The market’s love for psychological levels, like $1 or round figures simplified to the nearest whole number—$10, $20, or $50—is unmatched. These levels are typically support or resistance. In the race to $1 are Cardano (ADA), Ripple (XRP) and DTX Exchange (DTX).
While ADA and XRP are top altcoins, the years-long bear cycle has pushed them below their all-time highs. Meanwhile, as an emerging cryptocurrency, DTX is expected to go on price discoveries upon its launch, with many betting on the top ICO ahead of established players.
DTX Exchange (DTX): Significant Upside Potential More Than ADA and XRP
DTX Exchange (DTX), a new altcoin with no bull market history, is gearing up for an exciting ride. Its appeal centers around novelty and growth prospects, pushing the presale past $2.7 million in the third round. This suggests confidence in its potential; it will be crucial to its ascent post-launch.
A token is priced at $0.06, providing a good and low entry point ahead of Cardano (ADA) and Ripple (XRP). This explains why investors are betting on DTX ahead of top cryptos. Meanwhile, given its significant growth prospects, analysts anticipate a 50x upswing after its debut, rocketing past $1.
Another layer of its appeal is its impending transformation of the $3.2 billion global trading market. By standing at the crossroads between TradFi and DeFi, DTX will represent a one-stop platform where asset classes like stocks, cryptos, bonds and ETFs can be traded. Other key aspects of the protocols are smart contracts, an on-chain order book and distributed liquidity pools.
Cardano (ADA): A Retest of Levels Last Seen in 2022?
Cardano (ADA), a DeFi protocol, is a top 15 cryptocurrency—its strengths and weaknesses. Per the former, it boasts market dominance as one of the top crypto coins, attracting the attention of institutional players. On the flip side, it has limited room for growth as a top altcoin.
In the past 30 days, the Cardano price nosedived 10%, exchanging hands at $0.35. Since the March high of $0.77, there has been a notable decline, with many fearing it might not retest the $1 mark.
The last time Cardano (ADA) traded above this level was in April 2022. But will there be a repeat of these price actions? While many are pessimistic, a bullish Cardano price prediction hints at a jump above $1 at the peak of this bull run. While this might seem like a long shot, ADA remains a good crypto to buy.
Ripple (XRP): An Altcoin to Watch
After the initial market bounce, Ripple (XRP) has returned to the downside. It trades 2% below its daily high, hovering around the $0.58 mark. In the past 30 days, the XRP price tumbled 4%, retesting old supports.
Amid this, the question on the minds of many is, “Will XRP trade at $1?” It last traded at this level in May 2021. Following the lengthy legal battle with the US SEC, it nosedived and lost critical price levels.
However, with a final judgment given—a $125 million fine—XRP is back on a bullish track. An XRP price prediction suggests a jump past $1 before the curtain closes on the year or in the first quarter of 2025. Given its anticipated rally, it is among the best coins to invest in.
Conclusion
In the race to $1, DTX Exchange (DTX) is more positioned to cross this mask first ahead of Cardano (ADA) and Ripple (XRP) considering its novelty. Investors are typically drawn to new and shiny altcoins and a solid one like DTX is set for massive growth and adoption. To become an early adopter of the hybrid exchange protocol, check out the presale.
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