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The crypto market is showing signs of recovery, as Michael van de Poppe made some bullish statements. He says that global debt refinancing could cause a jump in global liquidity, which would help the crypto space. In this environment, three coins could skyrocket: Solana (SOL), DTX Exchange (DTX) and Ethereum (ETH).
Bybit Research has expressed bullish views about Solana (SOL), while DTX Exchange (DTX) recently launched its L1 blockchain. Meanwhile, Wolf, a well-known analyst, made a bold price prediction for Ethereum (ETH).
Solana (SOL): Bybit With a Bold Statement
Solana (SOL) is a crypto that has increased on the price charts. CoinMarketCap shows that the price of Solana (SOL) jumped over 1% in the past week alone. Bybit Research also remains bullish for this crypto. In their new report, they said that its liquid staking sector may lead Solana (SOL) to the next level in adoption.
This report came after Binance launched BNSOL, a new liquid staking token for Solana (SOL). Those who stake their SOL on Binance receive this token in return. Due to all these factors, market analysts have made a new Solana price prediction. They foresee the Solana crypto trading at $140 before October 2024 ends.
DTX Exchange (DTX): The Next Big Thing
DTX Exchange (DTX) is also making headlines in the crypto space. This is because its presale has already raised over $2.6M and could reach $3M soon. Recently, it launched its L1 blockchain, which will serve as the foundation of this innovative hybrid trading platform. Some big-time crypto influencers like CryptoDexWorld think of DTX Exchange as the next ultimate exchange.
Essentially, DTX Exchange will launch a hybrid trading platform combining CEX and DEX features. Therefore, people can buy over 120K asset classes like stocks, gold and crypto coins at a 1000x leverage. Not only that, DTX Exchange also will have fast transaction speeds of 0.04 seconds and no sign-up KYC checks – giving it an advantage over Binance or Coinbase.
The DTX utility token will power this platform. It now costs $0.06 in Stage 3 of its presale – a 200% rise from its starting price of $0.02. But, this price will jump to $0.08 once Stage 4 begins. Plus, experts predict another 30x increase after a Tier-1 CEX listing happens for DTX soon.
Ethereum (ETH): May Skyrocket in 2025
Ethereum (ETH) has seen some turbulence recently. Over the past week alone, the Ethereum price fell by nearly 1%, according to CoinMarketCap. However, crypto analyst Wolf sees a major reversal coming. According to his X post, most people are not ready for what may come for Ethereum (ETH) in 2025. He predicts a potential surge to $10,000.
The Ethereum crypto trades above its 20-day exponential and simple moving averages. Plus, its momentum is 92.5, which is in the buy zone. As a result, experts foresee a potential rise to $2,500 in their Ethereum price prediction for October 2024.
Solana (SOL) vs. DTX Exchange (DTX) vs. Ethereum (ETH) – Which Crypto Will Surge First?
In the crypto market, all these tokens could skyrocket. But DTX Exchange (DTX) gains the upper hand over Solana (SOL) and Ethereum (ETH). This is because DTX has a smaller market cap and is tied to the $17T gold market. With these perks, this rookie needs less new money for its price to skyrocket while having more stability.
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Source: https://finbold.com/solana-sol-dtx-exchange-dtx-and-ethereum-eth-these-coins-are-on-the-verge-of-a-bull-run/