Investors have geared up for a DTX Exchange rally as the fourth quarter of 2024 begins. Market analysts claim that DTX possesses the ability to turn hundreds into millions in no time. The platform’s entry into the fourth stage of presale comes with a bang, as it collects over $4.7 million.
While the hype surrounding Shiba Inu (SHIB) dies, DTX becomes a star in the DeFi space. The platform is being compared to Solana (SOL), often labeled as a SOL killer. Market experts anticipate a replication of Solana’s (SOL) 2021 gains while discussing DTX’s trajectory.
Solana’s (SOL) Price Trajectory: A Light At 2021 Gains
Trading at $154.93, Solana’s (SOL) has a market capitalization of $72.74 billion, a 24-hour trading volume of $2.29 billion, and a market dominance of 3.17%. Over the previous day, SOL has increased by 5.24%.
On November 6, 2021, Solana (SOL) achieved its highest recorded price of $259.52, while on May 11, 2020, it had its lowest recorded price of $0.503701. Solana’s (SOL) price has decreased from its peak to as low as $8.12 and as high as $208.75 following that decline. As of right now, the market is dominated by a neutral sentiment, with bullish emotion surrounding Solana’s price and a Fear & Greed Index reading of 48.
This price action of the Solana (SOL) token has been an exemplary ascent in the crypto space, which many altcoins have been trying to achieve. The emerging DTX token, however, is anticipated to replicate these gains shortly.
Shiba Inu (SHIB) Fails To Show Impressive Gains!
The popular meme-inspired cryptocurrency Shiba Inu (SHIB) has an interesting deadline this October, as the price history of SHIB promised an increase of at least 200% up to 283%, but until Oct. 14 a mere gain of 2.67% was registered.
Thus, according to the price history of the Shiba Inu (SHIB) token presented by CryptoRank, the historical return for the second largest asset in the meme coin sector of the crypto market in October is 213.2%. Most of this result can be attributed to October 2021, when the price of SHIB soared 833.6% in that month.
However, an even more adjusted median shows a return of 8.21% for the Shiba Inu token in the 10th month of the year. October is usually a green month for the popular meme cryptocurrency, but the results shown do not usually prove the price history. In 2022 and 2023, the price of the Shiba Inu (SHIB) also increased, but only by 10.4% and 6.04%, respectively.
For now, the meme-inspired token is trading at over $0.000018 per SHIB. After a two-week price drop that saw SHIB fall by around 10%, the new week started with a 4.11% gain, which, while not much for the 13th largest cryptocurrency, has managed to reignite the discussion about how beneficial October usually is for the Shiba Inu (SHIB). The hype surrounding the token is now dying.
DTX Exchange (DTX)
DTX Exchange (DTX) gets global attention as it revolutionizes online trading forever. Currently, trading platforms often focus on one asset class. However, the DTX Exchange will change this by allowing people to trade over 120,000 asset classes, including stocks, bonds, cryptocurrencies, etc. Not only that, but DTX Exchange will close the gap between centralized and decentralized exchanges by combining the best features into one platform.
Privacy-conscious traders may look at DTX Exchange as their haven since it will not require any sign-up KYC checks as well. These checks can be very intrusive and time-consuming. DTX Exchange will let traders use up to 1000x leverage on all assets. This feature maximizes trader profit while minimizing their risk.
Those looking to back this project are now buying its native token, DTX. This cryptocurrency is now in phase four of its presale with a value of $0.08 – over a 200% rise from its starting price. However, phase five and a price jump to $0.10 are on the horizon. Experts predict another 30x surge after a Tier-1 crypto exchange lists DTX soon.
Key Takeaways
The “Solana (SOL) killer” hybrid platform- DTX Exchange, has garnered further traction with its rapid ascent to the $5 million club in no time. The current session registers a presale raise of $4.7 million with DTX coin outshining Ripple (XRP).
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