SOL ETF on the Cards? Carano Loses Ground – Traders Bet Big on This First Hybrid Exchange Platform

The gap between traditional finance and crypto is gradually being bridged thanks to ETFs. After a decade-long wait, Bitcoin ETFs went live, recently joined by Ethereum ETFs. Next in line might be a Solana (SOL) ETF. Meanwhile, Cardano (ADA) trades on the downside amid recent market downturns.

Also bridging the gap between TradFi and DeFi is DTX Exchange (DTX), the first hybrid exchange platform. It combines elements of centralized and decentralized exchanges under one umbrella—a one-stop platform where users can trade thousands of asset classes. Hence, traders have been betting big, pushing the presale past $2 million in early funding.

DTX Exchange (DTX): The Best New Crypto to Invest in

DTX Exchange (DTX) is a new DeFi project not to miss out on for several reasons. Besides its solid fundamentals, its upside potential is largely unmatched, edging out established cryptocurrencies like Solana and Cardano. Traders have been showing quite a keen interest, flocking in droves to the presale.

The ICO entered the third round earlier this week, inching closer to its market debut. It is competitively priced at $0.06, offering a good entry point to what is building up to be this year’s biggest bull ride. Top analysts project an 85x upswing after listing on Tier-1 exchanges, placing it on the list of the best new cryptos to invest in.

Meanwhile, it is set to break into and reshape the global trading scene, including the stock market, which climbed to $109 trillion in 2023. Its Layer-1 blockchain will integrate traditional assets with cutting-edge Web3 products, allowing users to trade stocks, ETFs, bonds, forex and cryptos. By blending CEX and DEX, it takes a unique approach to trading, hailed as a trailblazer.

Solana (SOL): ETF Buzz Continues

Solana (SOL) is one of the top altcoins, ranking behind Ethereum and BNB. It is also a blockchain and smart contract platform, facilitating the creation of decentralized applications (dApps) and hosting other cryptocurrencies and projects.

It recently made history after the first Solana ETF went live in Brazil. QR Asset Management began offering this investment product on August 21 and it’s already listed on Brazil’s B3 stock exchange on August 28.

However, the prospect of a SOL ETF in the US remains uncertain. The US SEC has reportedly halted the approval process for this product, citing ongoing concerns about its classification as a security. Amid this uncertainty, the Solana price is below $150, following the recent wider market dump.

Cardano (ADA): Teeters Around $0.3 Support

Cardano (ADA), another top altcoin, trades on the downside. Previously registered gains have been erased, sparking concerns among holders. Contributing to its downturn are the border market decline and profit-taking among investors.

On the monthly chart, the Cardano price is down by over 10%. It teeters around the $0.3 support, which it might lose if selling pressure intensifies. On the other hand, more bullish forecasts hint at a breakout in the coming days.

A Cardano price prediction suggests a rally past $0.5 before the end of quarter three. This will push it closer to its annual peak of $0.7 and clear a path toward a jump above $1 before the year’s end. Despite short-term price fluctuations, ADA remains one of the best coins to invest in.

Conclusion

While a Solana ETF in the US is uncertain, Brazil leads the charge after the first SOL ETF went live in South America. Meanwhile, Cardano trades on the downside, while DTX Exchange, an emerging altcoin, becomes an investor favorite. This new DeFi project is set to reshape the global trading scene, making it a new token worth betting on.

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