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As Cardano price faces extreme volatility, major investors are shifting their focus toward more stable and profitable alternatives. The total value locked (TVL) in Cardano's DeFi ecosystem has plummeted, reflecting growing uncertainty in the market.
While ADA struggles to maintain key support levels, a new powerhouse, DTX Exchange, is gaining traction with its hybrid trading platform. With $13.5 million in presale, DTX Exchange is proving to be a strong contender, offering each token at $0.16 in the current stage. Let’s find out more about DTX Exchange and Cardano price.
Can Cardano Price Regain Its Momentum or Is This a Long-Term Bearish Trend?
The total value locked in Cardano's (ADA) DeFi ecosystem has just dropped from $593 million to $330 million, representing a loss of $263 million in locked assets. The Cardano price drop is mostly responsible for this decrease.
Cardano's stablecoin reserves have decreased from 25 million ADA tokens to 23 million ADA tokens, which exacerbates the situation. As the cryptocurrency market is under pressure from external factors like trade tariffs and inflation concerns, other significant blockchains, like Ethereum and Tron, are also seeing significant decreases in their TVL, reflecting wider market difficulties.
Source: CoinMarketCap
Additionally, the ADA liquidations have increased, hitting about $32 million in a single day, the largest jump in liquidations since December 2023. The Cardano price (ADA) has already broken important support levels, falling below $0.8285 and getting close to a crucial low of $0.5570, putting the market in a risky position and perhaps causing the Cardano price to decline.
White Cardano price (ADA) faces severe volatility, ADA whales are turning towards more stable and innovative projects like DTX Exchange (DTX), which offers more stable returns and is backed with revolutionary technology.
CEX + DEX Hybrid: How DTX Exchange is Revolutionizing Trading
DTX Exchange is an upcoming hybrid trading platform that combines the best of CEX and DEX and will give its users a smooth trading experience.
The platform gives access to more than 120,000 financial products including stocks, bonds, cryptocurrencies, FX, and ETFs. This aims to make traders' lives easy by giving them the option to manage all asset classes through its single unified interface.
This innovative offering is backed by the platforms’ layer-1 blockchain, VulcanX. Its testnet recently went live on the platform executing over 200,000 transactions per second (TPS), setting itself apart as one of the quickest players in the industry.
It further makes sure about maximum profitability for its users by providing options like 1000x leverage and a distributed liquidity pool.
Through its high leverage, even a little $100 investment can be used to access $100,000 in liquidity. Whereas, its distributed liquidity pool makes sure there is minimum slippage and each trade is executed at the best pricing possible by aggregating liquidity from multiple sources.
The platform is listed on CoinMarketCap, one of the biggest platforms of the crypto town, boosting DTX’s status as a trustworthy and top-notch platform that is not just claiming big but is working actively to deliver all the claims. These features have captured the attention of whales making them switch to DTX Exchange, as they seek better stability amidst ongoing Cardano volatility.
$13.5 Million Raised: Why ADA Whales Are Switching to DTX Exchange
DTX Exchange (DTX) despite being in its pre-launch phase is already generating big ROIs for investors. With a mind-blowing return for its early investors, DTX is acting as an investors’ magnet. It is generating a lot of interest with the platform’s lightning-fast transaction rates and unified trading interface, acting as a major appeal for both seasoned and novice investors.
The presale has already sold 7 rounds, collecting over $13.5 million in its presale. More than 50% of the Stage 8 presale tokens have been sold, highlighting the amazing demand and interest in this promising project. Each DTX token is available for $0.16 only, giving investors a chance to grab this token at the lowest possible price.
Final Thoughts
With Cardano price volatility increasing and whales seeking safer investment opportunities, DTX Exchange (DTX) is emerging as a strong alternative. Offering a hybrid trading model, ultra-fast blockchain, and significant presale success, DTX Exchange is positioning itself as a high-growth investment. If ADA continues its downward trend, traders may continue shifting towards more profitable and stable options like DTX Exchange.
Check out these links for more information about DTX Exchange:
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.
