Cardano (ADA) Soars As Whales Step In! Toncoin (TON) and DTX Exchange (DTX) Continue to Surge Exponentially

Market volatility has a huge impact on the trajectory and price action of altcoins. The current bull run witnesses Cardano (ADA) as a key coin left baffled

Cardano (ADA) price seems to be struggling to keep up with the market sentiments. Despite the bullish performance of other altcoins, ADA has failed to surpass the crucial $1 mark. However on-chain analysis suggests a different story.

Cardano (ADA) price is up by 6% in 24-hours. From the looks of it, Cardano (ADA) is preparing for a strong rally as the price recovers from a period of decline this week. At the time of writing, ADA is trading at $0.3503.

Cardano (ADA) price seems to be driven by whale activity rather than the overall market sentiments. Blockchain analytics platform IntoTheBlock data reveals a surge in large transactions.

Large transactions, also known as whale transactions, are those valued at $100,000 or more. A孑mperor, a crypto analyst.SOL, highlighted this activity in his recent analysis. According to IntoTheBlock, large transactions on the Cardano network have increased by 10%, indicating a strong buying trend.

In just 24-hours, whales shifted 19.5 billion Cardano (ADA) coins, which is valued at $6.48 billion at the current price. This activity is highlighted by over 3,100 large transactions in a single day.

The rate at which Cardano (ADA) is being bought up by whales is evident as this number is approaching the weekly peak of 3,320 transactions. This trend is indicating a strong buying interest in Cardano (ADA).

As the buying activity continues, Cardano (ADA) price is expected to keep rising and might cross the $1 milestone soon. A recent analysis by a crypto analyst reveals that ADA could be set for its best weekly performance in September if the buying activity continues to rise over the next several days.

Toncoin (TON) price continues to rise as the bulls maintain their grip on the price movement. According to CoinMarketCap data, TON price has increased by nearly 10% in the past week.

The excitement around Toncoin (TON) is building up due to the multiple airdrops that TON will be hosting later this month. For example, both Catizen and Hamster Kombat will be kicking off their token airdrops before September ends.

Emperora, a crypto analyst.SOL, also expressed optimism for the Toncoin (TON) network in his analysis. He claims that Toncoin (TON) could reach $10 in his X post.

Despite the bullishness of this Toncoin (TON) price prediction, some traders are still cautious as the value of TON has decreased by around 15% on the monthly chart.

However, this concern is eased by the sudden surge of over 46% in the trading volume of Toncoin (TON) with a 5% increase in the Toncoin (TON) price. This price trajectory of Tonncoin (TON) is hinting at massive gains, according to market analysts.

DTX Exchange (DTX) is having one of the best presales in the cryptocurrency market in the current session. It has already raised over $2.6 million with the potential to reach $3 million by next week, showcasing its grand success.

This performance is not going unnoticed as millions of traders worldwide are making DTX Exchange their favorite project, according to Crypto Infinity.

DTX Exchange will be combining the best of both DEX and CEX in one place. This hybrid trading platform will allow you to trade FX, Gold, crypto coins, and over 120,000 asset classes at 1000x, outshining other established players.

Moreover, signup KYC checks will not be required by DTX Exchange, allowing everyone to maintain privacy while trading.

The DTX utility token will be powering this platform, and holding it will provide access to advanced analytics tools and governance voting rights. It is currently priced at $0.06 in Stage 3 of its presale, which is a 300% increase from its starting price of $0.02.

However, this value will increase again by 33% to $0.08 once Stage 4 begins. According to analysts, another 30x is expected after a Tier-1 CEX lists DTX soon.

The above is the detailed content of Cardano (ADA) Soars As Whales Step In! Toncoin (TON) and DTX Exchange (DTX) Continue to Surge Exponentially. For more information, please follow other related articles on the PHP Chinese website!