Solana and Near Protocol are two leading altcoins in their respective niches, backed by robust technology and high community engagement. However, the recent bearish trend has led SOL to trace back to the $160 price level and NEAR also displaying a breakdown due to ongoing market volatility and Russian trading laws.
While Solana and Near Protocol hold the potential to display a bullish comeback, they are projected for minor gains to yearly highs as compared to the DTX Exchange (DTX). The viral 2024 presale is projected for sky-high gains this year as Russian millionaires anticipate its mainnet launch announcement in the upcoming weeks, promising 100x gains for early buyers.
Near Protocol (NEAR) Likely to Face Sluggish Price Trend
Near Protocol (NEAR) has been one of the leading underperformers in recent months, dropping by 22% in the last 30 days. Moreover, the suspension of NEAR transactions on Upbit due to the ongoing Fork upgrade has also led whales to cash out as investors hoped for bullish gains in the election season with swift trading of Near Protocol (NEAR).
However, there’s no second thought about Near Protocol (NEAR) being a leading crypto in the AI space with high developmental activity and sharding implementation. But when it comes to price outlook, Near Protocol (NEAR) is quite bearish with strong resistance levels at $4.5 and then $5, pushing investors to explore other options for bullish gains in the upcoming altcoin season.
Solana ETF: Kamala’s Win Can Spark Bearish Rally For SOL
Solana is one of the leading layer-1 blockchains with low cost and a vibrant ecosystem. With its leading potential, SOL price has displayed bullish rallies and sky-high gains along the course of its trading history. However, according to experts, the ongoing US elections can be decisive in fueling the Solana price to new highs or lows as the ETF approval depends on Trump’s win.
While the hopes are high for Solana (SOL) to surpass the $200 level this month if conditions favor, the bearish forces are actively playing their part to halt its bullish comeback. As SOL is trading on the verge of the $160 support, any negative sentiment can trigger a downtrend toward the $150 level for Solana, leading to range-bounded SOL price movement for weeks.
DTX Exchange (DTX) Sets Stage For 100x Returns After Listing
DTX Exchange (DTX) looks ahead to a bullish launch this year as the Defi-focused project storms up to transform conventional trading approaches and deploy top-notch tech infrastructure. The platform pioneers the first-ever hybrid layer-1 blockchain that hosts different asset classes and has set testnet records of 10,000 TPS.
The DTX platform leverages a hybrid model to approach existing liquidity and security concerns and promote individual ownership. The platform has recently launched its Phoenix wallet for decentralized asset custody, powered by KYC-free onboarding. Furthermore, DTX Exchange empowers traders with advanced automation, risk management tools, and quant and algo trading.
CoinMarketCap has recently announced its pre-listing after DTX Exchange raised a ground-breaking $6.6 million in batch 4 of the public presale. As its global demand goes unbounded, traders can buy DTX tokens for just $0.08 to make millions after its expected Q4 listing on tier-1 exchanges.
Conclusion
While Solana and Near Protocol can display a strong upswing, they lag potential to yield big gains due to their established status and low growth potential. However, DTX Exchange (DTX) is emerging as a prime contender to NEAR and SOL price trends for bullish returns this winter. As the platform prepares for its mainnet launch, early investors have a promising opportunity to benefit from its 50x projected growth.
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