Solana has dominated BNB following the election headlines and is forecasted to aim for new highs in the near term. Meanwhile, DTX Exchange (DTX) has remained undeterred from Solana’s recent rally, completing its bullish presale milestone. Investors have been noticed to support DTX Exchange for its wide range of trading options over Solana’s short-term success.
Solana Leads BNB After Trump’s Triumph: Surges By 17%
Solana’s recent surge in the network has placed it in the fourth-largest crypto position, following only Bitcoin (BTC), Ethereum (ETH), and Tether. The SOL price is experiencing a field day after its value surged over 17% in the last 24 hours. The recent surge was enough to push it above the BNB blockchain, as it claimed a spot as the 4th largest crypto by market cap.
Investors Eye Solana ETF in 2025
Market experts have long suggested that if Trump wins the presidency, it could lead to regulatory changes that will greatly benefit digital assets. The popular mindset is that a Trump administration would be crypto-friendly and would most likely clear the path for Solana’s ETF launch early in 2025.
This theory was recently supported by Daniel Cheung (co-founder of Syncracy Capital). In a recent X post, Cheung suggested that the Republican sweep would have far more implications for the crypto industry than was anticipated. Cheung’s predictions have excited investors and may be part of the reason behind the market’s recent big gains.
Market Reacts to Trump’s Potential Crypto-Friendly Policies
Regarding approving a Solana ETF, the signs first surfaced when Cboe filed regulatory documents with the Securities and Exchange Commission (SEC) in July. As Coinspeaker posted earlier, Cboe sought to list VanEck’s and 21Shares’ potential spot Solana ETFs. At the time, Rennick Palley noted that Solana seemed well-positioned as the next major token to gain ETF approval.
With the scale tipping more in favor of a Trump administration viewing coins such as SOL as tokens rather than securities, it is now very likely that an SOL ETF approval might be just around the corner. Over the past 24 hours, Solana reached a trading volume of $9.2 billion. This represents a major boost from the previous day’s $3.2 billion. Coingecko data also shows its market capitalization surging to over $87.1 billion as SOL’s value crossed $184.
Bullish Whale Injects $500,000 In DTX Following Presale Success
As a layer-1 blockchain platform, DTX Exchange (DTX) is a hybrid crypto trading exchange that allows users to trade cryptos, forex, equities, and CFDs. It features top-notch infrastructure and highly lucrative trading features to provide beneficial opportunities. Following its massive success in its presale stage, DTX Exchange has successfully gone live on CoinMarketCap.
DTX Exchange allows traders to break free from trading limitations and benefit from a wide range of possibilities with its range of 120,000 trading instruments. From seasoned investors to novice traders, DTX Exchange offers something for everyone. Its versatile offerings include traditional assets to cutting-edge synths, derivatives, and more!
DTX Exchange’s Testnet Debut Pulls Solana Investors
After its CMC listing became a success, DTX Exchange (DTX) rolled out the Testnet environment to enable developers and investors to test the platform without risking actual assets. This strategy allowed DTX Exchange to spot and resolve bugs before launching the mainnet.
Apart from introducing viral tools every now and then, DTX Exchange also offers a wealth of charts, graphs, and analytical tools to empower traders to make the best possible decisions and stay ahead of the curve. As Solana eyes a potential rally, DTX Exchange (DTX) is well-equipped to lead its rival with a strong presale rally and growing investor confidence.
Learn more:
