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Cryptocurrency News Articles
DTX Exchange (DTX) Skyrocketed in Presale Amid Whale Accumulation, Targets to Compete Against Cardano (ADA) and Toncoin (TON)
Nov 17, 2024 at 05:52 pm
Bitcoin (BTC) registering successive all-time highs signaled the start of this bull cycle. With many things to be optimistic about, from the BTC halving to a Trump presidency, a parabolic run is just around the corner.
Bitcoin’s (BTC) successive all-time highs signaled the start of this bull cycle. But with many things to be optimistic about, from the BTC halving to a Trump presidency, a parabolic run is just around the corner. Following a notable upswing, Cardano (ADA) approaches a breakout while Toncoin (TON) targets $6.5.
Meanwhile, DTX Exchange (DTX) skyrocketed in presale amid whale accumulation. The fourth ICO round just ended, with the price jumping 25% in the next round. Considering the almost $8 million raised in funding, its debut is set to be explosive—a new DeFi project to watch.
Whales Bet Big on DTX Exchange (DTX)
DTX Exchange (DTX) is in the spotlight for good reasons. Standing out as a unique cryptocurrency at the intersection of traditional and decentralized finance, it aims to address key challenges in the global trading landscape, driving huge demand and interest.
In round 5 of the ICO, over $7.8 million has been raised, spurred by rising whale interest. A token is currently underpriced at $0.10, providing a good entry to what could be the next big thing. According to industry experts, the coin is set to surge 7,500% after listing on exchanges, making it one of the best coins to invest in.
While its massive growth potential is largely behind the presale selling out fast, its solid fundamentals cannot be overlooked. Its hybrid model—a blend of the best elements of CEX and DEX—will make it a strong contender in the $10 billion global trading market. Other key aspects of the exchange protocol include smart contracts, an on-chain order book for transparency and distributed liquidity pools.
Cardano (ADA) Eyes on a Breakout
Cardano (ADA) trades upward after months of underwhelming performance. Shrugging off bearish pressure, the Cardano price soared over 40% in the past seven days. The price also increased over 60% on the monthly chart, highlighting a shift in market structure.
Aiming for a rally above its yearly high of $0.78, investors have been betting on a breakout. Meanwhile, the Cardano price hovering above the 10-SMA ($0.523) and 10-EMA ($0.428) are buy signals hinting at a rally. With key indicators pointing to an upswing, ADA is one of the altcoins to watch.
Crypto analyst Av_Sebastian identified a falling wedge or bull flag, both bullish patterns. This suggests a retest of the bottom trendline before a breakout above $0.80. However, a Cardano maxi, ADA_ONEVETCOTI, targets a rally to $1, followed by $3. Their price prediction for this bull cycle is $8 to $10, which they believe might be conservative.
Toncoin (TON) Breakout Above $6.5 Soon?
It has been a disappointing couple of weeks for Toncoin (TON), underperforming against most top altcoins. The Toncoin price is up 5% on the weekly chart and has consolidated in the past month. It retails above $5.1, down from the week-high of $5.4.
Despite the recent underwhelming performance, indicators point toward a strong uptick. The MCAD (12, 26), 10-EMA and 10-SMA are bullish signals suggesting a rally, with $6.5 probably the next stop.
Captain Faibik, a top analyst, suggests Toncoin (TON) is on the verge of a Falling Wedge breakout; their mid-term target is $11.80. Zenith Zoro, another crypto analyst, sees a rally toward $6 or higher if current support holds, stating a breakout could ignite a strong upward surge.
DTX Exchange (DTX) to Compete Against Cardano (ADA) and Toncoin (TON)
Despite Cardano (ADA) and Toncoin (TON) trading upward, whales have been showing a keen interest in DTX Exchange (DTX). Its unique offering as a blend of TradFi and DeFi and a one-stop trading platform that combines elements of CEX and DEX make it a promising wave not to miss.
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