Solana Leads BNB After Trump's Triumph: Surges By 17%, DTX Exchange (DTX) Undeterred From Rally Targeting New Highs

Solana's recent surge in the network has placed it in the fourth-largest crypto position, following only Bitcoin (BTC), Ethereum (ETH), and Tether.

Solana (SOL) Leads BNB After Trump's Triumph, Surges By 17%

Solana's recent network surge has pushed it to become the fourth-largest cryptocurrency, trailing only Bitcoin (BTC), Ethereum (ETH), and Tether. The SOL token price is having a field day, with its value surging over 17% in the last 24 hours. This recent surge was enough to propel it above the BNB blockchain, claiming the spot as the 4th largest crypto by market capitalization.

Investors Eye Solana ETF in 2025

According to market pundits, if Trump wins the presidency, it could lead to regulatory changes that will greatly benefit digital assets. The common thinking is that a Trump administration would be crypto-friendly and could clear the path for Solana's ETF to launch early in 2025.

This theory was recently supported by Syncracy Capital co-founder Daniel Cheung in a recent X post. Cheung suggested that a Republican sweep would have far more implications for the crypto industry than people had anticipated. These predictions by Cheung have gotten investors excited and may be part of the reason for the market's recent big gains.

بازار Reacts to Trump's Potential Crypto-Friendly Policies

Signs of a Solana ETF approval first surfaced when Cboe filed regulatory documents with the Securities and Exchange Commission (SEC) in July. As Coinspeaker reported earlier, Cboe sought to list VanEck's and 21Shares' potential spot Solana ETFs. At the time, Rennick Palley noted that Solana appeared well-positioned as the next major token to gain ETF approval.

With the scales now tipping more in favor of a Trump administration viewing coins like SOL as tokens and not securities, it is now very likely that an SOL ETF approval might be just around the corner. Over the past 24 hours, Solana achieved a trading volume of $9.2 billion, which is a major boost from the previous day's $3.2 billion. According to Coingecko, its market cap also surged past $87.1 billion as SOL's value crossed $184.

Bullish Whale Injects $500,000 In DTX Following Presale Success

DTX Exchange (DTX) is a layer-1 blockchain platform and hybrid crypto trading exchange that allows users to trade cryptos, forex, equities, and CFDs. It boasts top-notch infrastructure and highly lucrative trading features to provide beneficial opportunities. Following its massive success in its presale stage, DTX Exchange has officially gone live on CoinMarketCap.

DTX Exchange enables traders to break free from trading limitations and benefit from a wide range of possibilities with its 120,000 trading instruments. From experienced investors to novice traders, DTX Exchange offers something for everyone. Its versatile offerings span traditional assets to cutting-edge synths, derivatives, and more!

DTX Exchange's Testnet Debut Pulls Solana InvestorsAfter its successful CMC listing, DTX Exchange (DTX) rolled out the Testnet environment to enable developers and investors to test the platform without risking actual assets. This strategy allowed DTX Exchange to spot and resolve bugs before launching the mainnet.

In addition to introducing viral tools from time to time, DTX Exchange also offers a wealth of charts, graphs, and analytical tools to empower traders to make the best possible decisions and stay ahead of the curve. As Solana eyes a potential rally, DTX Exchange (DTX) is well-equipped to lead its rival with a strong presale rally and growing investor confidence.

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