This Crypto Signals Trading Platform Could Help Avoid The Next FTX – Time to Buy?
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The Dash 2 Trade presale has now raised over $6 million, representing a big achievement for the Ethereum-based trading intelligence platform. It's now on course to raise $8,757,000 in the coming days, a figure that would see it move from stage three of its sale to stage four, at which point its selling price would rise from 0.0513 USDT to 0.0533 USDT.
It's likely that investors are turning to Dash 2 Trade in part because of desires to avoid the kind of market shocks that have brought down FTX and its FTT token and that also brought down Terra and its UST and LUNA tokens earlier this year. Of course, with its dashboard offering a wide range of real-time analytics and social trading data, it's highly arguable that Dash 2 Trade would have proven popular regardless.
Dash 2 Trade Breaks $6 million As FTX Files for Bankruptcy
The Dash 2 Trade presale has gained steam in recent days, breaking the $6 million barrier over the weekend. This total represents a 71.4% increase over two weeks ago when the figure stood at $3.5 million.
Increases in Dash 2 Trade's total raise have been helped by various factors. On the one hand, the platform confirmed the first exchange listing for its D2T token over a week ago, with the Hong Kong-based CEX LBANK Exchange set to open trading for it in the first quarter of next year. It has also confirmed a listing with BitMart, which should be due around the same time.
It's also probable that somewhat ironically, the FTX collapse has helped its cause. While the downfall of the second-biggest cryptocurrency exchange has obviously hurt the market as a whole, it has likely underlined the need among many traders for reliable market info and data.
This would help account for the recent increase in Dash 2 Trade's total raise. That said, it had strong fundamentals before the recent FTX drama, based largely on the fact that it will provide investors with a wide range of trading tools, data analytics and market intelligence.
As the Dash 2 Trade whitepaper outlines, its platform will offer the following features:
Trading signals to indicate buy and sell opportunities
Social sentiment metrics and on-chain analysis that help identify trending coins
Strategy building and social trading tools, helping investors adapt new trading strategies
Access to cryptocurrency presales
Alerts of new cryptocurrency listings on exchanges
Dash 2 Trade will make such features accessible via its subscription system. While there's a free-to-use version that provides a limited set of tools, access to the wider range will come only with a subscription to one of the platform's two tiers.
At a price of 400 D2T per month, the Starter Tier will provide users with access to various social channels, as well as the ability to harness automated trading tools and strategy-building tools. At 1000 D2T per month, the Premium Tier opens up the full range of tools, including on-chain data, whale wallet alerts, and professional-grade market indicators.
From a tokenomics perspective, the use of D2T for the payment of subscription fees means that the token will have a strong use case within the Dash 2 Trade ecosystem. As such, it will experience growing demand and a growing price the more popular the platform becomes.
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