Solana (SOL) Might Breakout Amid Market Volatility, But DTX Exchange (DTX) Has Captured the Market as the 'Solana Killer'

Nicknamed by market enthusiasts and expert analysts, this new deFi platform has gained popularity for its hybrid trading model and easily affordable price point below $1 mark.

Solana (SOL) Might Breakout Amid Market Volatility

The Solana (SOL) network has just shown a strong comeback signal as its blockchain and on-chain metrics have regained momentum, displaying strong performance after a short-term fluctuation. The Solana (SOL) token surged and retested the crucial $180 resistance point, which is the highest resistance level since Jul 31, 2024.

From then on, Solana (SOL) has surged by 60% from its lowest point on August 8. During that time, most of the assets declined due to the outflow of the Japanese yen carry trade. Based on recent statistics, Solana (SOL) has dominated Ethereum (ETH) – supposedly its biggest competitor. Ethereum (ETH) has also just increased by 20% from its August lows.

Analysts are crediting the recent bullish rally to the Solana (SOL) network’s renowned success in the memecoin sector. According to data from CoinGecko, Solana (SOL) memecoins have accumulated over $11.7 billion in valuation. Dogwifhat (WIF) owns a hefty $2.5 billion market cap alone as the largest memecoin in the Solana (SOL) network.

Heated Rivalry Between Solana (SOL) And DTX Exchange (DTX)

The analysts aren’t leaving Solana (SOL) and DTX Exchange (DTX) alone due to their close-knit battle in the crypto market. Data from Blockworks Research shows that the Solana (SOL) network’s Real Economic Value, which consists of transaction fees and maximal extractable value, peaked at a record high today.

Additionally, the Solana (SOL) network’s total value locked (TVL) has surged by 23% to $6.4 billion in the last 30 days. In comparison to its biggest competitors, Ethereum (ETH) and Tron (TRX) have dipped by 2.1% and 11.5%, respectively. In October alone, Solana (SOL) has scored the highest numbers, regaining the lost investor confidence and price action.

As Solana (SOL) continues its bullish rally after investors rejoin the network, the DTX Exchange (DTX) also stands tall as investors are equally pumping this ‘Solana killer’ with its rapidly growing deFi platform. Analysts forecast that DTX Exchange (DTX) is poised to take over Solana (SOL) with its highly attractive price point far below Solana’s current trading value.

Solana Killer DTX Exchange Rolls Out A 50% Bonus On Any Deposit!

DTX Exchange (DTX) is leading Solana (SOL) amid the broader market downturn in many ways. Its $0.08 low price point makes it easily affordable for investors and traders who do not want to pitch in a hefty amount of money behind projects that show volatility and solely rely on market sentiments to show strong performance and deliver gains.

On the other hand, DTX Exchange’s recent 50% extra bonus announcement on any deposit has made it viral among other crypto projects as investors are increasingly moving towards this presale powerhouse to claim their 50%. Moreover, DTX Exchange’s lightning-fast execution speed also leads it ahead of the Solana (SOL) blockchain, with its mind-blowing 10,000 TPS.

Investors Flock to DTX Exchange: Presale Reaches $6M Milestone

DTX Exchange (DTX) is pulling investors close with its state-of-the-art infrastructure and innovative solutions that give it an edge over the constantly shifting market sentiment. DTX Exchange addresses potential trading challenges through a wide range of solutions. It leverages cutting-edge technologies and decentralized principles to redefine the trading experience for users.

As Solana (SOL) and DTX Exchange (DTX) compete closely with one another, investors show their growing confidence in the new entrant for its 25x opportunities and enticing benefits. Its ongoing presale is approaching the $6 million milestone as traders prefer DTX over SOL.

If you haven’t joined DTX already, sign up today and stay ahead of the curve with DTX Exchange’s robust hybrid model. Happy trading!

Learn more:

Buy Presale

Visit DTX Website

Join The DTX CommunitySolana (SOL) price analysis for 18 November 2023 reveals a bullish trend as the price of SOL has increased by 1.5% in the last 24 hours and currently trades at $174.03. Resistance for SOL is present at the $176.03 level, while support is present at the $168.03 level. The digital asset has a 24-hour trading volume of $640,806,808, indicating a 1.5% decrease in price.

Solana (SOL) price analysis on 18 November 2023

The above is the detailed content of Solana (SOL) Might Breakout Amid Market Volatility, But DTX Exchange (DTX) Has Captured the Market as the 'Solana Killer'. For more information, please follow other related articles on the PHP Chinese website!