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Cryptocurrency News Articles
DTX Exchange: A New Revelation In The Trading Sector
Jan 14, 2025 at 12:30 am
As experts predict the biggest crypto bull run in 2025, many investors are wondering which altcoins could lead the drive.
Cryptocurrency experts are predicting a bull run in 2025, and many investors are wondering which altcoins could lead the drive. Solana (SOL) started the new year with optimism, breaking out of a channel pattern and leaving traders waiting for a reversal to form so the SOL price could reach the higher target.
However, being a renowned coin and ranking at #6 with a market cap of $92.67 billion, SOL’s large market capitalization limits its upside potential. Instead, smart investors are focusing on low-cap altcoins positioned to lead the market.
One standout is the DeFi emergent DTX Exchange (DTX), which has become increasingly popular for its innovative trading platform and exceptional on-chain metrics. As revealed by the exchange, over 420,000 wallets hold DTX tokens.
Solana Price At Critical Support Hovering Above $190
Currently valued at $191.74, Solana (SOL) has become a top name in the crypto market, ranking at #6 with a market cap of $92.67 billion. The SOL price showed resilience in the last quarter of 2024, rising by 68% during that period. However, the rejection from the all-time high has dragged the SOL price below the $200 psychological zone.
After ranging between $190 and $200 for a short while, the SOL price found support at $190, which has already been tested twice. If it bounces from this level, it could form a double-bottom reversal pattern with a neckline at $220. SOL’s Relative Strength Index (RSI) is currently at 43, showing a slight deflection from the downtrend.
The Moving Average Convergence Divergence (MACD) has formed a bearish crossover, indicating a slight bearish trend. The SOL price support level is around $190. If the price falls below that, the next significant support is at $165, where buyers might take action.
On the other hand, resistance is at $258. If the price breaks above this level, it could signal stronger upward momentum. Analysts predict that, in the bull case, the SOL price might reach $500 by the end of 2025.
If it reaches the $500 target, SOL will rise about 161% from its present worth. In recent events, Bio Protocol, a leading decentralized science network, has recently expanded to the Solana blockchain.
Notwithstanding this step, there was a price drop for BIO tokens. via Wormhole, a partner of this network, the users can swap BIO tokens between Ethereum and Solana at a much more affordable cost.
This type of partnership prepares for the next stage of Bio Protocol, in which the project will turn into a multichain platform.DTX Exchange: New Breakthrough In Trading Sector
While Solana may be an established name, DTX Exchange is bringing something new to the table in decentralized finance (DeFi). As a hybrid exchange, it combines the best of CEX and DEX in its trading platform.
DTX is a native-crypto exchange that provides trading in stocks, cryptocurrencies, and forex markets within a single ecosystem. The exchange is powered by the layer-1 VulcanX blockchain, a network designed to handle large volumes and boasting over 100,000 transactions per second (TPS).
The blockchain also helps reduce trading fees by improving accuracy and efficiency. Besides its unique offering, its low entry price and significant upside potential make it the best ICO altcoin.
In the seventh round of the presale, it is currently priced at just $0.14 and has raised $11.55 million. A 40% rally is expected at the listing price of $0.20, alongside a projected 150x jump in 2025, making it a more compelling investment choice for investors seeking long-term growth.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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