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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 other tests that report SOL reaching a TPS of 65,000 in initial tests. While impressive, DTX Exchange showcased TPS of 100,000 in its test net, which could promise traders more scalability in comparison to SOL’s early stages.
DTX Exchange’s higher TPS not only signifies better scalability but also suggests a capability for meeting growing demand and a potential for increased adoption. This adoption can increase institutional interest in the altcoin.
DTX’s Ground Breaking Technology Sparks More Interest
DTX Exchange is the first crypto-native app to offer stocks, forex, and ETF trading with close to 100,000 currency pairs. This technology may increase the interests of both individual and institutional traders. Most institutions may want a familiar framework for investing in cryptocurrencies. Without a doubt, the institutional interest could cause a sustained price increase similar to the 2021 SOL Frenzy.
With DTX’s offering, traders wouldn’t need to circle around different platforms for asset management, instead they can use DTX Exchange to keep them all safe. The consolidation of assets that DTX Exchange offers is enabled by the VulcanX blockchain, which is designed to interact with conventional assets like stocks and forex.
DTX May Take Us Back in Time for Another “Frenzy”
There’s a high chance for DTX Exchange to replicate SOL’s growth in 2021, especially with the introduction of ETF trading. With a current price of $0.12 and listing price of $0.20, early adopters could experience real gains. Users can also access up to 1000x liquidity on DTX Exchange, which means that even $100 can get you access to up to $100,000.
DTX Exchange has raised over $10.1 Million and the exchange has over 300,000 wallet addresses, presenting a unique chance for early users to make gains.
Learn more:
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Visit DTX Website
Join the DTX Community
*This article was paid for. Cryptonomist did not write the article or test the platform.