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Many Ethereum and Solana holders are waiting for the upcoming launch of a new L1 blockchain protocol that will be a game-changer.
In the cryptocurrency space, people are always looking for the next big thing that could explode on the charts. Ethereum and Solana holders think they have found the perfect solution: DTX Exchange. This Phase 3 presale project will soon launch its L1 blockchain protocol.
Given that the stock has already returned 200% to early buyers, many traders and analysts are confident about DTX’s growth potential. Some experts predict a 60-fold increase in DTX this year.
Ethereum: Price continues to fall
Ethereum is a cryptocurrency that has seen significant price drops. In the last month alone, the price of Ethereum has dropped by nearly 20% according to CoinMarketCap. Worrying developments came when MartyParty revealed that Vitalik Buterin now holds 240,000 ETH, which is 85,000 less than his ETH holdings in 2021.
This could trigger a bearish trend for the Ethereum cryptocurrency. Crypto analyst TheoTrader says he will charge ETH between $1,000 and $2,000 and predicts that the coin could surge to $4,868.
As a result, many analysts, in their Ethereum price predictions, predict that this coin will trade at $2,913 before the end of September 2024.
Solana: a bearish trend
Solana is another cryptocurrency that is experiencing some volatility. Data from CoinMarketCap shows that Solana’s price has dropped by over 20% on the 1-month chart. Cointelegraph also noticed something interesting. In their X-post, they stated that SOL has been down for nine consecutive days, a new record.
However, they also stated that the Solana crypto has previously bounced back with +10.75% and +14.22%. SOL’s technicals are also showing red signs as it is trading below its 50-day exponential and simple moving averages.
That is why cryptocurrency industry experts have made a cautious Solana price prediction. They predict that the coin will trade at $143 before the start of October.
DTX Exchange: A New Era for Online Trading
While Ethereum and Solana face challenges, DTX Exchange is making headlines in the cryptocurrency space. The upcoming launch of its L1 blockchain protocol is generating excitement in the market. With this launch, DTX Exchange will offer a hybrid trading platform capable of processing up to 10,000 transactions per second.
Even big influencers like YouTuber Token Empire see DTX Exchange as a revolutionary platform. Indeed, people can buy over 120,000 asset classes like gold, Forex, and cryptocurrencies in one place with 1,000x leverage. Moreover, DTX Exchange could become a fan favorite because it does not require any KYC checks upon registration, meaning complete anonymity.
The DTX utility token is the main component of its ecosystem. It is now in stage 3 of its presale with a value of $0.06, a 200% increase from its initial price. However, experts predict another 60x jump for DTX after it is listed by a Tier 1 CEX in Q3 2024. Thus, those looking to gain governance voting rights and capitalize on its growth are now gravitating towards the DTX Exchange presale.
Conclusion
While Ethereum and Solana are established cryptocurrencies, their holders are more interested in DTX Exchange. It has a smaller market cap than them while tapping into more markets like gold at $16,000. As such, DTX has a better chance of surging as it requires less fresh money.
To learn more, check out the presale, visit the DTX website, and join the DTX community.
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