Cardano (ADA) is nearing the completion of a 'cup and handle' formation, signaling potential positive movement, while major investors are turning their attention to Ethereum (ETH) and a new DeFi platform, DTX Exchange.
Upcoming Changes for Cardano
Recently, there has been significant interest in Cardano following Grayscale's filing for the first Cardano ETF. Analysts believe this trend could push ADA's price to new highs. If the $1.15 resistance level is broken, ADA could reach $2 in the long term. Other analysts forecast a rise to $1.8 and even $4 in the near future. Currently, ADA's price is around $0.7, with a weekly increase of 2.9%.
Ethereum Accumulation by Major Holders
Santiment data shows that 1 million Ethereum coins were withdrawn from exchanges last week, reducing selling pressure and potentially driving the price up. Despite ETH's current price below $3000, this accumulation could soon lead to a price rise. Donald Trump has also purchased $5 million worth of ETH. Analysts project Ethereum could rise to $10,000 before the year's end.
Innovative Approach at DTX Exchange
DTX Exchange's presale success was driven by its unique blending of DeFi and CeFi elements. The platform attracted over $13.8 million in investment and secured more than 600,000 users. DTX Exchange offers multi-asset trading with access to over 120,000 instruments without requiring KYC, appealing to privacy-focused investors. The platform also provides leverage up to 1000:1, advantageous for both novice and experienced traders.
Cardano exhibits bullish potential, Ethereum is accumulated by major players, and DTX Exchange emerges as a promising platform through its innovative solutions.
