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As Cardano and Ripple falter, investors flock to DTX Exchange, a top hybrid platform with strong security and opportunities.
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While Cardano (ADA) and Ripple (XRP) have failed to maintain a static price trend, investors have moved to other bullish projects to diversify their portfolios. Among the many, DTX Exchange (DTX) has ranked as one of the top hybrid model platforms, incorporating cutting-edge blockchain protocol with robust security measures and lucrative opportunities.
Cardano stuck in a bearish market?
So far, Cardano (ADA) has had a tough year, with the future outlook not looking any better as it heads deeper into Q4. As of today, Cardano is trading at $0.35, with a 14% decline in its price in the last 24 hours. However, it has shown a minor 3.22% recovery and a 24-hour trading volume of $272.12 million. Its volume has dipped by 18%, nearly $49 million.
According to The Crypto Basic, the majority of traders are speculating a massive 61% drop in the Cardano network. Following this decline, Cardano will fall below the $0.15 level. Even though ADA has built a solid reputation for its technical advancement and blockchain protocol, the market seems to be losing confidence in it in the short-term outlook.
Cardano might experience further major declines in its network in the coming weeks. As Cardano shows signs of struggles, some investors are shifting their focus away from basic altcoin projects and looking at the high-growth potential of emerging deFi platforms, where projects like DTX Exchange are stealing the spotlight.
