DTX Exchange (DTX) effortlessly passes Cardano (ADA) and Shiba Inu (ShIB)

The Cryptocurrency market had a huge downward trend on 3 February, making large altcoins such as Cardano (ADA) and Shiba Inu (ShIB) in the negative area.

The Cryptocurrency market experienced a significant downturn on 3 February, causing large altcoins such as Cardano (ADA) and Shiba Inu (ShIB) to trade in the red zone. However, one crypto gem that continues to steal the show is DTX Exchange (DTX).

This rising star has defied all expectations by surging over 700% and onboarding over 550K wallets in record time. As a result, DTX Exchange is easily making this ICO the best to buy for massive gains.

Cardano (ADA) Drops to $0.57

Out of the top crypto losers, Cardano (ADA) is making the headlines for all the wrong reasons. During the weekend, the price of Cardano dropped to as low as $0.57. Luckily, the buyers quickly reacted to this downtrend and the value of Cardano rose to $0.70. At the moment, data from Coinmarketcap shows that the price of the Cardano token has decreased by 20.6% on a weekly basis. The losses also stand at 34.5% over the bi-weekly and monthly time frames.

Technical indicators, such as the Relthive Strength Index, point towards a bearish trend; its current value of 33 indicates that the bears are in control. According to the current technical signals, the Cardano crypto could remain under persistent selling pressure in the short term. If the ADA price falls below the support level of $0.84, this could trigger further declines. On the other hand, Lucky predicts that the price of the Defi coin could reach as high as $2.

Shiba Inu (SHIB) Might Have Bottomed Out

Shiba Inu (SHIB) has faced a downtrend over the past few weeks. Unfortunately, another setback occurred on 3 February when the value of the Shiba Inu coin dropped to $0.00001284. Although the price of this memecoin has risen again to $0.00001400, it is still affected by the falling market.

Data from Coinmarketcap shows that the Shiba Inu price has decreased by 20.4% on a weekly time frame and has fallen by 41.7% over a monthly period. Despite this, analysts remain bullish on the future direction. Thom Sieloff notes that the price of the cryptocurrency may have bottomed out. He pointed out that the price of SHIB last year rose to a high of $0.00005500.

P2E_Daily suggests that the value of the memecoin could reach $0.0000200 after hitting the bottom price. P2E_Daily also shared a chart showing that the price of Shiba Inu rose to $0.00005500. Despite this bullish prediction, technical indicators such as the Relty Strength Index remain within a bearish zone.

DTX Exchange (DTX) Steals the Limelight with a Next-Gen Trading Platform

DTX Exchange (DTX) is an innovative platform that combines both traditional and defi trading. To support DTX Exchange, a Layer-1 hybrid blockchain called Vulcanx has been developed, which overcomes the shortcomings of both public and private blockchains. During the testnet, Vulcanx incorporated over 200,000 transactions per second (TPS), allowing it to compete as a high-speed competitor within the blockchain market.

With this approach, traders can experience a smooth interface while using DTX Exchange. One of the biggest advantages of the DTX Exchange is that it enables users to trade multiple asset classes simultaneously.

The trading platform features over 120,000 products – ranging from cryptocurrencies, stocks, forex, metals, CFDs and ETFs. This vast selection caters to both beginner and experienced investors looking to diversify their portfolios.

Meanwhile, the Defi project is currently in its presale stage. So far, it has managed to collect over $13.4 million in funding, indicating that investors are optimistic about its potential. During the eighth phase, the DTX token has risen to $0.16. To summarize, the hybrid platform of DTX Exchange, the diverse assets and the success in the presale easily make it a trading platform for investors seeking a versatile and user-centric environment.

This Defi Coin Effortlessly Surges Past Cardano (ADA) and Shiba Inu (SHIB)

While the crypto market is volatile, the gains made by DTX Exchange have reached over 700%. The ongoing crypto ICO has attracted the attention of over 550K investors, who together managed to collect $13.4 million in funding. As investors in Cardano and Shiba Inu await a price recovery, DTX Exchange is easily the best crypto to buy now.

Find out more about DTX Exchange (DTX) through the links below:

Buy PresaleDTX