Cardano (ADA) Approaches $2; Solana (SOL) Hits Brick Wall – Experts Say New Exchange-Based Token Might Be the Next BNB
The crypto market’s upswing continues in December or “Decembull,” as it is popularly called. Cardano (ADA), one of this quarter’s many surprises, crossed $1.2 and approached a breakout above $2. However, Solana (SOL), a DeFi giant, has been underwhelming but experts expect a bounce back soon.
Amid rising sentiment, experts are bullish on DTX Exchange (DTX). This new exchange-based cryptocurrency is at the crossroads between traditional and decentralized finance and has been tipped as a strong contender against BNB.
DTX Exchange (DTX): A New BNB Contender?
DTX Exchange (DTX) is a top ICO and arguably this quarter’s best presale. Over $9.3 million has been raised by the team, highlighting investor trust. Regarding its unique offering, it will be a hybrid trading platform that combines the best elements of centralized and decentralized exchanges.
Wallet-based trading and non-custodial storage solutions will be some of its distinguishing features as it prepares to reshape the $3.2 billion global trading market. Additionally, it will be a one-stop platform to trade assets across stocks, ETFs, commodities, forex and cryptocurrencies.
Given its intriguing blend of TradFi and DeFi through blockchain technology and an asset tokenization model, it is one of the new DeFi projects to watch. Meanwhile, a token is competitively priced at $0.12 in the sixth ICO round. It is projected to witness a 45x jump in value in the next 3 months, potentially outperforming Cardano (ADA) and Solana (SOL).
Cardano (ADA) Targets a Breakout Above $2
Cardano (ADA), a top altcoin, basks in the spotlight following an impressive performance. Swinging high, the Cardano price exploded 30% in the weekly timeframe and over 250% on the weekly chart, trading above $1.2.
The rising demand for the Cardano token can be linked to growing institutional appetite and retailers’ returns. Further upswings are anticipated, as highlighted by technical indicators like 20-VWMA and 9-HMA.
At its current pace, Cardano (ADA) flipping $2 is a matter of time, inching toward a rally above the current ATH of $3.1 and price discovery. ADA_ONEVETCOTI, a crypto analyst, predicts an imminent rally to $3, followed by $5 and $10. Another crypto analyst, RealAllinCrypto, has $6 as their ADA price prediction for this bull cycle.
Solana (SOL) Prepares for a Bounceback
Solana (SOL), one of the best altcoins, faltered after registering a new peak price of $263 in late November. The Solana price tumbled 5% in the past seven days, although registering a 35% increase on the monthly chart. It retails above $220, which might be a huge discount in the coming days.
Current price actions might be overwhelming but despite recent turbulence, it is on a bullish path. Technical indicators like the 100-SMA and 100-EMA are bullish signals hinting at future price gains, explaining why savvy investors have been doubling down.
With plenty of room for growth at the current price, Solana (SOL) is among the best altcoins to invest in. This is echoed by Kanyewestisgoo, predicting a rally to $400 by 2025. Thecryptomist, another crypto analyst, expects the altcoin to hit $300 in the coming days.
DTX Exchange (DTX): Why Savvy Investors are Betting on it Over Cardano (ADA) and Solana (SOL)
As an up-and-coming cryptocurrency, DTX Exchange’s upside potential is largely unrivaled. It has more room for growth than top crypto coins like Cardano (ADA) and Solana (SOL), fueling demand. As it prepares to transform the global trading scene, $0.12 as the token price might be this year’s best bargain.
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