The bulls continue to push, driving prices up. While Bitcoin (BTC) heads to $100,000, altcoins prepare for a breakout from the 2021 all-time high. Cardano (ADA) gains momentum, eyeing a rally above $2, while Shiba Inu (SHIB) takes a breather, gathering steam for its next leg up.
At the same time, DTX Exchange (DTX), a new altcoin at the intersection between DeFi and TradFi, skyrocketed. The presale sells out fast as the fundraising milestone hits $8.1 million. Given its low price and growth prospects, it might be one of the best cryptos to invest in.
DTX Exchange (DTX): $1 Before Year’s End?
DTX Exchange (DTX), one of the fastest-rising cryptocurrencies, stands out in the crypto scene. Unlike most, it stands at the crossroads between traditional and decentralized finance, aiming to bridge the gap between both worlds.
Its unique offering will be a hybrid trading platform. This trading model combines the best elements of CEX and DEX, aiming to address key challenges in the $10 billion global trading space. Some of its key aspects besides its hybrid model include distributed liquidity pools, smart contracts and an on-chain order book.
Equally important, it will be a one-stop trading platform to trade diverse assets across stocks, ETFs, commodities, bonds and cryptocurrencies. On track for adoption, the token priced at $0.10 in the fifth round positions it among the best new cryptos to invest in. Tipped for a jump above $1 after listing this year, it might be a more compelling alternative to top crypto coins like Shiba Inu (SHIB) and Cardano (ADA).
Shiba Inu (SHIB): Next Price Rally on the Horizon?
Shiba Inu (SHIB), one of the most popular cryptocurrencies, is a dog-themed crypto. It leads the Ethereum memecoin movement, highlighting its leading status. Following a period of rallying, the Shiba Inu price takes a slight dip—a 10% downturn.
However, on the monthly chart, it is on the upside, soaring above 30% and changing hands above $0.000024. Despite the recent downswing, key indicators point to a rally. The MACD level (12, 26) and the coin price trading above the 10-EMA are buy signals suggesting a bounce.
Moreover, crypto analysts are bullish on Shiba Inu (SHIB). A crypto analyst, mrAmgCrypto, showed the Shiba Inu price forming a bull pennant; $0.0008 is their short-term target. Meanwhile, Paper_hands92 has $1 as their SHIB price prediction for this cycle, called ambitious by many.
Cardano (ADA): Breakout Looms
The Layer-1 token Cardano (ADA) maintains its bullish momentum. It trades in tandem with the overall crypto market, outperforming most top altcoins. The Cardano price exploded over 20% in the weekly chart and 100% in the past month, retailing above $0.73.
On track for further gains, it is one of the altcoins to watch. The 14-day RSI and 20-VWMA are key indicators pointing to more upswings, positioning it among the best cryptos to invest in. At the same time, experts’ outlooks are bullish, as ADA aims for a breakout.
A Cardano supporter, Cardanogiel, believes ADA is on track to hit $3. Another analyst sees the Cardano price hitting $1 by December, $2.5 by Q1 2025, $5 by quarter two and $5 to $10 by the third quarter of 2025, placing it on the list of altcoins to watch.
DTX Exchange (DTX) to Skyrocket Alongside Shiba Inu (SHIB) and Cardano (ADA)
DTX Exchange (DTX) is one of the new ICOs quickly gaining traction. Its solid fundamentals as a new hybrid trading platform are one of its many attractions. Moreover, with plenty of room for growth as a low-cap gem, it might be a more compelling pick than Shiba Inu (SHIB) and Cardano (ADA).
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