The injective (INJ) ecosystem has made headlines after the announcement of its upcoming Altaris Mainnet Upgrade, ready to raise standards for existing decentralized projects. This upgrade will also push the emerging DTX Exchange (DTX) due to its valuable andup-to-date offerings with cutting-edge technologies and industry-relevant trading features.
Moreover, Cardano (ADA) and Book of Meme (BOME) are also under the spotlight due to their price trends and ongoing network developments. Let’s explore why the Injective (INJ) upgrade can be pivotal for DeFi projects and what analysts say about the market performance of Cardano (ADA) and Book of Meme (BOME).
Market Optimism Soars With Injective (INJ) Altaris Upgrade
Injective (INJ) continues to regain center stage to start developmental activity for its Altaris upgrade on August 1 after an Injective Improvement Proposal-420. This groundbreaking transformation is pivotal for the Injective (INJ) ecosystem, aiming to enhance scalability, introduce advanced smart contracts, and provide robust capabilities for launching Real World Assets (RWAs).
This upgrade will raise standards for Injective (INJ) and other DeFi projects and users will shift to more advanced and seamless technologies rather than projects with outdated features. The Injective (INJ) price will also witness a bullish trend buoyed by market optimism. Analysts forecast that Injective (INJ) can potentially push its price beyond the $30 threshold in the upcoming weeks.
Investors Flee Cardano (ADA) as Chang Hard Fork Delays
The situation of the Cardano (ADA) price is worsening with each passing day as the awaited Chang Hard Fork delays. Investors continue to sell their Cardano (ADA) tokens driven by surging skepticism, leading the crypto to face a major blow of dropping below the $0.40 threshold with a 3.7% intraday loss.
According to the technical analysis, Cardano (ADA) displays a pessimistic outlook below key levels. The 50-day and 200-day exponential moving averages (EMA) display strong sell signals and the RSI also suggests a danger zone for the price of Cardano (ADA). If bulls fail to grab hold of the project, the Cardano (ADA) price can retrace to the crucial support level at $0.30.
Book of Meme (BOME) Faces Backlash Amid Price Freefall
Book of Meme (BOME) price has underperformed since its launch. After the initial bull run in March, the Book of Meme (BOME) entered price ruins with minor price hikes. With the meme market witnessing notable declines and capital inflows these days, Book of Meme (BOME) is highly affected by the broader market sentiment.
On the daily chart, Book of Meme (BOME) displays a 7.3% decline with a 23% drop in the trading volume. The trendline suggests further price losses for the memecoin, triggering speculations among holders and memecoin enthusiasts. Analysts advise a strong caution as the technical analysis suggests a further price slump for Book of Meme (BOME) below the $0.009 support level.
DTX Exchange Set to Reshape Trading With AI-Driven Features
DTX Exchange (DTX) has emerged on the trading scene with its ground-breaking AI-powered 1000x leverage platform. With the best features of decentralized and centralized exchanges, DTX is set to raise standards with its scalable infrastructure and trader-friendly schemas with advanced analytics and automation strategies to maximize gains.
The project has successfully raised a mind-blowing $1.1 million in batch 2 of the public presale. DTX Exchange utilizes blockchain fundamentals to offer robust security and reliable transaction flow in 120k+ digital assets across various financial markets. The community members of DTX enjoy a chance to reshape the future together with governance rights.
Global traders are attracted to DTX Exchange’s KYC-free approach and non-custodial wallets where users can maintain their funds without intermediaries. Priced at $0.04, investors rush to participate in DTX Exchange’s governance, pushing the limits of the project to new heights. DTX token is expected to surge beyond $1 once it hits major CEX platforms, promising 100x gains to early stakeholders.
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