On-chain data reveals that Cardano (ADA) and DTX Exchange are grabbing the interest of institutional investors in the current session. Both these altcoins have emerged as the best investment options in this bull run. The fact that institutional investors are flocking to these altcoins speaks volumes about their growth potential.
Though the recent Cardano price actions show a struggle in the short term for the ADA tokens, investors are betting big on the token’s long-term prospects. Along with the possible Cardano price ascents, DTX Exchange’s presale has also been a major point of attraction for investors. Experts claim these altcoins can moonshot in no time with the support of institutional investors.
DTX Exchange (DTX) Dominates Trading Exchange Space
DTX Exchange’s innovative decentralized trading platform has been made by including more than 120,000 financial assets in a unified platform. The hybrid approach helps traders diversify over different asset classes, which balance risk according to macroeconomic cycles.
To increase engagement and community growth, DTX has launched various loyalty programs. One highlight is the VIP Rebate Program, which helps traders earn up to a 3% profit share of trading revenue. Additionally, passive investors can stake their DTX tokens for up to 33.5% APY.
Before the platform’s launch, DTX Exchange already demonstrated its progress with the Phoenix Wallet. This is a non-custodial multi-asset storage solution that gives owners safe and full authority. Additionally, AI trading bots and automated investment managers will help traders and investors manage risk and develop tailored strategies according to different market conditions.
With the increase in the listing price to $0.36, DTX Exchange has become a top choice for investors with its undervalued price of $0.18. This upgrade provides presale investors with 4x returns through the “LIST2X” promo code, which gives a 100% bonus on the discount. Early investors anticipate that its unique approach and high growth potential will draw in crypto natives together with mainstream traders.
Cardano Price Analysis: ADA Technical And Upcoming Level
According to expert technical analysis, ADA is currently at the lower boundary of its consolidation zone and is poised for upside momentum, provided it holds above the $0.69 level in the coming days.
Based on the recent Cardano price action and historical patterns, if ADA remains above this lower boundary, there is a strong possibility it could soar by 9% to reach the $0.75 level.
Experts claim that the Cardano price falling below the $0.68 level could ignite a downtrend for the ADA token as it can tumble down below the $0.65 mark following these price actions. The 200 Exponential Moving Average (EMA) shows that the ADA token is declining on a lower time frame i.e. the four-hour chart.
The current session witnesses the ADA token trading near the $0.70 mark with a 3.28% price drop in the previous 24 hours. The trading volume is also decreasing with the Cardano price indicating fears among traders and investors in the short term, representing decreased participation. However, this fear is short-lived. The Cardano price charts show signs of a bullish reversal in the long term.
Looking at the current market sentiment, it appears that bears are dominating the Cardano price actions, as reported by the on-chain analytics firm Coinglass. However, analysts are optimistic about the future of the ADA token. They claim that the recent slump is just a short-lived dip, the coming time will see the ADA token soaring soon. This can be seen with the movement of whales to the ADA platform.
Key Takeaways
Whales are rushing to get their hands on Cardano (ADA) and DTX Exchange on this bull run. These two altcoins are considered to be the most bullish tokens by institutional investors. DTX’s launch is adding to its investors’ appeal while whales are jumping to ADA despite a slowed Cardano price action, eyeing its long-term appeal.
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