Analysts expect the annoying market correction will end soon, and the crypto market will experience a year-long bull rally. Some of the major developments, like the Solana (SOL) ETF launch and DTX Testnet launch, are the catalysts for the upcoming rally. However, after the successful launch of the testnet and the record 10,000 TPS, DTX Exchange has come way ahead of Solana (SOL).
It has also surpassed its rival Near Protocol (NEAR), and expert analysis tells us that this exponential price rise in DTX will continue.
Near Protocol (NEAR) Lost Momentum After The Rejection
Near Protocol (NEAR), once a trending coin after its launch has lost all of its momentum after peaking in 2022. Last week’s rejection from the 50-day moving average pushed the price to $3.96, decreasing more than 20% weekly and around 15% in the last month.
One of the prominent whales exited the Near Protocol (NEAR), which resulted in the coin’s downfall. According to reports, the whale closed because Near Protocol (NEAR) hasn’t been able to perform in the last five months. Better opportunities are available, like DTX Exchange, which has been rising in the market correction.
Solana (SOL) Around The Crucial Support Level
Solana (SOL) tried to push higher after the positive news came up, but bears took control of the price, and Solana (SOL) is down 20% from the recent swing high. It is trading below all the major moving averages, including 50 and 200-day, and the $125 level is continuously working as the important support level for the Solana (SOL) price.
Solana (SOL) has made the lower low formation and trading in the wedge pattern starting in March this year. The RSI is near the oversold zone and the MACD trades below the baseline. The overall outlook for Solana (SOL) is bearish, and the break of important levels can start another downward momentum.
DTX Exchange Breaking All Barriers WIth Stellar Performance
Solana (SOL) and Near Protocol (NEAR) are still advancing in the crypto market, but DTX Exchange could surpass them. DTX is connected to several successful financial markets, which means it needs less new capital to reach its full potential. The price of its native token has already tripled from $0.02 to $0.06. Despite this growth, the presale performance remains impressive, with DTX raising over $2.2 million in stage 3.
One standout feature of the DTX Exchange is its 1000x leverage, allowing users to take significant positions in financial markets with minimal upfront investment, potentially leading to substantial profits. It also offers 120k asset options to trade and invest, which markets it as a one-stop solution for various kinds of assets for traders and investors.
DTX Exchange prioritizes user security by following strict privacy policies and implementing strong security measures. These include penetration testing, encryption, two-factor authentication, minimal data collection, and anonymous trading options to protect against potential threats.
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