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Currently, Cardano price is sitting at $0.88 which is near the $0.80 support level. It is unclear if ADA will break this level or not. It is true that Cardano’s DeFi updates and Grayscale’s interest do give a bit of hope but at this point, no one knows if it will remain stable or fall back to its November 2024 lows.
A new ERC-20 token called DTX Exchange has entered the market and is drawing attention due to the claims that it will increase by 10,000%. DTX is selling for $0.18 in its last bonus pre-sale but has already managed to raise $15.6 million, with over 66% of the bonus round sold out.
The token doubles to $0.36 once launched enabling early buyers to profit off of it instantly. For those who do not wish to invest in ADA, DTX is a great option that has potential to give quicker and higher profits.
DTX Exchange: A $0.18 Coin Aiming for 10,000% Upside
As ADA struggles to maintain vital support, DTX Exchange seems to be following a divergent route. Currently, DTX is priced at $0.18 but has already raised $15.6 million in presale funding, having sold 66% of its bonus round.
While Cardano tries to optimize DeFi solutions on its own, DTX merges multiple markets including crypto, stocks, forex, and ETFs on the VulcanX blockchain, boasting of 200,000 transactions per second.
The combination of this cross-asset approach and zero commissions is what sets DTX Exchange apart from many single-chain tokens. Furthermore, DTX Real World Asset (RWA) tokenization put DTX at the forefront to capture institutional investors wanting fractional ownership of traditionally off-limit assets.
Cardano Price Struggles to Stay Above $0.60
Cardano Price currently shows some signs of weakness after a +13.1% move to $0.88 in the last 24 hours, but as the price of ADA goes down, the trading volume has increased 29.72% to $7.5 billion. This higher volume raises questions on whether ADA will able to maintain this bullish trajectory.
Source: CryptoMarketCap
Even considering the advances visible, Cardano Price still remains at risk if the wider market turns negative. If ADA falls beneath the important $0.80 level of support, then its subsequent increase could be postponed for some time.
Comparing the Potential Gains
Cardano’s Direction
Proposals from Grayscale could result in a potential ADA ETF, which could automatically result in price appreciation.
Governance improvements, including the Plomin upgrade and bridging solutions, could lead to adoption.
Nonetheless, plunging below the $0.80 mark would be disappointing for many and would require holders of ADA to be more patient before witnessing robust profits.
Chances with DTX Exchange Launch
At launch, DTX is automatically set to increase from $0.18 to $0.36, thus making it 2x.
By using “LIST2X,” anyone can double their token balance, allowing the users to increase their 2x to 4x.
A longer-term estimation implies that it will be possible for DTX to gain 10,000%, which is a whopping 100x from $0.18, should it manage to capture even a fraction of the major crypto market caps such as Cardano.
Concerns regarding new projects have been solidified with the security audits by SolidProof. Without a doubt, DTX's credibility has been reinforced.
Now you can trade with more than a thousand ETFs and 1000x Leverage while investing a mere one hundred dollars.
Cardano Price vs. DTX Exchange
If Cardano Price can defend the $0.80 support level, then it is likely to recover especially if ADA ETF rumors actually come to fruition.
However, for those looking for quick profits, DTX Exchange still remains at $0.18 and offers a guaranteed 2x return upon listing at $0.36.
Beyond that first boost, DTX has many profitable features like 475 million token supply, copy trading, automated investing for beginners, and easy to use platforms for advanced traders.
The Phoenix Wallet that has over 275,000 downloads makes it easy to use crypto, stocks, and forex together all in one app.
While ADA tries to survive the volatility, DTX has the potential to hit life changing profits if it reaches the target that many believe is possible, some even say 10,000%.
With the presale’s last stage almost sold out, this is probably the last opportunity for people to secure their backing for DTX before it takes off.
Conclusion
Due to Grayscale’s Smart Contract Fund giving ADA an 18.23% allocation, in addition to other upgrades, there has been a growing institutional interest that is bolstering the resilience of Cardano Price.
However, there is still uncertainty if Cardano Price drops under $0.60, which would reset the timer on when ADA can achieve its next major rally.
In contrast, DTX Exchange has the potential to turn a $0.18 ERC-20 token into something worth 10,000% in the years to come after launching and achieving the goal of multiplying four times over.
To get more information about DTX Exchange, visit the links below
Source:
https://coinmarketcap.com/currencies/cardano/#News
https://coinmarketcap.com/currencies/cardano/#Chart
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
