As the cryptocurrency market moves ahead of the next bull run, traders are also searching for the next 50x gem. One recent hot item is DTX Exchange (DTX), the new star of the Stage 3 presale that has already risen 200%. Some big holders of Ethereum (ETH) and Solana (SOL) have also been keeping an eye on the exchange.
Ethereum (ETH) has seen increased volatility recently and CJ has a cautious prediction, while Solana (SOL) has had some exciting news regarding Zodiac Custody and SOL Staking.
Ethereum (ETH): Highs and Lows Equal
According to CoinMarketCap, the price of Ethereum (ETH) has fallen by over 10% on the one-month chart. However, crypto analyst CJ has a positive outlook. According to his X post, Ethereum (ETH) is in a good spot with balanced highs and lows that people should pay attention to.
These highs are $2,368 and $2,381, while the lows are $2,272 and $2,313. On the cryptocurrency technical front, Ethereum is trading above the 10-day EMA despite the MACD level being in a buy zone at 101. As a result, market experts have predicted the coin to trade at $2,500 in their Ethereum price predictions. However, some holders are still not confident in Ethereum (ETH) due to its volatility.
Solana (SOL): Zodiac's New Parentage Announcement
Meanwhile, there have been some notable developments on Solana (SOL), such as Zodiac Custody announcing a partnership with Marinade, a staking automation platform on the Solana (SOL) network, which will allow their clients to access Solana staking.
This bullish news for Solana could trigger an upswing for this coin. The value of the Solana (SOL) cryptocurrency has fallen by more than 5% in the past 30 days. All these factors have led market analysts to predict that the value of Solana (SOL) could hit $145 before the end of October 2024.
DTX Exchange (DTX): The Birth of a Leader
DTX Exchange (DTX) is slowly establishing itself as a leader in cryptocurrencies. Its ongoing presale is performing great, raising over $2.5 million and potentially reaching $3 million next week. Expectations are set to grow as DTX Exchange recently launched its own L1 blockchain, which will be the foundation for its upcoming trading platform.
The platform combines the best features of CEX and DEX into one. It allows people to buy 120,000+ asset classes including cryptocurrencies, CFDs, FX and more with 1000x leverage. DTX Exchange does not conduct KYC checks upon sign-up, making it more attractive to millions of privacy-conscious traders. Even CryptoDexWorld considers this new product as the next ultimate trading platform.
The DTX native token is priced at $0.06 in stage 3 of the presale. Buying now will net you a 33% gain when stage 4 begins and the price jumps to $0.08. Experts predict a further 50x surge is on the way once Tier-1 CEXs list DTX in Q3 2024.
Will DTX Exchange (DTX) be able to beat Ethereum (ETH) and Solana (SOL)?
While Ethereum (ETH) and Solana (SOL) are already established cryptocurrencies, DTX Exchange has some advantages. DTX is expected to grow faster as it requires less capital. The project also has ties to the $1.4 trillion FX market, making it more stable in the long term. That is why many traders are choosing DTX Exchange over Ethereum (ETH) and Solana (SOL).
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