As Musk’s viral tweet brings Dogecoin (DOGE) to prominence, Solana (SOL) could regain its buying demand as investors remain strong amid the shifting market trends. DTX Exchange’s token is poised to hit an all-time high in September as its fast-selling presale approaches completion.
Irrespective of the sluggish movement around Bitcoin (BTC) and Ethereum (ETH), Solana (SOL) has been pushing back the growing pessimistic sentiment around it. Solana (SOL) has proven to be a strong asset in the bearish market, which shows that it is likely to lead Ethereum (ETH) and other major projects in the near term.
According to Amberdata, Solana (SOL) has received a much-increased investor response compared to Ethereum (ETH). Where the Solana (SOL) network’s one-month skew has moved above zero, Ethereum’s one-month skew has hovered around -2%. This technical indicator displays Solana (SOL) as a strong contender against Ethereum (ETH).
While the future outlook for Solana (SOL) appears bullish, its one-day performance supports the bullish narrative. Solana (SOL) has surged by 6.37%, with a notable surge in its $63.32 billion market cap and a 26.32% increase in its $2.20 billion 24-hour trading volume. This sudden surge in demand is poised to drive more inflows into the Solana (SOL) network shortly.
Dogecoin (DOGE) price has surged by a mind-blowing 6% after a Dogecoin (DOGE) enthusiast posted an image of the memecoin with Elon Musk, claiming the billionaire as the ‘Dogefather’. This social engagement triggered an increased trading volume in the market in minutes, making Dogecoin (DOGE) the price climb a notable surge in the last 24 hours.
Since the X post went viral, investors and Dogecoin (DOGE) community members have displayed positive sentiments about it in the crypto market. In a short span of time, the Dogecoin (DOGE) whales and short-term investors have pumped by purchasing over 60 billion units of Dogecoin (DOGE).
Such a rise in the Dogecoin (DOGE) network’s accumulation is going to bring it near a major support level. On the contrary, Dogecoin (DOGE) could also go from a breakout to a correction if the investors find this a break-even opportunity and offload in a short span of time to secure gains.
DTX Exchange (DTX) is among the top 3 cryptocurrencies right now, including Solana (SOL) and Dogecoin (DOGE). This deFi sensation has made it to the elite ranks through its cutting-edge blockchain technology, making it stand out among the rest. Investors are putting DTX Exchange before other crypto assets as this platform is poised to hit 10x in the next cycle.
The DTX Exchange deploys state-of-the-art features and trading options that make it an ideal investment opportunity during times when the broader market sentiment isn’t reliable. Amid the shifting market trends, investors find it safe to invest their capital in DTX Exchange based on its advanced technological developments and an upcoming VulcanX upgrade.
The platform also has an all-in-one DTX wallet that is scheduled to go live in the coming weeks. The DTX wallet is going to be a game-changing feature for the DTX community, with robust security protocols, user privacy, and multitier accounts.
With the growing investor confidence and market demand, the DTX Exchange has secured another million in its limited-time presale. This presale round is hosting DTX tokens at $0.06, with expectations of it climbing by $0.08 in presale round 4. More and more investors move into this viral presale powerhouse as it becomes the next big thing in the market.
The fast-selling momentum displayed by the DTX Exchange has pulled investors from different projects and networks, making it one of the biggest presales of the year. As DTX Exchange lines up more technological upgrades and blockchain developments into its exchange, more investors and developers move toward the platform for AI-powered trading and massive gains.
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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.
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