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Many Ethereum and Solana holders are waiting for a new L1 blockchain protocol to launch soon and change the game.
In the crypto arena, people are always looking for the next big thing that could explode on the charts. Ethereum and Solana holders think that they have found the perfect one – DTX Exchange. This Stage 3 presale project will launch its L1 blockchain protocol soon.
Since it has already given early buyers a 200% return, many traders and analysts are confident about DTX’s growth potential. Some experts predict a 60x surge for DTX this year.
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Ethereum: Continues price drop
Ethereum is a crypto that has seen some big price drops. In the past month alone, the price of Ethereum fell nearly 20% as per CoinMarketCap. There were some worrying developments as MartyParty revealed that Vitalik Buterin now holds 240K ETH, which is 85k lower than his ETH holdings in 2021.
This could trigger a bearish trend for the Ethereum crypto. Crypto analyst TheoTrader says that he will load up on ETH between $1,000 and $2,000 and predicts that this coin may surge to $4,868.
As a result, many analysts, in their Ethereum price prediction, foresee this coin trading at $2,913 before September 2024 ends.
Solana: A bearish trend
Solana is another coin experiencing volatility. CoinMarketCap data shows that the Solana price dropped over 20% on the 1-month chart. Cointelegraph also noticed something interesting. In their X post, they said that SOL has been down for nine days straight, a new record.
However, they also said that the Solana crypto previously bounced back with +10.75% and +14.22%. The technicals for SOL also show red signs as it trades below its 50-day exponential and simple moving averages.
Because of this, experts in the crypto field have made a conservative Solana price prediction. They forecast this coin trading at $143 before the start of October.
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DTX Exchange: A new era in online trading
While Ethereum and Solana are facing challenges, DTX Exchange is making headlines in the crypto space. Its upcoming L1 blockchain protocol launch is causing hype in this market. With this launch, DTX Exchange will offer a hybrid trading platform that can process up to 10,000 transactions per second.
Even big influencers like YouTuber Token Empire see DTX Exchange as a game-changing platform. This is because people can buy over 120k asset classes like gold, FX and crypto coins in one place at a leverage of 1000x. Plus, DTX Exchange could become a fan-favorite as it needs no sign-up KYC checks, which means full 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% rise from its starting price. However, experts predict another 60x jump for DTX after a Tier-1 CEX lists it in Q3 of 2024. Thus, people wanting to get governance voting rights and capitalize on its growth are now gravitating to the DTX Exchange presale.
Conclusion
Although Ethereum and Solana are well-established crypto coins, their holders are more interested in DTX Exchange. It has a smaller market cap than them while tapping into more markets like the $16t gold one. Because of this, DTX has a better chance of soaring since it needs less new money.
To learn more, check out the presale, visit the DTX website, and join the DTX community.
Read more: DTX Exchange launches on Testnet; BNB, Litecoin eye bullish recoveries
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