DTX Exchange (DTX) became the talk of the crypto community after hitting $2 million in fundraising. This remarkable feat saw it outclass most new ICOs
As the crypto market continues to experience lackluster performance, the search for promising altcoins intensifies. Among the tokens hit hardest by the market downturn is Ethereum (ETH), whose whales are now shifting their attention to other promising altcoins.
According to recent on-chain data, Ethereum whales are accumulating promising altcoins left, right, and center. Their top picks include Cardano (ADA) and a new hybrid exchange platform: DTX Exchange (DTX).
Ethereum whales bet on Cardano (ADA) and DTX Exchange (DTX)
Fresh data reveals that Ethereum whales are betting heavily on Cardano (ADA) and a new hybrid exchange platform, DTX Exchange (DTX). While ADA is a top Layer-1 token, DTX Exchange combines the best of CEX and DEX.
As the second-largest cryptocurrency by market cap, Ethereum (ETH) plays a crucial role in the blockchain space with its smart contract capability. The ecosystem is the most vibrant, hosting several protocols and cryptocurrencies.
However, since hitting $4,000 in March, the coin has been in a free fall. The latest market dump pushed the Ethereum price below $2,500. As a result, ETH’s long liquidations hit $55 million, and confidence and optimism took a big hit.
Despite this, a comeback isn’t out of the question, as the price trades above the EMA 50 support level. While it trades within the $2,200 and $2,500 ranges, it is on track for a breakout above $3,000.
A trending Ethereum price prediction suggests a jump past $3,100 before the end of Q3, making it one of the altcoins to watch out for. Alternatively, whales have also been betting on other promising altcoins.
Cardano (ADA) is a top Layer-1 token that’s among the few altcoins on whales’ radar. Besides its significant upside potential, it also plays a key role as a blockchain and smart contract platform.
Although largely unimpressive in quarter three, it is set for a big leap. The Cardano price chart shows a path to $3, making it a token worth keeping on the radar.
Whales continue their accumulation, courtesy of ADA’s low price. Further, rising adoption in the L1 ecosystem and growing institutional demand are expected to contribute to its uptick.
Another Cardano price prediction hints at a jump past $1 in the coming weeks. Flipping this level prepares it for the long walk to the current all-time high of $3.1. With a new peak on the cards during this bull run, it is a token worth betting on.
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