The bullish trend in the cryptocurrency market continues in December, a month commonly referred to as “Decembull”. In one of the many surprises of this quarter, Cardano (ADA) broke above $1.2 and approached a $2 breakout. However, DeFi giant Solana (SOL) has been underwhelming, but experts expect it to bounce back soon.
Amid rising sentiment, experts are bullish on DTX Exchange (DTX). This new exchange-based cryptocurrency sits at the intersection of traditional and decentralized finance and is being seen as a strong competitor to BNB.
DTX Exchange (DTX): A New BNB Competitor?
DTX Exchange (DTX) is the best ICO and arguably the best presale this quarter. The team raised more than $9.3 million, highlighting investor confidence. Regarding its unique proposition, it will be a hybrid trading platform that combines the best elements of centralized and decentralized exchanges.
Wallet-based trading and non-custodial storage solutions will be some of its differentiating features as it prepares to reshape the $3.2 billion global trading market. It will also be a one-stop platform for trading assets across stocks, ETFs, commodities, forex and cryptocurrencies.
Considering the interesting mix of TradFi and DeFi through blockchain technology and asset tokenization model, this is one of the new DeFi projects to keep an eye on. Meanwhile, the token is competitively priced at $0.12 in the 6th ICO round. It is expected to rise 45x in value over the next three months, potentially surpassing Cardano (ADA) and Solana (SOL).
Cardano (ADA) is aiming to break above $2.
Top altcoin Cardano (ADA) is attracting attention with impressive performance. Cardano’s price soared, rising more than 30% on the weekly chart and more than 250% on the weekly chart, trading above $1.2.
The growing demand for Cardano tokens may be related to increased institutional appetite and increased retailer revenue. Further upside is expected, as highlighted by technical indicators such as 20-VWMA and 9-HMA.
At the current rate, it is only a matter of time before Cardano (ADA) flips $2, and is currently inching towards a rebound and price discovery above $3.1 ATH. Crypto analyst ADA_ONEVETCOTI expects it to rise to $3, $5 and $10 soon. Another cryptocurrency analyst, RealAllinCrypto, offers $6 as the ADA price prediction for this bullish cycle.
Solana (SOL) ready for rebound
Solana (SOL), one of the top altcoins, faltered after hitting a new high of $263 in late November. Solana price is down 5% over the past 7 days, but up 35% on the monthly chart. Retail price is over $220, which could be a huge discount going forward.
Current price action may be overwhelming, but it remains strong despite recent turbulence. Technical indicators such as the 100-SMA and 100-EMA are bullish signals that suggest future price rises, which explains why smart investors have doubled down.
With a lot of room to grow at its current price, Solana (SOL) is one of the best altcoins to invest in. Kanyewestisgoo also reflected this and predicted that it would rise to $400 by 2025. Another cryptocurrency analyst, Thecryptomist, expects the altcoin to reach $300. In the next few days.
DTX Exchange (DTX): Why Smart Investors Are Betting on Cardano (ADA) and Solana (SOL)
As an emerging cryptocurrency, the upside potential of DTX Exchange is unmatched. It has more room to grow than top cryptocurrencies such as Cardano (ADA) and Solana (SOL), fueling demand. As it prepares to transform the global trading scene, the token price of $0.12 could be the biggest bargain of the year.
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