When Will Solana Price Hit $300? Technical Analysis Points To Flash Rally Like Cardano in 2021

From its high transaction speed and its burgeoning decentralized application (dApp) ecosystem, Solana (SOL) has shot up the ranks. Solana’s Layer-1 blockchain platform can process thousands of transactions per second—a feature that keeps drawing DeFi and NFT projects to its ecosystem. Increasing nearly 40% on the monthly charts, Solana is changing hands around $210.

Source: CoinMarketCap

Solana is making waves on the charts and technical indicators, as a rally nears. In the short term, if Bitcoin continues to maintain its bullish trend, Solana’s price could easily climb above its previous ATH of $260 in 2021, and potentially towards $300 before new years.

Cardano (ADA): Lessons from 2021’s Meteoric Rise

The story of Cardano’s 2021 bull run is a crucial case study for crypto enthusiasts of explosive growth. During the height of the bull market, ADA has managed to climb to over $3.00, an important marker for the Layer-1 blockchain. Unique features like on chain governance and smart contract functionality put Cardano on top among investors. Since then ADA experienced a major correction of 90%, trading around $0.35 for months.

Source: CoinMarketCap

With the Bitcoin boom, Cardano is one of the most profitable coins. Almost doubling, ADA’s price is up by 90% on the monthly charts, jumping at the #9 position by market cap.

Investors will look to ADA’s history as a benchmark for SOL’s potential path and this trajectory will closely mirror Solana’s. As an example for those who are exploring the altcoin market, Cardano’s case shows that when prices are favorable, they can move very fast, and from this example it would not be surprising if Solana could go through the same thing in the near term.

The Next Cardano?

While Solana and Cardano were being discussed, DTX Exchange (DTX) is a hot new project bridging the gap between CEX and DEX exchanges. DTX’s hybrid platform will be able to utilize a broad range of trading instruments, from crypto and stocks to commodities, all in one place through a unique hybrid approach: integrating the traditional finance (TradFi) and the decentralized finance (DeFi) products.

Still in its very early stages, the DTX token is priced at just $0.10 during presale, and it actually got access to more than $8M in fundraising already. And unlike other traditional exchanges, DTX’s proprietary blockchain—VulcanX—has on chain verification and wallet to wallet trading; putting it at the center of the $250 billion global trading market. Investors looking for advanced trading tools, a seamless experience between TradFi and DeFi, and a project with a lot of upside to gain will want to give this platform a shot.

The DTX token is set up for explosive growth with the hope to raise levels toward listing on Tier-1 exchanges. DTX Exchange is a blend of CEX and DEX capabilities, and it’s one of the best new cryptos to watch because industry experts believe it could gain 50x – 100x post listing. Solana is racing to get to $300, while Cardano looks to retake $1, and among the potential options for traders seeking to expose themselves to platforms of the future is DTX Exchange.

Missed Cardano, DTX is the Future!

SOL’s strong ecosystem and ADA’s record of performance continue to entice investors as the market begins to rally. But if you missed Solana or Cardano in 2021, DTX Exchange’s hybrid platform and its unique approach to TradFi and DeFi makes it an appealing project having significant upside. If you are interested in altcoins with potential of strong growth, DTX stands at the forefront of the blockchain finance evolution.

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