The post ADA Whales Jump to DTX Exchange and EIGEN L2 for Bullish Gains appeared on BitcoinEthereumNews.com.

This month has a history of explosive altcoin rallies and bull movements alongside high volatility. Cardano (ADA) is a prominent crypto facing a critical downfall after touching the upper neckline of $0.4 last week, leading investors to sell their holdings for other moonshot cryptos like Eigen Layer (EIGEN) and DTX Exchange (DTX). Eigen Layer (EIGEN) has newly launched on exchanges after the team restricted token transfers in the first half of 2024. The project is considered one of the biggest due to its cutting-edge features and solution-oriented functionalities. Similarly, DTX Exchange (DTX) is also set to follow a similar discourse as the first ever hybrid trading platform, poised for massive gains after mainnet launch. Cardano (ADA) Lose Steam With 9.4% Value Lost Overnight Cardano (ADA) has disappointed its investors lately after displaying a massive downward spike, dropping to the $0.35 support level after end-September’s bull market. Despite the launch of Midnight Protocol testnet for developers, Cardano (ADA) token has lost 9.4% value overnight and continues to trend downward with high volatility. This sudden reversal alongside the news of upcoming 37.06 million token unlock in October has led investors to carry a cautious attitude toward Cardano (ADA). RayTrader has predicted a huge downward swing for Cardano (ADA), potentially breaching the $0.25 support level in the upcoming weeks if the market fails to flip the bearish trends. Eigen Layer (EIGEN) Secures Rank Into Top 100 After Launch The crypto community is celebrating the launch of a unique altcoin Eigen Layer (EIGEN) after its token transfer restriction was lifted and its trade commenced on various exchanges. Eigen Layer (EIGEN) is a cutting-edge introduction to the crypto and blockchain sector, addressing the fundamental issues of universality, isolation, metering, and remuneration in its robust ecosystem. Its bullish launch has led Eigen Layer (EIGEN) to secure…

---

Filed under: News - @ October 3, 2024 10:17 pm