DeFi
Ethena and ONDO look to lead DeFi gains as undervalued DTX presale emerges as a better investment alternative
Superior Layer 2 Scaling Solutions and DeFi Projects Ethena (ENA) And Ondo (ONDO) showed immense optimism before and after the approval of the Ethereum spot ETF. However, their performances are not comparable to those DTX Exchange (DTX), which showed potential during its pre-sale. The presale token is becoming a major draw for investors looking to diversify their portfolios. Can ENA and ONDO deliver on DTX’s promise? Let’s find out!
Ethena (ENA) Resilience Prevails After Ethereum Spot ETF Approval
Ethena (ENA) is a growing company Layer 2 scaling solution this attracted the attention of the DeFi community. A day after the SEC approved the Ethereum spot ETF, Ethena (ENA) rose nearly 11% to $0.92 from a previous low of $0.83.
Besides the price surge, Ethena’s trading volume also increased to reach $659 million Since $328 millions, highlighting growing interest. The sentiment surrounding Ethena (ENA) is bullishand technical analysis suggests further growth.
Furthermore, experts predict that Ethena (ENA) could surpass its all-time high of $1.52, reached during the second week of April 2024, at the end of the second quarter. However, this can only happen if the Ethena (ENA) bulls keep up the pace. positive dynamic and the price crosses the $1 Resistance Level in the next weeks.
Ondo (ONDO) Could End the Month Trading Above $1.5
Ondo is one of latest DeFi projects launched in the third week of January 2024. After its launch, the price of ONDO increased by 177% has $0.23 of a minimum of $0.083. ONDO maintained an upward trajectory to reach $1.02 in mid-April, after which the price declined to trade in a range of $0.69 and $0.97 until mid-May 2024.
During the last week of May, ONDO reached a record high of $1.25A 81.5% increase from its lowest monthly value of $0.69. Based on technical analysis, ONDO is trading in an expanding parallel format, which suggests a bullish pattern.
Additionally, according to analyst projections, Ondo could break above the resistance level of $1.5 by the end of May, provided that it maintains its current trajectory. In case of rejection, the price of ONDO may decline until lowering the support levels of $0.92.
DTX Exchange (DTX): A pre-sale token attracting attention with its gains
Unlike Ethena (ENA) and ONDO, which could fall victim to market volatility and see their prices fall, the new presale coin DTX Exchange (DTX) is aiming for continued gains. New hybrid exchange the platform is fighting for market dominance with its unique trading features and value propositions.
Additionally, DTX Exchange (DTX) offers a unified platform to exchange 120,000 activeincluding securities, cryptos, forex, commodities, stocks, CFDs, etc. All tradable assets are under a roof. DTX Exchange (DTX) also has a unique leverage feature that enhances investors’ potential profits.
Additionally, in its long range of offerings, DTX Exchange (DTX) uses distributed liquidity pools to reduce slippage, improve trade execution, especially during market volatility, and increase liquidity of the presale coin. At the center of DTX Exchange is its ERC-20 compliant native token, DTX, which allows users to benefit from governance and voting rights through the platform’s community-centric policy.
DTX Exchange (DTX) is in stage 2 of its resale, and already completed 556 KB tokens were sold, reflecting the high demand for the coin. The price of the ICO is modest $0.04which will increase to $0.06 in the next step. In addition to promising an attractive giveaway soon, early investors in DTX Exchange can expect a 500% surge once the token hits the post-presale price of $0.12.
Visit the DTX Exchange Presale
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