The highly volatile crypto space is full of surprises that keep investors on their toes. The recent market crash caused a massive uproar among investors as the market experienced a historic liquidation of assets. Major altcoins like Solana and Ethereum slumped following the Bitcoin price.
The bearish market sentiment has left a huge impact on Cardano (ADA) price movement, which has decreased by over 16% within a week. Defying the market trends, DTX Exchange and Celestia (TIA) have emerged as a ray of hope for investors.
Currently, DTX Exchange has become the center of attention due to its presale performance. It has raised over $1.2 million. Analysts anticipate that it will grow to $2 million before August 2024 ends.
Cardano (ADA) Declines Amid Market Crash
Charles Hoskinson, the founder of Cardano (ADA), thinks that only real assets with real utility and integrity can survive the current market turbulence. The value of the global cryptocurrency market fell by 16% to $1.8 trillion within a day, with the majority of cryptocurrencies experiencing negative trading volume.
With a 10.27% drop from 5th August, Cardano’s (ADA) price dropped to $0.3271, which is the biggest percentage loss for the altcoin in a single day since July 4. Due to this decrease, Cardano’s (ADA) market capitalization has dropped to $12.24 billion, or just 0.61% of the entire cryptocurrency market capitalization. Cardano’s (ADA) market capitalization peaked at $94.8 billion. The altcoin’s price ranged between $0.3269 and $0.3458 within a day.
Cardano (ADA) has seen a 17.55% decrease in value last week. $330.62 million worth of transactions occurred over a day, making up 0.41% of all cryptocurrency transactions. The last seven days have fluctuated between $0.3269 and $0.4077. Cardano (ADA) has now dropped 89.44% from its peak, which was $3.10 on September 2, 2021.
DTX Exchange (DTX): An Outstanding Presale Performance
DTX Exchange (DTX) has been gaining massive traction among traders. The $1.25M DTX Exchange presale, which aimed to upend online trading, has given early investors a 100% return on investment. YouTuber Crypto Chino predicts that DTX Exchange will become the best trading platform in the third quarter of 2024.
The trading platform employs a hybrid trading model, combining features from CEX and DEX into one. DTX gives holders the ability to trade over 120,000 asset classes, including cryptocurrencies, CFDs, and commodities while remaining anonymous. The investors view the platform’s no sign-up KYC checks as a treasure, hyping the project.
DTX utility tokens provide various perks such as lower transaction fees and voting rights in governance matters. Moreover, the platform has also announced a giveaway such that anyone who buys $100 worth of DTX during the presale will qualify for a $1 million giveaway and ten people will each receive $100K.
One DTX token currently costs $0.04, a 100% increase from its initial price of $0.02. The price increase is attributed to the token’s increasing popularity. The Stage 2 presale price is anticipated to be $0.06 once Stage 3 begins—a 50% ROI for those who buy it now. These factors have compelled market analysts to foresee a 100x surge for DTX after a Tier-1 CEX lists it in Q3 of 2024.
Celestia (TIA) Rally Recovers 9%: Bulls Eye Comeback
Celestia (TIA) exhibited an impressive rally as the bull market started recovering its losses. Bulls in the Celestia (TIA) capitalized on Bitcoin’s retesting at $55,000 to launch a rally encountering intense bear pressure. Though technical indicators on the charts suggest it might be difficult to bring Celestia (TIA) back to previous highs, TIA is still doing well fundamentally.
TIA’s price rose 9.3% within a day to settle at $5.01. Bullish pressure has kept the price of Celestia (TIA) in a critical area even though bulls are assembling to drive the price higher. The recent candlestick shows a green candle with increased volume, suggesting a potential reversal.
The price of Celestia (TIA) has now dropped to the lowest range following 42 days in a consolidation zone. The price of Celestia (TIA) is supported at $4.5, and the 50-day EMA is at $6.370 while the immediate resistance lies at $7.4.
Key Takeaways
- Cardano (ADA) crashes with the market downtrends.
- DTX Exchange defies the market sentiment, raising about $1.25 Million.
- Celestia (TIA) surges by 9%.
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