The crypto market is all set to get new updates as Solayer is set to launch a yield-bearing stablecoin on Solana (SOL). At the same time, Toncoin (TON) is witnessing record growth and may surpass Ethereum in the number of holders by the end of the year. While a top DeFi project that has raised over $6.2 million, is pushing toward the funding target of $10 million.
Solayer and OpenEden To Introduce sUSD Stablecoin on Solana (SOL)
Solayer and OpenEden have announced a partnership that will see them launch a yield-generating stablecoin on Solana (SOL) pegged to the United States Treasury bills. Called sUSD, the stablecoin is the first among many other tokenized real-world assets RWAs that Solayer intends to develop on the Solana network.
In the meantime, the Solana coin has reached a three-month peak. The cryptocurrency rode the bullish wave in the crypto market after it rallied past the $180 mark for the first time in three months, according to data from CoinMarketCap.
Analysts are bullish about the Solana price and expect a potential rally to $200 in the coming weeks. Greenytrades forecast the value of the token could skyrocket to $210 soon if it surpasses the resistance at the current level. Meanwhile, Solana’s (SOL) Hull Moving Average (9) and VWMA (10) are bullish and point towards a massive price surge in the next trading sessions.
Toncoin (TON) Holder Count Could Surpass Ethereum, CryptoQuant
An analyst at CryptoQuant is confident that the number of Toncoin (TON) holders will surpass the number of Ethereum holders by December 20. Now, ETH has 137 million addresses, while the Toncoin network has grown to 112 million. For the past month, Toncoin (TON) has been attracting an average of 500,000 followers a day.
If this continues, the analyst says the number of Toncoin token holders might surpass that of Ethereum holders before the year ends. In other news, the Toncoin price is consolidating between $4.70 and $5.20 in the weekly timeframe on CoinMarketCap. The cryptocurrency recently dropped below the $5 mark due to increased bearish sentiment.
Luckily, the bulls were active at the $4.70 level to cause a rebound. Going forward, the sentiment around Toncoin (TON) is bearish. The VWMA (10) is displaying a sell signal, which could mean that prices might drop in the coming weeks.
DTX Exchange (DTX) Aims for $10 Million in Presale Funding
DTX Exchange (DTX) has gained favor among investors, with early funding reaching over $6.2 million. Currently, all eyes are on $10 million, a target it hopes to achieve before the end of this year. Currently, in the fourth stage of its blockchain ICO, the DTX coin is priced at $0.08. Analysts forecast the value of the token could soar by 10x in the next few months.
This impressive presale performance and rising interest highlight DTX’s unique approach and ambitious goals in the trading space. Setting itself apart from conventional platforms, DTX Exchange employs a hybrid model, integrating the best aspects of centralized (CEX) and decentralized (DEX) exchanges. This approach bridges the gap between CeFi and DeFi systems, aiming to make financial services more accessible and inclusive.
The platform will allow users to trade assets like forex, cryptocurrencies, indices, ETFs, and lots more. The bullish predictions for DTX are hinged on this, as the exchange is connected to the $714.7 trillion OTC derivatives market. Security is also a priority for DTX Exchange. Utilizing non-custodial storage and on-chain verification, the platform ensures that users retain full control of their assets, enhancing safety. Additionally, advanced features such as copy trading and 1000x leverage offer traders the tools they need to optimize returns.
Conclusion
DTX Exchange is building a platform that could mirror the growth of top altcoins like Toncoin (TON) and Solana (SOL). It plans to use the funds gathered in the presale stage to advance its growth and add more unique features to its hybrid exchange to attract more investors.
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