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**Bitcoin Retests $100K, Driving Demand for Shiba Inu (SHIB), Cardano (ADA) and This Low-Cap DeFi Coin Below $0.5**
The recent surge in Bitcoin’s value has led to a ripple effect in the cryptocurrency market, with many altcoins experiencing significant gains. Two of these coins are particularly noteworthy – Shiba Inu (SHIB) and Cardano (ADA). However, it is not just these well-known names that are benefiting from the increased demand; we’re also seeing interest shift towards a low-cap DeFi coin that has immense upside potential.
**Shiba Inu (SHIB)**
As the market cap of SHIB continues to climb, so too does its appeal. The recent 20% gain has only fueled further speculation, with many analysts predicting a meteoric rise in the near future. Analysts like VipRoseTr and army_shiba are calling for significant growth, with potential targets ranging from $0.00002715 to $0.00003083. Meanwhile, the token’s price action above both the 10-EMA and 10-SMA suggests a substantial upward momentum.
**Cardano (ADA)**
In stark contrast to SHIB, Cardano’s impressive performance this week has seen it cross the psychologically important threshold of $1.10. While some may see this as a sign of impending correction, many analysts believe that ADA still has plenty of room for growth. OracleAltcoin and Pildoracypto are two notable voices in the crypto community who have set their sights on ambitious targets of $6 and $4, respectively. With an already impressive 20% gain, it is clear that this asset will be a significant player in the ongoing market rally.
**The Dark Horse: DTX Exchange (DTX)**
While both SHIB and ADA are undeniably attractive, there’s another coin that deserves attention. As a budget-friendly option with higher upside potential than its more popular counterparts, it is not surprising to see traders flocking towards DTX Exchange (DTX). With its strong fundamentals and ICO backing, this DeFi project has the potential to outperform even the most bullish forecasts.
As investors seek to capitalize on the ongoing market rally, it’s essential to remember that risk management remains a crucial aspect of trading.
Source: blockonomi.com
