Home web3.0 Solana and NEAR Protocol Investors Flock to the Presale of a New DeFi Coin, DTX Exchange, Enticed by Its Potential for 50x Returns

Solana and NEAR Protocol Investors Flock to the Presale of a New DeFi Coin, DTX Exchange, Enticed by Its Potential for 50x Returns

Oct 17, 2024 am 03:42 AM
solana Presale DeFi NEAR

The decentralized finance (DeFi) world keeps attracting investors looking for the next big opportunity in the cryptocurrency space.

Solana and NEAR Protocol Investors Flock to the Presale of a New DeFi Coin, DTX Exchange, Enticed by Its Potential for 50x Returns

Investors from Solana (SOL) and NEAR Protocol (NEAR) are turning to a new decentralized finance (DeFi) coin presale, enticed by the potential of massive gains.

With SOL and NEAR recording strong on-chain activity and positive price momentum recently, the excitement around the new coin’s potential for 50x returns is at an all-time high. But is this DeFi coin really the next big thing?

Solana surges as on-chain activity boosts market momentumSolana continued its upside trend in the past week, surging above $150.15 on October 14, 2024. On-chain metrics and an increasing number of holders of meme coins hosted on the Solana blockchain are the main market movers that show the potential for a SOL price rally.

Solana meme coins have surged in token holders in the past month. On that note, meme coin analyst Murad shared statistics in a recent tweet, adding that a super cycle might be coming up.

Normally, a surge in token holders is considered a bullish sign for an asset since it shows a growing demand for SOL among investors. Notable on-chain metrics, including number of transactions and active addresses on Solana, surged in the past month, according to Artemis data.

On October 15, SOL was trading at $155.64, up 5.37% in the past week. Experts say SOL will rise to $164.85 this month, supported by increased demand. Despite the expected SOL surge, investors are turning to a new DeFi coin that promises up to 50x growth in the coming months.

NEAR Protocol’s network activity surge drives bullish momentumIn the past month, NEAR Protocol has gained over 20% in value despite the recent market drop. Several factors were believed to be behind NEAR’s strong performance.

NEAR Protocol finished its NEAR 2.0 system update on August 12, 2024, incorporating blockchain sharding into its ecosystem. The new development can support massive developer and user adoption of the NEAR project, which recently increased its value.

However, on-chain data shows massive growth in network activities and operations on NEAR Protocol in September. Transactions surged by around 42% between August 25 and October 6. On that note, the massive activity helped increase NEAR-based protocols’ total value locked (TVL), based on DeFiLlama data.

Although the upside movement has cooled off due to the market-wide drop at the beginning of October, NEAR remains bullish. On October 15, NEAR was trading at $5.05, down 2.53% in the past week. Analysts say NEAR will continue to recover to trade at $6.15 by the end of this month, supported by developments on its network.

As NEAR rises, investors are also keeping an eye on a new DeFi coin that has massive growth potential.

DTX Exchange emerges as 2024’s fastest-growing presaleDTX Exchange ranks among the fastest-growing crypto presales in 2024 as investors see its massive growth potential that could make it the next biggest trading platform.

The DeFi project has attracted many investors since it consists of the first-ever hybrid blockchain boosted with end-to-end solutions that no other exchange offers.

DTX Exchange offers leverage of up to 1000x and gas-free trading, which has helped its presale sell out rapidly. Since its launch, DTX’s presale has raised over $4.6 million. In that context, DTX Exchange will dominate the market with its advanced features, AI incorporation, quant & algo trading, and advanced automation strategies.

DTX Exchange’s easy-to-use interface has ensured crypto trading is considerably easy, as highlighted by Crypto Legends. Hence, the platform supports smooth transactions between trading pairs and digital assets.

With over $4.6 million already secured in its presale, analysts say it will exceed $5 million by the end of October 2024.

Currently, in Stage 4 of the public presale, the DTX utility token is valued at $0.08, a 300% gain from its original value of $0.02. The value might surge by 25% to trade at $0.10 when DTX moves to Stage 5 of the presale.

Analysts say there is a 50x growth prospect for DTX after it is listed on mainstream exchanges. Hence, the new DeFi coin is a lucrative investment despite being in its presale stage.

DTX’s growth potential attracts SOL and NEAR investorsAs the DeFi landscape keeps evolving, Solana and NEAR Protocol investors seem to be looking at new opportunities presented by DTX Exchange. DTX’s massive growth potential is what is attracting most investors.

SOL and NAR have recorded strong performance recently, powered by

The above is the detailed content of Solana and NEAR Protocol Investors Flock to the Presale of a New DeFi Coin, DTX Exchange, Enticed by Its Potential for 50x Returns. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Roblox: Bubble Gum Simulator Infinity - How To Get And Use Royal Keys
3 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
Mandragora: Whispers Of The Witch Tree - How To Unlock The Grappling Hook
3 weeks ago By 尊渡假赌尊渡假赌尊渡假赌
Nordhold: Fusion System, Explained
3 weeks ago By 尊渡假赌尊渡假赌尊渡假赌

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Hot Topics

Java Tutorial
1668
14
PHP Tutorial
1273
29
C# Tutorial
1256
24
Various ETF issuers compete to apply for Solana ETF! But why is BlackRock still absent? Various ETF issuers compete to apply for Solana ETF! But why is BlackRock still absent? Mar 03, 2025 pm 06:33 PM

Many ETF issuers are scrambling to apply for SolanaETF, but BlackRock is still holding back? This article will interpret this phenomenon. SolanaETF application boom The Securities and Exchange Commission (SEC) has accepted SolanaETF applications submitted by several institutions, including Bitwise, 21Shares, VanEck, CanaryCapital and Grayscale. Bloomberg predicts that the probability of Solana spot ETF being approved by the end of the year is as high as 70%, which is closely related to the Trump administration's friendly attitude towards cryptocurrencies. The establishment of Franklin's "Franklin SolanaTrust" also implies its potential application for SolanaETF. However, Sol

How to Find the Next Peanut the Squirrel (PNUT) Solana Memecoin That Could Rally to Astronomical Heights How to Find the Next Peanut the Squirrel (PNUT) Solana Memecoin That Could Rally to Astronomical Heights Nov 15, 2024 pm 03:34 PM

Solana memecoins continue to make waves in the crypto space with the newest memecoin that has taken the crypto space by storm, Peanut the Squirrel (PNUT) token

R0AR Token Presale Enters Final Stages, Offering Exclusive Benefits and Pre-DEX/CEX Listing Discounts R0AR Token Presale Enters Final Stages, Offering Exclusive Benefits and Pre-DEX/CEX Listing Discounts Nov 12, 2024 pm 09:28 PM

The R0AR token presale is moving into its final two stages, meaning that the amount of time left to snap up R0AR tokens prior to major DEX and CEX listings is running out.

Have you applied for SOL's ETF? Learn about the application process of SOLANA ETF in one article Have you applied for SOL's ETF? Learn about the application process of SOLANA ETF in one article Mar 03, 2025 pm 09:00 PM

Solana (SOL) ETF application: In-depth analysis and future prospects In the near future, there is a surge in crypto ETF applications, which is closely related to the SEC's increasingly friendly attitude towards cryptocurrencies and its clear approval rules. As a mainstream cryptocurrency, Solana (SOL)'s ETF application progress has attracted much attention. This article will conduct in-depth discussion on the current status, impact and future prospects of SOLETF applications. Current status of SOLETF application. Several institutions have submitted SOL spot ETF applications, among which Grayscale is particularly eye-catching. It plans to convert Solana Trust Fund into spot ETF, which will further expand its influence in the digital asset market. If approved, the ETF will be listed on the New York Stock Exchange under the code

Why did Solana go bankrupt? Is the reason why PI coins are listed on Binance? Why did Solana go bankrupt? Is the reason why PI coins are listed on Binance? Mar 03, 2025 pm 09:54 PM

Solana's recent price decline may be related to the potential Binance listing speculation of PiCoin (PI). Binance's poll showed that 86% of participants supported the listing of PI coins, which could attract a large amount of capital to flow into PI, causing some Solana investors to turn to PI. Solana's price plummeted: Will PI coins replace SOL and become the first choice for investors? Solana (SOL) prices have fallen sharply recently, falling 16% last week and 37% last month. Loss of key support levels has heightened investor concerns. While the overall crypto market downturn is partly responsible, the panic selling of traders has exacerbated the decline. Solana network activity has dropped significantly, with transaction volume plummeting from $1.99 billion in November 2024

Will the Solana ETF be approved in 2025? SOL ETF debuts at DTCC Will the Solana ETF be approved in 2025? SOL ETF debuts at DTCC Mar 04, 2025 am 09:06 AM

SolanaETF: Will it be approved this year? What impact will it have on the market? After Bitcoin and Ethereum spot ETFs were approved, the market's attention turned to the next potential ETF target: Solana. Several companies have submitted SolanaETF applications, triggering heated discussions in the market about the possibility that SOL spot ETF will be approved this year. Latest progress of SolanaETF Recently, VolatilityShares' two Solana futures ETFs have been included in the US Securities Centralized Custody and Settlement Company (DTCC) list, indicating that the SolanaETF ecosystem has entered a critical stage and has also increased the expectation of SOL spot ETF approval. DTCC plays a central role in global financial markets, and its list means these

Solana is full of ecological crisis, SOL prices are under pressure and fall Solana is full of ecological crisis, SOL prices are under pressure and fall Mar 04, 2025 pm 12:03 PM

Solana Ecology: The cold winter in the storm and the future challenges. The Solana Ecology has encountered unprecedented difficulties recently. The price of its native token SOL continues to fall, and its future development is full of uncertainty. The combination of multiple factors has led to the current severe situation. 1. Shadow of FTX Bankruptcy The 11.2 million SOLs to be unlocked in the FTX bankruptcy auction are worth up to US$2.06 billion, which puts huge pressure on the market. Institutional investors who previously purchased SOL at low prices may choose to take profits, triggering large-scale selling. However, the current trading volume and activity of Solana ecosystem are sluggish, making it difficult to effectively bear the selling pressure. 2. The Meme currency trust crisis LIBRA incident hit the trust foundation of the Solana ecosystem hard. The trading team

What is the Jupiter platform? What is the relationship with Solana? One article will give you a complete analysis What is the Jupiter platform? What is the relationship with Solana? One article will give you a complete analysis Mar 03, 2025 pm 07:36 PM

Jupiter: Leading DEX Aggregator in the Solana ecosystem This article will explore Jupiter, the leading decentralized exchange (DEX) aggregator in the Solana ecosystem. Jupiter integrates the liquidity of multiple DEXs to provide users with the best price, lowest slippage and efficient trading experience. Jupiter's core advantages: Price advantages: By aggregating multiple DEXs, ensure that users obtain the best transaction price. Speed ​​Advantage: Use Solana's high TPS to achieve extremely low transaction latency. Fee Advantage: Solana's Gas costs less than other blockchains. Jupiter main functions: 1.DEX aggregation: J