The US election sparked huge volatility. Aiming to make the most of the upcoming bull run post-election, top analysts recommend betting on DTX Exchange (DTX), a new altcoin at the crossroads between TradFi and DeFi.
It is hailed as a strong contender against top altcoins like TRON (TRX) and Cardano (ADA), given its solid fundamentals as the first hybrid trading platform. It will represent the best of the worlds of centralized and decentralized exchanges, not forgetting its significant upside potential as a low-cap gem.
DTX Exchange (DTX): A Must-Have in Any Portfolio
DTX Exchange (DTX) is a new altcoin to bet on in the year’s final quarter. The huge participation in its initial coin offering (ICO) earns its praises of the best presale, gearing up to shake the crypto market, having already been pre-listed on CoinMarketCap.
The presale raising over $6.7 million is a vote of confidence in its potential. Moreover, a token is ridiculously undervalued at $0.08 in the fourth round, providing a low entry to potential life-changing gains. It is set to explode over 6,500%, according to top analysts, making it a must-have ahead of TRON (TRX) and Cardano (ADA).
Its hybrid trading platform, hailed as a trailblazer, will combine elements of CEX and DEX and encourage the trading of assets across TradFi and DeFi like stocks, bonds, ETFs, forex and cryptocurrencies. In addition to its solid fundamentals, it will have tangible use cases like payments, premium feature access, participating in tokenized assets, staking and governance—a strong contender in the $3.2 billion global trading market.
TRON (TRX): Eyes on a New Peak
The Layer-1 altcoin TRON (TRX) is one of the best altcoins. The DeFi platform assists with creating decentralized applications. Some of its competitive advantages include low transaction costs and fast transaction speed—a favorite destination for developers.
It nosedived after the recent bounce, plummeting over 3% on the weekly chart. The TRON price is above $0.16, aiming for a new peak by surpassing the 2018 ATH of $0.3. While the current market condition is volatile, the coming weeks promise sustained bullish traction.
Key indicators like the exponential moving average (50), which is at 0.1589 and the simple moving average (50) at 0.1586 suggest further gains. This puts TRON (TRX) on investors’ radars—one of the altcoins to watch.
Cardano (ADA): $1 Before the Year’s End?
Cardano (ADA), another popular DeFi platform, is one of the most frequented destinations. The Layer-1 blockchain platform facilitates the creation of dApps (decentralized applications), contributing to its ascent as one of the top altcoins.
While it was down over 4% in the past week, it shot up on the daily charts. The Cardano price hovers above $0.34, inching closer to a breakout above $0.4. Meanwhile, top analysts predict a rally above its March high of $0.77, potentially hitting $1 before the year’s end.
The conclusion of the US election might serve as a bullish catalyst for Cardano (ADA), alongside other technical indicators. These include the MACD Level (12, 26) at 0.003 and the Simple Moving Average (10) at 0.345, which are bullish signals.
Conclusion
Given DTX Exchange’s (DTX) blend of DeFi and TradFi, it is set to be at the forefront of the global trading market. Besides its impending adoption, its upside potential as a low-cap gem makes it a more compelling alternative to top crypto coins like TRON (TRX) and Cardano (ADA).
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