Solana Investors Bet on New Hybrid Token As Ethereum Foundation Sells 1,250 ETH
The post Solana Investors Bet on New Hybrid Token As Ethereum Foundation Sells 1,250 ETH appeared on BitcoinEthereumNews.com.
According to recent reports, Ethereum (ETH) might see more price declines in the coming weeks as the Ethereum Foundation sends 1,250 ETH to Bitstamp exchange. This comes after Ethereum cofounder Vitalik Buterin converted some meme coins into Ethereum (ETH). Meanwhile, Solana (SOL) investors are shifting their focus to a new cryptocurrency project called DTX Exchange. The project has raised approximately $4 million and plans to hit $5 million before the year runs out. Solana (SOL) Has Highest Market Share of Tokens Launched In a recent tweet, Maximus Hamilton posted a chart from IntoTheBlock that showed the Solana blockchain had the highest share of token launches in 2024. Its market share stood at 87%, followed by the Base network. The tweet also revealed that most of the token launches were memecoins. There are many factors which contributed to this dominance. The first one is the scalability of Solana (SOL), which provides users with high transaction speed and low fees when creating token smart contracts. In other news, the Solana coin has failed to dominate the price charts. According to CoinMarketCap, it has a loss on the weekly timeframe but has a profit on the monthly timeframe. Looking ahead, the sentiment around Solana crypto is bearish. The altcoin is trading below the 50-SMA and 200-SMA. Yet, analysts forecast the value of Solana (SOL) could increase to $160.92 in the coming weeks. DTX Exchange (DTX) Offers Investors 120K Tradable Assets DTX Exchange (DTX) is a hybrid (centralized and decentralized) exchange that offers unique trading services to its users. It allows them to invest in more than 120,000 tradable assets like ETFs, stocks, indices, gold, forex, bonds, and cryptocurrencies. DTX grants users access to the $714.7 trillion OTC derivatives market, giving it more liquidity than other exchanges. Also, the exchange gives a leverage of…
Filed under: News - @ October 12, 2024 1:21 am