1 week Ago
DTX Exchange is leading the charge with its fast-selling presale round 3 at $0.06 for each DTX token . Investors are moving away from renowned cryptocurrencies and joining the emerging deFi platform, which is poised to register as the highest-selling presale of 2024.
Meanwhile, Solana (SOL) might display a potential breakout after the FED rate cut decision. Solana (SOL) Price Takes Off: Trading Value Surges By 12% In a surprising turn of events, Solana (SOL) has just welcomed a 12% uptick in its price in the last 24 hours. Irrespective of the bitter fact that Solana (SOL) was still hovering around the $130 mark in early September, its price has managed to break through the $150 range this week.
This is the most steady price trend the Solana (SOL) network has experienced after its dip. The sudden surge in the Solana (SOL) network has reignited the lost investor’s trust in the network. This recent increase in network activity is poised to bring in extra buying pressure from investors and traders as more bullish price movement is expected by the Solana (SOL) network.
Also, Solana (SOL) has a strong price correlation with the crypto giant Bitcoin (BTC). On-chain data shows that Solana (SOL) and Bitcoin (BTC) share a 90-day 0.74 correlation index.
This means that Bitcoin’s price movements directly affect the up and down in Solana’s trading value unless there is an external trading move by the whales or other pump and dump schemes involved. How Does FED Cut Rates Affect Solana (SOL)? One of the important factors behind the recent price surge in the Solana (SOL) network was the interest rate cut policy carried out by the US Federal Reserve (FED). As of September 18, the FED official reduced the interest rate by 50 basis points, dragging down the target range of the interest rate between 4.
75% and 5%. This is the first interest rate cut since March 2020, back when the high interest rate policy was implemented in response to the global economic crisis amid the COVID-19 pandemic. This FED decision has positively affected very many speculative assets that have been anticipating a favorable monetary policy.
With reduced interest rates, investors are now expected to return to the crypto market and increase buying pressure, especially around the Solana (SOL) and Bitcoin (BTC) networks. Thus, this rate cut is a highly positive signal for the volatile crypto market, especially Solana (SOL), which has benefited most from the policy change. DTX Exchange Projected To Go Sky-High After FED Rate Cuts While other major altcoin projects like Solana (SOL) are benefitting from the FED announcement, DTX Exchange (DTX) has gone viral after defying market trends and achieving mind-blowing success in its presale stage.
DTX Exchange’s nearly $3 million presale has outshined high-ranked cryptocurrencies with more bullish rallies on the target. In the current presale stage 3, DTX Exchange (DTX) has bagged millions in weeks, with its network continuing to grow with every passing day. The platform boasts over 8,000 unique token holders and offers lucrative and enticing benefits for investors seeking early-stage growth opportunities in the crypto market.
DTX Exchange Pulls Solana (SOL) Investors With AI-Powered Trading The increased network activity in the DTX Exchange platform is attracting investors from many various cryptocurrency projects. The most traffic that DTX Exchange (DTX) has received so far is from investors and traders belonging to the Solana (SOL) network. Most crypto analysts are crediting this short-term viral situation to the platform’s cutting-edge blockchain technology.
Additionally, DTX Exchange’s advanced infrastructure offers a user-friendly platform that offers comprehensive charts, graphs, and analytical tools to help users make the best possible decisions and stay ahead of the speculative crypto market. As more and more investors join this fast-selling presale opportunity, top-tier cryptos are blurring out of sight. Learn more: Buy Presale Visit DTX Website Join The DTX Community Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp _____________ Disclaimer: Analytics Insight does not provide financial advice or guidance.
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