With Bitcoin halving less than a month away, major altcoins are facing significant resistance and the market has continued to evaluate new launches more favorably. Polygon (MATIC) outlook is bearish as $MATIC price faces resistance below $1, top analyst says hybrid exchange token. DTX will reach the milestone first.
While Polygon (MATIC) struggles with layer 2 competition, DTX Exchange is seeing a surge in pre-sales and is on track to break $1 first. More market volatility means more growth on trading floors, and investors want to bet on pick-and-shovel plays.
Polygon (MATIC) bearish outlook with resistance below $1
Polygon (MATIC) can’t catch a break and continues to perform poorly despite the tremendous success of other layer 2 scaling solutions like Arbitrum (ARB) and Base. In particular, Polygon (MATIC) is unable to break key resistance below $1, and if the bullish trend runs out, $MATIC could quickly fall into a bearish continuation.
Launched in 2017, Polygon (MATIC) was once the best cryptocurrency to invest in and the future of Ethereum (ETH), extending Ethereum (ETH) through the Polygon (MATIC) proof-of-stake sidechain. However, over the years, Polygon (MATIC) has fallen behind in the expansion race due to its incredible pace of innovation. EIP-4844 solidified this trend by drastically reducing rollup fees, and the lack of investor buying pressure on Polygon (MATIC) explains its dismal performance.
Despite briefly surpassing $1 in March, a sharp rejection and current major resistance at the around $0.90 price range has analysts predicting a bearish outlook for $MATIC going forward.
DTX Exchange (DTX) Ready to Achieve $1 Price Target
DTX Exchange (DTX) is leading the way as the best cryptocurrency to buy in 2024 and presales are booming. Top analysts expect $DTX to reach $1 before $MATIC, and the reason is simple. During periods of high volatility, trading activity surges and trading platforms become the biggest net beneficiaries. A bull market is the perfect time for a new trading platform to succeed.
Limited access and lack of asset diversity have always been significant drawbacks in the world of trading. It goes without saying that users in certain geographic locations are prohibited from trading sophisticated goods. Centralized exchanges have ample liquidity and offer the best experience, but users face counterparty risk.
DTX is introducing a platform that blends the best of both worlds and offers the performance of a centralized exchange, but with all the custody benefits of a decentralized exchange. It offers a next-generation trading experience thanks to a decentralized liquidity pool that provides aggregate liquidity and on-chain order books.
Offering over 120,000 financial products including traditional stocks, forex and contracts for difference (CFDs), DTX Exchange is poised to become a trading hub this cycle. The native token unlocks premium access features such as leading analytics and analytics to improve the performance of every trader, and holders can stake their tokens, participate in governance, and enjoy revenue sharing.
In the current context, Polygon’s (MATIC) efforts stand in stark contrast to the promising growth of DTX Exchange, driven by its innovative hybrid approach and broad financial product offering.
To learn more about DTX Exchange, visit the DTX pre-sale website or join the DTX Telegram community.
