The post This New Altcoin is Being Compared to Solana After Introducing ETF Trading, Can It Rally Like 2021 SOL Frenzy? appeared on BitcoinEthereumNews.com.

SPONSORED POST* In 2021, Solana’s (SOL) experienced an all-time high of $259.62 in November, a 25,000% spike from its starting price of $1. By mid-2021, SOL strongly gained traction, establishing itself as a competitor to Ethereun, particularly in terms of speed and cost efficiency. The price increase was primarily due to investor interest in decentralized finance (DeFi), and now, it appears that a new altcoin may take a similar turn. Traders speculate that the new altcoin: DTX Exchange could experience a similar price increase, especially after introducing ETF trading. DTX currently stands at a listing price of $0.20 on Uniswap, Binance, and Bybit. However, its current price is only $0.12, giving a potential for up to 80% gains. SOL Frenzy All Over Again, Maybe a New DeFi (DTX) This Time For traders who locked in on the 2021 SOL Frenzy, there may be a similar outcome now, but for a different coin. The SOL frenzy was majorly due to a combination of market enthusiasm and increased adoption of decentralized apps. There was also excitement around SOL’s capability and its potential to be an ETH rival. There’s a similar experience for DTX Exchange: there’s an increased market adoption of this altcoin. Reports show that participants in the earlier rounds of the altcoin gained 440% in only a few months. Now, that DTX introduced ETF trading, there’s an increase in market sentiment because of the legitimacy that comes with ETFs. Also, market enthusiasm may not be dropping soon, with DTX’s visible gain of $10 million in presale revenue. DTX Exchange Becomes a Top Choice for Traders With Higher Scalability Potential In SOL’s initial scalability tests, it showed impressive transaction processing capabilities of 29,171 and a maximum of 44, 838 TPS. Peak performance was also at 48,370 TPS during testing. There have been…

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Filed under: News - @ December 15, 2024 9:45 pm