Are Cardano (ADA) and Ripple (XRP) Undervalued at Current Prices? This New ICO is Tipped for 100X Gain
Despite trading below $1, Cardano (ADA) and Ripple (XRP) aren’t undervalued given their large supply. Meanwhile, DTX Exchange (DTX), a new altcoin with low supply, is tipped for a 100x upswing post-launch.
Excitement shot up as Bitcoin (BTC) crossed $65,000 this week, sparking a key question: are Cardano (ADA) and Ripple (XRP) undervalued at current prices? Being valued below $1 doesn’t necessarily make them underpriced; circulating supply is equally important. Considering their large market sizes—top 10 cryptocurrencies—there is just so much growth they can witness.
Meanwhile, DTX Exchange (DTX), hailed by experts as the best presale, has plenty of room to run as a new altcoin. Yet to launch, there has been huge early interest, soaring past $3 million in early funding. Its novelty as a hybrid exchange platform that combines elements of centralized and decentralized exchanges, not to mention its huge growth prospects, drives demand.
DTX Exchange (DTX): Projected 100X Gain
DTX Exchange (DTX), a top ICO buzzing with potential, is the latest on investors’ radars. At the heart of its appeal are its novelty and staggering upside potential. Aiming to shake up the crypto world after its debut, it is one of the new DeFi projects to bet on.
Over 50% of the tokens in the third round of the presale have sold out, hinting at huge investor interest and confidence. Meanwhile, a token costs just $0.06 and with a projected 100x rally after listing, it is more appealing than large-caps like Cardano (ADA) and Ripple (XRP).
Further, its low total supply of 475 million DTX tokens screams explosive growth. As it prepares to reshape the $10 billion global trading space by combining the best elements of CEX and DEX, DTX is a promising wave not to miss out on. Its one-stop platform for thousands of diverse assets across TradFi and DeFi sets it up for massive adoption.
Cardano (ADA): Limited Room for Growth
Cardano (ADA), a provider of DeFi solutions and services, is a top 10 cryptocurrency. The Layer-1 token soared alongside the overall crypto market, crossing the $0.4 mark. As it approaches the next key resistance, it is one of the altcoins to watch out for.
The Cardano price experienced a 14% uptick in the past 7 days amid a wider market bounce. This extends to the monthly charts: a 15% jump. According to experts, the next key levels to watch are $0.6 and $0.75.
However, considering its 45 billion ADA token supply, many believe it isn’t undervalued. It is among crypto’s top 10 cryptocurrencies, signifying limited upside potential. A popular Cardano price prediction hints at a 3x upswing at most during this bull run, which pales to the potential of new cryptocurrencies.
Ripple (XRP): A Token to Watch for Modest Gains
Ripple (XRP) is another top ten cryptocurrency, ranking high on the altcoin list. The payment-based cryptocurrency reflects bullish trends as Bitcoin crossed $65,000, resuming its upward climb.
Hovering around the $0.6 support, it is budget-friendly as it trades below $1. However, with a supply of 100 billion tokens, savvy investors have been looking beyond the altcoin, despite the relatively low XRP price.
According to an XRP price prediction, the best-case scenario for this cycle is the altcoin retesting its all-time high of $3.84. With new cryptocurrencies promising more, it is no surprise that sentiment is shifting. Nevertheless, for modest gains, Ripple (XRP) is among the best coins to invest in.
Conclusion
Despite trading below $1, Cardano (ADA) and Ripple (XRP) aren’t undervalued given their total supply—billions of tokens. Meanwhile, DTX Exchange (DTX), priced at $0.06 and with a total supply of 475 million coins, is tipped for a 100x rally after its launch. To make the most of the anticipated bull run, this is the best crypto to invest in.
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Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets. Past returns do not always guarantee future profits.
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