How High Can Solana Price Go After FTX Pays Back $16.6 Billion? Expert Predicts 15,250% Surge for Viral Altcoin

As FTX gears up to repay $16.6 billion to creditors, the crypto market is buzzing with speculation about its ripple effects, particularly for Solana (SOL). Experts predict this event could trigger a historic price rally for SOL while simultaneously shining a spotlight on the rising star, DTX Exchange (DTX), a viral altcoin all set for exponential growth. Let’s find out how.

FTX’s $16.6 Billion Payback: A Catalyst for Change

Following the FTX repayment timeline outlined in a previous CNF report, the $16.6 billion disbursement is scheduled to commence in January 2025. The troubled cryptocurrency exchange FTX is proceeding with its attempt to reimburse its creditors.

The first payouts, which will total around $1.2 billion, will give preference to smaller creditors with claims under $50,000. Creditor Sunil Kavuri stated in a recent post on January 12 that more disbursements will continue throughout early March, with the first payments anticipated in February.

To obtain payments, creditors must fill out tax and identification verification forms by January 20. If deadlines are not met, payments may be missed.

$207 Today, $500 Tomorrow? Solana’s Bullish Forecasts

Solana’s (SOL) current price is $207.2, with a market capitalization of $90.64 billion; nevertheless, it has declined by 4.91% in the last week and surged only 1% in the last day.

Despite these bearish metrics, a lot of experts think that if FTX’s current legal action leads to the recovery of its $16.6 billion in assets, it might spark off an all-time high (ATH) rally for Solana. As traders seek to capitalize on expected price increases, such actions may expand over time due to purchasing pressure on Solana, pushing SOL to its ATH of $500.

Additionally, according to recent forecasts from industry insiders, Solana ETFs may be approved by regulators in the near time. Five asset management firms have already submitted applications for spot Solana ETFs, indicating a growing interest in this asset class.

The SEC is presently 80% likely to approve these ETFs, according to Polymarket, which is encouraged by the recent approvals of investment products for Ethereum and Bitcoin.

120,000 Commodities, One Interface: DTX’s Unified Vision

DTX Exchange (DTX) is an upcoming exchange platform that is all set to change our perception of the finance world. It aims to bridge the gap between centralized and decentralized exchange, bringing them together on one platform. The custody part is supposed to be decentralized whereas the performance of the platform will mimic centralized exchanges.

This hybrid platform is powered by their VulcanX, which is their layer-1 blockchain giant. Its testnet recently went live, giving an expected 200,000 transactions per second (TPS), setting itself apart from the crowd of exchange platforms out there in the market.

The platform further aims to unify over 120,000 commodities on its platform and make them available to be traded from a single unified interface of DTX Exchange. In this way, DTX users will save a lot of their time wasted in switching between multiple platforms to manage different classes of assets.

The project despite being in its early phase, has gained quite a lot of buzz, all thanks to its innovative aim and cutting-edge technology. The platform’s native token, DTX, is anticipated to be listed on a tier-1 exchange platform in the second quarter of the year. Analysts are forecasting a major price hike ahead of this listing.

What Analysts Are Saying About DTX’s Future Price Surge

DTX Exchange (DTX) is currently in its presale phase and is marking new milestones every day in the presale arena. The presale recently crossed $11.8 million in funding from investors all around the globe. Six presale rounds have already been sold out completely.

Analysts are forecasting a major price rally for DTX, which can see gains up to 15,250%. This is due to the emerging DTX repayment catalyst. Currently, in the seventh stage, each DTX token is available for only $0.14. It is an excellent opportunity as this price point offers a low-cost entry point to a project with the highest profit potential.

To know more about the DTX Exchange ecosystem, Check out:

Buy Presale

Visit Website

Join Community

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.