The crypto market has witnessed a little pullback after a price surge following Donald Trump’s inauguration. Due to the downtrend, Cardano (ADA) whales have turned their attention to DTX Exchange. The DeFi cryptocurrency has surged 700% to $0.16 and could hit $2 soon.
DTX Exchange (DTX) is currently one of the most promising ICOs in the DeFi market having onboarded more than 400k wallets. On the other hand, Chandler forecasts the value of Dogecoin (DOGE) could hit $1 before the end of this cycle.
Cardano (ADA) Whales Offload 180M ADA
In a recent post on X, top analyst Ali Martinez notes that Cardano (ADA) whales have been on a selling spree in the past week. According to the data from Santiment, they sold over 180 million ADA. This huge selling activity comes as the Cardano coin continues to consolidate within a narrow range.
The cryptocurrency’s price has been ranging between $0.85 and $1.10 in the past week. CoinMarketCap data shows the Cardano price has plunged by 11.4% in the weekly timeframe. Attempts by bulls to break past the resistance around $1.10 have not been successful. Nevertheless, analysts remain optimistic about a potential price rally.
Besides, the Cardano community just made a major achievement. They are now closer to implementing the Plomin upgrade after positive votes from the Interim Constitutional Committee (ICC). Looking ahead, MitchX forecasts the value of the Cardano token could surge to $3.09 soon. Ali says the altcoin price might hit $1.50 if it breaks the resistance at $1.10.
Dogecoin (DOGE) Predicted To Hit $1 Based On Historical Trend
According to Ali Martinez, the TD Sequential for Dogecoin (DOGE) has flashed a buy signal. The analyst is expecting a price rebound to occur in the coming days. Surf has already predicted the Dogecoin price might pump to $4.2 soon. Another analyst called Chandler notes the memecoin is about to hit a new yearly peak. Citing historical trends in the past year, they said that the value of the Dogecoin crypto has soared by 112% above its previous high.
The expert forecasts a target of $1 if this trend repeats itself this year. At the moment, the Dogecoin crypto price has dropped by 17.7% on the weekly timeframe, per CoinMarketCap. The value of the memecoin has been consolidating between $0.3146 – $0.3892. DOGE has a strong resistance around the $0.4 mark. Crossing this hurdle is very important as it could determine how soon Dogecoin (DOGE) reaches $1.
DTX Exchange (DTX): The Future of Multi-Asset Trading
DTX Exchange (DTX) is changing the way traders engage with the global financial markets through its single trading platform. It allows users to trade over 120,000 asset classes cryptocurrencies, equities, forex, precious metals, and other tokenized real-world assets (RWAs). DTX Exchange is aimed at both retail and institutional traders and guarantees the highest level of effectiveness, transparency, and safety.
A No-KYC model is one of the project’s main features. Such an approach allows users to trade anonymously without restrictions. The traders can open accounts and use the platform without going through lengthy procedures of identification from anywhere in the world. Also, DTX has a non-custodial approach, allowing users to control their funds.
DTX Exchange also stands out in the aspect of liquidity, it provides a deep liquidity pool that minimizes slippage and enables efficient execution of trades. Furthermore, the project has enhanced trading tools and analytical bots to meet the specific needs and preferences of traders DTX Exchange is currently in the presale stage and is trading at $0.16.
What is the Best Crypto Investment in the Market Now?
Cardano (ADA) whales’ interest in DTX Exchange shows it is a good cryptocurrency to buy. Investors who are looking for the next blue-chip coin that could rival top OGs should consider newcomers like DTX Exchange. The project seeks to create a platform where anyone can trade both traditional and DeFi assets at low cost and top speed.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Join The DTX Community
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