The global cryptocurrency market has experienced a downtrend in recent weeks, with established players like Cardano feeling much of the squeeze. In all this, some projects are Keeping their heads above water, showing great resilience in a downtrend market. We’ll consider two of such projects in Cosmos (ATOM) and Starknet (STRK). We’ll also highlight that DTX Exchange is making progress in its ongoing presale.
Cardano tumbles in a current market downturn.
Cardano has struggled to keep its head above water since hitting its year-high of $0.81 in the middle of March 2024. Since then, Cardano’s price action has formed lower Highland lows, showing a declining price. ADA currently trades at $0.45 as of the time of writing, losing approximately 44% in less than 2 months.
The exact cause for this decline is not clear. Analysts point to multiple possible explanations like broader market weakness, project complexities slowing development down and breeding impatience and uncertainty among some investors, increased competition, and faster blockchains.
Cosmos (ATOM) and Starknet (STRK): Staying alive despite bear invasion
The recent market correction took its toll on almost every altcoin, but some are responding better than others. Cosmos (ATOM) took a hit recently, seeing a sharp drop from $11 to $7 in the middle of April. However, its current price of $8.66 shows a fightback, and its chart appears to be forking a bullish triangle. Cosmos is a blockchain platform that allows developers to build interoperable, customizable blockchains.
Starknet (STRK) also experienced a sharp decline around the time Cosmos took its hit, from $2.07 to $1.11, a 46% drop in less than 48 hours. However, looking at STRK’s chart, a break of market structure appears to be forming, with a strong support zone in its $1.01 region. STRK is currently trading at $1.28, gathering liquidity for its potential upward trend.
DTX Exchange making progress amidst cautious market
The recent price action around Bitcoin has dropped the fear and greed index to 43, showing a fearful and cautious market. Despite this, some investors already familiar with the crypto market cycle are finding their way to DTX Exchange presale to secure a spot in what they believe could give them a substantial return on investment when the markets enter a proper bullish run.
DTX Exchange presents investors with a value proposition where traders of all skill levels can fund whatever they need cheaper, faster, and simpler. DTX combines the best of both centralized and decentralized exchanges to provide a platform where traders can access a wide range of financial instruments across four major financial markets, unmatched leverage, a zero-commission policy, and lightning-fast trade execution.
DTX Exchange’s ongoing presale is discounted at $0.04. To learn more about DTX Exchange, visit its presale website or join its Telegram community.
Key Takeaway
Cardano (ADA) struggles amid market decline. However, Cosmos (ATOM) and Starknet (STRK) exhibit resilience. DTX Exchange’s ongoing presale garners interest with its hybrid platform and discounted rates.
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
