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The Solana price has found key support around the $139-$140 region after notable volatility in the past few days. Analysts believe the price of the cryptocurrency could rise higher if it remains above this level. Meanwhile, the prices of Cardano and a relatively new DeFi coin, DTX Exchange (DTX), has skyrocketed.
While Cardano is showing double-digit gains on the price charts, DTX Exchange has a triple-digit gain of 800%, outperforming the top altcoins. With its current momentum and the rising interest in decentralized trading, DTX Exchange could become the best DeFi giant in the market.
The Cardano price is on another rally after a recent pullback. CoinMarketCap price info shows the Cardano price is printing double-digit gains on the charts. The Cardano price has risen by 36.1% in the weekly chart and 42.5% on the monthly level. Thanks to the upsurge, the Cardano price has risen to the $0.9 region.
If the altcoin continues, it might reclaim the $1 level. Looking ahead, Cryptoknight890 expects the Cardano price to rise to $1.15 in the next few days. Another expert called CryptooELITES forecasts the Cardano price is set for unstoppable growth. The analyst predicts the Cardano price could pump to $2.50 and $3.
In a very bullish scenario, CryptooELITES says the Cardano price might pump to $6 and $12. In other news, the co-founder of Gemini Exchange, Tyler Winklevoss, has hinted at listing the ADA coin on the platform.
Although the Solana price has suffered some setbacks in the past few days, analysts like Cryptoknight890 remain optimistic about the Ethereum killer. They forecast the Solana price might pump to $255.84. However, Cryptoknight890's chart indicates the Solana price must remain above the $139-$140 support.
Meanwhile, MrMoBetta says the Solana price could either move upward or downward depending on price action. If buying pressure increases, the Solana price could pump to $158. On the other hand, the Solana price might drop to $127 if selling pressure increases. At the moment, data from CoinMarketCap reveals the Solana price has risen by 0.7% on the weekly chart.
However, the altcoin price has declined by 26.9% on the monthly chart. In other news, VanEck's head of digital assets research, Matthew Sigel, noted that the upcoming updates called SIMDs could strengthen Solana's position in the market. However, he argued that the upgrades might lead to a decrease in validator rewards and an increase in centralization.
DTX Exchange (DTX) is revolutionizing trading by merging centralized and decentralized features into a single platform. This unique feature enables users to trade over 120,000 assets including cryptocurrencies, stocks, forex, commodities, and ETFs at top speed, low fees, and high liquidity. DTX is built on the VulcanX blockchain.
VulcanX helps to facilitate fast order matching and processing to meet the needs of institutional and retail traders who prefer fast trades. The Phoenix Wallet, an asset custody solution, is a part of the ecosystem which is secured at the institutional level and is also natively built into the platform. This means that users can always have full control over whatever they own.
DTX Exchange is currently in the ninth stage of its presale and has achieved several milestones. Firstly, it has onboarded 700k users and raised over $15.6 million in funding. Also, it has sold millions of coins while giving investors 800% returns. Currently priced at $0.18, the price of the DeFi coin will be launched at $0.36, a sure 100% return for those who join the presale now. This is why DTX is one of the best crypto investment opportunities right now.
While the Solana price remains below $200, DTX has increased its gains to 800% while onboarding 700k users. Investors who want to double their investments can join the DTX Exchange crypto ICO and get 2x returns upon its launch. Its low market cap and utility make it stand out from the crowd of new coins in the market.
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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 about the financial risks involved here.
