Cardano (ADA) is in a tussle to compete for dominance with Toncoin (TON) after it slipped below the top 10 rankings according to CoinMarketCap data. The disappointing trend of ADA price and failure to display any breakout after the Chang Hard Fork upgrade has let other cryptos take over due to their unique market edges.
While Toncoin (TON) prices surge with this key metric that will be discussed later in the article, DTX Exchange (DTX) also shows eyes to Cardano (ADA) as an emerging tradFi giant. The project has scored a high presale rally and is ready to exert its dominance after the mainnet launch.
DTX Exchange’s $2.5M Presale Ready For Explosive Growth
DTX Exchange (DTX) emerges as a top investment choice for big and new traders with its hybrid layer-1 blockchain testnet performance and AI-powered trading platform. The project has raised a mind-blowing $2.55 million in batch 3 of the presale by incorporating a hybrid trading model with leverage up to 1000x for profit-seeking investors with machine expertise and advanced automation.
The DTX platform is a leading force with its revolutionised forces to stay relevant in the fast-changing trading industry by improving much-needed leverages to the trading community and offering end-to-end solutions to increase scalability. DTX Exchange knocks out major projects with its decentralised security like no-KYC and its commitment to go global by adding assets from cryptos, stocks, forex, and more.
Furthermore, DTX Exchange (DTX) commits to user growth and individual ownership by utilising multi-tier accounts, distributed liquidity pools, and non-custodial wallets. The DTX tokens have reached 16,200 unique holders and promise 100x gains as they prepare to surge beyond $1 after hitting the main market by Q4 of 2024.
Community Criticism Mounts On Cardano (ADA) Underperformance
Cardano (ADA) price has faced a prolonged downtrend since the 2021 market crash, failing to recover with key developments. The recent Chang Hard Fork upgrade which was months late and community members had high hopes with its deployment failed to trigger any rally for Cardano (ADA) as the token currently hovers below the $0.35 threshold.
Moreover, the rising criticism of its outdated blockchain schemas and toxic environment by Am_Panic has sparked a new debate for the Cardano (ADA) ecosystem. The price of Cardano (ADA) is 1.1% down on the monthly charts and the innovative projects are rushing upward to dominate the rankings over ADA’s potential to lead.
Toncoin (TON) Breaks $5.25 Support With 7M Active Addresses
Toncoin (TON) shows strong community support despite regulatory uncertainties and dropping whale action. The TON blockchain is continually improving with leading stats of 7M active addresses in August 2024 with a rising social volume. Toncoin (TON) holds the 10th spot, securing solid ground above the $5.25 support level with 3.8% intraday gains.
Moreover, @thelordofentry has tweeted on X about the rising Fibonacci retracement level for Toncoin (TON), suggesting new upper price levels in a bull market. As the Toncoin (TON) price soars with an engaging community, analysts expect that TON can be a breakout star if the market flips after the Fed meeting and can challenge higher rankings with a bullish recovery.
Key Takeaways
As Cardano (ADA) loses its top 10 spots, Toncoin (TON) capitalises on its strong community support and rising active addresses. However, the real standout is DTX Exchange (DTX), which has captured attention with its $2.5 million presale success and innovative hybrid trading platform. As the project positions itself as a formidable force in the tradFi sector, investors must watch DTX tokens for substantial returns.
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