With anticipation for the next altcoin season rising, a top analyst has selected a new token that could rival giants like Cardano (ADA) and Ripple (XRP) for gains. The new entrant, DTX Exchange, is tapping into the crypto and traditional market to give users a comprehensive trading experience.
The platform also promises to add other innovative features and advanced trading tools to make trading more exciting and profitable. Analysts forecast the price of its native token could increase by 15x in the next altcoin rally.
Cardano (ADA) Unlocks 18.53M ADA
Cardano (ADA) price could plummet in the coming weeks as it prepares for a significant token unlock on October 2nd. According to data from Token Unlocks, over 18.53 million ADA tokens will be released into circulation. In the meantime, the Cardano coin is under mixed sentiment. Its value has dropped by 5% in the weekly timeframe after its recent surge.
However, the Cardano price is still up 7% and 8% on the biweekly and monthly charts. Also, it is trading above the 50-SMA at $0.355567. In a recent tweet, CryptoYapper told his followers Cardano crypto just broke the first resistance in a descending broadening wedge.
If Cardano (ADA) could break to the upside, it might soar to $0.52 in the coming weeks, CryptoYapper added. Another analyst, WolfofChart, gave a similar forecast, posting a chart that showed Cardano soaring to $0.5215.
Ripple (XRP) To Give Three Digits in the Coming Months
Despite the recent correction that swept across the crypto market, Ripple (XRP) is still standing strong on the price chart. It has profits on the weekly, biweekly, and monthly timeframes. Also, the market cap of Ripple crypto is consolidating between $28 billion and $38 billion on the monthly chart. Analysts are expecting a rally to occur with Ripple’s latest expansion into the UAE.
A top analyst, JacktheRippler, told his followers on X that Ripple price could pump to three digits in the next few months. Another analyst, TheMoonCarl, gave a short-term target for Ripple (XRP). They posted a chart that showed the value of the Ripple coin soaring to $0.9000. In the meantime, the momentum around the cryptocurrency is bullish. Its 14-day RSI has risen above the 50 mark.
DTX Exchange (DTX): The Best DeFi Project for 15x ROI
DTX Exchange (DTX) is the exchange token for a centralized and decentralized cryptocurrency exchange called DTX Exchange. The platform allows its users to enjoy fast transactions at a low cost and provides high liquidity coupled with high security levels. Where DTX Exchange is different from other types of centralized exchanges, such as Binance, is that DTX offers a vast array of tradable financial assets.
The DTX Exchange provides a range of up to 120,000 different instruments on a single trading platform, ranging from forex, cryptos, indices, and metals to equities. This broad range means DTX Exchange is ideal for traders who want to expand their holdings. Another attractive feature is this 1000x leverage. This leverage is a nice opportunity for experienced traders to boost their profits. It allows them to take large positions in the market with little income.
Also, the DTX Exchange user interface is relatively easy. Traders can switch from one market to the other very quickly without having to own multiple accounts. This is a good feature for those new to trading as well as for professional traders who wish to trade cryptocurrency and other assets on the same platform.
Currently, DTX Exchange is in the presale stage, and its native token is trading at $0.06. The project has raised $3.5 million in funding and is gunning for $5 million by the end of October. Analysts forecast the value of this coin will increase by 15x in the coming months. This potential growth makes DTX the best coin to invest in now.
Analysts Pick DTX Exchange Over Cardano (ADA) and Ripple (XRP) for Profits in Altseason
While Cardano (ADA) and Ripple (XRP) have been the biggest altcoins for a long time, DTX Exchange has great promise of overtaking these market leaders in terms of growth. Analysts argue that DTX Exchange’s low market cap, hybrid approach, and features could make it a top leader in the crypto market.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
