DEXTools (DEXT) is a platform that provides live on-chain analysis for cryptocurrencies traded on decentralized exchanges (DEXs).
It is considered a must-have tool for those who trade on DEXs such as Uniswap or SushiSwap.
It provides analysis tools to help create unique trading strategies, search for big spreads, anticipate market trends, and track and copy whale wallets.
This article will explore DEXTool to understand what it is and how it works.
We will also take a look at the DEXT token to learn what purpose it serves on the platform, make price predictions for the asset, and list exchanges to buy DEXT from, before determining whether it is a credible cryptocurrency and blockchain investment.
So, let’s get started.
What is DEXTools?
DEXTools (DEXT) is a platform that allows traders to trace all information about assets that are being traded on all decentralized exchanges.
It combines all on-chain data to create a single comprehensive user interface that helps the users attain a clear understanding of their trading, investments, and the current state of the market.
The on-chain aggregator has a pool explorer that allows traders to follow liquidity trends and the formation of new liquidity pools on DEXs.
Traders can use the explorer to check out trading charts, transaction data of different tokens, and the token metrics and trust rating of particular cryptocurrencies.
DEXTools provides wallet information that gives users the ability to track and follow the wallets of their favorite traders.
The platform also has a multi-swap feature that unlocks multiple DEX portals to increase trading speeds.
How Does DEXTools Work?
DEXTools allows traders to perform atomic swaps directly on the platform. All they have to do is tap on the ‘Multiswap’ button and choose their preferred trading pair and the DEX they want to use to perform the transaction.
Once that is done, users are supposed to connect their wallets to the selected DEX.
After their wallet is connected, the user should authenticate the ownership of the wallet to start using DEXTools.
While most of the features offered on the platform are free, some premium tools need a subscription.
The Standard plan, which costs a monthly fee of 277 DEXT or can be accessed by holding 1000 DEXT in the wallet, offers additional transaction and wallet information, price alerts through Telegram and email, and access to the DexTools’ Discord channel.
Meanwhile, the Premium plan is offered to users holding over 100,000 DEXT in their wallets.
They get several additional features over the free and Standard versions, including airdrops from the DEXTShare protocol, 15 hot pairs with faster notifications, exclusive access to DEXTForce Ventures, and the first option to all the new and upcoming features.
What is the DEXT Token?
DEXT is the native token of DEXTools that is used for transactions performed on the platform.
Token holders get to unlock unique features on the platform, based on the tiers they opted through subscriptions.
They can also get access to premium trading groups and community initiatives undertaken by DEXT Force Ventures.
DEXT launched with a total supply of 200 million tokens, of which 100 million DEXT are set aside as team funds with 50% of the funds burned, leaving 150 million tokens in circulation.
To make the coin deflationary, 10% of the subscription fees paid in DEXT are burnt each month.
DEXT Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
At the time of writing, DEXT is trading at $0.8984 – down 1.5% in the last 24 hours.
Based on its current valuation, DEXT is assumed to trade within a minimum and maximum price range of $1.50 and $9.45, respectively in 2025. The average trading price for DEXTools for this year is estimated to be $7.57.
In 2025, DEXT is forecasted to hit a yearly low of $6.47 and a peak of $14.97. The average trading price for the token next year is estimated to be $9.45.
By 2026, DEXT could be trading within a price range of $10.87 at its lowest and $23.21 at its highest. The average trading price for DEXTools during that year is assumed to be $16.36.
In 2027, the average trading price for DEXT is estimated to be $13.02. The token is expected to trade within a price range of $9.67 and $18.83 during the year.
By 2028, DEXT is forecast to trade within a minimum and maximum price range of $8.45 and $15.61, respectively. The average trading price for the token during that year is estimated to be $11.57.
In 2029, DEXT could be trading within a price range of $14.23 and $30.14. The average trading price for the token during that year is assumed to be $20.66.
In 2030, DEXT is predicted to hit a minimum rate of $20.58 and a maximum of $44.63. The average trading price for the token during that year is estimated to be $30.33.
Where to Buy DEXT?
DEXTool (DEXT) can be purchased and traded on the following cryptocurrency exchanges:
Is DEXTools a Credible Cryptocurrency Investment?
DEXTools is an on-chain analytics platform that provides crypto traders with live information about all tokens traded on decentralized exchanges.
The platform offers data that can help traders create unique trading strategies, search for big spreads, anticipate market trends, and track whale wallets that hold some of the largest shares of particular cryptocurrencies.
The platform is powered by the DEXT token, which is used to conduct all transactions on the network. Users can perform atomic swaps on their preferred DEXs by simply connecting their wallets to DEXTools and authenticating the platform to do the transaction.
DEXTools offers subscription models, depending on which the traders get access to features listed by the DEX analytics platform.
All things considered, I can say DEXTools is a credible cryptocurrency investment that has vast growth potential in the market.
Traders are sure to make use of such a platform when conducting trades, and this is indicative of the price performance of the DEXT token.
However, as is the case with every other cryptocurrency, DEXT is also prone to price fluctuations. Therefore, it is crucial to do your due diligence before making any investment decision regarding DEXTools.
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