As the crypto market fluctuates after the recent mini-bull run and altcoins prices face bearish pressure, savvy investors rotate funds to DTX Exchange as its on-chain metrics show constant growth. Reports show that an 85% increase in unique active wallets holding the DTX token has been seen from the last month, pushing the total count above 400,000 active wallets. This surge occurred because the DTX presale has entered the final stage and is preparing for mainnet launch soon. Meanwhile, Cardano (ADA) is facing a bearish trend after a tremendous performance in the last few months. In the last seven days, the Cardano price has declined by nearly 11%, breaking the $1 support. Experts believe that DTX Exchange (DTX) could surpass Cardano (ADA) after its listing on tier-1 exchanges. Cardano Price Could Fall to $0.60 if this Support Doesn’t Hold The Cardano price (ADA) analysis is always making the news in the crypto world due to dynamic changes, but the recent price action points to a potential storm cloud forming for ADA. Following the January 17th rejection, the Cardano price formed a double-top pattern, which resulted in a drawdown of 21%, dragging the ADA price to $0.91. Currently, the Cardano price is trading just above the neckline of the pattern. If this threshold breaks, it could initiate another leg of the bear trend and drag the Cardano price below the $0.60 level. With Monday’s 10% intraday fall, ADA has also broken the ascending trendline support, which it has tested twice in the past. Courtesy: TradingView $0.88 and $0.80 are the next two immediate support levels for the Cardano price, while $1 will be a tough psychological hurdle to clear on the long side. In the last 24 hours, the trading volume for the Cardano price has increased by 50%, showing that many traders are liquidating their positions in the downtrend. On the positive side, the Hydra Doom Tournament, a high-stakes gaming competition, has highlighted both the classic game Doom and Hydra’s impressive scalability on the Cardano (ADA) blockchain. The tournament, which includes a mix of online and live events, has delivered remarkable results. This success highlights Cardano’s strength in blockchain scalability and sets a potential benchmark for the industry. DTX Presale Reaches Final Stage: Last Opportunity? The final stage of the DTX Exchange token presale has increased demand for the project due to its immense potential in the trading landscape. For context, DTX Exchange is the first-ever hybrid exchange combining the best of centralized and decentralized exchanges. With its remarkable approach and unique platform infrastructure, DTX has performed impressively in the presale, raising over $12.94 million. While the Cardano price suffered from the sell-off, the DTX token has risen 230% in the last 30 days. This growth is attributed to the DTX Exchange’s approach, which aims to address the prevailing issues in the $55 trillion trading industry. DTX Exchange allows users to manage more than 120,000 financial assets on a single platform, including cryptocurrency, stocks, forex, ETFs, and bonds. The VulcanX blockchain is the core of the project that supports both traditional and digital financial instruments. In the testnet, the VulcanX blockchain has proven to be the fastest among peers, achieving an extraordinary 200,000 TPS. The presale has progressed to the final 8th stage, where the price of DTX is $0.16 per token. The launch price is set to $0.20, immediately making the investment profitable. This is the last opportunity for investors to grab tokens at a discounted price and join this revolutionary trading platform. Find out more information about DTX Exchange (DTX) by visiting the links below: Buy Presale Visit DTX Website Join The DTX Community The post Onchain Data Shows Why This ERC-20 Coin Could Surge 200% Before ADA Drops to $0.64 appeared first on TheCoinrise.com .
