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Ripple and Cardano have shown bearish trends opposite to the rising market trend. Investors with positions in these coins are venturing into the DTX Exchange as they don’t want to miss the gains ahead.
DTX has already provided triple-digit returns from stage one, while XRP and ADA are still trading in the negative. Investors from different communities are analyzing DTX Exchange because of the high return on investment and utility propositions.
Ripple (XRP) Breaks Bearish Flag, New Donwleg Coming?
Ripple’s price has encountered extreme selling pressure after surging to the $0.64 resistance zone. Since its last peak, XRP has declined 23%, and since then, it has been trading in a bearish flag and pole pattern. On Tuesday, Ripple gave a breakdown of the flag pattern rejecting from the cluster of key moving averages.
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The relative strength index (RSI) has also declined below 40, nearing the XRP price’s oversold zone. Currently, Ripple is standing at major support, where it has bounced four times in the last month. This support level is crucial for the XRP price because a breakdown from here can push it to fresh lows.
Expansion In Cardano (ADA) Network Via BitcoinOS Grail Bridge
Cardano has announced a major partnership with BitcoinOS, the smart contract layer of Bitcoin, to boost liquidity in its decentralized finance ecosystem. Announced on Oct. 24, this integration will allow Cardano to tap into Bitcoin’s $1.3 trillion market using the BitcoinOS Grail Bridge. According to analysts, this movement can impact ADA price in the future.
This bridge will connect Cardano and Bitcoin, encouraging a smooth flow of liquidity between them. Its zero-knowledge-powered interoperability lets users benefit from proof-of-work (PoW) and proof-of-stake (PoS) features on each blockchain.
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Despite these developments, ADA prices have been experiencing a continuous downtrend from the March peak. ADA prices have been unable to cross the range-bound consolidation, prompting investors to look for other opportunities in the market.
Why DTX Exchange Is The Best Token Presale Of The Year
While Ripple is facing a dispute with the SEC and ADA price failure to overcome overhead resistances, DTX Exchange (DTX) has emerged as one of the best-emerging projects, with price appreciation even in market corrections. There are various reasons behind the meteoric rise of the DTX platform, but the main contributor is thinking outside the box. DTX Exchange has mixed the benefits of traditional and decentralized exchanges, making it unique in the market.
With the above, the community-based approach has added another star to DTX’s rating. DTX provides the best available technology and a more efficient platform for traders, ensuring smoother transactions and security. Features like copy trading, algorithm systems, and social trading benefit traders. DTX also provides features like revenue sharing and reward tokens for higher activity for platform users.
From the initial price of $0.02, the DTX token has risen to $0.08, benefiting early investors. However, experts believe the presale is just the start, and the price can go higher upto $3.7 after the listing, providing investors with a perfect opportunity to ride the bull market. DTX also provides an extra 50% on any deposit with the coupon code “DTXOG.”
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