With the crypto market eagerly anticipating the approval of a Solana ETF, investors are wondering if the SOL price is poised for a new all-time high this cycle. While some traders believe Solana could skyrocket, experts are skeptical about the token reaching the ambitious $1,000 target. Instead, they’re turning their attention to a rising star, DTX Exchange.
With its revolutionary features and a presale that has raised $13.7 million, DTX is gaining serious momentum. Could this ETH-based altcoin surge 100x before Solana? Let’s find out!
SEC Acknowledges Solana ETF: What This Means for SOL Price
The US Securities and Exchange Commission (SEC) has taken a step closer to licensing Solana ETFs by recognizing Grayscale’s filing for a spot Solana ETF. The submission represents a big step forward after prior refusals of similar applications.
Bloomberg ETF analyst Eric Balchunas described the event as “notable” since it is the first time the SEC has acknowledged an ETF tracking a cryptocurrency that was previously classified as a security. The development has boosted optimism in the Solana ETF, with investors betting that the approval of Solana ETFs would result in a significant infusion of capital to SOL.
The SOL price movement has created a symmetrical triangle, with support located around $200.56. The 50-day Exponential Moving Average (EMA) is at $212.58, and the 200-day EMA is at $216.11, both of which are important SOL price resistance levels.
Several market analysts have noted the recent SOL price fluctuation. VipRoseTr, a cryptocurrency market analyst, highlighted SOL price strong support levels and bouncing patterns from key SOL price points, indicating a potential for an upward move forward beyond $296.38.
120,000+ Tradable Assets: How DTX Is Revolutionizing Trading
As the DeFi world watches new projects emerging every other day, another project has emerged but has set itself apart through its innovative technology and massive aims.
DTX Exchange (DTX) is an upcoming exchange platform that is all set to transform DeFi with its hybrid approach. Using this approach, the platform is bridging the gap between centralized and decentralized finance, bringing the best of them onto one single platform.
The platform intends to provide DTX users with access to more than 120,000 commodities via a single unified interface. These will cover a wide range of assets, from old-school to modern-era ones, including cryptocurrencies, stocks, bonds, ETFs, cryptocurrencies, forex, and much more.
Looking ahead, DTX Exchange plans to launch tokenized exchange-traded funds (ETFs). This will allow users to access ETFs even in regions where they are not permitted to be traded.
VulcanX, DTX Exchange’s layer-1 blockchain giant, underpins the platform’s transformational features. The platform recently debuted its testnet, which processed each transaction in less than a few milliseconds and had an estimated transaction rate (TPS) of more than 200,000. This has everyone speculating about how DTX Exchange may be the fastest in the industry.
These features appeal to experienced as well as newbie traders and investors, hence the immense hype surrounding the project globally even before its official launch.
Massive $13.7 Million Presale: Is DTX the Next 100x Altcoin?
Currently, in the presale, DTX Exchange is stealing the show with its stellar performance. The presale is currently in its 8th stage with funding that has already $13.7 million. This has got analysts to anticipate DTX to reach new heights even before SOL price massive rally ahead.
Currently, each DTX token is priced at only $0.16. This price point has already generated massive ROI for all of its early investors. According to claims, the token would be listed on major exchanges in the second quarter of the year. This will provide the most anticipated surge, which analysts estimate to provide returns of over 100x.
To know more about the DTX Exchange ecosystem, Check out:
