November has been a month of crazy growth, however, the bullish rally of the month has come to an end in the current session. Various established coins are seen slumping in this session as bears gather strength and bulls leave the charge.
With the overall market sentiment being largely volatile, coins like Solana and DTX Exchange are prepared for another explosive bull run. Experts suggest a continuation of another bullish run, giving huge returns for SOL and DTX investors.
Some renowned analysts have given predictions that support massive rallies of up to 10x and 100x, respectively, for SOL and DTX coins!
Solana (SOL) Hits $250 Milestone: A 10x Rally On The Horizon!
Solana (SOL) recently broke a historic resistance level at $250 to set a new all-time high at $263. However, the asset has since plummeted to $230, declining by 2.9% on its weekly price chart. Meanwhile, an analyst believes that re-securing the $250 price zone and turning it into support could mark a significant entry into a price discovery mode.
Looking into Coinglass data, it is found that Solana’s trading volume was 0.58% up, with $11 billion changing hands. However, SOL’s open interest was down by 5.4% to $5 billion. The Open Interest – Funding Rate was also up, indicating a sustained positive outlook in the derivative.
Data analysis shows that the SOL funding rate has been up since mid-October. Meanwhile, its Total Value Locked (TVL) was around $8.44 billion, down from the $9 billion recorded on November 27. Additionally, Solana’s stablecoin market capitalization was around $4.598 billion, with $7.16 million generated in fees and $3.58 million generated in revenue.
Further exploring its on-chain data, it is observed that investors remain confident in the ecosystem as its active addresses within 24 hours were around 6.07 million. Within the period, transactions facilitated across the network were around 52.71 million. Solana’s Decentralized Exchange (DEX) volume has surpassed $600 billion and doubled the trading activities of Ethereum.
According to analyst Crypto Bullet, Solana could surge to $600. This analyst accurately called the price action when the asset consolidated in April. Fascinatingly, another analyst identified as CryptoRus believes that SOL could hit $5000 in the current cycle. Thus, experts see Solana surging explosively in this bull run.
Investors Flock To DTX Exchange As Experts Go Bullish
The DTX Exchange platform is injecting some fresh perspective into the world of trading. While its methods are similar to those of other exchanges, there’s something extra for everyone, trader or investor.
For traders, there are several extra perks to make the trading journey seamless, from analysis to making a profit. DTX’s transaction processing speed clocks 25 transactions in one second, level with top networks like Solana in terms of speed.
There also won’t be any need for KYC; it’s a decentralized platform on DTX Exchange, where anonymous transactions will be a priority. Trade in the dark without any fear of being tracked.
Since maintaining a diverse portion is key to making trading profits, DTX Exchange makes it easy to have several tokens all at once. Equity products, cryptos, and foreign currencies are all available for trading on DTX; you only have to choose.
Investors get the crème with staking possibilities and a cut from the daily trading revenue on DTX. Both are streams of passive income, and you can have your tokens making money for you without being an active trader.
DTX Exchange has made significant progress with its presale, as the revenue is well over $8.78 million in less than three months. Investors are looking forward to the project for life-changing profits. From its current Stage 5 of presale till launch, there is a chance at 100% ROI as the price will go up from $0.10 to $0.20.
Experts are particularly bullish on DTX’s post-launch potential. According to them, the project has enough features to draw in investors and spike by up to 100x in months!
Key Takeaways
As other cryptocurrencies’ bullish run comes to an end, Solana and DTX Exchange are set to soar even higher, as they are at the top of the list of most desirable coins. The growth potential and the market movements of these coins have grabbed investors from other established platforms. SOL and DTX tokens have become a magnet for investors in this bull run!
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