Cardano (ADA) and Near Protocol (NEAR) have exhibited tremendous gain this week with both coins rising exponentially. The price actions of both Cardano (ADA) and Near Protocol (NEAR) have been up ticking constantly, with prominent green candles holding the price charts.
However, whales from these coins now start moving to this DeFi marvel- DTX Exchange. Analysts predicted the dumping of ADA and NEAR will now cause a surge in investment in Uniswap (UNI), yet DTX outshines UNI as the whale influx is directed towards DTX!
Developer Creates A Tool To Bridge Cardano (ADA) and Bitcoin
A developer for Bitcoin going by the handle Elraulito has revealed a workaround for the interoperability issue by building a bridge between Cardano (ADA) apps and Bitcoin. A Plutus V3 smart contract that the developer published will allow dApps in the Cardano (ADA) ecosystem to interface with Bitcoin wallets.
Users will be able to communicate with tokens and transact using Cardano (ADA), thanks to this upgrade. Charles Hoskinson, the creator of Cardano (ADA), expressed disbelief at the news and expressed dismay at the new cross-chain link. In other news, the 200-SMA ($0.463062) and 50-SMA ($0.348181) are where the Cardano (ADA) currency is trading.
The altcoin has seen 18 green days in the previous 30 days, which is highly encouraging. According to WorldOfCharts1, the price of Cardano (ADA) could reach $0.8000 in 2024. According to the analyst, the token has broken out and may soon return to $1.
Near Protocol (NEAR) Surges By Another 7%
Near Protocol (NEAR) is centered on scalable and effective decentralized applications. By 2025, Near Protocol's exclusive sharding method, Nightshade, will have greatly accelerated transaction times.
This feature draws in developers who are keen to create feature-rich apps. Founded by Illia Polosukhin and Alex Skidanov, Near Protocol raised more than $20 million from prestigious venture capital firms.
Its potential is demonstrated by this funding. Additionally, Near Protocol provides the Rainbow Bridge, which makes Ethereum token exchanges simple. Moreover, Near Protocol's robust infrastructure makes it an intriguing option for astute investors as interest in cryptocurrencies increases.
The platform has surged exponentially as the bulls take complete control of its price actions. Near Protocol has surged massively since 23rd September. The current session shows a massive increase of over 7%. Yet the Near Protocol whales dump the token to shift to DTX!
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
Uniswap (UNI) Falls By 7%
Uniswap's price has dropped significantly during the last week, to $6.47. Given this downward momentum, Uniswap may retest the $5.73 support level. On the other hand, UNI may challenge its resistance level at $7.70 if the market sentiment changes.
Important advancements in the decentralized finance (DeFi) space and its ecosystem, according to analysts, might drive up the price of Uniswap, bringing it closer to $10 by the end of 2024 if favorable market conditions persist. The price actions of Uniswap have compelled the ADA and NEAR whales to shift to the DTX Exchange, leaving the market experts in a state of shock!
DTX Exchange: A Community Favorite!
The hybrid trading platform, DTX Exchange, has succeeded in outperforming various crypto giants like Cardano (ADA), Near Protocol (NEAR), and Uniswap (UNI). The goal of DTX is to support traders in the crypto space, regardless of whether they are dealing in crypto tokens. The DTX platform offers trading options beyond only crypto coins.
For stock traders, there are equity instruments such as shares and bonds; for forex traders, there are foreign currencies and currency pairs. The goal of DTX Exchange is to build a hybrid blockchain that will allow traders to manage their portfolios using a single interface and take a stake in all three marketplaces.
When it comes to trading tools, DTX provides analytical tools to help, particularly when making judgments in real time. But things won't stop there. Social media and copy trading elements will be available to new traders as educational resources. With these, individuals can use their trading methods, observe the pros on the platform, and become knowledgeable about the workings of the market.
The token’s launch is expected to bring excitement to the DTX Exchange. Analysts suggest securing investment in DTX and becoming a part of the expanding community. The DTX public presale is 47% of the way through Stage 3, and as it progresses to Stage 4, the value of the DTX tokens will increase. Currently trading at $0.06, DTX is set to reach $0.12 at launch.
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