When the cryptocurrency markets are going through rough seas, investors are exploring new opportunities to make extra profits. Long a benchmark for innovation and stability, Cardano (ADA) is a leading Layer 1 blockchain. However, Cardano traders are switching to a newcomer to the hybrid blockchain world. DTX Exchange (DTX) is set to be a viable competitor to the Layer-1 space, with a rumored listing on Binance.
As the speculation continues, the eyes are on DTX Exchange (DTX), a new hybrid trading platform that pairs the best of CEX and DEX exchanges. DTX is built on its proprietary VulcanX Layer 1 blockchain, on which it intends to redefine trading by making it seamless to integrate traditional financial assets with blockchain technology. Being a feature-rich decentralized ecosystem, it is a viable competitor to Cardano and many other established Layer 1 ecosystems.
The ongoing ICO of DTX Exchange has been making a lot of noise as well. It has raised early funding of over $11.2 million, which speaks well about investor confidence. The DTX token, in the 7th presale round, trades at the price of $0.14. DTX Exchange is expected to grow after its launch, with experts predicting a 30x increase once the DTX token gets listed on Binance.
ADA is currently trading at $1.09 and is showing some resilience in the face of market volatility. After increasing by 300% in the previous bull run, ADA has faced volatility. But the question remains: Can this performance be matched by the rising contender DTX Exchange?
A darling of the institutional and retail investor community, Cardano (ADA), a running champion of the Layer-1 blockchain, is regarded highly by all players looking for solid returns. The many improvements to date — such as on-chain governance and increased scalability — have boosted its robust ecosystem and put it among the top 10 cryptocurrencies by market capitalization.
One of the main strengths of Cardano (ADA) is its ability to be resilient in uncertain markets. However, there are emerging players, such as DTX Exchange, that can provide traders with a new angle on high growth opportunities. DTX has a 30x upside projected upside once the launch on Binance; with early-stage growth potential and an innovative approach, DTX Exchange is the platform to watch.
Use the promo code BLAST for a 100% bonus on the DTX Exchange:
The content featured on Coinpedia's press release page is provided for informational purposes only. Coinpedia does not endorse, verify, or take responsibility for the accuracy, completeness, or reliability of any press releases or associated materials. Any views, opinions, or statements expressed in these press releases are those of the respective issuers and do not reflect the opinions or positions of Coinpedia. Coinpedia is not liable for any content, products, services, or actions mentioned in the press releases. Readers should independently verify the information before taking any actions related to the subject matter of the releases.
Justin Sun, a serial entrepreneur with a keen focus on blockchain technology and the web3…
Bitcoin (BTC) price has recorded a new all-time high (ATH) of about $112,000 on several…
Pump.fun, a top-tier memecoin launchpad on the Solana (SOL) network, has confirmed the schedule of…
XRP price has witnessed a sharp upward movement in recent sessions, driven primarily by a…
Hester M. Peirce, a commissioner of the United States Securities and Exchange Commission (SEC), has…
The tech-savvy crypto community is abuzz with talk of Ruvi AI (RUVI), a token that…
