Cardano and Fantom Whales Adopting DTX Exchange After Sonic Upgrade Fails to Pump Bags

Large investors are now diversifying their funds due to the last week’s bloodbath in the market. Major altcoins like Cardano (ADA) and Fantom (FTM) have experienced significant losses despite recent ecosystem developments. Fantom token conversion into Sonic made highlights in the recent week, but it has not affected the token price. 

Whales are investing in futuristic coins like DTX Exchange for longer-term gains. DTX Exchange is preparing to revolutionize the crypto sector with its hybrid trading platform. Its presale demand has skyrocketed, and it is poised to be listed on the leading crypto exchanges, such as Binance and Uniswap. 

Cardano (ADA) Price Fluctuates Between Key MAs

Since its November breakout, Cardano (ADA) has performed exceptionally, rising from $0.37 to a multi-year high of $1.32. However, according to the previous swing Fibonacci extension, it has declined to the 0.5 FIB level, wiping half the gains of the November rally. Cardano (ADA) is trading between the 20- and 50-period averages, indicating indecisiveness due to the high market volatility. 

Courtesy: TradingView

In the last seven days, the Cardano (ADA) price has declined 11.32%, and the monthly stats show a 13.52% drop. This short-term correction has opened new entry points for Cardano (ADA) investors as the price is expected to storm bullish in the new year rally. The $1 psychological is a major hurdle for the price in the near term, while if the price doesn’t sustain $0.70 is a significant support level. 

Sonic Emerges as Fantom (FTM)’s Next Chapter 

Fantom (FTM) is set to undergo a major change, rebranding to Sonic (S), with Binance backing a smooth 1:1 token swap. The migration will begin in January 2025, with Sonic trading starting on January 16. The rebrand started in August 2024, marking an upgrade to meet new performance and user experience goals.

While the Sonic upgrade is yet to affect the Fantom (FTM) price action, after reaching a yearly high of $1.478, Fantom (FTM) dropped by 32%, revealing possible weaknesses. Analysts have spotted a bearish pattern on the charts, which often signals further declines. If Fantom (FTM) can’t surpass $1.10, the risk of a larger drop could increase.

DTX Exchange (DTX): Outstanding Token To Outperform Top Altcoins

While top altcoins have been experiencing strong selling pressure, a few emerging coins, including DTX Exchange (DTX), are trading triple-digit profits. DTX Exchange provides a utility-oriented environment with revolutionary innovations such as its hybrid protocol and VulcanX blockchain technology. 

This platform enables real-world applications for investors looking for long-term profits, such as its diverse asset trading, including tokenized ETFs and real estate. Users can access over 120,000 assets to create a well-diversified portfolio. 

The DTX Exchange is driven by the VulcanX layer-1 blockchain, which is suitable for high-velocity trading and enhances the platform’s speed and scalability. With a mind-blowing 1,000x leverage, traders can increase their profit potential at the same time mitigating risks with advanced API and analytical tools. 

DTX Exchange’s future roadmap includes many new developments. It is meant to empower users in decentralized finance through innovation and strategic partnerships. With its blockbuster presale, DTX Exchange has made it clear that it is the strongest contender in the sector. The sixth stage of the presale is about to conclude, and users can grab tokens at the discounted price of $0.12.

To benefit the community, the DTX team has introduced a limited-time offer. By using the code ‘XMAS’, users will receive an additional 50% off any deposit.

Find out more information about DTX Exchange (DTX) by visiting the links below:

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Visit DTX Website

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