The post DTX Exchange (DTX): The Next Big Thing After Solana and Cardano? Why Investors are Betting on This New Hybrid L1 Blockchain appeared first on Coinpedia Fintech News
The budding crypto industry hailed as one of this century’s most disruptive innovations, has become the go-to for cutting-edge products. With new projects constantly springing up, DTX Exchange (DTX), a unique hybrid Layer-1 blockchain, is set to be the next big thing after Solana (SOL) and Cardano (ADA).
Unlike conventional L1 blockchains, it will integrate traditional financial instruments with Web3 products. Its one-stop platform will combine key elements of centralized and decentralized exchanges, offering access to thousands of asset classes.
DTX Exchange (DTX): The Next Big Thing
DTX Exchange (DTX) is the latest favourite among investors. The new hybrid Layer-1 blockchain is a shift from the norms as it stands at the crossroads between traditional and decentralized finance. As it sails toward adoption, it has been hailed as the best crypto to invest in.
Courtesy of the ongoing presale, investors have an opportunity to become early adopters, which many have been taking advantage of. Over $3.3 million has been raised in funding, highlighting trust and growing interest. Meanwhile, a token costs only $0.06 in round 3 of the ICO and is tipped for a 7,000% upswing post-launch.
Beyond the gains, DTX is set to usher in a breath of fresh air into the $10 billion global trading space. The hybrid trading platform, with its proprietary Layer-1 blockchain, will allow the trading of assets across stocks, bonds, commodities, ETFs and cryptocurrencies. Further, a 1,000x leverage can be used to maximize gains, setting it up for adoption. Hailed as the next big thing after Solana (SOL) and Cardano (ADA), this is one of the new DeFi projects to bet on.
Solana (SOL): $300 Before the Year’s End?
Solana (SOL), a top DeFi platform, assists with the creation of decentralized applications (dApps). It also hosts other cryptocurrencies—a favourite destination for DeFi services. It is hot on Ethereum’s heels as a result, with its low transaction fees and fast transaction speeds giving it a competitive edge.
The Layer-1 token has been on a roll, riding the wave around the Fed’s September rate cut. The Solana price jumped 15% in the past 30 days and 7% in the weekly timeframe. It trades above $150, sailing towards its annual peak of $200.
According to industry experts, Solana (SOL) is one of the altcoins to watch out for in Q4. With “Uptober” here, it is set to hit $180 in the coming weeks. Further, a rally above $300 is anticipated before the year’s end, making it one of the best cryptos to invest in.
Cardano (ADA) Sails Toward $1
Cardano (ADA), another L1 token and blockchain, facilitates the creation of dApps. The recent Chang hard fork introduced on-chain governance into the ecosystem by allowing token holders to have a say in the platform’s future.
Trading in tandem with the overall crypto market, the Cardano price is up 10% in the past 30 days. It also records a 4% upswing on the weekly charts, exchanging hands at $0.37. At its current price, it offers a low entry despite recent upticks.
Top analysts project a jump above $1 this year. As a top L1 token, Cardano (ADA) is a favourite among retailers and institutions, not forgetting its low price. This combination of its solid fundamentals and upside potential makes it a top crypto to invest in.
Conclusion
DTX Exchange (DTX), a unique Layer-1 blockchain, is set to become one of this year’s biggest breakout stars. Its impending transformation of the wider trading scene places it on a bullish path, potentially overtaking Solana (SOL) and Cardano (ADA). As it inches closer to adoption, this is a promising wave not to miss out on.
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