DeFi
Onchain Analyst Calls Solana ‘Free Money’ Under $200, Recommends This $0.04 DeFi Token for Life-Changing Gains
The cryptocurrency market can be a rollercoaster ride, but amid the recent declines, savvy investors are spotting hidden gems. A highly respected on-chain analyst with a proven track record in the blockchain space. They think Solana (SOL) trading below $200 presents a fantastic buying opportunity and have identified an even more exciting prospect: the native token of the DTX exchange, DTX, currently priced at just $0.04. Buckle up and let’s explore why these projects could be your ticket to financial freedom.
VanEck Launches First-Ever Solana Spot ETF, Triggering SOL Rally
Solana (SOL) is seeing rising prices and trading activity, likely fueled by positive developments regarding a potential spot ETF. During the last 24 hours, the SOL Price jumped 3.5% to $144. This price increase coincides with a massive 100.35% increase in trading volume, reaching a staggering $3.1 billion.
The catalyst for this surge appears to be VanEck deposit with the U.S. Securities and Exchange Commission (SEC) for the first-ever Solana spot ETF. VanEck’s move reflects their confidence in Solana’s potential, as highlighted by Matthew Sigel, the firm’s head of digital asset research. Sigel points to Solana’s powerful and accessible blockchain software, as well as its high throughput, low fees, robust security and strong community as key factors making it suitable for an ETF.
Although the launch of Solana ETFs may not happen until 2025, according to Bloomberg Intelligence ETF analyst James Seyffart (who anticipates a potential change in SEC leadership), the news is already having an impact on the market. Following the announcement, SOL price broke above the $123 support level and even broke through the upper boundary of the descending channel pattern, indicating a potential reversal of its recent price trend.
DTX Exchange emerges as a rising star in the crypto market
Solana (SOL) may be a household name in the cryptocurrency world, but a new exchange is making waves: DTX Stock Exchange DTX Stock ExchangeThis rising star has experienced explosive growth, attracting an increase in user activity and witnessing a significant increase in the price of its native DTX token.
What is driving the meteoric rise of DTX Exchange? Innovation seems to be the key. The platform uses distributed liquidity pools, minimizing slippage and ensuring users get the most out of their trades. Additionally, DTX Exchange stands out with a hybrid model. It combines the security and trust of a centralized exchange (CEX) with the privacy benefits of a decentralized exchange (DEX).
One particularly interesting feature is the ability to scale trades up to 1000x without KYC requirements. This feature is likely to appeal to experienced traders looking for amplified returns while maintaining a degree of anonymity.
The ongoing presale is crucial to boost user acquisition and potentially drive up the price of the DTX token. Currently in their second stage, DTX tokens cost $0.04, a 100% increase from the first stage. The price is expected to increase to $0.06 in the next step.
Final overview
The cryptocurrency market presents exciting opportunities for savvy investors. As evidenced by one prominent on-chain analyst calling Solana (SOL) under $200 “free money,” strong technical fundamentals and a thriving ecosystem can fuel significant growth. But the potential doesn’t stop there. The analyst also recommends a new DeFi token on the DTX exchange, currently available for just $0.04. This token’s low price and potential for explosive growth alongside Solana make it an attractive option for investors looking for life-changing gains.
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Read also: GSR Predicts Solana Spot ETF Approval and Significant Price Rise