It is the final quarter of the year and the search for solid and promising altcoins continues, perhaps intensifying. Capturing market interest is DTX Exchange (DTX), a DeFi token that converges with TradFi. Its hybrid trading platform stands at the intersection between traditional and decentralized finance while blending elements of CEX and DEX.
Given its novelty, it has been tipped to outpace Cardano (ADA). Moreover, industry experts have been betting on it over Chainlink (LINK), considering its innovative approach to trading, low entry and significant upside potential.
DTX Exchange (DTX) is the latest altcoin sparking excitement among investors. Hailed as a trailblazer, it takes a unique approach to trading, which involves combining the best elements of centralized and decentralized exchanges. Additionally, its Layer-1 unified blockchain will integrate conventional financial instruments with cutting-edge DeFi products.
Its advanced tokenomics is another factor fueling demand. Built on the Ethereum blockchain—an ERC-20 token—it has a total token supply of 475,000,000. 50% of the token supply will go into presale, with everybody getting a fair chance to become early adopters: 20% to the company reserve, 13% to the ecosystem development and the rest to airdrops, advisors and the team.
The estimated launch price is $0.20, making it a good crypto to buy at the current price of $0.08 in the fourth round. This is besides the projected 55x gain after launch, poised to overtake Cardano (ADA) and Chainlink (LINK).
Cardano (ADA), one of the top altcoins, is among the best cryptos to invest in. Thanks to its leading status and institutional appetite, it has traded upward several times this year. Moreover, as a DeFi platform and a governance token, there is actual demand for Cardano (ADA).
However, its performance in the past few weeks has been underwhelming. The Cardano price plunged over 5% on the monthly chart, changing hands above $0.33. It nosedived from a weekly high of $0.37, with experts anticipating further declines.
Meanwhile, TradingView’s awesome oscillator indicator is at −0.004, suggesting “sell” due to further downswings, the same thing as the simple moving average (10), which is at 0.344 and suggests a further price slump.
Chainlink (LINK) introduced Oracle networks into the crypto scene. It enables universally connected smart contracts through a decentralized oracle network that allows blockchains to securely interact with external data feeds.
Without a doubt, Chainlink (LINK) plays a vital role in the crypto scene, but its performance this year has been poor. The Chainlink price is down over 4% on the yearly chart, tumbling from a high of $21 to changing hands above $10. Moreover, in the past 30 days, it is down over 3%, suggesting declining interest.
A TradingView indicator like the MACD level (12, 26), which is at −0.058, is a bearish indicator. Additionally, the simple moving average (100) at 11.150 is a sell signal. Nevertheless, analysts believe the final quarter will be bullish for Chainlink, placing it on the list of altcoins to watch out for. The price is also in an attractive zone.
DTX Exchange’s hybrid approach to trading is on track to reshape the $10 billion global trading market, making it a top crypto to invest in for substantial ROI. Considering its imminent adoption, it is a promising wave not to miss, tipped to overtake Cardano (ADA) and Chainlink (LINK).
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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.