This New DeFi Token Raised $220,000 in 12 Hours: Why Are Traders Choosing It Over Chainlink (LINK) and Near Protocol (NEAR)
Chainlink (LINK) and Near Protocol (NEAR) are two of the most exciting projects in crypto, focusing on the future of tech and the industry.
But that doesn’t mean they can make new traders the best returns.
If you missed out on getting in on LINK and NEAR when they were new, then a new and important DeFi coin in presale is worth a look.
Read on to see how people stand to benefit by paying attention to all of these altcoins.
Can the price of Chainlink (LINK) match up to the technical innovations?
Chainlink (LINK) is one of the most exciting projects around in terms of advancing the adoption and interoperability of crypto.
Part of this comes from the way their tech will facilitate institutional investors to get a piece of RWAs (Real World Assets). Asset managers such as Franklin Templeton and Ark Invest have expressed just how important the tokenization of RWAs will be for the future of finance.
In a recent tweet, Chainlink (LINK) continues to prove their interoperability, stating “This week, there were 12 integrations of 6 Chainlink (LINK) services across 8 different chains”. These chains are some of the best in class – Arbitrum, Avalanche, Base, BSC, Ethereum, Optimism, Polygon and Scroll.
And there’s more bullish news on Twitter as a recent unconfirmed leak suggests that Coinbase applied for futures trading for Chainlink (LINK).
So why are traders choosing to move their capital to a newer DeFi coin?
One reason is because all of this good news is already priced into the coin, which already has a huge market cap of $8.7 billion. This means that price appreciation is challenging. Even worse is that just over half of the coins are actually in circulation.
The problem with this is that as new coins are released, selling pressure increases. This is one big reason why a new innovative project in presale is attracting Chainlink’s (LINK) traders and holders.
OpenAI and other AI giants should watch out for Near Protocol (NEAR)
Near Protocol (NEAR) is going back to its roots and focusing on AI. Concerned by the lack of ethics from OpenAI and Microsoft, Near Protocol (NEAR) is building a truly user-owned AI.
Near Protocol (NEAR) is welcoming AI startup founders and developers to build on their decentralized cloud system. AI researchers are also encouraged to join the movement.
Like Chainlink’s CCIP, this is an important step forward in not just crypto but finance and technological advancements. Unlike Chainlink, if what Near Protocol says is true, this should benefit ordinary retail investors, not just billionaire asset managers.
While the ethical standpoint of Near Protocol (NEAR) is admirable, like Chainlink (LINK), innovation alone doesn’t ensure positive price action.
At time of writing, Near Protocol (NEAR) is up by 6% on the daily charts, but down by 26.4% on the monthly. With an FDV (fully diluted valuation) of $6 billion, higher gains on investment can be found in other innovative smaller-cap coins such as DTX Exchange.
The way to big gains is to be early with innovative projects such as DTX
Similar to Chainlink (LINK) and Near Protocol (NEAR), DTX Exchange (DTX) brings innovation to the blockchain.
It’s helping to bring democratization to finance, by allowing retail investors to trade RWAs and other financial products on a decentralized platform.
Don’t want to do KYC? You don’t have to. Want to keep your assets in your own wallet? That’s how DTX Exchange operates.
But here’s the thing – while Chainlink (LINK) and Near Protocol (NEAR) have multi-billion dollar market caps, DTX is still in presale with a tiny $14 million valuation. This indicates massive potential for early investors.
DTX’s decentralized approach mirrors Near’s ethos in the AI space, putting power back in users’ hands. DTX Exchange has the potential to be a leader of DEXes, CEXes, and traditional trading platforms because of its hybrid functionality.
The fact that DTX has raised over $200,000 in less than a day, proves that traders are feeling bullish.
And there’s still time for new investors to get in before the price increases from $0.04 to $0.6.
Since the token will begin its journey on the open market at around $0.12 (a market cap of just $42 million), the massive potential is clear.
