The latest correction in the crypto market had pushed Cardano (ADA) and Ethereum (ETH) to former lows. While the altcoins have recorded some gains, they are currently trading sideways on the price chart. As a result, investors have moved to more promising projects like DTX Exchange (DTX).
This DeFi project has raised over $13.5 million and onboarded over 550,000 users, a sign that investors are very bullish about its potential. Given its multi-asset support and no-KYC policy, DTX Exchange could become the best trading platform for users. The price of its native token is expected to pump by 10x in the coming months.
Cardano (ADA) Forms Bullish Flag
Cardano (ADA) has been trading sideways in the last few days after recovering from a massive dump on Monday. CoinMarketCap data shows the DeFi coin price is consolidating around the $0.7 region with a loss of 22.7% on the weekly timeframe. Unshaken by the downtrend, analysts expect a Cardano price rally to kickstart soon.
Crypto analyst GlobeOfCrypto1 has recently shared that the cryptocurrency’s price has been trading in a bullish flag formation since November of last year. The analyst suggests that the Cardano ADA is about to test the daily resistance level and if a breakout happens, Cardano (ADA) could reach $1.50 in the medium term.
As the bulls are gaining strength, the focus is on which direction the Cardano token might take. Based on technical analysis, the sentiment surrounding ADA is neutral. The Fear and Greed Index displays Greed which means that bulls and bears have equal momentum.
Analyst Forecasts Minimum of $6K For Ethereum (ETH)
Analyst Crypto General says that Ethereum (ETH) has just touched a crucial support level and bounced back quickly. The analyst has predicted the Ethereum token is ready to start an upward movement. However, he says the next few days may show some range-bound action before the breakout.
Crypto General expects a minimum target of $6,000 after the breakout. In the case of a downtrend, the Ethereum coin has a strong support level between $2,238 and $2,614. According to Ali Martinez, this is the most important support for the altcoin. Losing this level could pull the value of ETH below the $2k level.
In the meantime, the sentiment surrounding the Ethereum crypto is bearish. CoinMarketCap data shows that its value has dropped by 12.1% on the weekly timeframe and 25.0% on the monthly level. TradingView data shows that most of its technical indicators are bearish. The relative strength index is below the midline, a sign that bears are in control.
DTX Exchange (DTX) Presale Surges Past $13.5 Million as Adoption Skyrockets
DTX Exchange (DTX) is in the limelight as one of the best ICOs in the market. It has raised over $13.5 million in funding. The native DTX token of the platform has risen from $0.02 to $0.16 in the eighth presale stage. This growth can be attributed to the growing confidence of investors in the hybrid trading platform that DTX has to offer.
DTX Exchange stands out from other exchanges since it provides an opportunity to trade cryptocurrencies, stocks, forex, commodities, and ETFs in one platform. Currently, there are more than 120,000 financial instruments, which means that traders do not have to switch between different platforms in order to diversify their portfolios.
One of the most notable features of DTX is the no-KYC policy, which means that users do not have to pass any identification check. This provides more privacy, allows for immediate entry, and has no restrictions on geographical location, which makes it ideal for traders who prefer anonymity and security.
DTX Exchange Emerges As The Best Crypto To Buy Now
While Ethereum (ETH) and Cardano (ADA) are still trying to gain some traction, DTX Exchange is gaining more and more users. As a revolutionary trading platform with unique features and increasing popularity, DTX could be the best crypto to invest in for investors who want to 10x their investment.
Find out more information about DTX Exchange (DTX) by visiting the links below:
