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As the cryptocurrency market continues to experience a downturn, with giants like Solana (SOL) and Cardano (ADA) grappling with the declining prices, a surprising contender is emerging from the shadows. DTX Exchange (DTX), a rising star in the digital asset realm, is capturing the attention of investors with its groundbreaking features and a stellar presale performance.
While SOL's price recently soared to new heights, hitting above $220 in a robust bull market, the tables have turned dramatically due to the unfavorable market mood. SOL was trading close to its all-time high of $263 last week. However, as the market took a downturn, its value declined drastically.
Investors are now wondering if Solana can bounce back from this decline or go below the $150 mark. The SOL price is now trading at $197 as of the reporting time, indicating a decrease of more than 7% over the previous day. There has been continuous negative pressure on the cryptocurrency as it has been consolidating within a declining pattern.
At this point, a positive reversal may push the Solana token back above the psychological $200 threshold. On the downside, the Solana price may decline to its immediate support level of $190 if bears take over.
Meanwhile, Cardano's ADA also faced the brunt of the market sell-off as its price dropped by over 13% on Tuesday as Bitcoin fell below $100,000. This sell-off, which was not limited to Bitcoin or ADA, resulted in the liquidation of stakes valued at millions of dollars.
The ADA price is battling to maintain the psychological threshold of $1 without significantly impacting the positive market structure. Currently trading inside the $0.874 to $1.327 range, Cardano’s latest rise was unable to surpass the range’s midpoint at $1.100.
Even if the recent crypto market collapse was severe, ADA's market structure will still be bullish, unlike other altcoins, even if it declines another 10% to 12%. Investors are anticipating a flip of the midpoint of the range, which may occur as soon as Bitcoin stops declining.
They should take note that the cryptocurrency is bullish and ready to soar higher, even though the recovery could take some time.
In contrast to the market giants, DTX Exchange is on a roll with its presale, aiming to revolutionize the crypto market with its ambitious goals.
As the world's first unified exchange, DTX Exchange combines the strengths of both centralized and decentralized exchanges on a single platform. It will offer a diverse range of assets, including stocks, cryptocurrencies, bonds, ETFs, forex, and more. This eliminates the need for users to navigate multiple platforms for different assets.
Powered by its layer-1 blockchain, VulcanX, DTX Exchange boasts an impressive testnet speed of over 100,000 transactions per second (TPS) with a transaction time of 0.4 milliseconds, making it one of the fastest exchanges in the market.
Other innovative offerings include leverage up to 1000x, minimal slippage thanks to its distributed liquidity pool, a KYC policy regulation, ETF tokenization, the Phoenix Wallet, and more to be unveiled as we approach the official launch.
With its unique approach and a strong community, DTX Exchange is setting itself up for a promising future in the cryptocurrency market. To learn more about the DTX Exchange ecosystem, check out the following links:
Buy Presale
Visit Website
Join Community
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