Pump.Fun Dumps 98,000 SOL; Ethereum and This DeFi Coin Poised For Epic Rally

Amid the volatility in the crypto market, there has been a rise in the number of selloffs. Pump.Fun, the Solana-based innovator, has offloaded 98,000 SOL to Kraken Exchange causing a major blow to Solana (SOL) investors. 

On the other hand, Ted forecasts the value of Ethereum (ETH) could skyrocket to $10k in the coming months if it breaks the resistance at $4k. Meanwhile, DTX Exchange (DTX) has emerged as the best crypto investment in the market. Being a trading platform with advanced solutions, DTX has recorded 700% growth and raised $13.3 million in its presale.

Solana (SOL) Price Dumps Amid Selloff From Pump.Fun

Solana (SOL) is under bearish pressure from the general market. CoinMarketCap data shows the price of the Solana coin has dipped by 6.4% in the weekly timeframe. The cryptocurrency is currently trading under the $250 region and could fall to $200 if the correction continues.

Meanwhile, data from Lookonchain reveals that Pump.Fun has moved about 98,000 SOL  to Kraken Exchange. The platform could sell them in the coming days, a move that could affect the Solana price. Lookonchain revealed the platform has sold over 264,373 $SOL in the past few weeks. 

Although the Solana crypto experienced a general price drop, market gurus are optimistic about the future price prospects of the token. Curbo expects the value of the Solana coin to surge to $1k in the next few months. With the growing push for a Solana ETF, SOL could see a massive rally in the future if an ETF is approved.

Ethereum (ETH) Could Hit $9k-$10k If It Crosses $4k Resistance

Ted, an investor and an entrepreneur in the crypto space, is positive that Ethereum (ETH) could break out of its current bearish trend. He said the altcoin has established higher lows in the longer timeframe. Ted points to $4,000 as the most important level of resistance, noting that regaining this level could push the Ethereum price to new record highs. 

If a breakout happens, he believes that the value of the Ethereum token could rise to $9,000-$10,000 in the next three to four months. Interestingly, this prediction comes as the cryptocurrency battles with bearish pressure. Data from CoinMarketCap shows the Ethereum crypto price has plunged by 2.1% and 5.4% on the weekly and monthly timeframes, respectively. 

DTX Exchange (DTX) Blends CeFi And DeFi, Presale Figures Skyrockets

DTX Exchange (DTX) is a relatively new exchange that seeks to blend the best of centralized and decentralized exchanges. This hybrid platform aims at providing users with the best of both worlds; low fees, fast transactions, high liquidity, and anonymous trading. The platform is built on top of the Layer-1 hybrid blockchain technology called VulcanX. 

The aim of VulcanX is to eliminate the drawbacks of fully public or private networks with improved security and performance. Notably, during the testnet stage, VulcanX accomplished a processing speed of over 200k transactions per second, making it a high-speed contender in the blockchain market.

This speed would make trading multiple assets like cryptocurrencies, stocks, Forex pairs, precious metals, and ETFs faster on the DTX Exchange. Meanwhile, the platform’s native token, DTX, is in its crypto ICO stage and is currently valued at $0.16. It is expected that the price might rise to $1 this quarter. Due to this projection, there has been interest in investors who care to get higher returns as shown below. 

Can This New DeFi Coin Outshine Ethereum (ETH)?

While Solana (SOL) is battling with huge selloffs, smart investors are rushing to invest in projects that have good growth prospects. Although the future looks bright for Ethereum (ETH), DTX Exchange has more growth potential. Its low market cap and connection to the traditional market could attract a lot of investors which could lead to a massive price surge.

Find out more information about DTX Exchange (DTX) by visiting the links below:

Buy Presale

Visit DTX Website

Join The DTX Community

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