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A new presale token, DTX, is experiencing some serious whale interest as SOL and ETH investors look to gain 500% on the new project.
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Ethereum (ETH) has shown some reluctance to tap into the bull run since September. Some analysts are of the opinion that Solana (SOL) has everything it takes to surpass the Ethereum network, especially with Solana’s resilience this year.
Such opinions are gaining ground in the market, and traders are off to Solana and DTX Exchange (DTX), another token that’s set to eclipse Ethereum. Here’s why.
Ethereum’s waning dominance: ETH loses 4.25%
The Ethereum network is, no doubt, one of the busiest blockchains in the crypto-verse. Since launching in 2015, the ETH token has been at the forefront of innovation in decentralized finance, releasing and hosting tokens and DApps with groundbreaking prospects.
However, the times are changing, and Ethereum has fallen behind. Speed and scalability are challenges many investors have identified on the blockchain, and, sadly for the ETH network, there are trending alternatives.
Ethereum still holds the largest portion of the Total Value Locked (TVL) in the crypto-verse at over 50%, but the token currently trades at $2,501, with a 4.25% loss in the past week.
The Uptober surge: SOL’s price set for massive gains
The investor outflow from Ethereum is setting up Solana for a massive surge this year. It’s Uptober season, after all, and the SOL token might join the top gainers yet again.
Many DeFi enthusiasts now have a lot more faith in SOL’s scalability and speed than those of Ethereum. Even further, Solana offers gas at low costs, allowing a lot of transactions without compromising the speed.
Already, VISA is processing USDC transactions on Solana for the high throughput rates, while Citi uses the ecosystem for cross-border transactions.
Meanwhile, Solana’s SOL might have taken a massive hit from the market correction, but the token is 4.91% up in the past 24 hours, trading at $150.
DTX Exchange: Trader-friendly features at user fingertips
Ethereum has been the hub for decentralized finance in the crypto-verse, as the blockchain allows for creativity from developers. DTX Exchange is a product of such developments, as the token has surfaced to rebrand DeFi in the crypto market.
First, DTX Exchange offers DeFi as a community initiative. The beginner traders have pros to pick as mentors while they shadow their strategies.
Through social and copy trading, the newbies can copy trading moves and techniques from the more experienced, successful traders while they learn passively. There won’t be any strenuous tutorial videos or virtual academies; users learn as they go on DTX.
The referral program on DTX Exchange also allows users to accumulate capital for trading. For every trader users can onboard on DTX, they get $1,000 for their trading. And when they consider the tradable assets on DTX with 1000x leverage options, too, there’s really no reason not to get their profits up on the trading platform.
ETH dips while SOL and DTX gain
The investors from ETH are making their way to Solana and DTX Exchange to round their year up with gains. DTX is currently worth $0.06 in the current Stage 3 of the public presale. And with Stage 4 lurking around the corner, investors could be counting up to 33% gains when the price jumps to $0.08.
For more information, visit the DTX Exchange presale website or join the online community.
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This article first appeared at crypto.news
