As the Solana (SOL) price struggles to maintain its momentum and falls below the $200 mark, the spotlight has shifted to the rapidly rising DTX Exchange (DTX). Promising groundbreaking features and innovative technology, DTX is quickly becoming a favorite among investors, with rumors of a 22,600% price surge. Let’s take a closer look at these two projects.
From Stocks to Crypto: How DTX Simplifies Multi-Asset Trading
DTX Exchange (DTX) is an upcoming platform that aims to be the first crypto-native platform to offer over 120,000 commodities like stocks, bonds, forex, ETFs, and cryptocurrencies under its platform. This will save DTX users from the hassle of switching different platforms.
This revolutionary aim is backed by its layer-1 blockchain, VulcanX. The platform recently introduced its testnet and it gave an estimated TPS of over 100,000 setting itself apart from the heavy competition in the market, processing a single transaction in almost 0.4 milliseconds.
The platform is elevating its game further by offering high leverage up to 1000x, which lets users capitalize on their small investments to the maximum level by accessing high maximum liquidity. Additionally, the platform offers high-end trading features like algorithmic trading, automated investments, and copy trading, maximizing profits for each trader.
Rumors have recently surfaced on the internet about an upcoming listing for DTX Exchange on a well-known platform. If these rumors come true, analysts have forecast a major price rally, pumping the DTX price up to 22,600%. Investors and analysts are now impatiently waiting for further developments so they can cash in their investments.
Lower Lows Persist: Why Solana Price Struggles to Regain Momentum
The Solana price fell below $200 after failing to sustain momentum over the $220 resistance level, indicating the start of a new trading phase. The movement is consistent with patterns observed in other prominent cryptocurrencies, such as Ethereum and Bitcoin, indicating a wider market trend rather than a single event.
At first, SOL appeared promising as Solana’s price got closer to the $225 barrier level, but then sellers came out to drive the price down. As a result of this rejection at higher levels, the Solana price has hit several lower lows; in recent trading sessions, it has touched $193.82.
The SOL hourly chart’s technical analysis shows that a bearish trend line has formed, with the $204 level serving as immediate resistance. This trend implies that SOL buyers will have trouble raising the Solana price in the near future.
The Solana price action has put SOL below the 100-hourly simple moving average and the $200 psychological barrier, suggesting that bears are presently in charge of SOL’s market momentum. Strong buying pressure is usually needed to overturn this technical setup.
According to this technical indication, SOL buyers must demonstrate more energy to start a recovery phase in Solana’s price.
Maximum ROI Already Delivered: What’s Next for DTX Investors?
While Solana’s price dips once again, DTX Exchange (DTX) seems all set for a major bull run ahead as its listing rumors fill the air. DTX Exchange is currently in its presale stage, which has shown phenomenal growth since its launch. The total presale funding currently stands at $11.4 million, setting it as one of the fastest-growing ICOs in recent times.
Each DTX token is available to be bought at a low cost of $0.14 per token, this price point has already given all its early investors a stellar ROI. The presale still has the potential to deliver big gains as the listing price is anticipated to be high. This means all those investing right now can still stand a chance to enjoy big gains upon listing.
Check out these links for more information about DTX Exchange:
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