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Blockchain Reporter

04/10/2024

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Top Cardano Investors Shift to DTX Presale as ADA Price Prediction Remains Bearish

Although the overall crypto market is in the middle of a bull run, there is only a finite amount of funds in circulation. Hence, projects are continuously vying for investors’ attention and funds, with...

Top Cardano Investors Shift to DTX Presale as ADA Price Prediction Remains Bearish

Although the overall crypto market is in the middle of a bull run, there is only a finite amount of funds in circulation. Hence, projects are continuously vying for investors’ attention and funds, with varying degrees of success. 

Recently, Cardano (ADA) has struggled to maintain attention on its project, and it continues to face bearish predictions. The gloomy forecast has caused top investors to look elsewhere for more favorable returns. Their search led them to a new project, DTX Exchange. Let’s discuss the implications for both Cardano and the newcomer, DTX.

Bearing with Cardano

Cardano is a decentralized public blockchain that has been around for a while. As one of the first projects to challenge the Ethereum status quo, it quickly gained the attention of investors looking for alternatives. The project also has a strong developer community. However, its developer community has often been criticized for lacking urgency. 

In the past few weeks, ADA has declined by over 12%. Cardano’s bearish trend started in mid-March due to the actions of its crypto whales. In the span of one week, the whale transactions dropped by a whopping 24.3%, bringing transactions to $17.4B from $23B. 

Price predictions for Cardano following its downward plunge have not been favorable as analysts project more losses and an increase in price volatility. 

There is much debate on whether or not ADA can find its footing and manage a bullish reversal. In the meantime, investors are diversifying their portfolios and exploring alternative investment options. 

DTX Exchange: Outstanding Presale Success 

Amidst the uncertainty surrounding ADA, DTX Exchange is setting itself on the opposite end of the spectrum, emerging as a remarkable success since the beginning of its presale

The DTX Exchange is a blockchain platform that meets a wide range of trading needs by providing access to over 120K trading assets. Users can access investment options in crypto, stocks, leverage options, etc., at impressive transaction speeds and at no added cost. 

The platform empowers its users with flexible leverage options and access to dynamic trading instruments and advanced analytic tools to aid them in making informed trading decisions. 

Investors have been throwing their weight behind the platform, committing over $100K in its initial seed round after just two days, and it continues to make notable progress ever since. The token is currently priced at $0.02 and has sold over 27% of its total supply. The project’s early success and apparent potential are some of the reasons investors are buying into DTX Exchange’s future. 

The Market in the Coming Days

As the market is unpredictable, it’s hard to say whether or not Cardano will make a successful comeback, but investors are bound to follow the most promising paths. On the other hand, DTX Exchange is a relatively young project with a lot of room for growth. 

Presently, all roads lead to DTX Exchange’s presale, where the first round of token sales is being hosted. You can also join the discussion on Telegram

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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