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Home»DeFi»Analysts See Solana (SOL) Above $500; Cardano (ADA) at $8? Experts Say to Watch This New DeFi Token for a 55X Gain
DeFi

Analysts See Solana (SOL) Above $500; Cardano (ADA) at $8? Experts Say to Watch This New DeFi Token for a 55X Gain

November 24, 2024No Comments4 Mins Read
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The coming weeks could be the most explosive in crypto in recent times. As a new season prepares to kick off – BTC dominance must first wane – analysts see Solana (SOL) above $500. Meanwhile, Cardano (ADA) has peaked and is expected to hit $8 this cycle.

DTX Exchange (DTX) is also on the radar of experts. This emerging cryptocurrency stands out for its intersection between DeFi and TradFi – a bridge between crypto and the traditional financial system – and its intriguing mix of CEX and DEX. Poised to skyrocket, it has been hailed as the best new crypto to invest in.

DTX Exchange (DTX): A New DeFi Token to Watch for Huge Gains

DTX Exchange (DTX) is an emerging cryptocurrency with largely unparalleled potential. As an emerging crypto, it has more room to grow than major crypto coins like Solana (SOL) and Cardano (ADA), an instant favorite among savvy investors.

The presale sold out quickly, pushing the initial funding past $8.3 million. It is massively undervalued at $0.10 in the fifth ICO round, brimming with potential. Meanwhile, industry experts are predicting a 55x rally after going live on Tier 1 exchanges, positioning it as the best crypto to invest in.

Its strong fundamentals – a hybrid trading platform – are also at the heart of its appeal. It will combine the best features of centralized and decentralized exchanges, with the aim of transforming the $10 billion global trading scene. As it prepares to tackle challenges such as financial exclusion and global inaccessibility to markets, its innovative solutions will include wallet-based trading, asset tokenization and bridging the gap between TradFi and DeFi.

Solana (SOL): can it cross $500 this bull cycle?

Solana (SOL) became the fourth largest cryptocurrency after flipping Binance Coin (BNB). It is second on the list of altcoins after Ethereum, excluding stablecoins. Having had a remarkable month, Solana price has exploded by 45% in the last 30 days. It is up 10% on the weekly chart, moving above $235.

The coming weeks promise even greater gains, supported by key technical indicators such as MACD (12, 26), 10-EMA and 10-SMA. Positive price predictions from experts also paint a bullish picture, placing it among the best altcoins to invest in.

According to thabullmaster, a crypto analyst, Solana (SOL) has formed a bullish chart pattern. They went on to state that a breakout would push the altcoin to $286 in the near term – a new ATH. Meanwhile, Baskitchbrah’s SOL price target for this bull cycle is between $420 and $690.

Cardano (ADA): $8 soon?

Cardano (ADA) is one of the biggest gainers in recent weeks. It has reached a high level, attracting market interest. Cardano price soared over 120% on the monthly chart and 40% on the weekly timeframe, selling above $0.8.

Its next jump will likely push it above $1, putting it on the list of altcoins to watch. Meanwhile, ADA price trading above the 10-EMA ($0.7) and 10-SMA ($0.69) are bullish indicators that suggest further upside. With current price movements and expert forecasts hinting at a rally above $8, this is a promising wave not to be missed.

Todayimcraziest, a crypto analyst, has $4 as his minimum target. Citing a bull market and growing appetite from whales and institutions, $8 is their “valuation.” In the short term, Crypto Jaibrah, another analyst, highlighted a Cardano breakout from a massive double bottom pattern on the 3-day chart, potentially hitting $1.35.

DTX Exchange (DTX) joins the list of Altcoins to watch alongside Solana (SOL) and Cardano (ADA)?

DTX Exchange (DTX) is a new altcoin at the crossroads between DeFi and TradFi. Its fascinating blend of the best elements of CEX and DEX – a hybrid trading protocol – paves the way for massive adoption and growth. On the verge of exploding, it is one of the tokens to watch alongside Solana (SOL) and Cardano (ADA).

Learn more:

Buy in presale
Visit the DTX website
Join the DTX community



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