DTX Exchange Stuns With Hybrid Trading Infrastructure, Onchain Data Shows Interest From Worldcoin & GALA Investors
The post DTX Exchange Stuns With Hybrid Trading Infrastructure, Onchain Data Shows Interest From Worldcoin & GALA Investors appeared on BitcoinEthereumNews.com.
Worldcoin (WLD) recently unveiled an L2 network intended to scale its human ID operations, called the Worldchain. The network revealed a Worldchain category for its Grants program on May 16. Despite this announcement, Worldcoin struggles in the bull market as its price fluctuates between bears and bulls. Price movements have caused major unrest among investors, compelling them to search for better investment opportunities. Onchain data reveals a recent 10% increase in GALA price. This surge has drawn the attention of market analysts. The token attempted to breach the resistance level of $0.05, having been trading below it since mid-April. But the breakout did not exactly work, and the price has already begun to retreat. Numerous factors are being held responsible for this price decline. The inability to break above the resistance level, exploitation, and security lapses are a few of the major causes of the significant GALA price decline. These factors can cause a sell-off since traders interpret it as a sign of weakness. With its hybrid trading feature, the DTX exchange becomes a ray of hope for the WLD and GALA investors in these circumstances. Worldcoin Fails To Rally Despite Worldchain’s Development WorldChain, the new category, will provide funding for Worldchain-related projects, infrastructure, and research. It coincides with Worldcoin’s current market difficulties. In the first week of April, Worldcoin was trading at $7.6655. However, since then, the project has seen a turbulent period with WLD price slipping down to $4.60 at the time of writing. Factors associated with the decline are dwindling confidence in Sam Altman’s OpenAI initiative and broader concern regarding user privacy. The Worldcoin platform declared that it had more than 5 million users in its human verification program in April 2024. Following the news, Worlcoin (WLD) also revealed that it will extend its offerings to include…
Filed under: News - @ May 25, 2024 11:16 am