Though Near Protocol (NEAR) and Solana (SOL) have been exhibiting impressive gains in this bull run, the market turmoil can alter the price actions of these coins at any instant. DTX comes into the picture as a hedging coin poised to give 10x ROI at a low-cap investment.
Analysts suggest investing in the emerging hybrid trading platform to maximize gains and achieve Solana-like benefits at a very low-cap investment! Though Near Protocol (NEAR) and Solana (SOL) have been exhibiting impressive market performance, the dynamics can alter completely with market volatility.
What you'll learn 👉
Near Protocol’s (NEAR) Human-Readable Account Names
The Near Protocol (NEAR) is making waves in the blockchain world with its groundbreaking feature: human-readable account names. Unlike traditional blockchains that use complex alphanumeric wallet addresses, Near Protocol (NEAR) allows users to interact with the network through simple, readable names.
This innovation enhances user experience, making blockchain technology accessible to non-technical users. As Near Protocol (NEAR) continues to grow, with a current market price of $5.22 and a capitalization of $6.4 billion, this feature is expected to drive broader adoption of blockchain applications.
Near Protocol’s (NEAR) focus on ease of use sets it apart from competitors like Ethereum, paving the way for a more user-friendly decentralized ecosystem. The current bull run sees a 22% surge in the coin’s value over the past month.
Analysts expect a market correction for Near Protocol (NEAR) as market volatility can pull the price down and give strength to the bears.
Solana (SOL) Sees Surge in Developer Activity
On October 8, 2024, Santiment shared new data on activity within major blockchain ecosystems, including Solana (SOL). The surge in the GitHub daily events means developers are actively supporting, updating, and evolving the platforms.
Santiment data revealed that Solana (SOL) recorded a remarkable 10.7% surge in notable GitHub activities in the first week of October. The development showcased Solana’s innovative capacity and reflected positively on SOL’s market performance.
The Solana (SOL) market has been heating up, with whale activity showing a huge spike recently. Solana (SOL) whales made their presence known with the coin’s price nearing critical resistance zones. These whales control over 59% of the circulating supply, and they influence the market performance of Solana (SOL).
With whales now confident of Solana’s potential, it may cause more buying pressure in the coming weeks. On October 9, Solana (SOL) was trading at $143.94, down 2.26% in the past week.
Experts say Solana (SOL) will rise to $158.94 this month, supported by increased whale demand. These whales are also accumulating a new DeFi token predicted to grow 15x once its presale is completed.
DTX Exchange (DTX) Touches The $4 Million Mark
DTX Exchange (DTX) has emerged as one of this week’s greatest winners, raising more than $4 million in initial capital. And let’s not forget that the platform did it at record speed, beating out the majority of new initial coin offerings and claiming the best presale of the quarter.
Solana (SOL) and Near Protocol (NEAR) whales have taken notice of it due to its novelty and upside potential. Using a distinct strategy, it provides the best of both worlds by positioned at the intersection of DEX and CEX.
The protocol’s non-custodial storage and wallet-based trade are two of its main characteristics. It also seeks to close the gap between TradFi and DeFi by providing access to thousands of assets in the form of cryptocurrency, forex, stocks, and bonds.
While the rest of the altcoins are struggling with market volatility, the emerging hybrid trading platform will soar exponentially, as testified by the current presale raise. The DTX token is seen as a revolutionary coin to expand gains.
Key Takeaways
Despite a moderate price action of Near Protocol (NEAR) and Solana (SOL), whales are tilted toward the DTX Exchange as the latter continues to soar regardless of the market dynamics, while the former two altcoins can plunge with the varying market sentiments.
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