DTX Exchange (DTX) has topped the list of the best-emerging crypto projects for 2024, challenging blue-chip cryptocurrencies like Cardano (ADA). Traders who booked profit in the recent rally in ADA are now diversifying into DTX Exchange as it has been projected to jump upto $10 from the current level of $0.1.
Meanwhile, Litecoin (LTC) has been struggling to match the momentum of its peers. LTC has corrected nearly 13% from the recent swing high and is trying to stabilize the price above the immediate support level. The mini correction in Cardano (ADA) and Litecoin (LTC) has pushed investors towards the DTX Exchange because of its solid fundamentals and exponential growth opportunity.
Cardano (ADA) has performed extremely well in the bull cycle that started in November. ADA has increased nearly 200% from the base breakout, and in between, it has formed two lower lows, signifying the bull trend in the price. Cardano (ADA) topped on Saturday with a high of $1.15; in the three sessions, it has corrected below $1. As it is the third swing of the trend, most traders have booked profit while some are waiting for it to get to the support levels.
Meanwhile, with the negative price action, Cardano (ADA) has seen some recent positive news with an upgrade in its rating, strengthening its position among the top cryptocurrencies. Recently, Weiss Crypto, a well-known crypto rating firm, announced that Cardano’s strong performance earned it a new ranking. The upgrade raised Cardano (ADA)’s rating from “B+” to “A-,” putting it in the same league as Bitcoin and Ethereum.
While other prominent coins have risen by triple-digit gains, Litecoin (LTC) has lacked strength, increasing only 50% from the November low. On Saturday, it tried to break the current consolidation; however, the seller immediately took control, dragging Litecoin's (LTC) price below $100.
Litecoin (LTC) is currently trading above the 10-period EMA as a support level. LTC has been trading in the green in the last seven days. However, the 24-hour volume has dropped by 21%. Litecoin (LTC) market cap also took a hit in the correction, dropping to $7.04 billion at the time of writing.
DTX Exchange has gained popularity as institutional investors have entered the DTX token presale. It is the first hybrid exchange that brings a technology that will bridge the gap between CEX and DEX. DTX Exchange stands out from traditional exchanges because of its hybrid nature, which allows features like a multi-asset trading platform.
The DTX Exchange trading platform has become a favorite among traders because it offers different markets on a single platform. Users can trade conventional assets like stocks, forex, etc., and digital assets like cryptocurrency on DTX’s unified platform.
Benefits like a leaderboard are added advantages in the DTX ecosystem community, as they help beginner traders learn. DTX Exchange also lowers trading fees, increasing the profitability of traders.
DTX Exchange is currently in the presale phase and will soon launch in tier-1 exchanges. Each DTX token in the current stage costs $0.1, which provides an opportunity to buy tokens at an undervalued price.
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