Welcoming the new year, investors are looking for potential crypto projects with actual use cases and explosive growth capabilities.
Suggestions are popping up everywhere, including the long-time leaders Solana (SOL) and Hedera (HBAR), amid excitement about ETF approval. However, the smart money is flowing elsewhere.
The DeFi newcomer, DTX Exchange (DTX), has experienced a humongous capital influx due to exceptional project developments and a higher value proposition than Solana (SOL). With the token launch inching closer, savvy investors are pouring money into the DTX presale.
Solana (SOL) had an excellent run last year, breaching the past ATH in the fourth quarter of 2024. It has started the new year on a positive note, breaking out of the declining channel pattern, which could be a possible continuation of the previous trend. Solana (SOL) is currently trading at $213.20 after an 13% rise on the weekly charts.
Courtesy: TradingView
The Fibonacci extension drawn on Solana (SOL) charts from the August low to the December low shows future resistance at $235, $272.90, and $329. Breaking through these levels could signal strong bullish momentum in the asset’s future trend. Solana (SOL) has seen tremendous growth in the ecosystem, handling nearly $700 billion in volume; however, market behavior and community sentiments will be huge factors in SOL’s price direction.
Last month, Canary Capital filed an S-1 registration statement for a new HBAR ETF, aiming to give investors direct exposure to Hedera’s HBAR token. This marks the first-ever spot HBAR ETF filling; the recent trending ETFs trending were the SOL and XRP. The HBAR ETF filling surprised many market experts and could potentially be a game-changer for Hedera.
Many technical analysts have expressed optimistic views on how the HBAR ETF could affect the price. The crypto analyst @oroogle on X shared that Hedera could reach $1.80, which is 17-18X the current price. While he mentioned the coin’s high volatility and risk, he suggested buying the token at the $0.50 level.
Due to the broader market weakness, Hedera has performed poorly in the last month, but the HBAR ETF approval and better market conditions can surely pump the price into a blank space.
The excitement for the DeFi viral coin, DTX Exchange (DTX) has increased significantly after the announcement of the exchange listing near June this year. Experts believe that DTX has a lot of room for growth because of its innovative hybrid technology and low capitalization in the presale phase. While there are many bold predictions, on a conservative basis, the DTX token could rise 18,200% after the launch.
If an investor puts $100 in the current presale stage at the price of $0.14, his investment could be worth $18,300 in a matter of months.
This projection is exclusively based on the fundamental analysis of the project. DTX Exchange is the first platform to provide stocks and cryptocurrency in one place, along with 100,000 currency pairs. DTX’s hybrid model has attracted over 920,000 registrations showing traders’ confidence in the platform.
Moreover, the token presale has made a stir in the crypto market reaching $11.25 million with 400,000 wallet addresses holding the token and giving tough competition to Solana (SOL) and Hedera (HBAR). Investors looking to ride the bull market could join this revolutionary project before the presale ends. Join now!
Find out more information about DTX Exchange (DTX) by visiting the links below:
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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