The crypto space is very excited as DTX Exchange (DTX) prepares for its L1 blockchain launch. This has made many traders leave popular crypto coins like Toncoin (TON) and Solana (SOL) on the sidelines. While they are seeing some turbulence, DTX has been soaring.
In fact, this Stage 3 presale star has already given early buyers 200% returns—big gains in a short time. Some analysts hint that DTX could be the next 100x crypto this year.
DTX Exchange (DTX): Capturing the Spotlight
DTX Exchange (DTX) is making some noise in the crypto market. Its recent announcement that the L1 blockchain protocol will launch soon has captured the spotlight. Many people have noticed its ongoing presale performance with over $2M raised and possibly hitting $3M in September.
Even influencers like Crypto Infinity have discussed DTX Exchange as a game-changer in online trading. DTX Exchange will launch a hybrid trading platform combining the best of CEX and DEX. With this platform, you can buy over 120K asset classes like cryptos and gold in one place in complete anonymity (no sign-up KYC checks).
The DTX utility token is a big part of its ecosystem. To get people to buy it, DTX Exchange will reward holders with smaller trading fees and governance voting rights. It is now worth $0.06 in Stage 3 of its presale. However, this price will jump to $0.08 after Stage 4 begins. Once a Tier-1 CEX listing happens in Q3 of 2024, a 100x surge is expected.
Toncoin (TON): On a Downtrend
Meanwhile, Toncoin (TON) has been seeing red charts. CoinMarketCap shows that the Toncoin price fell nearly 20% in the past 30 days alone. However, market analysts at Crypto King are still bullish on this token. In his X post, he says that TON is a fast blockchain but is held back because of its airdrops.
If Toncoin solves this problem, Crypto King foresees a rise to $10 for this coin. Nevertheless, the technicals for the Toncoin crypto show that bears are still in control. TON now sits below its 50-day exponential and simple moving averages.
As a result, market analysts, in their Toncoin price prediction, foresee this coin trading at $6 before September 2024 ends.
Solana (SOL): Exciting News Could Trigger a Rally
Solana (SOL) is another crypto that has been declining. On the one-month chart, the Solana coin value dropped nearly 25%. However, there have been some exciting developments recently.
For instance, Solana revealed that the Finternet demo will be settled on its network. Finternet is a user-centric, financial infrastructure that tokenizes any asset on one ledger. Due to this Solana news, the future of SOL appears bright.
When making their price predictions, experts consider all these factors. They predict that Solana will trade at $158 in October 2024.
Why Are Traders Focusing on DTX Exchange Instead of Toncoin and Solana?
Although Toncoin and Solana are already established crypto coins, DTX Exchange is a rookie. This gives it advantages since it has a smaller market cap and connections to the $17T gold market. Because of this, DTX needs less new money for its price to skyrocket while being more stable in the long run. Thus, traders are looking for faster returns through DTX.
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