There is new hype as Grayscale applies for a Cardano ETF. However, while this is a positive development, in the market, there has been little corresponding movement as the ADA price chart remains sluggish. While there is improvement in the ADA price, which has gone green finally, it is not as high or quick as investors anticipated. However, many analysts suggest that despite the poor ADA price performance, the blockchain will outperform other blockchains in the long term. News of the Cardano ETF emerged at a bearish phase in the markets and when the ADA price was struggling well below the $0.8 resistance level. Seasoned market traders insist that there is still substantial potential, and final approval of a Cardano ETF will help boost ADA price and send it over the $3 range at the minimum. However, this is going to take a while. This is why many investors are turning towards the hot presale project DTX Exchange . This hybrid trading platform is at the tail end of its presales and is offering its DTX token at a final discounted price of $0.16. The presale has raised $13.9 million so far. DTX Exchange is set to disrupt the current trading industry model with its innovative hybrid trading platform. ADA Price Sluggish As Grayscale Files For Cardano ETF News about Grayscale filing to list a Cardano ETF on the New York Stock Exchange has yielded mixed responses in the market. The ADA price remains under $0.80 despite the move being applauded by both investors and industry experts. CoinMarketCap data shows that ADA’s price has risen by just 3.0% on the weekly chart. The daily charts show an increase of just over 1%. However, the market volume has dropped by 13%, which usually indicates that there is no short-term rally expected despite the news about the Cardano ETF application. Since investors are not moving their ADA, prices probably won’t rise significantly. DTX Exchange (DTX): Presale Crosses $13.9 Million DTX Exchange (DTX) will launch a hybrid exchange that offers the combined advantages of both DEX and CEX trading. DTX users will get access to a range of over 120k assets, made up of both real and digital assets. The platform’s ICO has earned huge attention and has raised over $13.9 million. A major selling point of DTX Exchange is its Phoenix Wallet. This is a multi-asset custody solution that allows users to store different asset classes like stocks, cryptocurrencies, and forex. It is a noncustodial solution that does not require cumbersome KYC protocols before users can transact through it. DTX Exchange also has a copy trading module that allows users to copy the trades of experienced traders of their choice. This creates a structure where new traders can learn from experienced ones and can improve their performance in trading. All set to launch soon, the DTX can be expected to rise at least 20x. The current discounted price of $0.16 is the final chance for investors to book DTX at a low price. Key Takeaways Although the Cardano ETF filing is a major step, the real revolution is brought by the DTX Exchange. The platform’s strong investment possibilities are based on its phenomenal world-class use case. Investor interest in DTX is also highlighted by the $13.9 million already raised by the token in the presale rounds. Currently, it is priced at just $0.16 in the eighth round and will increase to $0.20 when it launches. The current discounted price of $0.16 is the final chance for investors to book DTX at a low price. To know more about the DTX Exchange ecosystem, check out: Buy Presale Visit Website Join Community The post Cardano Spot ETF Signals Demand for ADA While Historic Inflows Turn Attention to DTX Exchange Pre-Listing appeared first on TheCoinrise.com .
