According to recent reports, Ethereum (ETH) might see more price declines in the coming weeks as the Ethereum Foundation sends 1,250 ETH to Bitstamp exchange. This comes after Ethereum cofounder Vitalik Buterin converted some meme coins into Ethereum (ETH).
Meanwhile, Solana (SOL) investors are shifting their focus to a new cryptocurrency project called DTX Exchange. The project has raised approximately $4 million and plans to hit $5 million before the year runs out.
Solana (SOL) Has Highest Market Share of Tokens Launched
In a recent tweet, Maximus Hamilton posted a chart from IntoTheBlock that showed the Solana blockchain had the highest share of token launches in 2024. Its market share stood at 87%, followed by the Base network. The tweet also revealed that most of the token launches were memecoins. There are many factors which contributed to this dominance.
The first one is the scalability of Solana (SOL), which provides users with high transaction speed and low fees when creating token smart contracts. In other news, the Solana coin has failed to dominate the price charts. According to CoinMarketCap, it has a loss on the weekly timeframe but has a profit on the monthly timeframe.
Looking ahead, the sentiment around Solana crypto is bearish. The altcoin is trading below the 50-SMA and 200-SMA. Yet, analysts forecast the value of Solana (SOL) could increase to $160.92 in the coming weeks.
DTX Exchange (DTX) Offers Investors 120K Tradable Assets
DTX Exchange (DTX) is a hybrid (centralized and decentralized) exchange that offers unique trading services to its users. It allows them to invest in more than 120,000 tradable assets like ETFs, stocks, indices, gold, forex, bonds, and cryptocurrencies. DTX grants users access to the $714.7 trillion OTC derivatives market, giving it more liquidity than other exchanges. Also, the exchange gives a leverage of 1000x, which investors can use to make more profits.
Unlike other exchanges, DTX Exchange has even incorporated the use of artificial intelligence on its platform, which investors can apply for trading, analyzing, and managing risks. There will also be advanced trading tools to make trading more efficient and increase user’s probability of making a profit. DTX Exchange will also feature a wallet feature that will make withdrawal, depositing, as well as storage of many top crypto coins easy.
These features above have attracted more people to the ongoing DTX Exchange presale. Those who join the presale will have access to rewards and low fees and can trade traditional assets and cryptocurrencies. The DTX token costs $0.06. Analysts have predicted that its price could rise by more than 10x before the end of this year.
Ethereum (ETH) Foundation Allegedly Moves 1,250 ETH To Bitstamp
According to data from Lookonchain, a wallet linked to the Ethereum Foundation has transferred 1,250 ETH to Bitstamp exchange. The wallet initially received about 51,251 ETH from the Ethereum Foundation in November 2015. This transaction joins the series of transfers from the Foundation in the past few months which has affected the price of Ethereum crypto.
Ethereum (ETH) is consolidating between $2.2k and $2.7k on the monthly chart. The Ethereum coin has an immediate resistance at the 50-SMA ($2,530.25). Turning this level into a support could lead to a price surge to $3k. MikybullCrypto forecast the value of the token could soar to $5k in the next few months. On the other hand, a bearish move could push the Ethereum price to former lows.
Why Solana Investors Are Betting Big on DTX
As Solana (SOL) investors continue to diversify, one token stands out in their portfolios: DTX Exchange. This new hybrid token is drawing interest based on its utility and potential price appreciation. Investors looking for the best crypto to invest in now ahead of the next bullish wave should consider DTX Exchange.
Learn more:
Buy Presale
Visit DTX Website
Join The DTX Community
Source: https://blockchainreporter.net/solana-investors-bet-big-on-new-hybrid-token-for-10x-gains-ethereum-foundation-dumps-1250-eth/