Two deFi giants Solana (SOL) and Cardano (ADA) are witnessing a notable price drop amid broader market fluctuations and whale activities. Trading below key resistance levels, the tokens are poised to display more declines as bearish sentiments are taking hold.
Global investors are shifting focus to DTX Exchange for 100x gains in the next bull run. The project will potentially lead the deFi market with its strong ICO performance and ground-breaking tradFi features.
Cardano’s (ADA) Turns Bearish at $0.41 Amid Sell-offs
With the hype of Chang Fork around the corner, Cardano (ADA) is likely to transfer $681.9 million treasury to ADA holders, committing to user engagement. Despite the recent updates and market optimism, Cardano (ADA) holders are speculative about its future price performance due to its historic sluggishness below $0.45, with many calling it a stablecoin.
With a 2.9% decline in the market cap, Cardano (ADA) is witnessing massive capital outflows. Technical indicators like 90-day MCA display a drop in buying pressures and long-term holdings. The token trades at $0.41, potentially dropping below the $0.4 threshold if bulls fail to regain momentum.
$231 Million Worth of Solana (SOL) Dumped by Whales
Solana (SOL) ecosystem despite its ongoing developments in the deFi sector is witnessing major price fluctuations, driven by broader market slowdown and investor sell-offs. According to a recent report by WhaleAlert, with millions of Solana (SOL) tokens shifted between wallets, a dump of 1,641,999 tokens worth $231 million on Coinbase has put forth a negative impact on its trajectory.
Solana (SOL) is trading just above the $140 support level, displaying a 11% decline on the monthly timeframe. Analysts anticipate a swift recovery for Solana (SOL) in the upcoming days after its v.18 upgrade announcement. As the current market turns out to be speculative, investors are turning to DTX Exchange for massive gains.
DTX Exchange (DTX) Becomes the Top Crypto With 100x Potential
DTX Exchange (DTX) is an emerging trading platform, that includes a set of cutting-edge solutions and extensive use cases. The hybrid platform empowers traders with 1000x leverage enabling them to secure higher market positions with minimal capital. Moreover, traders can utilize distributive liquidity pools for optimized trading in different financial sectors.
DTX Exchange’s ultimate power lies in the security protocols and blockchain L1 technology. Through the non-custodial wallets offered by the DTX platform, users can have full access to their digital assets and private keys without any intermediaries. Holders are entitled with governance rights and access to mega giveaways.
As the presale demand skyrocket, DTX Exchange will likely conclude its presale in Q2 of 2024. The project has raised a massive $700,000 in stage 2 of the presale and shows no signs of stopping soon. As the project goes live, the DTX token is expected to surge beyond $2, marking this a prime time to buy the tokens of the next deFi leader.
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