The crypto space is now getting ready for a big altcoin bull run. This is because whales are stockpiling many crypto coins. However, only three of them are getting the most attention: Ethereum (ETH), DTX Exchange (DTX) and Solana (SOL).
All these cryptos are seeing some exciting developments, as Ethereum sees a new ETF listing application, DTX Exchange launches its L1 blockchain protocol and CRYPTOWZRD makes a bold Solana price prediction. But one of them stands out. Keep reading to find out which one.
Ethereum (ETH): Monochrome Applies for an ETH ETF
Ethereum (ETH) has been making headlines in the crypto market. Recently, Monochrome announced that it has applied to list an Ethereum ETF on Cboe Australia. In its announcement, Monochrome also said that it is expecting a decision before the end of September 2024.
This Ethereum ETF will trade under the IETH ticker and could bring people easier access to this thriving cryptocurrency. Speaking of which, the Ethereum crypto value has dropped nearly 5% on the 1-week chart.
But, this bullish Ethereum news could cause an upswing for this coin as demand rises. Thus, experts predict ETH will trade at $2,710 before October ends.
DTX Exchange (DTX): A Rising Star With a New L1 Blockchain
It is clear that DTX Exchange (DTX) has caught the attention of many whales. Its ongoing presale has already raised over $2.5M and will reach $3M before the end of this month. This performance shows that demand for it is sky-high and this demand will rise even more as DTX Exchange recently launched its own L1 blockchain.
This blockchain will be the foundation of DTX Exchange, a hybrid trading platform that combines CEX and DEX features. On this platform, people can buy over 120K asset classes like stocks, crypto coins, and FX at a leverage of 1000x, which gives it an advantage over crypto-only platforms like Binance.
The DTX utility token is a big part of its ecosystem. Holding it will give you access to better analytics tools and governance voting rights. It is now in Stage 3 of its presale with a price of $0.06. Those who bought it early on are enjoying a 200% return. But this price will rise to $0.08 after Stage 4 begins, and experts predict another 70x surge after a Tier-1 CEX lists it soon.
Solana (SOL): A Potential Reversal
Solana (SOL) has experienced some turbulence. CoinMarketCap data shows that the Solana price dropped nearly 10% on the weekly charts. However, crypto analyst CRYPTOWZRD made a bold prediction for this coin. According to his X post, SOL has been range-bound for a month. A reversal from here could cause a rally to $187.
The technicals for the Solana crypto support this statement. Currently, SOL is trading above its 20-day exponential and simple moving averages while also having a momentum value of 24. Because of this, bulls could take control of SOL.
Due to all these factors, other market analysts remain confident as well. Their Solana price prediction forecasts a rise to $142 before September ends.
Ethereum vs. DTX Exchange vs. Solana – Which Crypto Stands Out?
Ethereum, DTX Exchange and Solana are all crypto coins worth watching. However, DTX Exchange stands out according to some whales. DTX will bring faster returns than ETH and SOL since it has a smaller market cap than them. Plus, this rookie could capitalize on the growth of the $1.4T FX market – giving it more stability in the long run.
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