The crypto world is abuzz with positive sentiment as trading volumes skyrocket. Donald Trump is said to have bought over $48 million worth of ETH, which has caused ripples in the market. But that is not all. Solana (SOL) reached a new all-time high on Sunday.
It is among the top gainers right now. Another coin that has seen huge gains and interest from investors is the DTX Exchange (DTX). The relatively new DeFi project has captivated investors with its 600% ROI. Looking ahead, the value of DTX could surge by 10x in the coming months as the presale grows.
Solana (SOL) Hits New All-time High
Solana (SOL) has emerged as one of the top altcoins in the market with double-digit gains. CoinMarketCap price information shows the Solana price has skyrocketed by 38.3% in the weekly timeframe. Interestingly, SOL hit a new all-time high of $294.33 on Sunday.
The altcoin capitalized on the massive interest from investors and buyers who were buying the Solana coin to buy the TRUMP coin. Ali Martinez compared the situation to the Ethereum ICO bubble where people had to buy ETH to invest in new projects. He believes a memecoin bubble is on the way.
According to him, more people would buy the Solana crypto than invest in the meme coin. In another tweet, Martinez forecasted the price of SOL could surge to $4,700 after it broke out of a cup-and-handle pattern. Besides, technical analysis shows most of Solana’s (SOL) indicators are bullish. The Fear and Greed Index shows Extreme Greed.
Trump Buys $48M Worth Of Ethereum (ETH)
Despite its sideways movement over the past few weeks, Ethereum (ETH) has captured the attention of large investors. In a recent tweet, Ash Crypto noted that Donald Trump, the president of the United States, has bought over $48 million worth of ETH in a day. He believes the huge accumulation could mean something big for the Ethereum coin.
Other analysts forecast the altcoin price is about to skyrocket. Poseidon forecasts the Ethereum crypto price might surge to $5k before the beginning of February. According to them, the token has an immediate resistance around $3.5k. Crossing it could trigger the rally the community has been waiting for.
In the meantime, the Ethereum coin price is consolidating between $3k and $3.5k in the weekly timeframe. CoinMarketCap data indicates it is under mixed sentiment. On the weekly chart, the value of ETH has increased by 5.8%. However, there is a decrease of 4.4% on the monthly level.
DTX Exchange (DTX): Bridging TradFi and DeFi with Unprecedented Speed and Efficiency
DTX Exchange (DTX) is set to transform the trading market through its unique TradFi+DeFi hybrid model. This innovative trading system allows users to trade a wide variety of asset classes such as cryptocurrencies, stocks, ETFs, commodities, and forex within one platform. The foundation of DTX Exchange is called VulcanX, a Layer-1 blockchain that is optimized for trading both traditional and digital assets.
VulcanX has an incredible TPS of over 200K, which means that all orders are executed quickly and with minimal delay for every user. Also, DTX Exchange is a combination of centralized and decentralized exchange features where the user enjoys top-notch security, transparency, and decentralization e. Its non-custodial storage solution gives traders full ownership over their tokens and transparency in all trading operations.
Meanwhile, DTX Exchange has attracted a lot of attention during its presale stages and has managed to raise over $12 million in funding. The DTX token is currently trading at $0.14. Promising to be a single point of entry for TradFi and DeFi, the DTX Exchange could ultimately transform the future of trading.
Investors Looking for Best Crypto To Invest in Rush To DTX Exchange
In conclusion, DTX Exchange’s presale growth indicates that investors are very optimistic about its potential. It’s No-KYC approach and multi-asset feature make it a top contender to conventional platforms like Binance and Bybit. DTX Exchange’s launch is drawing close and this presale is the best opportunity to lock in at a low cost.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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