Cardano and DeFi Coin Poised For Potential Rally, Whale Accumulates 60M Ripple

The crypto market is showing mixed sentiment as top altcoins such as Cardano and Ripple attempt to break out of a bearish trend. Meanwhile, a DeFi project called DTX Exchange (DTX) is set to disrupt the financial industry.

DTX Exchange is a TradFi and DeFi hybrid exchange that allows traders to invest in crypto, stocks, forex, and more in one application. Investors are currently showing interest in this DeFi coin which has onboarded over 600k users in its presale stage. Meanwhile, whales have bought over 60 million XRP coins amid the ongoing correction.

Cardano (ADA) Ready for Breakout To $1

Crypto analyst AMCryptoAlex has suggested the Cardano price is about to surge higher and the $0.84 level is important. He notes that there has been a lot of progress on the spot Cardano ETF, with analysts expecting over 70% chance of approval this year. If the Cardano price attains a 4-hour close above $0.84, AMCryptoAlex expects a quick rise to $1 in a few days.

So, traders should pay attention to this level on the Cardano price chart. Meanwhile, the Cardano coin has strong support around the $0.70 level. Losing this level might pull the Cardano price to lower levels.

In the meantime, the Cardano price is retesting the $0.7 support. A bounce-off is expected to occur in the next few days which could propel the Cardano price to $1. CoinMarketCap data shows the Cardano price has plunged by 2.0% in the weekly timeframe. The losses have also extended to the monthly level where the Cardano price has dipped by 26.8%.

Whales Buy 60M Ripple (XRP)

According to crypto expert Ali Martinez, whales are showing interest in Ripple coin. Data from CoinMarketCap shows the XRP price has risen by 2.4% and 0.7% in the weekly and biweekly timeframes. The XRP price has been trading in a narrow range in the last few days.

The bulls are attempting to pull a breakout to the upside and reclaim the $3 level. However, the XRP price faces strong resistance around the $2.9 level. Crossing this resistance could kickstart the epic rally that investors have been looking forward to. Armando Pantoja says the XRP price is showing positive strength bouncing off a key support level.

With an 81% chance for a Ripple ETF approval, analysts like Armando forecast the XRP price might jump to $4 in the coming months. Another analyst Javon Marks notes that there is a hidden bullish divergence pattern on the XRP price chart. He says the XRP price might rally to $3.7 in the next few weeks based on this pattern.

Why DTX Exchange (DTX) is the Best Trading Platform To Make More Profits

DTX Exchange (DTX) is set to revolutionize the trading sector by combining the best of both centralized and decentralized exchanges. This model is appealing to traders as it combines low fees, fast transactions, high liquidity, and anonymity, which are some of the most important factors that any trader would want.

Meanwhile, DTX Exchange is built on a Layer-1 hybrid blockchain called VulcanX. In this way, VulcanX strengthens DTX’s position as a market leader in blockchain technology by improving security and performance. In the testnet phase, VulcanX handled more than 100,000 transactions per second for trading.

This speed enables the users to trade across various assets such as cryptocurrencies, stocks, forex, precious metals, and ETFs and allows the users to trade with unmatched speed. With the increasing demand, DTX Exchange has raised over $14.7 million in its crypto ICO. The price of DTX is currently trading at $0.18. As the interest in DTX increases, the early adopters are most likely to see huge returns.

DTX Exchange Tagged the Best Crypto To Buy

DTX Exchange has had an excellent presale performance and is preparing for a huge leap. While the crypto market is still in the search for crypto for 20x ROI, DTX Exchange has emerged as the best option. This DeFi crypto could be the next best thing in the cryptocurrency market that could outshine Cardano and Ripple.

Find out more information about DTX Exchange (DTX) by visiting the links below:

Buy Presale

Visit DTX Website

Join The DTX Community