Searching For The Next Big Utility Token: Cardano and Polkadot Cannot Pump 100x This Cycle
In the ongoing correction, Bitcoin dropped down to $95 K,su from its recent high peak of $102K. Market experts are calling this a temporary consolidation as markets are set to rise after the presidential inauguration, and current SEC Chair Gensler will eventually step down in late January.
While well-known coins like Polkadot (DOT) and Cardano prices have experienced significant drops, market analysts believe this is just a profit booking and consolidation phase for another bull cycle, which should resume by the weekend or, at the latest, by mid-January.
Investors in these two altcoins, Polkadot (DOT) and Cardano (ADA) are also preparing for what will happen next. As savvy investors, it is best to be prepared for further drops, as the markets can always surprise us. There is an opportunity for 100x growth in other new projects.
The new trading altcoin DTX Exchange has enormous upside potential and is impressing market watchers with its presales performance. Experts forecast that investing early in this project can yield 1000% price gains once it launches.
Cardano Price Drops 14% To Stabilize Under $1
Cardano (ADA) is one of the top crypto coins in the industry due to its strategic technicals, high standards, and quickly evolving ecosystem. Since mid-December, Cardano price has been hit by adverse news, as well as deep profit-taking by investors, which has hampered ADA performance.
Source: CoinMarketCap
Cardano price is currently down 14% in the daily charts as it lost momentum and dropped from $ 1.14 yesterday to $0.97. However, the technical and market news are all positive, and Cardano’s price should return to positive movements. Double-digit gains are all investors should be anticipating.
Polkadot (DOT) Loses 28% Value Over The Month
Polkadot (DOT) saw a sharp drop of over 28% in the monthly charts as its price dropped from $9.69 to a low of $6.12 before regaining some ground. Polkadot (DOT) is currently trading at $6.86. Community sentiment is bullish, while market volume is up by 70% to $600.12 million while the market cap is down 12% to $10.53 billion.
Source: CoinMarketCap
While Polkadot (DOT) is set for price growth based on solid technical, it is not expected to show parabolic growth, and stable, double-digit growth is the most that can be expected. For maximum upside potential, investors will have to pick up the DTX Exchange presales.
DTX Exchange: Hybrid Trading Magnificence
DTX Exchange (DTX) is an altcoin that has captured the attention of Polkadot (DOT) and Cardano (ADA) traders with its bullish narrative and significant growth potential. DTX is gradually picking up a set of investors who want to recoup their holdings in this ongoing bearish phase. DTX Exchange (DTX) has already raised early funding of $11.5 million, and its token is available for a steal price of $0.14 in its seventh presale round.
With this low price, early-stage investors earned over 600% in just a few months of presale activity. Experts believe that these could be doubled as the project could gain 1000x momentum when it launches in 2025.
Conclusion
Industry experts predict that the soon-to-launch DTX Exchange will give solid competition to both Polkadot (DOT) and Cardano prices. Both of these coins have seen great profits in the past but seem unlikely to be able to give DTX Exchange competition for high growth.
To know more about the DTX Exchange ecosystem, Check out:
| Disclaimer: The text above is an advertorial article that is not part of Coincu.com editorial content. |
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