The current session registers slumps for Cardano (ADA), simultaneously showing a massive ascent for Chainlink (LINK). While the rest of the crypto space remains full of uncertainty, DTX emerges as a sigh of relief. Unaffected by the market volatility, DTX Exchange has raised a massive amount of $3.3 million.
The DTX craze seems to know no bounds, as the media is again buzzing around the platform ever since its presale hit the $3.3 million mark! DTX Exchange had been all over the news ever since its testnet launch, making the DeFi platform one of a kind. The media frenzy seems to have rekindled amid the recent session.
Although Cardano (ADA) has long been praised for its creative blockchain advancements, its present market suggests there might be better times to invest. Cardano’s (ADA) price has not recovered from its notable drop from August to early September.
Even with recent network upgrades, including the Ouroboros Leios update and Voltaire era’s first hard fork, Cardano (ADA) still lags. Cardano (ADA) is priced at $0.3695 as of right now, far from its all-time high of $3.09, and investors worry about its future course.The declining interest from prominent investors, sometimes known as “whales,” is one of the leading causes of worry.
Cardano (ADA) whale counts have dropped by 18% over the past month, indicating a lack of confidence among essential market participants. Cardano’s most recent price movement has also been limited inside a symmetric triangle pattern with several failed breakout attempts. This points to a bearish attitude, particularly considering the general comeback in the crypto market.
Moreover, Cardano’s (ADA) technical indicators—such as its Relative Strength Index (RSI)—show bearish divergence, hence indicating a higher risk of more declines than of a notable comeback. Considering these issues, investors might wish to consider other tokens with more growth potential instead of Cardano.
In September, the price of Chainlink (LINK) increased by 13%. The price range of $10.85 to $12.88 for Chainlink (LINK) indicates a consistent increase in value, independent of market fluctuations. A number of factors have contributed to the increase in demand for Chainlink (LINK), chief among them being the Cross-Chain Interoperability Protocol (CCIP). Recently, the CCIP was created to expand Chainlink’s (LINK) capabilities within the DeFi domain.
Although Chainlink (LINK) is now seeing upward momentum, technical indicators such as the RSI point to possible resistance. This might halt the upward trend. However, because of its significant contribution to blockchain ecosystems and growing institutional investor interest, Chainlink’s (LINK) long-term outlook is still positive.
DeFi trading powerhouse DTX Exchange (DTX) has jumped into relevance as the most exciting prospect for traders. Currently, in the 3rd round of its ongoing presale, DTX offers an exciting suite of features that allow traders to access unprecedented liquidity and trade all their favorite stocks, cryptos, and assets under a unified umbrella. The key factor making DTX stand out is the 1000x leverage feature that allows traders to borrow massive liquidity for their investments.
DTX Exchange (DTX) has gained significant attention for the platform’s broader features, including the VulcanX blockchain. The unified trading blockchain offers a TPS of 100,000. The exchange has forged partnerships with leading crypto stakeholders to deliver a secure trading interface, verified in security audits from reputed firm SolidProof.
The ongoing public presale for DTX Exchange (DTX) offers investors limited time to become partners with the platform. After selling out the first two rounds of the presale, DTX supply is rapidly running out in Stage 3 as traders rush to become participants in a future top 30 platform. The platform has raised over $3.3 Million and has reached 75,000 active participants in the presale.
Cardano (ADA) and Chainlink (LINK) exhibit carrying paths in the volatile cryptocurrency market, as ADA loses whales while LINK grabs investors. Defying these vulnerabilities, DTX Exchanges attracts media attention as it raises $3.3 million.
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