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DTX Exchange garners attention with its hybrid exchange protocol, while Toncoin loses momentum and Solana eyes a boost from Brazil’s ETF approval.
The bulls have their work cut out, with sentiment still largely pessimistic. Toncoin lost steam after recent gains as investors hurriedly took profits. Although a full-blown bull run is on the horizon, the choppy market continues.
Meanwhile, Solana whales have taken a keen interest in DTX Exchange, a hybrid exchange protocol. Its solid fundamentals set the stage for massive growth and adoption, tipped to become one of this year’s biggest breakout stars.
DTX Exchange: A new hybrid exchange protocol
DTX Exchange continues to bask in the spotlight, outpacing most new ICOs. But what makes it special? Its unique approach is set to reshape the $10 billion global trading market, prompting industry experts to label it as the next big thing.
Interestingly, its current price will likely be its lowest ever, courtesy of the ongoing presale. Retailers and whales have been scooping it up at $0.04 in round 2 of the ICO, providing a good entry to perhaps the biggest rally this year. Bullish forecasts continue to roll in, with a popular one hinting at a 100x jump after its debut.
Beyond the gains, its key appeal is its hybrid exchange protocol. This approach combines the best elements of centralized and decentralized exchanges, providing traders with the best of both worlds. With its vision being a financial ecosystem that is secure, inclusive and allows trading of assets across TradFi and DeFi, it is poised for massive adoption.
Toncoin: On its last leg?
Toncoin, a Layer-1 blockchain and token, made several headlines this year. The latest was its Binance listing, which sparked a significant surge. With several price discoveries, it has proven to be one of the best investments this year.
Its performance in the year’s first half is one for the books. The Toncoin price hit an all-time high of $8.24 in June from $2.3, its opening price this year. This paved the way for its listing on Binance, granting it even more exposure.
However, it has tumbled below $7, with profit-taking in full swing and critics suggesting it might be on its last leg. The overall market decline can also be blamed for its downturn. Nevertheless, according to a Toncoin price prediction, it will likely soar past $10 in the coming weeks, making it worth keeping on the radar.
Solana: ETF approval in Brazil set to propel price
Solana is also one of the highlights this year. It recorded one of the biggest jumps after exploding past $200 in March, coinciding with an overall market rally. Despite recent troubles—significant price decline—its outlook remains promising.
In recent news, the Brazilian Securities and Exchange Commission (CVM) approved a second Solana ETF. This was disclosed by the agency in its central database. Currently in a pre-operational phase, it will be offered by Hashdex, a Brazil-based asset manager, in partnership with investment bank BTG Pactual.
As expected, the community is abuzz, as is the wider crypto community. The Solana price is tipped to break out of consolidation and revisit $200 in the coming weeks. With a strong bullish wave approaching, the Solana coin is one of the best altcoins to invest in.
Conclusion
Despite losing steam, Toncoin is set for a comeback. Meanwhile, another Solana ETF has been approved in Brazil, while DTX Exchange emerged as a new investor favorite. This presale token, DTX, is tipped for a 100x upswing after its launch, making it a new DeFi project to keep on the radar.
To learn more about DTX, visit the presale website, visit the DTX website and join the DTX community.
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