The ADA token from Cardano has seen a significant surge as its price now attained $1.01 up 40% over the last week. This upward momentum of ADA bodes well and moves the token stakes up closer to significant resistance levels where a majority of investors will ponder if the token is capable of retesting its 2021 peak of $3.10.
Still 65% down from its all-time high, altcoins DTX Exchange (DTX) and Fantom (FTM) are showing solid signals for profits.
Cardano (ADA): Testing Critical Resistance Levels
The waves are coming; Cardano (ADA) is making waves in the crypto space. The token is trading above $1.05 which marks a 2% gain over the past 24 hours. The bullish action puts ADA just close enough to its next key resistance at $1.12. This level has been historically a strong barrier, and it took some heavy energy to break through.
If ADA is to revisit the all-time high $3.1, it has to breach multiple resistances including $1.4, $2.2 and $2.8 with investors remaining cautious, yet optimistic. Whether Caedano can break through these challenges will be determined by the continued developments of Cardano’s ecosystem, especially the scaling upgrades and dApp integrations — including the upcoming sidechain upgrade.
On top of that, Cardano has seen renewed interest from institutional investors, which has led to an increase in the uptrend. Still, conditions in the broader market and competition from other emerging projects are likely to play down these expectations. ADA is a token to follow for now, at best, having a long way to go to make up for last year’s glory.
Fantom (FTM): The DeFi Powerhouse Gaining Traction
Fantom (FTM) has been solidifying its position in decentralized finance—known as the DeFi ecosystem—very fast. FTM is still trading strong at $0.97, with a 7% gain over the last 24 hours. Fantom has speed and efficiency at its core, where speed is gained through its unique Lachesis consensus mechanism that differs significantly from the focus on scalability and rigor of Cardano.
Due to high throughput and near-instant finality, the FTM blockchain has proven to be a developer favorite for building DeFi platforms. Therefore, Fantom’s ecosystem has exploded in growth since it has had lots of partnerships and integrations. This robust development has helped cement FTM as the go-to solution for developers and users looking for lower transaction costs and quicker settlements.
DTX Exchange (DTX): Redefining the How Assets Are Traded
DTX Exchange (DTX) is a hybrid exchange which merges the best qualities of both centralized (CEX) and decentralized (DEX) trading. Its proprietary hybrid Layer 1 blockchain combines Web3 technologies with the traditional financial mechanisms to revolutionize the billion-dollar global trading market.
With a stunning $8.6 million raised in presale, DTX Exchange (DTX) is about to go mainstream. Starting from a price of $0.01, DTX tokens have experienced a 10x increase over the last four presale stages.
Currently, with trading at $0.10, over 70% of the DTX tokens in the 5th stage have been sold out. Investors will experience a 20% increase when the DTX Exchange approaches the next stage, increasing to a price of $0.12 per token.
Early backers have a chance to join with a 100% bonus on the DTX Exchange if they use the promo code “SELLSTAGE” at checkout.
Retail and institutional investors have taken interest in this ambitious project. Given the potential price tag of $1 at launch, early investors are set to see a 100x increase from its initial price of $0.01 per DTX token.
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