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The recent crypto market correction hit the top altcoins, Dogecoin (DOGE) and Cardano (ADA), very hard. Both altcoins are now struggling below critical support levels, but analysts believe they could see major price rebounds in the coming weeks that may take their prices to new all-time highs (ATHs).
While this is interesting news, top investors have been buying the new altcoin, DTX Exchange (DTX) instead. Already up by 700% in this bull market, technical analysts suggest the DTX coin could target $4 in this bull market, making it one of the best cryptos to buy now.
Dogecoin (DOGE) Long-Term Consolidation Could Lead To Huge Pump
Over the last month, Dogecoin (DOGE) has been stuck in a consolidation zone between $0.32 and $0.40. While many DOGE holders have raised concerns about the poor price performance of $DOGE compared to other top crypto coins, analysts believe there is no call for panic. James CryptoGuru shared a chart that showed the Dogecoin price consolidating in a descending triangle pattern.
With a breakout expected soon, James said he has added 10k Dogecoin tokens to his portfolio. This sentiment is confirmed by Trader Tardigrade who says that Dogecoin (DOGE) could see a 6-month rally similar to what happened in the previous bull cycle. Based on this prediction, the memecoin could skyrocket towards $3. A major event that could fuel this rally is the approval of a Dogecoin ETF. Bitwise recently filed for one, raising excitement in the Dogecoin community.
Cardano (ADA) Has a Breakout Chance If It Crosses This Level
The recent market correction caused a steep drop for Cardano (ADA). CoinMarketCap’s data shows that the Cardano price fell from a 30D high of $1.2 to trade as low as $0.85. While Cardano (ADA) is attempting to rally above $1, the popular pseudonymous analyst Sssebi has shared a key level for ADA investors to watch.
According to Ssebi, if the Cardano coin can form a daily close candle above $1 within the triangle it broke under, it will attempt a breakout soon. In a potential breakout scenario, the price of the Cardano crypto could look to pump above $1.6. This could potentially happen as $WhiteCrypto has shared very bullish news. The analyst tweeted that the open interest of ADA has surged to a new ATH, which is a sign that bulls are making a move in the market.
DTX Exchange (DTX) Shines in Bear Market, Set To Dominate Bull Season
The hybrid exchange, DTX Exchange (DTX), has been the star of the bear market, rallying by 700% to reach its current price of $0.16. In addition, the DeFi project has also pulled in over $13.3 million I presale funding, as top investors believe it could be the future of the online trading space. DTX targets a market-wide transformation by uniting essential points from centralized and decentralized exchanges.
The DTX trading platform provides traders with access to more than 120,000 assets composed of cryptocurrencies alongside stocks, metals, forex, oil, bonds, and other commodities through one unified trading account. The VulcanX blockchain at DTX Exchange provides efficient secure trading capability by allowing instant transactions. The layer-1 blockchain which powers DTX Exchange recorded over 200,000 TPS in testing, making it an instant market leader.
Through its robust infrastructure, DTX Exchange provides traders with an effective platform to carry out their deals and seize market opportunities. Thanks to this, DTX Exchange has also onboarded over 400,000 in presale. Given the huge potential of this new hybrid exchange, analysts believe its DeFi coin, $DTX, could skyrocket to $4 before the end of this bull cycle.
Why Whales Are More Interested in DTX Than Other Top 10 Altcoins
While Cardano (ADA) and Dogecoin (DOGE) remain top altcoins with the potential to increase over the next few weeks, DTX Exchange represents the future. By connecting the $690 trillion OTC derivatives market to crypto, DTX Exchange represents one of the biggest opportunities in crypto over the last few years. This is why whales have shown keen interest in this new project.
Find out more information about DTX Exchange (DTX) by visiting the links below:
