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US President Donald Trump has turned the crypto market bullish after announcing that Solana along with other altcoins will be included in a newly formed US Crypto Strategic Reserve. However, SOL has dropped 51% from the last all-time high and has lost nearly all of the gains from the election rally. Experts cite the broader market sell-off and the recent revelation of the Libra rug pull scam as the key factors behind this drop.
The bottom line is that the Solana price has tanked in the past few months, and investors who have suffered massive losses are looking for fresh alternatives. While long-term holders remain cautious about this downward trend, DOJ investors are diversifying into potential options like DTX Exchange.
DTX is the first hybrid platform and is currently poised for its platform launch, concluding a final bonus presale stage. Since the early funding stages, the project has demonstrated steady growth and has the potential to offer a 2x return at its listing price of $0.36.
DTX Token Hits $0.18: Last Opportunity to Participate?
There are very few projects that can disrupt a whole sector; among them is the novel hybrid trading platform, DTX Exchange (DTX). This project has attracted massive investor demand due to its innovative platform and incredible features.
To date, the DTX token presale has raised $15.45 million and has introduced a bonus presale round with tokens available at $0.18. With over 57% of the tokens sold in the last round, experts believe that this could be the last chance for retail investors.
DTX Exchange is the first platform that combines the best of CEX and DEX, allowing users to trade over 120,000 financial instruments, including fiat, stocks, crypto, and gold. The recently launched non-custodial Phoenix Wallet acts as an all-in-one tool to manage a wide range of assets and protect them from any hiccups. With this wallet, users have full control over their funds and can access them anytime, anywhere they want without needing any KYC checks.
Furthermore, an easy opportunity for 2x profit on investment from the current presale price to its listing on exchanges makes the DTX Exchange particularly interesting to investors seeking safety and long-term high growth.
Can Solana Price Form a Reversal?
The Solana price has lost over 31% in market cap in the last 30 days as investors continue liquidating their SOL positions. Investor confidence in the coin has dropped significantly, as there is much less positive news about its ecosystem development. Last week, the Solana price saw its biggest drop after January, falling from $169.65 to $125.36.
Courtesy: TradingView
Recently, the Solana price has reached the psychological support level of $125. The SOL market volume is at $5.83 billion, with 24-hour data showing an increase of 7%. Some analysts feel that this could be the best opportunity for revival as this support has always been a strong bounce zone.
Some believe that the recent news around CME group’s plans to launch Solana (SOL) futures on March 17 could have a positive impact on Solana price. The new contracts, pending regulatory approval, will let traders manage Solana price risk with two contract sizes: 25 SOL and 500 SOL, according to a press release on Friday.
However, Solana’s total value locked (TVL) has dropped nearly 50%, falling from its peak of $12.191 billion to $6.939 billion. Data from DeFiLlama shows that SOL is gradually losing relevance in the current crypto market cycle.
Key Takeaways
While Solana price continues to show bearish momentum despite market recovery, expert investors are diversifying into futuristic projects like DTX Exchange, which have strong fundamentals and community backing. With its presale creating substantial momentum, over 750,650 investors have already joined the platform.
With confirmed listing gains of over 200%, investors entering now can use the code ‘LIST2X’ to get a 100% bonus on any token deposits for even higher gains.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
