple assets without switching between platforms or accounts.
For those who love privacy, DTX Exchange is a great option. Its no-KYC policy means users can transact without revealing their identity. This investment method helps merchants meet their needs and is perfect for users looking for a quick and easy registration process.
DTX exchange is a dominant player in the crypto sector, offering advanced investment concepts. Its DeFi token has delivered remarkable market performance despite being in its presale phase. In this context, the presale of DTX has raised more than $9.4 million so far, and analysts say the figure will exceed $10 million this month.
With all its features, DTX Exchange enhances the trading experience of users and offers attractive incentives to holders. The crypto trading platform could become the next big thing in this bull market due to its increased privacy, innovative features and access to multiple assets.
Chainlink Whale Activity Increases 1,219%, Driving LINK Price Growth
Chainlink recorded a 1.219% increase in whale activity on December 2, 2024, with these transactions hitting $858.08 million. This coincided with a 31% price increase, bringing LINK to trade above $24. Interestingly, the token gained more than 35%, highlighting strong market momentum.
Whale activity indicates considerable buying and selling, which affects the price of the token. Data IntoTheBlock suggests that whales are hoarding LINK and capitalizing on the price rally. The massive activity highlights investor confidence in Chainlink’s growing ecosystem.
Chainlink has continued to grow through high-profile collaborations with reputable entities such as Swift, Euroclear, and the central bank of Brazil, who are leveraging Chainlink for their CBDC project. These developments show Chainlink’s integral role in blending AI, oracles and blockchain technology in financial markets.
LINK was valued at $24.11 on December 6, up 36.29% over the past week. Analysts say LINK will rise to $29 this month as more whales hoard the token. As LINK shows massive growth potential, investors are turning to a new $0.12 DeFi coin that could provide your annual income within a month.
Ethereum Eyes $4,000 with increasing whale activity and bullish sentiment
Ethereum’s ETH is around 18% below its all-time high, registering the potential to surpass $4,000 for the first time in nine months. The main drivers include a rising 7-day market value to realized value (MVRV) ratio and the growing stockpiling of whales.
The 7-day MVRV, now at 6.1%, highlights rising unrealized profits and increased optimism among short-term holders. Historically, levels around 7% or higher result in corrections, but the rally can extend further if sentiment remains bullish.
The accumulation of whales is also growing, with wallets holding more than 1,000 ETH, hitting 5,599, a high since October 6, 2024. This growing interest from whales highlights the confidence in the trajectory of the price of ETH. If ETH breaks above $4,000, it could go to its high of $4,867. However, if the momentum fades, ETH may retest support at $3,688, $3,500, or $3,255.
ETH was trading at $3,904 on December 6, up 9.16% over the past week. Analysts say ETH will rise to $4205.16 this month as more investors buy the altcoin. Investors are turning to a new DeFi coin that has massive growth potential. So, it is a good crypto to buy.
DTX is considered a good crypto to buy on LINK and ETH in this bull market
The dynamic crypto market continues to attract investors with innovative projects like DTX Exchange, which has an impact on crypto trading massively. With the growing interest from whales Chainlink and Ethereum, the DeFi coin has a massive profit potential which made it a good crypto to buy in this bull cycle.
DTX Exchange’s unique features position it perfectly to outperform established investments as more investors rush to buy the token.
DTX is selling fast in Stage 6 of its public presale, valued at $0.12, which also implies a 500% profit for the first buyers who buy it at $0.02. In addition, new investors will receive a profit of 67% once the DeFi coin ends the presale phase and launches in the mainstream markets at $0.20.
For more information, visit the The DTX Exchange presale site and join to online community.
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