Top Dogecoin Trader Praises DTX Exchange’s AI Features as the Next Game-Changer Over Cardano (ADA)
Release: 2024/08/22 19:09 Reading: 749
Dogecoin (DOGE) price has hit a major resistance level and continues to underperform amid rising market volatility. Despite key announcements and community hype for memecoins, the price rally faltered and traversed back to previous support.
A prominent Dogecoin (DOGE) trader has preferred an emerging crypto star to invest in this cycle for 25x gains.
Cardano (ADA) has fallen off the investors’ list after a wave of criticism followed its tokenomics, ecosystem, and developmental efforts lately. Investors continue to choose other options over memecoins and Cardano (ADA) as the next moonshot crypto.
DTX Exchange Surges Past $1.5M With Game-Changing Features
DTX Exchange (DTX) advances in the trading sector by introducing game-changing trading techniques and innovative features. The powerful platform includes a 1000x leverage feature with AI-supported analytics and automation to make profits.
Traders can access 120,000+ financial assets across diverse markets. The flexibility through quant and algo trading strategies and copy trading provided by DTX is unmatched with a high execution speed, revenue-sharing model, and gas-free trading.
DTX Exchange has raised $1.52 million in round 2 of the public presale. It offers a safe and secure trading ecosystem through blockchain layer-1 technology and no-KYC onboarding. Priced at $0.04, the DTX token is expected to rise in value post-launch.
Dogecoin (DOGE) Faces Downside Risks After Meme Hype Cools
Dogecoin (DOGE) price has tumbled back to the $0.104 support level after peaking amid Binance's announcement to list the DOGE/JPY pair. The community hype was triggered by Elon Musk's affirmation of Trump's offer to play an active role in the administration.
The volume of Dogecoin (DOGE) spiked following the announcements but the rally proved to be a sudden shift of sentiment without long-term scope. The price has declined by 1.4% on the intraday chart with a 20% drop in transactional volume.
Traders continue to shift capital to other promising avenues of investments with increasing demand and global scope.
Top Analyst Raoul Pal Warns Against Investing in Cardano (ADA)
Cardano (ADA) is facing criticism from the DeFi community after its slow developmental activities and underperformance. The ADA token has slid below the top 10 rankings after Tron (TRX) surpassed it in market cap.
The date for Chang Hard Fork remains uncertain, with expectations now set for around August 27th, following multiple delays. The minor 2% price rise for Cardano (ADA) after achieving major milestones with wallet launches has pushed the value in the Crypto Fear & Greed Index down toward 26, indicating extreme fear among investors.
A prominent crypto analyst, Raoul Pal, has recently issued cautions to avoid investing in Cardano (ADA) due to the increasing competition from new projects.
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