Why Are ETH and SOL Whales Accumulating DTX
The post Why Are ETH and SOL Whales Accumulating DTX appeared on BitcoinEthereumNews.com.
Are Ethereum (ETH) and Solana (SOL) Losing Grip? Meet the Bold Contender, Delivering 700% Gains To Early Adopters In recent months, Ethereum (ETH) has seen significant growth in terms of adoption, drawing attention from investors and analysts. Despite its recent price drop, the large-cap altcoin recorded an unprecedented jump in the number of new addresses on the network. Notably, the number of new ETH addresses has surpassed 200,000 in a single day, doubling the daily average of 2024. On the other hand, Solana ETF news has dominated headlines, with the most recent news of Cboe BZX Exchange resubmitting filing on behalf of four asset managers looking to list a spot Solana exchange-traded fund (ETF). Meanwhile, DTX Exchange (DTX) continues to gain traction in the crypto market, thanks to its hybrid protocol and a $13.20 million presale. The DTX token has increased by 700% since its launch, showing investors’ confidence. Ethereum and Volatility: An Opportunity or Risk Despite the rise in adoption, the price of Ethereum has seen volatility, but it has not discouraged interest in the network. Market participants believe the recent decline represents an opportunity to accumulate Ethereum tokens, given a potential future rally. While ETH’s price has been fluctuating, its fundamentals have remained solid. The ETH ecosystem’s constant development and usage rise across various sectors indicate a promising future. The growth in new addresses suggests that not only speculative traders are participating, but holders and users also see long-term value in the Ethereum network. The token sustained over $48.25 million in futures liquidations, with $14.55 million and $33.70 million accounting for long and short liquidations, respectively. The token has attempted to reclaim the $3,200 support level after a broader market crash that saw Ethereum touch the $3,000 level. If ETH crypto reclaims this level, it will face another…
Filed under: News - @ January 30, 2025 3:27 pm