Solana Ecosystem Explodes After Trump Memecoin Launch, But This Viral $0.14 Altcoin Could Be Next

The Solana ecosystem is buzzing with activity following the explosive launch of the Trump memecoin, which sent Solana price (SOL) to an all-time high of $295 and boosted network activity to new heights. But while Solana shines, all eyes are on DTX Exchange (DTX), a $0.14 altcoin with the potential to deliver similar seismic shifts in the crypto market. Let’s take a look into what makes DTX the next Solana in the making.

Family Affair: Will More Trump Tokens Drive Solana Higher?

The L1 network, Solana (SOL), achieved a $35 million daily fee on January 20, more than double its typical fee following the TRUMP memecoin launch. The native token, SOL, reached an all-time high of $295 as a result of this spike in activity. 

Before Trump’s meme coin launch, Solana’s daily trade volume was over $4.5 billion. In a single day, it soared to $28.5 billion, a breathtaking 700% rise.

Analysts predict that this number will rise even more when U.S. traders start to join the craze ahead of Trump’s inauguration event, which saw $27.7 billion in trading volume in the first 12 hours as of Monday morning. Even the Trump memecoin has grown remarkably. Before a 40% correction, the token’s fully diluted value (FDV) was $80 billion, its market capitalization was $15 billion, and it reached its highest point ever at $76. 

As Trump’s inauguration draws near, the token has maintained its value over $60 despite this decline. Solana’s standing as a major participant in the memecoin market has been solidified by Trump’s memecoin debut.

First Lady Melania Trump released her memecoin, MELANIA, on Solana in response to Trump’s memecoin debut. This release has increased on-chain activity on the blockchain even more. It is anticipated by cryptocurrency experts that more Trump family members will issue tokens on Solana in the upcoming months, further driving it up.

DTX Exchange: Solving Crypto’s Biggest Challenges

As Trump memecoin makes a strong buzz in the crypto market, a new project named DTX Exchange (DTX) is the next in line to explode upon its official launch. DTX is an upcoming exchange platform that aims to solve traders’ main pain points and make their lives easier.

These pain points include high costs, a lack of asset variety, centralization, counterparty risk, and restricted access, which have long been the traditional problems that traders deal with. DTX addresses these issues through its hybrid exchange platform that brings the best of centralized and decentralized exchanges together at one place.

Besides its hybrid approach, it offers over 120,000 commodities on its platform which includes stocks, bonds, forex, ETFs, cryptocurrencies, and a lot more. It saves users their time and gives them access to all of the assets under one single platform.

This diverse range of assets and a hybrid approach of the platform is backed by their layer-1 blockchain giant, VulcanX. It is a hybrid network that addresses the limitations faced in private and public networks while ensuring top-notch security. 

Furthermore, the platform ensures maximum reliability of its platform as the project, before its official launch is listed on a top-tier platform CoinMarketCap. This has boosted the platform’s status in the crypto market, drawing the attention of global investors.

Fastest-Growing ICO? Why Investors Are Backing DTX

DTX Exchange (DTX) is currently in its presale phase, which has been a major success in the presale arena. The presale has collected over $12 million in funding despite being launched just a few months ago. The token is currently priced at $0.14 but analysts are anticipating a major price spike ahead as pro-crypto administration of Donald Trump takes place.

Additionally, the token is anticipated to be listed on a major exchange platform. These factors are all set to push this viral altcoin to new heights. Analysts are forecasting a price hike of up to $2, generating 100x returns for all of its early and new investors. If you want to be on the ground floor of such an innovative project, the presale presents a perfect opportunity to join.

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

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Source: https://finbold.com/solana-ecosystem-explodes-after-trump-memecoin-launch-but-this-viral-0-14-altcoin-could-be-next/