Major exchange listings like Binance are significant achievements for emerging crypto projects. An example is PNUT, which surged with 3,000% returns in its Binance listing. The most viral utility altcoin of 2024, DTX Exchange (DTX), is also preparing to list on Tier-1 exchanges like Binance, Uniswap, and ByBit in the coming months.
This announcement has skyrocketed demand in the DTX presale, pushing the total collection above $10.3 million. Expert market analysts predict that it could beat major cryptocurrencies like Solana (SOL) in the coming rally.
Bitwise Introduces Solana (SOL) Staking ETP in Europe
Bitwise has launched a Solana staking exchange-traded product (ETP) in Europe, trading under the ticker BSOL. While waiting for approval to offer an SOL exchange-traded fund (ETF) in the United States, this new ETP provides stakers with an annual percentage yield (APY) of 6.48%, surpassing European rivals like 21Shares, which offers 5.49%.
In November, Bitwise set up a statutory trust in Delaware as part of its plan to introduce a spot SOL ETF. However, the company must still complete regulatory filings with the US Securities and Exchange Commission.
These developments have not yet been able to pull SOL out of the correction. Although Solana reached a new all-time high of $264.63 on November 22, the altcoin has been unable to break the bearish trend. The SOL price has steadily declined over the past month, forming a stage bearish trend pattern.
PNUT At Crucial Juncture of $1
Peanut the Squirrel (PNUT) is one of the most trending coins in 2024. It was launched on Solana and quickly grabbed the attention of meme coin lovers. According to CoinMarketCap, PNUT was launched at $0.053, and after a few days of listing, it reached the $2.5 ATH mark. However, it has dropped to 59.50% from the peak, currently trading at $1 psychological zone.
During this market downturn, a controversy surrounding PNUT has driven its price even lower. Mark Longo, the owner of PNUT, has taken action against Binance, a leading cryptocurrency exchange. He sent a cease-and-desist letter, accusing Binance of trademark infringement. According to Longo, Binance used his PNUT trademark and mascot without permission to promote the PNUT-themed memecoin.
DTX Exchange Stuns Investors With $10.3 Million Presale
While Solana (SOL) is facing a sell-off due to the profit booking of the previous rally, and PNUT is fighting with the biggest exchange, DTX Exchange (DTX) has achieved another milestone in its presale, hitting $10.38 million with over 300,000 addresses. Its unique hybrid technology and asset tokenizations have contributed to the presale success.
DTX Exchange’s unified platform blends the benefits of CEX and DEX, making it efficient as a centralized exchange and secure as a decentralized exchange. DTX Exchange allows trading in assets like crypto, forex, and bonds. However, it has now introduced ETF trading in its unified platform; with continuous crypto ETF launches, this is a big deal for a trading platform.
DTX blockchain has achieved a tremendous transaction speed of 100,000 TPS in its testnet launch, significantly surpassing Solana’s speed. DTX’s higher speed shows its scalability and capability to lead in the DeFi market.
Initial investors in the DTX presale have experienced over 450% gains in just a few months of launch. According to crypto valuation analysts, DTX tokens are currently trading at an undervalued price of $0.12 apiece and can surge exponentially after the launch. DTX Exchange is fully prepared to outpace leading cryptocurrencies like Solana in 2025.
Find out more information about DTX Exchange (DTX) by visiting the links below:
