Cardano-Competitor Raises $2.7 Million from SOL Whales as Traders Eye 10x Returns

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Cardano (ADA) is one of the prominent cryptocurrencies in the world, positioned 10th in the market.  In the rally of 2021, Cardano gave investors enormous returns, but after falling from the top, it has not been able to regain the $1 level. This disappointing performance has made investors find another opportunity that can replicate the growth of Cardano (ADA).

Solana (SOL) whales are pouring money into a high-growth coin that can challenge Cardano (ADA). We are talking about the first hybrid exchange, DTX Exchange (DTX), which reached $2.7 million in the third stage of the presale. SOL whales bought $150k worth of DTX tokens, helping its target of $3 million by the end of September.

Cardano (ADA) Founder Reacts On Token Correlation

A recent post on X revealed that the Bitcoin wallet could directly regulate a smart contract running on Plutus V3. This progress is important because Bitcoin users can now send ADA tokens and even stake in any Cardano (ADA) pool without getting a new wallet. Cardano (ADA) founder Charles Hoskinson reacted to the news by sharing a surprising GIF. 

Being well-known for his strong belief in the efficiency of technology, Hoskinson will keep pushing Cardano (ADA) in the right direction in the long run. In a recent statement, he questioned Bitcoin’s long-term survival potential. Cardano (ADA), once accused of being centralized, has seen that perception shift with the recent Chang hard fork deployment on the mainnet.

Solana (SOL) Joins Travala’s Crypto Travel Ecosystem

Travala announced on Saturday, the 9th that the company has successfully entered into a partnership with the Solana blockchain at the Solana Breakpoint conference in Singapore. Under this agreement, customers can pay hotel reservations and flight tickets through Solana’s native token, SOL, and stablecoins like USDT and USDC.

As part of this integration, Travala will offer SOL travel rewards to loyalty program members and launch its AVA token on Solana. Travala CEO Juan Otero acknowledged Solana’s low cost and scalability, finding that stable action and creativity characterize the Solana ecosystem. 

Traders And Investors Eyeing Multifold Return In DTX Exchange (DTX)

The cryptocurrency market always gives higher valuations to projects with great fundamentals, and DTX investors have known this from the start. From stage 1, the DTX token has appreciated 200%, and according to expert investors, this is just the starting point of the rally. Notably, this growth came when the market was in correction while other coins were bleeding; DTX continued its growth story.

DTX Exchange has grown steadily, providing new and efficient options for traders. The service offers its clients easy and secure trading as a guarantee of a zero-commission fee, which gives them the potential to secure higher profits, especially in markets with high volatility.

DTX’s hybrid trading model is one of its most eye-catching features, as it combines aspects of a centralized and decentralized exchange. Using this protocol, investors can take the opportunity to invest in over 120,000 asset classes and be sure of getting the best prices and fast transactions, often as quickly as 0.04 seconds. Traders are also encouraged by the platform with leverage of up to 1000 times, making the platform even more attractive.

DTX Exchange has been thoroughly inspected, and its smart contracts and processes have been validated by the firm for security and compliance. It also ensures the safety of investors’ privacy with the existence of mysterious transactions through the absence of confirmation of identity.

Learn more: 

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Source: https://finbold.com/cardano-competitor-raises-2-7-million-from-sol-whales-as-traders-eye-10x-returns/