Bitcoin’s dominance is increasing, leading to a decline in the performance of some leading altcoins like Solana (SOL). The DeFi token is hovering around the $230 support, with key indicators pointing to a potential retest of $200.
Meanwhile, layer 1 token Cardano (ADA) and DTX Exchange (DTX) Eyes Huge Gains: Altcoins to Watch. The former is expected to break above the $3 resistance and continue price discovery. At the same time, DTX, a new DeFi token, is poised to skyrocket after its debut, surpassing $9.5 million in presales.
DTX Exchange (DTX): A New DeFi Project to Watch for Huge Gains
DTX Exchange (DTX) is in the spotlight, attracting the attention of investors and experts. Its blend of the best elements of CEX and DEX and its intersection with traditional finance is attracting interest from experts. Its huge growth prospects as a small-cap gem cannot be ignored either.
It will play a crucial role in the $10 billion global trading space as a hybrid exchange protocol. Its wallet-based trading and other decentralized principles would address challenges related to financial exclusion and global inaccessibility to markets and assets.
Equally important, as a bridge between decentralized and traditional finance, users can trade thousands of assets across stocks, ETFs, currencies and cryptos. With the presale in the sixth round and priced at $0.12, it presents a weak entry. The expected 70x rally in the first three months after its debut makes it a more compelling alternative to Solana (SOL) and Cardano (ADA).
Solana (SOL): will it retest $200 or rebound?
The last few weeks have been a roller coaster ride for Solana (SOL), from recording a new ATH ($263) to losing key price levels. Despite the recent decline, key technical indicators such as the 10-EMA and 10-SMA sell signals suggest further declines, potentially retesting $200.
While some analysts expect a pullback for a healthy uptrend, others believe Solana (SOL) is set for a huge jump, especially with Grayscale filing for a SOL ETF. Mareeiaam, a leading analyst, targets $300 before the new year, while NeonGenesisBTC, another leading expert, sees SOL reaching $320 in the near term.
Meanwhile, Solana price is trading lower on the weekly chart, down 5%. It is hovering around the $230 support, but has remained in the green for the past month, rallying 45%. At current price it could be in an attractive zone, perhaps a good crypto to buy.
Cardano (ADA): How High Can It Go?
Cardano (ADA) has been one of the biggest gainers in recent weeks, cementing its status as one of the top altcoins. It exploded more than 250% from a monthly low of $0.33 to a recovery of $1.2, a level last seen in 2022.
Cardano price is hovering above $1.1 after a slight decline, but is still up over 15% on the weekly chart. Meanwhile, ADA price trading above the 10-EMA and 10-SMA suggests future gains. A break above the $1.6 resistance could push it above $3 and towards price discovery, on the list of best cryptos to invest in.
Crypto enthusiast and analyst blue_punkrocker expects Cardano (ADA) to trade between $10 and $15 this bull cycle. ElJasperino, another trader and crypto expert, maintains a strongly bullish stance. In the worst case scenario, they believe ADA will trade around $6, while in the bull case, between $25 and $60.
DTX Exchange (DTX): Projected 70X Rally Makes It a Better Bet Than Solana (SOL) and Cardano (ADA)
Despite their popularity, major crypto coins have limited upside potential. Meanwhile, DTX Exchange (DTX), a new altcoin at the crossroads between TradFi and DeFi, offers higher growth prospects than Solana (SOL) and Cardano (ADA). Considering the future transformation of the global trading scene, this is an altcoin worth considering.
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