While the overall crypto market is in limbo with repeated shocks over the past month, favored cryptos like Dogecoin and Solana’s prices had some support initially. SOL-based coins like Dogecoin were boosted by SOL’s popularity with dApp developers and overall technical strength. More recently, Solana’s price got some support from the launch of the TRUMP and Melania coins on its network. Dogecoin also got a short-term boost before getting cannibalized by these coins. Both Dogecoin and Solana prices have been down by double digits over the past week. Meanwhile, strong utility projects like DTX Exchange (DTX) are evolving into major investment choices with their stable growth potential. DTX Exchange is set for a listing in Q2 and is grabbing investor attention with its innovative trading features and current low token price of $0.16. Solana Price Loses $200 Key Support Solana (SOL) is one of the technically strong networks out there that has support from the developer community due to its high-speed network. The SOL blockchain had one of the fastest TPS (transaction processing speeds) in the industry. This mantle has now been taken over by DTX Exchange. Despite the drop in Solana’s price, its growth potential is strong. Market data shows that Solana’s price is down by over 17% in the weekly charts, with a decline in market volume of 38%. SOL has ranged between a top price of $241 and a low of $183. The current price is just below $200, a crucial psychological price for investors. Community sentiment is bullish, which indicates that Solana’s price action could rebound toward the $250 level once markets regain bull momentum. Dogecoin Drops 22% As Bears Overpower Meme Coins In the past week, Dogecoin has dropped deeply, falling from $0.33 to a low of $0.22 before recovering to the current price of $0.26. The price drop in Dogecoin is comparable to the declining patterns observed in the Solana (SOL) token during the period. The price drop started when Dogecoin was unable to sustain support above the resistance level of $0.34. The market volume is down by 43%, as it seems like investors are recuperating from their losses and waiting for some promising movements to emerge. It explains why many have shifted to DTX Exchange with its higher returns and real-life utility. DTX Exchange: Advanced Hybrid Trading Features DTX Exchange (DTX) is a trading exchange that is reducing the gap between centralized and decentralized finance. The platform offers over 120,000 asset combinations, like cryptos, forex, and equities. By saving investors from the hassle of switching between platforms to manage different asset classes, DTX is changing the trading process. The platform is powered by a powerful layer-1 blockchain giant, VulcanX. Its testnet is already live on the platform and has given an estimated TPS of over 200,000, setting itself as one of the fastest, beating Solana. With its innovative and convenient trading features and modern infrastructure, DTX Exchange provides users with unmatched trading opportunities. These include up to 1000x leverage and a distributed liquidity pool. The project is currently in its final presale phase, which has crossed over $13.5 million in funding. Each DTX token is priced at $0.16 and is preparing for a tier-1 listing in the second quarter of the year. Analysts are anticipating a major price surge upon its listing. Key Takeaways With Solana’s price and Dogecoin volatility, investors are looking for the next big thing, and DTX Exchange is stepping into the spotlight. With its rapid early growth, Dogecoin made its early investors millionaires; now, analysts see a similar prospect with DTX Exchange. As Solana-based meme coins and DOGE go through a heavy bear spell, DTX is proving itself as a strong contender in the crypto space, raising $13.5 million in its presale and readying up for its major listing in Q2. To know more about the DTX Exchange ecosystem, check out: Buy Presale Visit Website Join Community Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
