After the bull stage in November, January has become a favorable month for altcoins. Solana (SOL) has risen 40% since its consolidation breakout on January 15th. On Saturday, the Solana price reached a new all-time high of $270. Cardano (ADA) also showed high-strength price momentum but is currently facing bearish pressure at $1.15.
Savvy investors seeking long-term profitability with high CAGR invest in low-cap coins like DTX Exchange (DTX). Due to its incredible offerings and low market capitalization, DTX is expected to replicate SOL’s path. Analysts believe that after its mainnet launch, the DTX token could surge by 65X.
Solana Price Gains 60% on Weekly Charts
Solana (SOL) has rebounded above the $270 mark after a month-long bearish correction. At the end of December, the Solana price invalidated the lower low and lower high price action and formed a double bottom pattern. With Saturday’s 20% intraday move, the Solana price broke the neckline resistance of the pattern, attaining a new all-time high. With this move, SOL has become a top gainer, with a 60% surge in the last seven days.
Source: CoinMarketCap
Since the move started on 15 January, the Solana price has been extended in a parabolic trend, which makes it prone to pullback. In case of a downside, $260 and $250 are two immediate support levels for the Solana price. The MACD oscillator has undercut the baseline and is now trading in the upper zone. Moreover, the Solana price RSI is showing an overbought condition, which might be a cautious sign in the short term.
The reason why Solana price has exploded recently is due to the increasing popularity of its ecosystem. The growth has been triggered by the Solana blockchain features that enable faster transactions and incur lower costs as well as the rising number of users of its decentralized exchange networks. Another driver for the rally in prices is the announcement of the SEC’s ruling on whether or not there can be a Solana ETF in this case.
Cardano (ADA) Faces Rejection at Resistance
Cardano (ADA) climbed above $1 on Wednesday, rebounding strongly as bullish speculation tied to Trump’s upcoming inauguration lifted markets. However, after the surge, Cardano (ADA) price has faced a sell-off, dropping nearly 10% from the recent high.
Market activity around Cardano (ADA) has picked up, driven by significant developments and growing optimism about its future. The project’s founder, Charles Hoskinson, has attracted attention with remarks aligned with the incoming Trump administration. If this upward momentum holds, Cardano (ADA)could break past $1.20 and aim for $1.30.
DTX Exchange’s Growth Mirrors Solana’s Success Story
Leading in the emerging altcoin space, DTX Exchange is not just another project; it is a complete financial ecosystem. With its utility-driven approach to blockchain, DTX’s presale has seen remarkable success, raising $12 million by selling out the 80% token of the 7th stage.
The platform combines traditional and digital assets in a single unified platform. Under a single roof, users can access 120,000+ asset classes, such as crypto, stocks, forex, and CFDs. At the core of the platform is the VulcanX blockchain, which recently went viral for its outstanding performance, achieving 100,000 TPS in the first testnet conducted.
DTX Exchange provides a safe custody solution with Phoenix Wallet, a proprietary product known for multi-asset storage and multi-layer security systems. Furthermore, the platform does not require a hectic KYC procedure, allowing traders to trade anonymously.
The noteworthy attributes of this trading platform are 1,000x leverage, non-distributed liquidity pools, advanced analytical tools, copy, and algorithmic trading The token has already been listed on CoinMarketCap as well, which leads to a rise in investor confidence in the project.
In the 7th stage of the presale, the DTX token is priced at $0.14. It is expected to grow exponentially in 2025.
Final Thoughts
With strong fundamentals and community support, DTX Exchange has already seen massive success in the presale. The project is solidifying its position in the crypto arena and challenging giants like Solana (SOL) and Cardano (ADA). With solid ecosystem development, DTX is set to make waves in 2025 and offer great opportunities for investors.
Find out more information about DTX Exchange (DTX) by visiting the links below:
