DTX Exchange has been the prime attraction for institutional investors in the last few weeks. According to the reports, recently, two big funds have invested in the new DeFi coin, seeing its growth potential for the future.
The hot news of Solana ETF has been dull after the report on the DTX came out and with the market in a downtrend, analysts are predicting a good move in the Chainlink price and expecting LINK to reverse here.
Recently, Solana ETF has been a hot topic in the crypto community due to VanEck and 21Shares filing for a Solana ETF. This move comes as investment firms are increasingly interested in crypto ETFs following the success of Bitcoin ETFs in recent months.
Eric Balchunas hinted that the approval of Solana ETFs this year might hinge on potential changes in the current SEC administration and the outcome of the upcoming presidential election in November.
“The likelihood of a Solana ETF getting approved in the next 12 months depends on possible shifts in the presidential administration. It’s safe to say that the chances of both have increased recently, though it’s still early to give exact numbers,” Balchunas commented.
Chainlink’s price is currently priced at $14.60, showing a 2.13% increase in the last 24 hours. Although the overall crypto market has seen recent gains, the Fear-Greed Index sits at 49, signalling a balance between buyers and sellers. A shift towards a more bullish sentiment would benefit Chainlink’s price.
However, LINK faces challenges as its price is below the 50-day and 200-day Exponential Moving Averages (EMAs), indicating a bearish sentiment.
Despite these short-term challenges, Chainlink’s price remains positioned for potential recovery opportunities. Key support levels at $14, $13, and $12 are crucial, offering strategic entry points during market fluctuations. LINK’s Resilience suggests potential for sustained growth over the medium to long term.
DTX Exchange aims to revolutionize the traditional finance sector with its comprehensive hybrid platform. It combines robust security features and lightning-fast trade execution, completing transactions in just 0.04 seconds. Traders can access over 120,000 assets across global financial markets, including stocks, cryptocurrencies, equities, and forex.
The introduction of 1000x leverage sets DTX Exchange apart, offering traders the opportunity for substantial gains and higher market positions. With advanced automation and cutting-edge analytical technology, traders worldwide can capitalize on volatile market conditions to maximize profits.
DTX Exchange (DTX) has swiftly emerged as a standout in the industry, demonstrating unprecedented potential. The project raised an impressive $800,000 in stage 2 of its public presale, signalling strong momentum and continued growth.
DTX tokens are priced at just $0.04, which, according to analysts, is highly undervalued and is expected to move to $1 by the end of 2024.
Click HERE to learn about the presale.
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