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With the current market situation, investors are now targeting top DeFi projects that have utility and connection to other markets outside cryptocurrency. DTX Exchange (DTX) is one of the disruptors of the DeFi market that has been attracting Solana and Cardano investors.
Currently, in the presale phase, the value of the DTX coin has risen by 800% so far. It is currently trading at $0.18 and could climb higher soon. DTX Exchange is ready to become the next generation of DeFi platforms due to its fast transactions, high liquidity, and simple navigation.
According to data from Solid Intel, Binance has been selling large amounts of Solana coins in the past day. This large selloff could be responsible for the Solana price drop recorded in the market. CoinMarketCap data says the Solana price has declined by 12.9% in the weekly timeframe.
The Solana price has also declined by 22.0% and 35.8% on the biweekly and monthly timeframes. While the Solana price is down, there are chances that a rebound could occur soon. The Williams Percent Range (14) and Stochastic Fast (14) flash buy signals, which show that buyers are gaining traction.
Looking ahead, Gabbie says the Solana price is heading for the 0.236 Fib level. They forecast the Solana price could surge to $200 in the coming days. Another analyst, Ali Martinez, forecasts the Solana crypto price could rally by 13% in the next few days. In the meantime, the Solana price has resistance around $179.19, $182.01, and $187.25.
Amid the ongoing correction in the market, the ADA price has dropped by 7.5% in the weekly timeframe. It has been trading along the $0.7333–$0.8246 region, per CoinMarketCap. Despite this decline, analysts say the ADA price has great potential for an upside. Noreel says the ADA price could surge to $2.8 in the short term and $11 in the long term.
The analyst notes the altcoins are about to go parabolic. Sssebi, another analyst, notes the monthly ADA price chart is bullish. They say the ADA price could skyrocket in March. In a previous tweet, the analyst said the ADA price might rally to $1.30.
Sssebi noted that the cryptocurrency's relative strength index had hit the oversold region and then bounced off, leaving enough room for an upside surge. Another analyst called Nala says the ADA price might pump to $3 in the next few months.
DTX Exchange (DTX) is revolutionizing the trading industry by providing a platform that combines centralized and decentralized finance. One feature that sets DTX Exchange apart in the current world, where privacy is of importance, is that it does not require its users to go through the KYC process.
Furthermore, DTX Exchange helps in this aspect by offering a wide range of over 120,000 instruments. Clients can easily switch between trading cryptocurrencies, stocks, futures, bonds, ETFs, and other instruments without leaving the platform. This large number of asset classes enables traders to create diversified portfolios that meet their investment objectives and risk appetite.
Currently in the presale stage, the price of the DeFi coin has risen by 800% to $0.18. It has raised over $15 million in funding and with the current growth rate, it could reach $20 million before the end of its cryptocurrency ICO phase. Those who buy the DTX token can see a 10x ROI by the time it launches at $0.36.
DTX Exchange is one of the top altcoins with a potential of 10x in the near future. Solana and Cardano coin investors are already taking note of this new giant, which could become a rising star in the DeFi space. So, investors who want to double their portfolios should look at DTX Exchange.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
