Charles Hoskinson Picks LayerZero Promising New Altcoin Priced At $0.06 Ahead of Solana
In a surprising move, Charles Hoskinson, Cardano cofounder, has taken another swipe against Solana. He has thrown in support for LayerZero (ZRO) and another new altcoin, DTX Exchange.
According to him, these coins have more potential than Solana (SOL). Besides, LayerZero is showing gains on the monthly and weekly timeframes. Also, analysts say the DTX Exchange could soar by 10x from its current price of $0.06 in the next few months.
Charles Hoskinson Says Cardano is Stronger Than Solana (SOL)
Cardano boss Charles Hoskinson has always placed the Cardano coin above Solana (SOL) over the years, citing the former is more efficient and faster than the latter. Despite the criticism, Solana coin continues to top ADA on the crypto ladder.
It has maintained its position among the top 5 cryptocurrencies. Data from CoinMarketCap shows its value has increased on the weekly, biweekly, and monthly timeframes. The Solana crypto price is trading between $120 and $160 on the 30-day chart. Its market cap is around the $55-$75 billion mark. Analysts remain bullish about Solana.
Its technical indicators are currently bullish. The cryptocurrency is trading above the 50-SMA ($142.09) and 200-SMA ($146.78), a sign of bullish control. Coincodex forecasts that the Solana price could soar to $179.55 in the next few weeks. Other analysts expect a price rebound to $250 before the end of December.
Charles Hoskinson Picks Interest in LayerZero (ZRO)
LayerZero (ZRO) is gaining attention for its ability to facilitate the secure and efficient transfer of information between blockchains. Even Hoskinson has been drawn to the network, which processes over 100,000 TPS. Presently, the LayerZero coin is among the top performers in the market right now.
Data from CoinMarketCap shows the value of the token is up 23.4% on the biweekly chart and 14.8% on the monthly level. Looking ahead, experts are optimistic about the future of LayerZero crypto. They say it could become a leader in the interoperability sector. So, they expect more adoption and price increases to follow in the coming weeks.
Coincodex is also bullish about the token, whose 14-day RSI is above the 70 mark. They say LayerZero (ZRO) could rally to $6.34 in the short run and $15.99 in the long run. Asiananonxbt predicts LayerZero price could rally to $8.8778 in the coming months.
Low-Priced Altcoin, DTX Exchange (DTX) Set for 10x Gains
Cardano’s founder has taken notice of DTX Exchange (DTX), a new DeFi project that aims to bridge the gap between DeFi and TradFi. The project is in the presale stage and is valued at $0.06. Analysts forecast an increase of 10x in the coming months. Also, the project has raised over $3.3 million in funding, which it plans to accelerate the rollout of DTX products, including the layer-1 blockchain and wallet application.
These features are important for developing a decentralized environment. The goal of DTX Exchange (DTX) is to establish an advanced platform that merges traditional and decentralized assets into one solution. On this DeFi exchange platform, retail traders gain access to trading assets like stocks, cryptocurrencies, forex, CFDs, bonds, etc.
They also gain access to a wide array of trading tools that can make decision-making easier. In addition to this, DTX Exchange does not have KYC checks and allows anonymous trading. For those passionate about crypto trading, DTX Exchange offers a simple design and easy-to-use interface that makes it the preferred choice for both new and professional traders.
Final Thoughts on LayerZero (ZRO) and DTX Exchange
With Hoskinson showing support for LayerZero (ZRO) and DTX Exchange, analysts believe they are the best cryptos to invest in now. They forecast their prices could skyrocket in the coming weeks. So, investors looking for top coins to add to their portfolio can consider LayerZero and DTX Exchange.
Learn more:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
