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 Mexico.
It also announced its expansion to Peru at the beginning of May 2024. Experts predict that these actions might increase interest in Worldcoin (WLD). Nevertheless, the Worldcoin token is currently seen struggling in the market.
GALA Price Struggles Due To Security Breaches And Contract Exploitation
An X post claims that the GALA contract has generated over $200,000,000 in on-chain revenue. Allegedly, the perpetrator is converting all pilfered money into Ethereum. This worrying development could erode investor trust in the GALA.
The Gala Games team has responded by advising GALA holders to switch to a new contract to minimize losses and stop more money loss. This has adversely affected the GALA price. The investors’ shaken confidence can start a massive sell-off phase eventually causing a major dip in GALA price.
Therefore, GALA investors focus on emerging projects that can hedge losses and help with positive ROI. DTX Exchange has become the best platform in this regard, as suggested by its feasible view in the eyes of leading analysts.
Investors Eye DTX Exchange’s Hybrid Trading Feature
DTX Exchange (DTX) creates a mark in the crypto industry with its hybrid strategy. The hybrid trading feature combines features from centralized and decentralized exchanges. With its state-of-the-art setup and wide range of trading options, the platform provides traders with unmatched market opportunities. The non-custodial wallets offer decentralized security. It gives complete autonomy to the traders as they control private keys and digital assets.
Investors have a fantastic opportunity to become involved with DTX Exchange and influence the company’s future during the current presale. The market is primed for DTX to take advantage of this opportunity, especially with its $0.04 presale price. Over $560,000 has been raised during its incredible presale as stage 2 has begun.
A recent VulcanX update in DTX eliminates gas fees, facilitating the investors. The platform has expanded in the blockchain arena with the announcement of layer 1 blockchain. Moreover, DTX is announcing a giveaway for the investors.
Key Takeaways
In the cryptocurrency space, DTX Exchange’s hybrid trading infrastructure captivates investors. As the GALA price and Worldcoin momentum decline, investors become more interested in DTX Exchange’s growth potential.
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