Bitcoin (BTC) retesting $90,000 after almost breaking out above $100,000 was met with a market downturn. However, the bulls are back. Polkadot (DOT) gained significant traction while Chainlink (LINK) approached $25—altcoins to watch out for.
Simultaneously, whales flock to DTX Exchange (DTX), a new player hailed as the future of trading. Its innovative blend of the best elements of CEX and DEX while standing at the crossroads between TradFi and DeFi paints a bullish picture. As it prepares to reshape the global trading scene as a hybrid trading protocol, this is a new DeFi project to watch.
DTX Exchange (DTX) made it to whales’ radars thanks to its solid fundamentals and upside potential. As a blend of innovation and growth, it is a no-brainer. This explains the rising interest in the ongoing presale and how funding has surpassed $8.8 million.
Outclassing most new ICOs, DTX is set to shake up the crypto world after its debut. It costs only $0.10 in the fifth ICO round—a budget-friendly altcoin. Given the projected 65x rally by Q1 2025 after listing on Tier-1 exchanges, it might be a more compelling pick than top cryptos like Polkadot (DOT) and Chainlink (LINK).
Moreover, on the cusp of reshaping the $10 billion global trading space, DTX is a promising wave not to miss. Its hybrid trading platform will be unlike any as it will combine the best elements of CEX and DEX, notably wallet-based trading and non-custodial storage of assets. Equally important, it will be a one-stop platform for trading diverse assets, from stocks to ETFs, bonds and cryptos.
Polkadot (DOT) is having an impressive month, outperforming many top altcoins. Swinging high, the Polkadot price soared over 50% in the past seven days. It increased by 95% on the monthly chart, retailing above $8.29 from a low of $3.67.
Gearing up for a breakout above $11.8—its yearly high—DOT is a top crypto to invest in. Its long-term price target is a breakout above the 2021 all-time high of $55, which analysts believe might play out this bull cycle. A mid-term price target by CryptoFaibik, a crypto analyst, is a jump above $40 after a falling wedge breakout on the weekly chart.
Meanwhile, dehaes_jelle, another analyst, expects the Polkadot (DOT) price to hit $100 by 2025. Moreover, key indicators like the DOT price hovering above the 10-SMA and 10-EMA are bullish signals.
It has also been an impressive month for Chainlink (LINK). “No-sell November,” as it is popularly called within the crypto community, LINK skyrocketed from a month-low of $10 to a high of $19. The Chainlink price soared 30% in the past 7 days and over 55% in the monthly timeframe, trading above $18.
Next on its list is a rally above $25, positioning it among the best cryptos to invest in. Meanwhile, technical indicators like the 13-SMA and 20-VWA are buy signals. These suggest further upswings, explaining the rising interest.
At the same time, analysts are optimistic about a huge leap in the Chainlink (LINK) price. MartiniGuyYT, a crypto analyst, expects LINK to hit $200 this bull cycle. Crypto_BitC suggests $125 as a “realistic” target and $410 in an “ultra-bull case” scenario.
The new TradFi-DeFi token DTX Exchange (DTX) is a novel player at the crossroads between traditional and decentralized finance. It will combine the best elements of CEX and DEX and allow the trading of diverse asset classes.
The above has caught whale interest, pushing it above $8.8 million in early funding. As it prepares to debut, it might be a good crypto to buy alongside Chainlink (LINK) and Polkadot (DOT).
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