DTX Exchange (DTX): Whales Bet on New DeFi Coin Targeting $10B Market Despite the long crypto winter, the market exploded post-election as the Federal Reserve lowered the interest rate by 0.25% points

the quest for significant gains, whales have been betting on DTX Exchange (DTX), a new DeFi token, over Cardano (ADA). This new cryptocurrency and low-cap gem has more upside potential than top crypto coins.

The crypto market continues to soar following the US presidential election and a 0.25% interest rate cut by the Federal Reserve. As a result, Bitcoin (BTC) price edges closer to $76,000, while leading altcoins, such as Ripple (XRP), gain momentum once again.

In the pursuit of substantial gains, whales have taken a keen interest in DTX Exchange (DTX), a new DeFi token, over established cryptocurrencies like Cardano (ADA). This emerging cryptocurrency offers greater upside potential compared to mainstream digital assets.

What is DTX Exchange (DTX)?

DTX Exchange (DTX) is a novel DeFi token that boasts not only impressive growth prospects but also strong fundamentals. Its innovative approach combines TradFi and DeFi to create a one-stop platform for trading various asset classes, including stocks, ETFs, forex, commodities, and cryptocurrencies.

Furthermore, being a hybrid trading platform, it will merge the best aspects of both centralized and decentralized exchanges, making it a favorite among whales. Some of its key strengths include wallet-based trading, an intuitive user interface, and non-custodial storage solutions, aiming to revolutionize the $3.2 billion global trading market.

The token is already pre-listed on CoinMarketCap and is touted as one of the best cryptos to invest in. Being a new cryptocurrency, it has more room for growth compared to popular cryptocurrencies like Ripple (XRP) and Cardano (ADA).

Currently, the presale is in its fourth round and has managed to raise over $7 million, with a token price of $0.08. Tipped for a 65x surge in value after its debut, it is undoubtedly one of the new DeFi projects to keep an eye on.

Ripple (XRP) targets further upswings

One of the top altcoins, Ripple (XRP), is making headlines for all the right reasons this time around. Despite being embroiled in a lengthy legal battle with the US SEC, recent price actions are something to be excited about, reflecting broader bullish trends.

Over the past 7 days, XRP price has surged by over 8%, trading above the $0.55 level. Gearing up to clear $0.64, a key resistance level, it is one of the altcoins to watch out for. As it consolidates within a symmetrical triangle formation on a higher timeframe, a breakout could pave the way toward $1.4.

Meanwhile, a crypto analyst’s XRP outlook after a legal victory against the SEC or upon achieving mass adoption is a rally to $10 or $50. Technical indicators, such as the MACD level (12, 26), at -0.00422, also support an uptrend, positioning it as one of the best coins to invest in.

Cardano (ADA) eyes a breakout above $0.52

Cardano (ADA) also trades upward, joining the broader crypto market rally. The DeFi platform houses cutting-edge decentralized applications (dApps), contributing to its adoption and ascent.

Like the overall crypto market, the ADA price is in the green. It surged by over 16% on the weekly chart, hitting $0.4. Its performance in the daily timeframe is equally impressive—a 10% rally. A crypto analyst predicts an upswing to $0.52 after breaking out of a consolidation formation.

Moreover, considering a potential rally to the 2021 all-time high of $3.1, Cardano (ADA) might be one of the best coins to invest in. The 80% decline from its ATH might be a huge discount. Key indicators, such as the exponential moving average (10) and the simple moving average (10), at 0.356 and 0.352, respectively, are bullish signals.

What's next for Ripple (XRP), Cardano (ADA) and DTX Exchange (DTX)?

The wider crypto market swinging high has pushed the prices of Ripple (XRP) and Cardano (ADA) upward. Further gains are anticipated as a full-blown bull market approaches.

Meanwhile, as a new altcoin and a hybrid trading platform, DTX Exchange (DTX) is poised for massive growth and adoption.

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