.png){kind=logo}
$1.5 billion liquidations in the cryptocurrencies have affected Dogecoin (DOGE) and Cardano (ADA) to the extent that traders sell their holdings for other well-performing cryptos. As the market collapses with Dogecoin (DOGE) and Cardano (ADA) moving down, this Coinbase listing could be the next to pump 1000x in the ongoing bullish cycle.
Despite Charles Hoskinson’s announcement about the US crypto policy and the constitution's approval, Cardano (ADA) has breached the $1 support level in a bearish U-turn. After a 12.4% decline in a day, Cardano (ADA) signals a bearish outlook, with sellers dominating the ADA token’s trend despite hopes for a reversal by the community.
The ADA token’s trajectory signals more downside as sellers continue taking capital out from Cardano (ADA) amid profit bookings and loss mitigation. While Cardano (ADA) defends its 9th ranking in the sector, the bleeding charts pose a bearish trend for the crypto and likely a potential retest of the crucial $0.9 level in the next few days.
Dogecoin (DOGE) price has dropped to a $0.4 critical level as it continues to retrace amid the market downturn. Despite being supported by Elon Musk and positive community sentiment about the meme coin's trajectory, Dogecoin (DOGE) has kept declining, with an 8.99% drop in the last 24 hours.
While experts still back $1 predictions about Dogecoin (DOGE), the short-term prospects seem speculative as its price will likely settle below $0.4 for the next few days. The US inflation data report will likely affect Dogecoin (DOGE) more as the market volatility is poised to peak as traders rotate investments in FUD.
DTX Exchange (DTX) steals this cycle’s spotlight after being hailed as the most successful tradFi presale of 2024, all set to revolutionize the trading sector with its innovations and advanced trading features. The project aims to utilize the advancing blockchain and trading sector by providing traders with an end-to-end solution for their problems on a single trading platform.
The hybrid DTX platform has redefined trading schemas by hosting assets from all financial markets, including stocks, cryptos, and forex, that are available to trade on its first-ever hybrid layer-1 blockchain. While utilizing centralized measures for liquidity, DTX Exchange includes decentralized security with KYC-free onboarding and a non-custodial Phoenix Wallet, now on Apple and Android Stores.
DTX Exchange has grabbed an astonishing $10M in round 6 of its public presale and continues to count more as its global demand soars. By merging stocks and crypto pairs and introducing 1000x leverage and quant trading, DTX Exchange provides a complete ecosystem for traders to manage their portfolios and make maximum profits even in volatile markets.
As cryptocurrencies like Dogecoin (DOGE) and Cardano (ADA) face major drops amid a market bloodbath, DTX Exchange is all ready to announce its listing in the next few weeks. The bullish expectations from a utility token like DTX have led traders to accumulate it at $0.12 before its expected Coinbase listing and a sky-high pump to $2 with a 1000x millionaire-making rally in 2025.
Experts say that this is the prime time to enter DTX presale as it might be the last chance to enter something ground-breaking in 2024 for bullish gains in the upcoming years.
Learn more:
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
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 about the financial risks involved here.
