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Solana (SOL) and DTX Exchange have been making news of their explosive growth potential. While the former is a well-established crypto player, DTX Exchange has acquired the label of being a Solana killer due to its similar market impact.
A genius trader has invested in Solana (SOL) and DTX Exchange eyeing the growth potential of these altcoins. He has been makings pennies to millions ever since his investment, as both the projects are soaring explosively in this bull run. The details below show the price actions and market presence of these two altcoins.
Solana (SOL) Price Shows Positive Momentum
Solana (SOL) is currently trading between $138.03 and $156, with a 19% rise over the past month. The nearest resistance level is $162.09, which represents about a 10% increase from the current average price of $146.48. If SOL surpasses this resistance, it could target the next level at $179.00, presenting a potential gain of over 22%.
The Relative Strength Index (RSI) is at 62.07, indicating positive momentum, while the 10-day Simple Moving Average of $154.83 is slightly above the 100-day average of $149.11, suggesting an upward trend.
The 24-hour trading volume of Solana (SOL) increased by 24.08% to $3.39 billion, showing continued market engagement. However, the current trend indicates consolidation as SOL moves between these key levels. A breakout above $156 could signal further bullish action, while falling below $152 might push the price lower.
With a 10% increase over the previous week, Solana (SOL) has given massive returns to its investors. This is the reason traders who invested in Solana are sitting back, highly appreciative of the coin’s trajectory with unshakable confidence.
DTX Exchange Attracts Investors With Unique Features
Several analysts have ranked DTX Exchange as one of the top projects for 2024. By lowering costs and doing away with central governance, the DTX platform unifies the features of the centralized and decentralized systems in one location. Investors have responded positively to these features, demonstrating a high level of demand during the early presale stages.
Nonetheless, the demand for DTX Exchange has increased since the staking feature was added. Through DTX Exchange, users can stake their digital assets for a fixed period of time and earn up to 15% APY. This makes it simple for individuals to increase their holdings while assisting with the upkeep and security of the network.
In order to provide a combination of TradFi and DeFi, DTX Exchange is developing a single Layer-1 blockchain that links traditional finance with Web3 offerings. More than 120,000 asset classes will be supported for trading on this single platform, paving the way for wider adoption.
Additionally, DTX Exchange offers state-of-the-art trading features such as distributed liquidity pools, non-custodial wallets, no KYC requirements, and 1,000x leverage. These tools are intended to facilitate trading and assist users in securing substantial gains in the erratic cryptocurrency market.
DTX has had a strong start to October, with impressive price gains during its ongoing presale. The platform has already raised $4.9 million, and DTX tokens are priced at $0.08. Experts expect the price to rise to $1 after the launch.
Key Takeaways
- Solana (SOL) shows 10% ascent on the weekly charts trading at $155.7.
- DTX Exchange (DTX) raises almost $5 million in its presale stage four.
- Trader who invested in both Solana (SOL) and DTX Exchange (DTX) makes hundreds out of pennies as both continue to explode.
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