Initial Coin Offering (ICO), a token distribution mechanism, is widely embraced in the crypto scene. Popularized by Ethereum (ETH), with Binance Coin (BNB) following suit, DTX Exchange (DTX) is on the list of projects gearing up to launch with an ICO.
It is tipped to mirror BNB’s parabolic run post-ICO, overtaking top crypto coins like Cardano (ADA). Its unique narrative—a hybrid exchange platform—and astounding upside potential make it a new DeFi project to watch out for.
DTX Exchange (DTX), one of the most promising players on the investment block, is gearing up to shake up the crypto world. Its early performance has been likened to that of Binance Coin (BNB) during its 2017 ICO, set for a similar parabolic run. With over $4.1 million raised in early funding, early investors are making a strong case for it being this year’s best presale.
The ICO is in the fourthround, hailed as the next crypto unicorn. Heavily discounted, a token costs only $0.08, presenting a low entry point to what has been termed the future of trading. Meanwhile, industry experts tip it for a 75x upswing after its debut, making it a compelling alternative to the “tired” Cardano (ADA).
More than just the gains, its solid fundamentals as a hybrid exchange platform will reshape the $10 billion global trading market. Its proprietary unified Layer-1 blockchain will integrate conventional financial instruments with Web3 products—a blend of TradFi and DeFi. By building a one-stop platform for trading over 120,000 asset classes, DTX is set for massive adoption.
Binance Coin (BNB), a top-5 ICO, was among the most successful ICOs. The ICO price was $0.15 in 2017 and at the current price of over $560, early investors made staggering gains. Its real-world application as an exchange-based token—at the heart of the world’s largest centralized crypto platform and BNB Smart Chain—is behind its growth.
According to CoinMarketCap data, the value of the BNB coin increased by over 580000% since its 2017 all-time low. In the past 7 days, the BNB price jumped by 3.5%, changing hands at $562. With plenty of room for growth, considering it is 20% below its $720 all-time high, it is one of the best coins to invest in.
Meanwhile, the rest of the year promises to be bullish for the exchange-based token. It is on course to jump above $1,000 before the year’s end, positioning it among the altcoins to watch out for.
Cardano (ADA) ranks among the top altcoins and plays a key role in the crypto landscape. The Layer-1 blockchain platform assists with creating decentralized applications (dApps) and stands out thanks to its on-chain governance model.
After the initial scare, Cardano (ADA) gains momentum. An uptrend unfolds on the daily charts—perhaps the start of a big jump. Bitcoin (BTC) regaining $65,000 will be bullish for the overall crypto market, ADA included.
With a token priced at $0.34, ADA offers a good entry and modest gains. A top analyst suggests the Cardano price could hit $1 before the curtain closes on the year, placing it on the list of the best cryptos to invest in.
Given its hybrid approach to trading—a blend of TradFi and DeFi—DTX Exchange (DTX) is on course to mirror the parabolic run of Binance Coin (BNB) post-launch. Its significant growth prospects make it a more compelling alternative to Cardano (ADA).
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.