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Solana and NEAR Protocol investors are flocking to the presale of a new DeFi coin, DTX Exchange, enticed by its potential for 50x returns.
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The decentralized finance (DeFi) world keeps attracting investors looking for the next big opportunity in the cryptocurrency space. This explains the recent increase in interest in a new DeFi coin presale. Investors from Solana (SOL) and NEAR Protocol (NEAR) are turning to the new project, enticed by the potential of massive gains.
With SOL and NEAR recording strong on-chain activity and positive price momentum recently, the excitement around the new coin’s potential for 50x returns is at an all-time high. But is this DeFi coin really the next big thing?
Solana surges as on-chain activity boosts market momentum
Solana continued its upside trend in the past week, surging above $150.15 on October 14, 2024. On-chain metrics and an increasing number of holders of meme coins hosted on the Solana blockchain are the main market movers that show the potential for a SOL price rally.
Solana meme coins have surged in token holders in the past month. On that note, meme coin analyst Murad shared statistics in a recent tweet, adding that a super cycle might be coming up.
Normally, a surge in token holders is considered a bullish sign for an asset since it shows a growing demand for SOL among investors. Notable on-chain metrics, including number of transactions and active addresses on Solana, surged in the past month, according to Artemis data.
On October 15, SOL was trading at $155.64, up 5.37% in the past week. Experts say SOL will rise to $164.85 this month, supported by increased demand. Despite the expected SOL surge, investors are turning to a new DeFi coin that promises up to 50x growth in the coming months.
NEAR Protocol’s network activity surge drives bullish momentum
In the past month, NEAR Protocol has gained over 20% in value despite the recent market drop. Several factors were believed to be behind NEAR’s strong performance.
NEAR Protocol finished its NEAR 2.0 system update on August 12, 2024, incorporating blockchain sharding into its ecosystem. The new development can support massive developer and user adoption of the NEAR project, which recently increased its value.
However, on-chain data shows massive growth in network activities and operations on NEAR Protocol in September. Transactions surged by around 42% between August 25 and October 6. On that note, the massive activity helped increase NEAR-based protocols’ total value locked (TVL), based on DeFiLlama data.
Although the upside movement has cooled off due to the market-wide drop at the beginning of October, NEAR remains bullish. On October 15, NEAR was trading at $5.05, down 2.53% in the past week. Analysts say NEAR will continue to recover to trade at $6.15 by the end of this month, supported by developments on its network.
As NEAR rises, investors are also keeping an eye on a new DeFi coin that has massive growth potential.
DTX Exchange emerges as 2024’s fastest-growing presale
DTX Exchange ranks among the fastest-growing crypto presales in 2024 as investors see its massive growth potential that could make it the next biggest trading platform.
The DeFi project has attracted many investors since it consists of the first-ever hybrid blockchain boosted with end-to-end solutions that no other exchange offers.
DTX Exchange offers leverage of up to 1000x and gas-free trading, which has helped its presale sell out rapidly. Since its launch, DTX’s presale has raised over $4.6 million. In that context, DTX Exchange will dominate the market with its advanced features, AI incorporation, quant & algo trading, and advanced automation strategies.
DTX Exchange’s easy-to-use interface has ensured crypto trading is considerably easy, as highlighted by Crypto Legends. Hence, the platform supports smooth transactions between trading pairs and digital assets.
With over $4.6 million already secured in its presale, analysts say it will exceed $5 million by the end of October 2024.
Currently, in Stage 4 of the public presale, the DTX utility token is valued at $0.08, a 300% gain from its original value of $0.02. The value might surge by 25% to trade at $0.10 when DTX moves to Stage 5 of the presale.
Analysts say there is a 50x growth prospect for DTX after it is listed on mainstream exchanges. Hence, the new DeFi coin is a lucrative investment despite being in its presale stage.
DTX’s growth potential attracts SOL and NEAR investors
As the DeFi landscape keeps evolving, Solana and NEAR Protocol investors seem to be looking at new opportunities presented by DTX Exchange. DTX’s massive growth potential is what is attracting most investors.
SOL and NAR have recorded strong performance recently, powered by network activity and increased investor demand. Nonetheless, DTX’s promise of 50x returns has attracted many investors to its presale.
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
