With Bitcoin facing multiple rejections from the $70K range, experts are now warning that a further correction could be possible in the coming days. This spells bad news for Cardano and Toncoin investors, who are already sustaining through a major bearish period. The top 10 projects have flipped bearish in the final quarter of the year, and most investors are currently experiencing losses.
However, even in this choppy market, an emerging DeFi token is still turning a profit, with early holders already up significantly on their investments.
DTX Exchange Called “Dark Horse” After Accelerated Development
Even though the crypto industry is notorious for products taking years to develop, DTX Exchange is completely changing this concept. The DeFi trading platform is shocking the industry with its rapid rollout of features and innovations. Since the presale went live in August, DTX has already finished the rollout of the testnet and is currently one of the best performers in the market.
The key features driving demand for DTX include the upcoming Phoenix Wallet, which supports stocks, cryptos, and forex assets with decentralized security. Additionally, the VulcanX blockchain driving the ecosystem is also expected to go live in December 2025.
Early participants in the DTX presale have already seen multiple rounds of price increases, and the current round is expected to sell out soon at $0.04. In this short period, the increase of over $6 million is a testimony to the massive demand for a unified trading platform.
Majority Cardano and Toncoin Holders Suffer Losses
A leading expert on social media platform X has claimed that over 70% of Cardano and Toncoin holders are currently experiencing losses in their trading positions. This data emerged as a result of on-chain metrics that showcased the performance of ADA and TON against Bitcoin.
While Bitcoin started the year at $43,835.62, it is currently trading at $68,000. This increase of over 50% is notably higher compared to Cardano and Toncoin.
In January 2024, Cardano (ADA) was trading at $0.53, a loss of over 40%. Similarly, Toncoin (TON) holders have also faced the brunt of changing sentiment after the Open Network (TON) went down after CEO Pavel Durov was arrested in France. Despite the release, the network has failed to regain investors’ confidence.
Conventionally, altcoins are supposed to bring higher gains than Bitcoin (BTC) but the performance of Cardano and Toncoin has raised major concerns about their future.
Conclusion
Even though Bitcoin has practically doubled in the past year, altcoins like Cardano and Toncoin have shown disappointing progress. For Toncoin, the challenges have emerged from centralization concerns, whereas Cardano has stalled behind due to slow technological rollout. But DTX Exchange has emerged as a prominent beacon of hope for traders with a fresh suite of features and impressive price growth. With time running out before the end of the presale, this is the perfect time to join the community and reap rewards.
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