2 weeks Ago
The Cardano price is on the verge of a significant move above $2 as the bulls take charge of the market. However, Ali Martinez notes the ADA price has to surpass the $1.20 resistance first.
While ADA's potential price growth has brought hope to the market, the real gem that is causing traction in the market is DTX Exchange (DTX). This upcoming DeFi project has raised over $16 million in funding and given investors 800% ROI. With over 700k users onboarded in just a few months, DTX Exchange could rival top giants like Shiba Inu by soaring by 20x this year.
Shiba Inu (SHIB) Burn Rate Pumps 27,660%, Price Still Bearish The Shiba Inu price has been trading between $0.000011 and $0.000012 in the past few days.
The memecoin is currently facing a notable resistance of around $0.00000125, which has been in place since March 12. Amid this price volatility, the Shiba Inu price has plummeted by 6.
3% and 20.6% in the past week and past 30 days, respectively. The Shiba Inu price on the yearly chart is also bearish with a decline of 62.
9%. While this downturn could continue, analysts expect a Shiba Inu price rebound in the coming days. One such analyst is CW.
They noted the Shiba Inu price is in a good buying region and has three major resistances until it soars to its previous peak of $0.00034. CW forecasts the Shiba Inu price could pump to $0.
000017 and then to $0.000022 if the uptrend continues. In other news, Shiba Inu's burn rate has skyrocketed by 27,660% in the past 24 hours.
Over 503 million SHIB has been burnt, a move that could push the Shiba Inu price up the chat as user activity rises. Cardano (ADA) Predicted To Hit $2 If It Crosses $1.20 A recent Cardano price analysis from Ali Martinez reveals the altcoin has been trading within a right-angled descending wedge.
The analyst told investors to look out for a potential breakout above $1.20. If this happens, Ali forecasts the Cardano price could surge to $2.
In a former tweet, the analyst noted the Cardano price is on track to hit $10 if bulls maintain the $0.80 support. Unfortunately, the Cardano price has dropped below this level.
Currently, data from CoinMarketCap shows the Cardano price has dipped by 15.5% on the weekly timeframe and 10.5% on the monthly level.
The Cardano price has been on a steady decline in the past week almost dropping to $0.65. Going ahead, investors should watch for a potential breakout above the $1.
20 mark for a bullish reversal. Looking ahead, the Cardano price faces strong resistance around the 50-SMA ($0.812255).
Surpassing it could propel the Cardano price to $1.20. DTX Exchange (DTX) Hybrid Features Wows Investors While investors await the Cardano price rally to $2, a new project is gaining traction.
DTX Exchange (DTX) is a hybrid trading platform that connects conventional and decentralized finance, providing its users with more than 120,000 asset classes. Some of them include cryptocurrencies, forex, equities, and commodities. This hybrid trading model enables the users to enjoy the centralized trading system in terms of speed and efficiency while at the same time having control of their assets.
The platform can process up to 200,000 transactions per second for efficient and secure trading, thanks to the VulcanX blockchain. DTX Exchange is currently in the presale phase and is trading at $0.18 with a launch price of $0.
36. Its price is expected to pump by 2x upon launch and 20x after it is released on top exchanges. DTX Exchange: The Best DeFi Project To Unseat SHIB While the Cardano price eyes a potential uptrend to $2, DTX Exchange could outshine Shiba Inu in terms of growth.
Its low market cap, connection to the crypto and traditional market, and other features make it stand out. Investors who want to double their assets in the next few weeks can jump on the DTX crypto ICO before prices skyrocket. Find out more information about DTX Exchange (DTX) by visiting the links below: Buy Presale Visit DTX Website Join The DTX Community Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance.
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