DeFi
Donald Trump debate spurs rise of DOT, LINK and Defi tokens
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Donald Trump’s presidential debate over crypto-friendly policies has sparked a surge for Polkadot, Chainlink, and DeFi token DTX.
The cryptocurrency market is no stranger to volatility, often influenced by political events and regulatory developments. Recently, a notable rise in Polkadot (DOT), Chainlink (LINK), and DeFi token DTX was seen following a presidential debate with Donald Trump. The debate highlighted potentially cryptocurrency-friendly policies that could shape the future of the market. This article examines the impact of these policies on DOT, LINK and DTX and explores their market performance.
Presidential candidates battle for crypto industry support ahead of election
As the election approaches, presidential candidates are vying for support from the cryptocurrency industry. Recently, Donald Trump has taken a more pro-crypto stance, while President Joe Biden is also adjusting his approach. On June 27, Trump actively criticized Biden’s cryptocurrency policies and sought to engage the industry.
Trump, who is expected to face Biden in the November election, has begun raising money for his campaign using cryptocurrency donations, signaling a strategic shift. At a rally in Racine, Wisconsin, on June 18, Trump said, “I will end the Biden administration’s war on crypto,” comparing it to a war centered around the SEC.
“Our goal is to make sure that the future of cryptocurrencies and Bitcoin happens in the United States,” Trump stressed, warning that if the United States does not take the lead, other countries will seize the opportunity. He also stressed that his cryptocurrency strategy would create opportunities for the younger generation.
In addition to adding cryptocurrency as a donation method, Trump hired an advisor who advocates a bitcoin reserve plan for the United States and has expressed a positive view of the cryptocurrency mining industry. These actions have sparked optimism within the crypto community, particularly among investors in Polkadot (DOT), Chainlink (LINK), and DTX.
Polkadot: Bulls Charge as Breakout Looms
Polkadot (DOT) is on the verge of a possible breakout, with bullish momentum building in the market. Currently trading in a range of $5.28 and $6.22, DOT faces its next hurdle at $6.79. If the bulls manage to overcome this resistance level, the token could see a strong rise towards $7.73, representing a potential 30% upside from the current high of $6.22.
Recent positive movement is evident with an 11.53% gain recorded this week. Despite an 11% decline over the past month, the Relative Strength Index (RSI) remains in bullish territory, suggesting there is room for further growth. With strong buying pressure building, DOT presents an attractive opportunity for investors looking for assets with clear upside potential.
Chainlink: Oracle Network breaks resistance, bullish outlook emerges
Chainlink (LINK), the decentralized oracle network that powers countless applications, has sparked excitement in the cryptocurrency market with a recent surge past the crucial $13 resistance level. This bullish momentum has analysts predicting a possible price rise, with some even charting a path for a significant upward move.
Further fueling optimism is the current Relative Strength Index (RSI), which sits at a neutral level of 43. This metric indicates that LINK is neither overbought nor oversold, leaving ample room for potential growth. A break above the key resistance level at $14.85 could mark a significant change in momentum, potentially triggering a sustained uptrend for LINK in the coming days.
DTX Exchange: Defying Volatility with a Unique and Robust Presale
As Bitcoin and the broader cryptocurrency market face turbulence, DTX Stock Exchange thrives with its advanced trading features and unique blockchain technology. DTX Exchange offers a unique hybrid trading platform that combines the best aspects of decentralized exchanges (DEX) and centralized exchanges (CEX).
This enables high-speed trading on over 120,000 assets including cryptocurrencies, stocks, bonds, currencies, and commodities without requiring KYC verification. Despite this, DTX adheres to strict international financial regulations, ensuring the safety and compliance of users’ assets.
DTX tokens, currently priced at $0.04, offer many benefits, such as reduced trading fees, exclusive features, and governance voting rights. The presale was very successful, raising over $762,836. As the presale continues, token prices are expected to reach $0.06 in the next round.
For more information, visit the DTX Presale Site, read the white paperor join the community on Telegram.
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