As expected, Trump's election win has fueled the cryptocurrency bull rally, with BTC reaching nearly $90,000. Not only Bitcoin but Dogecoin has also gained terrific momentum, clearing the near-term resistances.
With recent news about the founder's involvement in crypto policy development, Cardano has also had a strong breakout. The third coin after DOGE and ADA is the DTX Exchange. Due to its rapid progress in recent months, DTX has become the main focus of crypto experts.
According to Coinmarketcap data, Dogecoin has increased over 150% in the last seven days, taking the market above $60 billion. On 9th November, DOGE had a market cap of around $30 billion, and in less than three sessions, it has doubled. The long-time discussion of whether Dogecoin will reach $1 now seems achievable due to the ongoing bull market.
The past supply and demand zones show that the DOGE has a local resistance at $0.447, with the next major resistance at the ATH level. If Dogecoin retraces to the downside, $0.34 is the next near-support level where demand can again come.
ADA founder Charles Hoskinson recently confirmed his new advisory role in shaping U.S. crypto regulations under a possible Trump administration. His aim is straightforward: to promote bipartisan crypto legislation that provides clear guidelines for the industry. This news sparked a 20% surge in Cardano price, reflecting strong market optimism.
ADA charts suggest that the Cardano price rally might be part of a larger, long-term upward trend. Previously, ADA broke out of a falling wedge pattern, and consolidation after the breakout signaled a potential bullish trend. The breakout in Cardano price aligns with increased buying activity, as strong investor interest drives ADA’s upward momentum.
Thousands of traders missed the recent run in the crypto rally because of the unavailability of solid infrastructure in decentralized trading platforms. In traditional crypto exchanges, investors have always feared hacks, thefts, and the possibility of funds locked in the platform. DTX Exchange has brought solutions to all these problems with its hybrid exchange, which has the features of traditional exchanges and the security and governance of decentralized exchanges.
DTX Exchange is a one-stop shop for traders, allowing trading in over 120,000+ assets, including ETFs, stocks, crypto, CFDs, etc. The cherry on top is the 1,000x leverage, which helps beginners and experienced traders.
DTX Exchange aims to modify the way of trading with better tools and higher efficiency, which helps traders achieve profitability and reduces their learning curve. DTX Exchange provides modern trading tools like quantitative and algorithmic trading and AI advice on market direction.
By embedding the important trading needs, DTX Exchange aims to become the go-to platform for passionate traders. It is currently in the presale phase, with price trading at $0.08. In the coming stages, the price will rise by $0.2 before the launch.
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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.