Dogwifhat (WIF) has been testing its $2 support level and attention now moves to a potential price rise within the altcoin space. Despite surging market sentiment, Solana (SOL) continues to hold the focus, with price forecasts pointing to new all time highs this month. While a Solana rival is gaining traction, backed by a hybrid trading protocol.
Dogwifhat (WIF): Retesting Key Support Levels
At $2, Dogwifhat is at a crossroads as it consolidates support in an active market. The consolidation that has followed a series of price corrections sees bulls fighting in support of the $2 mark in a bid to prevent the downside. If the support level holds, then it will push WIF upward towards its recent highs.
Having bled 10% on the monthly charts, investors remain cautious but optimistic for the weekly outlook. Analysts say a sustained push above $2.50 would strengthen the argument for another dizzying rally and that WIF is a relatively appealing altcoin for short term gains.
Solana (SOL): All-Time High on the Horizon?
Solana is a household name by now. Led by its status as the number 1 platform for dApps, the Layer-1 blockchain has steadily grown as of late. Solana is currently trading above $160, and signals a new all-time high rally potential. Solana has found itself in the spotlight, mainly due to its ecosystem’s strong fortifications and its recent Layer-2 scaling developments, making it an institutional favorite among top altcoins.
Having increased 14% over the past month, it’s possible that the Solana (SOL) breakout could push to or above previous peaks. Solana, which continues to keep $300 in sight, will remain an attractive investment, especially when you look for high growth blockchain projects.
But savvy investors are wondering if Solana reaches a new ATH, which projects would benefit?
DTX Exchange (DTX): The Solana Alternative to Watch
DTX Exchange is making waves as a disruptive Solana alternative. Being based on Ethereum and Solana protocols, DTX’s advantage in centralized and decentralized exchange features through its innovative approach also appeals to its ability to meet a wide range of trading requirements for traditional and digital assets.
Here’s what sets DTX Exchange apart:
- Hybrid Trading Platform: DTX uses centralized exchange liquidity combined with the privacy and transparency of decentralized finance (DeFi) for its versatility and ease of use.
- Layer-1 Blockchain Integration: Using VulcanX, where traditional asset classes such as stocks, forex, and more-are integrated with DeFi assets on the platform’s proprietary blockchain.
- Massive Upside Potential: DTX has raised about $6.7 million from early presale rounds thus establishing a strong financial base. Analysts have a 50x upside on DTX so it could be one of the top performing ICOs of this bull cycle.
Why DTX Exchange Could 50x Because of Solana
Many analysts have noted that if Solana reaches a new ATH, then all projects utilizing its protocol will increase in value. This is the case with DTX Exchange, who is based in Solana, will pump the ICO price further.
Additionally, the early entry price for DTX at $0.08 offers investors a much lower barrier to buying into the project compared to its purchase price for Solana. Now that the DTX Exchange presale is in the final stages, it creates a great opportunity for those wanting to do so in a hybrid finance solution.
Conclusion: Why DTX Exchange is a Strong Bet
Dogwifhat is close to support while Solana looks for a breakout, and that makes DTX Exchange an interesting long term play for those looking to combine growth with innovation. Within crypto trading, DTX’s hybrid trading model and Layer-1 blockchain integration make it a game changer. DTX is expected to be listed on the top exchanges with a 50x gain by profiting from Solana’s new ATH.
Currently DTX Exchange has a special offer of matching your deposit by 50%, if you use the promo code: “DTXOG”