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Donald Trump’s presidential debate on crypto-friendly policies triggered a surge for Polkadot, Chainlink, and the DeFi token DTX.
The cryptocurrency market is no stranger to volatility, often influenced by political events and regulatory developments. Recently, a notable surge in Polkadot (DOT), Chainlink (LINK), and the DeFi token DTX was observed following a presidential debate featuring Donald Trump. The debate highlighted potential crypto-friendly policies that could shape the future of the market. This article delves into the impact of these policies on DOT, LINK, and DTX and explores their market performance.
Presidential candidates battle for crypto industry support pre-election
As the election approaches, presidential candidates are vying for the cryptocurrency industry’s support. Recently, Donald Trump has shown a more crypto-friendly 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, expected to face Biden in the November elections, has started fundraising for his campaign using cryptocurrency donations, signaling a strategic shift. At a rally in Racine, Wisconsin, on June 18, Trump declared, “I will end the Biden administration’s war on cryptocurrency,” likening this conflict to a war centered around the SEC.
“Our goal is to ensure that the future of cryptocurrency and Bitcoin unfolds in the U.S.,” Trump emphasized, warning that if the U.S. doesn’t lead, other countries will seize the opportunity. He also highlighted that his cryptocurrency strategy would create opportunities for the younger generation.
Besides adding cryptocurrency as a donation method, Trump has hired an advisor advocating for a Bitcoin reserve plan for the U.S. and expressed a positive view of the cryptocurrency mining industry. These actions 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 poised for a potential breakout, with bullish momentum building in the market. Currently trading within a range of $5.28 and $6.22, DOT is facing its next hurdle at $6.79. If bulls can overcome this resistance level, the token could experience a significant surge towards $7.73, representing a potential upside of 30% from the current high of $6.22.
Recent positive movement is evident with a 11.53% gain recorded this week. Despite experiencing an 11% drop over the past month, the Relative Strength Index (RSI) remains in bullish territory, suggesting there’s room for further growth. With strong buying pressure building, DOT presents a compelling opportunity for investors seeking assets with clear upside potential.
Chainlink: Oracle Network soars past resistance, bullish outlook emerges
Chainlink (LINK), the decentralized oracle network powering countless applications, has ignited excitement in the crypto market with a recent surge past the crucial $13 resistance level. This bullish momentum has analysts predicting a potential price surge, with some even charting a course for significant upward movement.
Further fueling the optimism is the current Relative Strength Index (RSI) sitting at a neutral 43. This metric indicates that LINK is neither overbought nor oversold, leaving ample room for potential growth. A breakout above the key resistance level of $14.85 could mark a significant shift in momentum, potentially triggering a sustained uptrend for LINK in the coming days.
DTX Exchange: Defying volatility with unique and a strong presale
While Bitcoin and the broader crypto market face turbulence, DTX Exchange is thriving 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 allows for high-speed trading across over 120,000 assets, including cryptocurrencies, stocks, bonds, forex, and commodities, without requiring KYC verification. Despite this, DTX adheres to strict international financial regulations, ensuring user asset security and compliance.
DTX tokens, currently priced at $0.04, provide numerous benefits, such as reduced trading fees, exclusive features, and governance voting rights. The presale has been highly successful, raising over $762,836. As the presale continues, token prices are expected to rise to $0.06 in the next round.
For more information, visit the DTX presale website, read the whitepaper, or join the community on Telegram.
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