District0x (DNT) Performs Outstanding With High Surge Expectations? - Kakiforex.com - Financial Market Media No. 1 in the World District0x (DNT) Performs Outstanding With High Surge Expectations? District0x (DNT) Performs Outstanding With High Surge Expectations?
InstaForex

July 9, 2021

District0x (DNT) Performs Outstanding With High Surge Expectations?

 District0x serves as a decentralized community and marketplace network, allowing users to launch their own platforms governed by a decentralized autonomous organizational structure (DAO).


Founded in February 2017 by Joe Urgo and Matus Lestan.


Each of these platforms is termed a "district" and can be launched for free. This ecosystem is powered by the d0xINFRA framework.


Interestingly, the platform uses a combination of three key technologies namely Ethereum, Aragon and the InterPlanetary File Transfer Protocol (IPFS).


District0x provides a variety of smart contracts and front-end libraries that developers can use to easily launch their own districts, while providing a simple platform for community governance.


Looking at the current movement chart of the DNT/USDT price.


In last bull season, DNT came up with an excellent 2021 market record by producing a jump of over 1,000% to record the latest all -time high (ATH) at the $ 0.49 price level on April 19.



From a technical point of view, the price movement is seen hovering above the RBS zone (resistance become support) around $ 0.120 to try to regain the upward momentum.


Crypto analysts expect that if the DNT price movement manages to gain momentum, it will test the SBR (support become resistance) zone around $ 0.126 before making a higher rise.


However, if the DNT price fails to gain that momentum and sees a downward trend, the price movement will retest the RBS zone (resistance become support) around $ 0.120 before making a decline to the lowest level ever recorded before.


That level will be the next observation by analysts and crypto investors.


At the time of writing, DNT is trading at $ 0.121 down over 2% in the last 24 hours. Coins are currently ranked 329th in the crypto market.