The bull market is back, and if it feels like déjà vu, think back to the last bull cycle. Aiming for a repeat of the face-melting 2021 bull run, sentiments couldn’t be more euphoric. Cardano (ADA), previously underwhelming, skyrocketed over 80%, leading in gains.
Shiba Inu (SHIB), the leading memecoin on the Ethereum blockchain, re-enters the top 10 with the entire market exploding. Hot on Dogecoin’s heels, it is one of the altcoins to watch. Meanwhile, DTX Exchange (DTX) crossed the $7 million fundraising milestone, becoming the best presale. Industry experts believe its blend of TradFi and DeFi makes it the best new crypto to invest in.
DTX Exchange (DTX): A New Exchange-Based Token to Watch
DTX Exchange (DTX) checking off several boxes makes it one of the new DeFi projects to watch out for. It takes a different approach to trading by combining the best elements of centralized and decentralized exchanges—it couldn’t be more innovative. Its hybrid trading platform and governance features are at the heart of its appeal.
The presale kicked off months ago and is quickly approaching its debut. It is in the fourth round and the token is underpriced at $0.08. The rising interest in this DeFi project is evident in the early funding surpassing $7.1 million. Given its future transformation of the $10 billion global trading space, its value could jump by over 25% by December, set to outperform Cardano (ADA) and Shiba Inu (SHIB).
Its primary objectives include financial inclusion, enhanced security, advanced trading tools, accessibility and improved liquidity. It aims to bridge the gap between crypto and the traditional financial landscape by providing access to over 120,000 asset classes and facilitating trades directly from crypto wallets. Meanwhile, tools and features like on-chain analytics, trading bots and copy trading will empower users to become the top 1% of traders.
Cardano (ADA): Can it hit $1.5?
Cardano (ADA), a provider of DeFi solutions and services, has been one of the biggest winners this month. Bitcoin recording as many all-time highs in days signals the start of a bull run, with ADA at the forefront.
The Layer-1 token skyrocketed 80% on the weekly chart, also gaining over 50% against Bitcoin (BTC). The Cardano price is also up by 70% on the monthly timeframe, changing hands above $0.59. The coming days promise even more gains, making it one of the altcoins to watch.
A bullish key indicator highlights that the altcoin price is trading above the 10-SMA, $0.424. The Cardano (ADA) price also retails above the 10-EMA ($0.460), another buy signal. Meanwhile, a crypto analyst predicts it is “sitting way too low” behind its old ATH, suggesting an easy rally back to $1.5.
Shiba Inu (SHIB) Targets Further Upswings
Shiba Inu (SHIB), the leading dog-themed memecoin on the Ethereum blockchain, is among this month’s biggest highlights. It exploded, returning to the top 10 and leaving investors excited. Signaling the start of a new meme craze, its outlook is bullish.
Following a rise in interest, the Shiba Inu coin looks bullish on the monthly level—a 45% upswing. The Shiba Inu price gained over 50% in the past 7 days, changing hands above $0.000026. With its run just starting and plenty of room for growth, this might be one of the best cryptos to invest in.
A strong bullish indicator is the SHIB price above the 10-EMA ($0.00002103). It also retails above the 10-SMA ($0.00001985), hinting at further upswings. As it continues its bullish trend, $0.00003710 and $0.00005685 have been identified as the next price targets.
Is DTX Exchange (DTX) a New DeFi Project to Watch Over Cardano (ADA) and Shiba Inu (SHIB)?
As a low-cap gem and an emerging cryptocurrency, DTX Exchange (DTX) has more room for growth than Cardano (ADA) and Shiba Inu (SHIB). Moreover, its hybrid trading platform and blend of TradFi and DeFi make it a must-have.
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