With Bitcoin entering the final pullback of the year, crypto traders are keeping a watchful eye on leading altcoins like Solana (SOL) for the next big move ahead. Technical factors show that the Layer 1 altcoin is showing considerable strength against BTC and could potentially be gearing up for an upcoming rally to $200.
However, DTX Exchange’s recently launched Rebate Program and CoinMarketCap listing are creating massive hype. Some critics are even comparing the launch to the early exponential gains of Solana in 2021.
DTX Exchange – The Layer 1 Giving Ownership to Traders
Since its launch in August 2024, the DeFi platform DTX Exchange (DTX) has made a massive splash. The crypto community has given a major positive response to the platform, and comparisons are already being drawn between DTX and Solana.
Similar to SOL, the platform is focused on creating a decentralized ecosystem, but what DTX does better is integrate traditional investment assets like stocks and forex alongside crypto. Using DTX Exchange, traders can access unprecedented liquidity with the 1000x leverage feature and multiply their investment. This means that you can access up to $100,000 with just $100 on the platform and buy your favorite stocks, cryptos, and currency pairs.
The momentum behind DTX Exchange is increasing fast as the platform has crossed over 75,000 retail signups. The ongoing presale is giving traders a chance to become an early part of the future billion-dollar platform. Presale investors are also being given exclusive ownership rights through the DTX rebate program, which opens the doors for profit shares and governance votes.
DTX Exchange’s ecosystem is driven by the DTX token that has made headlines for raising over $3.2 million within two months. Analysts are expecting the token to go tenfold from its current price of $0.06 once the presale concludes. Additionally, investors are guaranteed a minimum price increase of 300% as the final presale round will conclude at $0.20 at listing. The prospects seem exciting as the platform’s security has been validated by leading security audit firm SolidProof as well.
Solana Consolidates Despite $18 Million Dump by Pumpfun
Solana had a historical return in 2023 when the token went from $15 to a yearly high of over $200 in March this year. This massive surge was driven by SOL traders diving into the Solana memecoin ecosystem and buying into projects like WIF, BONK, and BOME. As a result, the total locked value (TVL) on the SOL ecosystem has also gone up over 200%.
However, on the short-term charts, Solana is facing minor selling pressure as whales continue to sell holdings. In a recent development, launchpad Pumpfun sold over $18 million in SOL accumulated as a result of platform fees in just the past five days. Experts think that this trend, however, could be short-lived as Solana has witnessed another resurgence with memecoins like MOODENG.
Key Takeaway
While Solana (SOL) is facing a short pullback, DTX Exchange is continuing to push forward with massive momentum. With a high-performing VulcanX blockchain, a lucrative Rebate Program, and a $1 Million giveaway, DTX could potentially be the altcoin of the year. So if you’re looking to make major returns, you need to secure your tokens at just $0.06 before the price goes up in the next round.
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