Cardano has joined the group of top gainers with a 75% increase in the last seven days. The momentum in the ADA price came after the breakout from the weekly consolidation above the resistance price of $0.37. Before topping out in 2021, ADA rose around 1,826%, multiplying the investor’s gains.
DTX Exchange’s price behavior is set to replicate the exponential gains of ADA, with the price rising at the end of the fourth stage. Analysts predict the DTX Exchange could increase by 75X after the presale concludes.
Cardano Founder Charles Hoskinson Aims to Influence U.S. Crypto Policy
The market cap of the Cardano ADA token shot above $20 billion after the outstanding momentum in the past week; Cardano has outperformed Bitcoin and other major cryptocurrencies. This spike followed founder Charles Hoskinson’s announcement of his plans to help shape U.S. crypto policy under the Trump administration, driving up speculative interest in ADA.
Cardano founder Hoskinson said, “I’m going to spend quite a bit of time working with lawmakers in Washington DC and administration members to help foster and facilitate crypto policy with other key industry leaders.” His remarks sparked a wave of excitement around ADA, likely fueled by his intentions to support U.S. crypto policy changes.
ADA’s price surge has pushed its daily relative strength index (RSI) to its highest “overbought” level of 85, signaling a massive surge in demand in Cardano. However, the vertical movement could cool off with some downside in ADA price.
Cardano Millionaire Says Bet In DTX Exchange Could Create Generation Wealth
Cardano millionaire who made around 1,500% return in the 2021 bull market and triple-digit gains in recent ADA move has booked profit is not aggressively investing in DTX Exchange (DTX). According to him, DTX presale is the cream of the ongoing bull market and a perfect opportunity for multibagger returns. The recent testnet launch attracted investors by successfully achieving the best speed in the industry.
The DTX Exchange’s highlights include many revolutionary features, such as diverse asset options, increased buying potential, and a community-focused approach.
DTX Exchange combines the features and benefits of CEX and DEX into one platform. This will offer traders increased options and efficiency in trading. Also, with this feature, DTX Exchange has a mover advantage in the hybrid space.
Over 100k users have registered on the platform because of the user benefit programs. The VIP rebate program allows users to earn a shared income from the exchange’s revenue. This feature comes without fees or KYC requirements, making the process smooth and simple.
DTX is in the fourth phase of the presale for $0.08, which is highly undervalued, according to valuation analysts. Analyzing the fundamentals, DTX could reach the $2 level by early 2025.
Learn more:
