Top investment firm Grayscale has filed for a Cardano ETF, causing an uproar in the crypto market. Analysts expect the Cardano price to skyrocket in the coming weeks. However, experienced investors are searching for another gem that could replicate Solana’s performance in 2021.
At the top of their search is DTX Exchange (DTX), a relatively new player in the DeFi market. This DeFi coin has soared by 700% over the past few months, giving investors huge returns. Given its low market cap and growing investors’ interest, the price of DTX could soar by 20x in the months ahead.
Solana (SOL) Starts Uptrend, Analysts Set Potential Targets
With a monthly gain of 10%, Solana (SOL) is among the top crypto coins that are attempting to break out of the bearish pressure in the general market. The Solana price could be on its way to $250 if the uptrend lingers. Data from CoinMarketCap shows the Solana price has remained between $190 and $210 in the past few days.
This long period of consolidation could take the Solana price to test the major resistance at $220. A rejection at this level could trigger a Solana price drop to $190. Meanwhile, Ali Martinez notes the Solana price might rally to $387 if it remains above the lower boundary of a parallel channel.
Another analyst called ChartingGuy says the Solana price would have risen to $400 if SOL holders had not spent their coins on pump and dump memecoins. Crypto Patel predicts the Solana price may jump to $500 in the months ahead.
Cardano (ADA) Remains Negative As Grayscale Files For ADA ETF
Grayscale has filed to list an ADA ETF on the New York Stock Exchange. While the move received a lot of applause from the cryptocurrency community, the Cardano price is still below $1. However, CoinMarketCap data shows the Cardano price has increased by 13.0% on the weekly chart. The latest uptrend could push the Cardano price back to the $1 level.
A top expert called Ali Martinez noted that the Cardano price had tested a key support range at $0.67-$0.81. He argued that holding this keek could spark a huge uptrend in the coming weeks. Besides, the relative strength index shows that Cardano (ADA) is oversold. Hence, the Cardano price could soar to new levels soon. If the current upsurge remains, the Cardano price might skyrocket to $1 and then $2 in the long term.
DTX Exchange (DTX) Hybrid Nature Sparks Presale Success
DTX Exchange (DTX) presents a hybrid exchange that merges the benefits of both DeFi and CeFi trading platforms, where users can access a range of over 120k assets such as stocks, bonds, ETFs, and cryptocurrency. Meanwhile, DTX Exchange’s crypto ICO has gained massive attention. It had raised over $13.7 million and onboarded 600,000 holders.
Currently, in a presale phase, the DeFi coin price is expected to soar by 20x. The current price of $0.16 is a good steal for investors who want to grow their portfolios. One of the key highlights of DTX Exchange is the Phoenix Wallet, which is a custody solution that is suitable for various types of assets. It allows users to store different asset classes like stocks, cryptocurrencies, and forex.
DTX Exchange is also a beginner-friendly platform. It has a copy trading option that enable the users to copy the trading of experienced traders. This creates a platform that allows new traders to learn from the experienced ones, which can improve their performance in trading. With the integration of a wide range of tradable instruments and a decentralized wallet, DTX Exchange could become a unique trading platform for traders from all over the world.
Why DTX Exchange Stands Out From Other Altcoins
Although the ETF filing of Cardano is a major development, the real revolution could be the DTX Exchange. DTX has established itself as one of the leading players in the next wave of DeFi success due to its unique trading solutions, increasing number of users, and high presale results. For people looking for the next 100x opportunity, DTX Exchange is undoubtedly one of the best coins to invest in.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Buy Presale
Visit DTX Website
Join The DTX Community
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Source: https://www.livebitcoinnews.com/grayscale-files-for-cardano-etf-investors-uncover-coin-that-could-mirror-solanas-2021-surge/