Crypto Market Giants Solana (SOL), Cardano (ADA), and Near Protocol (NEAR) Show Major Dips During This Downturn

The crypto market is experiencing major downswings as altcoin giants like Solana (SOL), Cardano (ADA), and Near Protocol (NEAR) show major dips.

As the crypto market experiences a downturn of over 1.35%, altcoin giants like Solana (SOL), Cardano (ADA), and Near Protocol (NEAR) are facing significant price drops.

Solana (SOL) has seen a massive loss of billions of dollars in just a week's time. This downturn has led to a substantial decrease in SOL prices, retracing back to the $136 level with a loss of almost $7 billion in market cap.

Continuing in a bearish trend, SOL prices are down by 10% in a week’s time frame. Notably, SOL prices are almost 50% lower than its ATH set during the 2021 peak. Solana's fear and greed index showcases a neutral level of around 51, leaving crypto analysts speculating on the SOL Price trajectory as the general crypto sentiment around Solana is indicating neither bullish nor bearish at the moment.

Cardano (ADA) Investors Face Losses As Price Drops

Cardano's (ADA) price decline has impacted almost 74% of its investors as they are underwater having bought Cardano (ADA) for around $0.39. These investors are nearing the breakeven point despite the ongoing price drop.

This group of Cardano (ADA) investors is a large category within the segment with around 180,000 addresses, holding a substantial 2.57 billion ADA tokens. Despite the price challenges, these investors continue to hold their positions.

Cardano (ADA) platform experiences a significant decrease in active addresses dropping to 29,000. These active addresses were further reduced to 15,000 as the network usage and participation decreased.

Near Protocol Struggles Between Bullish Reversal And A Plunging Trend

Broader market volatility has fueled Near Protocol's price drop of over 32% within a couple of weeks; however, an interesting bullish pattern and a neutral-weighted sentiment are observed, leaving the market experts in a state of confusion about the future of Near Protocol.

The increased selling pressure in the broader market adds a risk of further decline for Near Protocol. NEAR stands out as the 17th largest cryptocurrency with a live market capitalization of $5.68 Billion.

Near Protocol's weighted sentiment curve illustrates a neutral stance as its price tries to stabilize around the 200-day exponential moving average. There appears to be a neutral bias among the investors and community members.

DTX Exchange Grabs Investors With $760,000 Raise In Presale Stage 2

While the altcoin giants are struggling with their prices, DTX Exchange is defying the market trends and presenting a promising opportunity for investors.

The platform offers access to over 120,000 assets including Crypto, Stocks & Bonds, Forex, and Commodities. Its hybrid trading model and speed of 18000 TPS enable holders to experience high-velocity trading in multiple markets.

DTX Exchange has begun its presale with a remarkable achievement, raising over $760,000 at the beginning of its presale. Setting a new standard, DTX was able to raise $100,000 in a day. Currently priced at $0.04, the DTX token has raised $734,511 by completing 28% of its presale's second stage. This presents an opportunity for exponential gains.

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