This month has a history of explosive altcoin rallies and bull movements alongside high volatility. Cardano (ADA) is a prominent crypto facing a critical downfall after touching the upper neckline of $0.4 last week, leading investors to sell their holdings for other moonshot cryptos like Eigen Layer (EIGEN) and DTX Exchange (DTX).
Eigen Layer (EIGEN) has newly launched on exchanges after the team restricted token transfers in the first half of 2024. The project is considered one of the biggest due to its cutting-edge features and solution-oriented functionalities. Similarly, DTX Exchange (DTX) is also set to follow a similar discourse as the first ever hybrid trading platform, poised for massive gains after mainnet launch.
Cardano (ADA) Lose Steam With 9.4% Value Lost Overnight
Cardano (ADA) has disappointed its investors lately after displaying a massive downward spike, dropping to the $0.35 support level after end-September’s bull market. Despite the launch of Midnight Protocol testnet for developers, Cardano (ADA) token has lost 9.4% value overnight and continues to trend downward with high volatility.
This sudden reversal alongside the news of upcoming 37.06 million token unlock in October has led investors to carry a cautious attitude toward Cardano (ADA). RayTrader has predicted a huge downward swing for Cardano (ADA), potentially breaching the $0.25 support level in the upcoming weeks if the market fails to flip the bearish trends.
Eigen Layer (EIGEN) Secures Rank Into Top 100 After Launch
The crypto community is celebrating the launch of a unique altcoin Eigen Layer (EIGEN) after its token transfer restriction was lifted and its trade commenced on various exchanges. Eigen Layer (EIGEN) is a cutting-edge introduction to the crypto and blockchain sector, addressing the fundamental issues of universality, isolation, metering, and remuneration in its robust ecosystem.
Its bullish launch has led Eigen Layer (EIGEN) to secure a rank in top 100 cryptos by market capitalization and is expected to grab a big chunk of market share in the upcoming months. The market analysis of Eigen Layer (EIGEN) is bullish, and investors still have a chance to buy the crypto under a $ 1 billion market cap before it moonshots in the upcoming bullish market.
DTX Exchange’s Bullish $3.5M Presale Ready to Mint Millionaires
DTX Exchange (DTX) is one of the fastest growing crypto presales in 2024 as global investors see its potential as the upcoming biggest trading platform that features first-ever hybrid blockchain alongside end-to-end solutions no other exchange offers. The platform emerges with a competitive edge over gas-free trading and the addition of a 1000x leverage feature.
The exceptional presale performance of DTX Exchange (DTX) in batch 3 has led to investments flooding in after raising $3.5 million. DTX Exchange will pace up to top rankings with cutting-edge features, lightning-fast execution, advanced automation strategies, AI-integration, and quant & algo trading.
The power of the DTX Exchange (DTX) lies in its no-KYC approach, non-custodial wallets and updated regulatory framework. The DTX token is in high demand as 75% of the tokens are sold to 25,000 unique holders at $0.06. Investors are rushing to become early stakeholders in the best emerging deFi project, DTX Exchange (DTX), to secure 100x gains to $1 post-listing in 2024.
Key Takeaways
As Cardano (ADA) continues to lose investor confidence with its price downturn and uncertainty around the Chang Hard Fork, the crypto spotlight is shifting to DTX Exchange (DTX) and Eigen Layer (EIGEN) as the next big investments. EIGEN has already scored big after its launch, and the next in queue is DTX Exchange for bigger and better gains as the crypto market is bracing for an explosive shift in October.
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