Cardano (ADA) has been displaying a red-tick price point for the last seven days. In over a week, Cardano (ADA) has dipped by 7.3% from its current $0.35 trading value. In the last 24 hours, it bounced back by 2%. However, given its current trajectory, this short-term price reversal isn’t enough to convince the buyers who question the network’s long-term viability.
Renowned Cardano (ADA) critic Max Keiser suggested that the network is headed to a potential 90% crash amid the broader market shift. Max’s prediction might seem drastic, but it’s more like a warning for traders hoping for a possible rebound from Cardano (ADA). Surprisingly, Cardano (ADA) has surged by 69% in its trading volume (approximately $146 million).
Compared to Bitcoin (BTC), Cardano (ADA) might lose another 90% in the next six months. Following this decline, the 90% decline will result in Cardano (ADA) dropping to $0.03 and the market cap shrinking to $1 billion. However, other analysts think Cardano (ADA) will not stoop so low, given its recent network developments and the overall bullish sentiment in the market.
Ethereum (ETH) has received a new improvement proposal from Ben Adams. They’ve named this proposal ‘EIP-7781,’ claiming it will reduce the block time from 12 seconds to 8 seconds. As a result, it will boost the overall network throughput by 50%. Analysts are claiming this proposal to bring down Ethereum (ETH) trading fees and increase transaction speeds.
Ethereum (ETH) has received this improvement proposal to enhance the efficiency of the network by cutting down the time required to add new blocks to the blockchain. This will also increase the blob capacity (a temporary data structure used for reducing L2 solution fees). On top of other benefits, EIP-7781 will also distribute bandwidth usage more evenly over time.
Dropping the bandwidth volume would peak high-volume demands without increasing the number of blocks for the Ethereum (ETH) network. If approved, this improvement could upscale the user experience of Ethereum (ETH) smart contracts by reducing confirmation times by 33% and speeding up peak load times. Analysts claim that the EIP-7781 improvement will bring a price surge in the Ethereum (ETH) network.
DTX Exchange (DTX) has become a profit machine for AI-crypto traders in less than a year. So far, this hybrid model has secured a mind-blowing $3.8 million presale with only 14% left before it enters presale round 4 at $0.08 per DTX token. DTX Exchange (DTX) has outperformed established crypto channels with its cutting-edge Layer1 blockchain technology.
Following the presale hype in the market, DTX Exchange is now aiming for a grand $0.20 listing in the market. Some analysts tracking DTX Exchange’s performance claim it to be 2021’s Cardano (ADA), as its mind-blowing rallies are outshining established altcoin projects. With the increasing demand in the market, DTX Exchange is experiencing a high volume of sign-ups this week.
While crypto networks like Cardano (ADA) and Ethereum (ETH) rely on blockchain upgrades and technological advancements, DTX Exchange’s VulcanX upgrade has smashed all competing exchanges with its advanced hybrid trading blockchain. As the first-ever unified chain, this upgrade backs the platform’s infrastructure and enhances overall utility.
As this emerging deFi sensation leads major crypto projects, its jaw-dropping growth and expansion in the market are preparing it for the big leagues. DTX Exchange’s market-defying statistics and presale performance make it the trendsetter in the crypto market.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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