Avalanche (AVAX) Rebounds While Cardano (ADA) Lags Behind
Avalanche (AVAX) has recovered from the recent bearish market trend, now trading near the $30 psychological level. In contrast, Cardano (ADA) continues to hover around its 52-week low. Both cryptocurrencies have displayed long-term bearish sentiments, and the possibility of reaching new highs remains challenging for both.
Amidst this prolonged correction, investors in Avalanche (AVAX) and Cardano (ADA) are searching for alternative opportunities. One standout is the DTX Exchange (DTX), which has surged by 300% over the last two months, while many other cryptocurrencies have struggled to maintain their levels.
Avalanche (AVAX) Foundation Announces Token Buyback from Luna
The Avalanche Foundation recently announced the buyback of 1.97 million Avalanche (AVAX) tokens, originally sold to the Luna Foundation Guard (LFG) in April 2022, just before the Terra blockchain’s collapse. The foundation agreed to repurchase these tokens for $45.5 million, despite their current market value being $57.4 million.
This sale was initially intended to support TerraUSD’s reserves, but the downfall of the Terra ecosystem changed those plans. The buyback will decrease AVAX’s circulating supply, potentially increasing demand and prices. Additionally, institutional interest in Avalanche (AVAX) is rising, as Colombian neobank Littio transitions from Ethereum to Avalanche.
Cardano (ADA) Marks Argentina’s First Legal Contract
Cardano (ADA) recently celebrated a milestone by hosting its first legally enforceable contract in Argentina, under the country’s legal jurisdiction. The contract involved a loan agreement between Cardano (ADA) ambassadors Mauro Andreoli and Lucas Macchia for 10,000 Cardano tokens (worth $3,380), with a four-month repayment period and 10% interest.
The agreement was legally notarized and included key details such as the network used, wallet addresses, and transaction ID. This groundbreaking use of Cardano (ADA) smart contracts simplifies commercial transactions by streamlining legal processes.
DTX Exchange’s Staking Feature Driving Investor Interest
DTX Exchange (DTX) has been recognized as one of the best projects of 2024 by several experts. The platform uniquely combines centralized and decentralized features, lowering fees and eliminating central governance. Investor interest has surged, especially during the early presale stages.
One key feature attracting investors is DTX Exchange’s staking. Users can earn up to 15% APY by staking their digital assets, providing an easy way to grow holdings while helping secure the network.
Key Features of DTX Exchange
- Unified Layer-1 blockchain connecting traditional finance with Web3 products
- Supports over 120,000 asset classes
- Staking with up to 15% APY
- 1,000x leverage for traders
- Distributed liquidity pools
- Non-custodial wallets
- No KYC requirements
DTX Exchange is building a platform that combines both TradFi and DeFi, paving the way for broader adoption. Its extensive feature set is designed to make trading easier while maximizing profit potential in the volatile crypto market.
DTX Exchange Presale Gains Momentum
DTX Exchange has had a strong start to October, with significant price gains during its ongoing presale. The platform has already raised $4.6 million, with DTX tokens currently priced at $0.08. Experts predict the price will surge to $1 after the official launch.
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