Top Layer 2 scaling solutions and DeFi projects Ethena (ENA) and Ondo (ONDO) have shown immense optimism before and after the approval of Ethereum spot ETF. However, their performance doesn’t compare to DTX Exchange (DTX), which has shown potential in its presale. The presale token is becoming a major attraction for investors seeking to diversify their portfolios. Can ENA and ONDO live up to DTX’s promise? Let’s find out!
Ethena’s (ENA) Resilience Prevails After Approval of Ethereum Spot ETF
Ethena (ENA) is a fast-rising Layer 2 scaling solution that has attracted significant attention from the DeFi community. A day after the SEC approved the Ethereum spot ETF, Ethena (ENA) rose by almost 11% to $0.92 from an earlier low of $0.83.
Besides the price surge, Ethena’s trading volume also increased to $659 million from $328 million, showcasing rising interest. Sentiment surrounding Ethena (ENA) is bullish, and technical analysis suggests further growth.
Furthermore, experts predict Ethena (ENA) might surpass its all-time high of $1.52, reached in the second week of April 2024, by the end of Q2. However, this can only happen if Ethena’s (ENA) bulls keep up the positive momentum and the price crosses the $1 resistance level in the coming weeks.
Ondo (ONDO) Could End the Month Trading Above $1.5
Ondo is one of the newest DeFi projects launched in the third week of January 2024. After its launch, ONDO’s price rose by 177% to $0.23 from a low of $0.083. ONDO maintained an upward trajectory to reach $1.02 in mid-April, after which the price declined to trade within the range of $0.69 and $0.97 until mid-May 2024.
In the last week of May, ONDO reached an all-time high of $1.25, an 81.5% increase from its lowest monthly value of $0.69. Based on technical analysis, ONDO is trading within an expanding parallel format, which suggests a bullish pattern.
Furthermore, according to analysts’ projections, Ondo could exceed the resistance level of $1.5 by the end of May, provided it sustains its current trajectory. If there is a rejection, ONDO’s price may decline to lower support levels of $0.92.
DTX Exchange (DTX): A Presale Token Attracting Traction With Its Gains
Unlike Ethena (ENA) and ONDO, which could fall victim to market volatility and see their prices plummet, the new presale coin DTX Exchange (DTX) is out for continuous gains. The new hybrid exchange platform is fighting for market dominance with its unique trading features and value propositions.
Furthermore, DTX Exchange (DTX) offers a unified platform for trading over 120K assets, including securities, cryptos, forex, commodities, equities, CFDs, etc. All the tradable assets are under one roof. DTX Exchange (DTX) also boasts a unique leverage feature that enhances potential investor profits.
Additionally, in its long line of offers, DTX Exchange (DTX) utilizes distributed liquidity pools to reduce slippage, enhance trade execution, especially during market volatility, and boost the presale coin’s liquidity. At the centre of DTX Exchange is its ERC-20-compliant native token, DTX, which allows users to enjoy governance and voting rights through the platform’s community-centric policy.
DTX Exchange (DTX) is in Stage 2 of its resale, and already over 556K tokens have been sold, reflecting the coin’s high demand. The price of the ICO is a modest $0.04, which will increase to $0.06 in the next stage. Besides promising an attractive giveaway soon, DTX Exchange’s earliest investors can expect a 500% increase once the token reaches the after-presale price of $0.12.
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