Solana (SOL) Begins to Consolidate as Dogecoin (DOGE) and BONK (BONK) Surge

A week after Trump's victory, the decentralized finance (DeFi) of Solana (SOL) saw a huge comeback as the cryptocurrency market continues to grow.

Solana (SOL) DeFi Surges After Trump's Victory

Following U.S. President Donald Trump's recent victory, a surprising surge has been observed in the decentralized finance (DeFi) sector of Solana (SOL), as reported by DeFiLlama.

According to the data, Solana's decentralized exchanges (DEXs) achieved a significant milestone this week, surpassing $5 billion in trade volume for three consecutive days. This marks the first time that SOL has achieved such a feat.

The majority of the billions of Solana DEXs that traded over the week of November 10–16 did so on the Raydium platform. This top Solana DEX accounted for more than 62% of this week's trading volume.

Meanwhile, as Solana continues to surge, several other coins are also experiencing notable gains, including Dogecoin (DOGE) and BONK.

Also, the latest SOL news shows that the new token DTX Exchange will surge 20,000% after its listing on exchanges, making it the best to invest in.

Dogecoin, Solana Locked in a Race in the Crypto Market

Solana, among the biggest cryptocurrencies by market capitalization, is positioned tightly within the top tiers of the market, with only BNB separating it from Dogecoin (DOGE). Both cryptocurrencies have seen their market capitalizations increase significantly over the last 30 days.

Dogecoin's (DOGE) market capitalization is about 0.57 times higher than SOL's. However, the current market conditions suggest that Dogecoin (DOGE) is poised to further narrow this gap.

Solana begins to consolidate at the current level,燦燦Dogecoin (DOGE) will need a further 76% price gain from its present levels to maintain its position as the fourth-largest cryptocurrency by market capitalization. Interestingly, this would see Dogecoin's (DOGE) market capitalization overtake BNB's in the process.

In other news, Binance has announced a new zero-fee spot trading offer for XRP, Dogecoin (DOGE), and Cardano (ADA) trading pairs with the Japanese yen (JPY). This is great news for Binance users in Japan.

The offer, which is valid from November 15 to November 27, 2024, applies only to the JPY pairs. It offers fee-free trades on the Binance Japan platform for both new and returning users.

BONK Price Breakout, a Big Surge is Coming

Bonk (BONK) has garnered significant attention recently due to its price action and strong community support. As per the daily chart, the BONK price has broken out of a triangular pattern following Trump's victory. A price surge could be triggered by a break above the record level, which the BONK price is very close to.

This breakout from the triangular pattern is accompanied by a bullish formation that shows a rounding bottom in September. This bullish trend is indicating increasing momentum in the BONK price.

A significant upward move will begin with a break over $0.00004756. Despite the short-term volatility, the overall trend for the BONK is still positive.

DTX Will Soar 20,000%, According to SOL News

When a new project is listed on CoinMarketCap, it marks a major step toward mainstream adoption. This validates the venture's mission and grants DTX Exchange access to millions more potential investors. The ranking places the platform among the top cryptocurrencies available, and it is also touted by several SOL news sites.

As DTX gains prominence, it exerts greater influence on the global market, presenting benefits to those seeking a hybrid approach to trading in both centralized and decentralized exchanges. With its hybrid Layer-1 Blockchain, an impressive suite of crypto trading tools, and a strong focus on financial inclusion,DTX Exchange is a great candidate for the next major cryptocurrency seeking a home for its investors.

Learn more:

Buy Presale

Visit the DTX Website

Join the DTX Community

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