As the potential altcoin season continues, many hard-to-ignore coins, like Solana (SOL) and DTX Exchange (DTX), have outstanding fundamentals and incredible past records. While Solana price is currently trading below $230, experts predict it could reach $300 at Christmas.
If the Solana price achieves the target, it will benefit many meme coins, such as Bonk and Dogwifhat (WIF), within its ecosystem. This target can also catalyze the next swing in the bull cycle, which will benefit future leaders like DTX Exchange.
Solana Price Outlook: Descending Trendline Major Resistance
Solana welcomed December with a head-held high, marking a 43% gain in November after a breakout of the prolonged correction. The Solana price is currently trading at $226, with a weekly drop of 3.54%. The major resistance between the $300 target and Solana price is the descending trendline from where it has been rejected twice previously.
The Electric Capital report highlights Solana as the top choice for new crypto developers. It saw an impressive annual growth of up to 83%, surpassing Ethereum (ETH), the world’s largest blockchain. Of 39,148 new developers this year, 7,625 chose Solana as their first blockchain. These continuous developments can propel the Solana price to a new high.
DTX Exchange’s Bullish Launch Could Trigger 20,000% Rally
DTX Exchange (DTX) has attracted institutional investors, with excitement around its launch growing. Since DTX started its presale, it has amassed a total of $10 million and is thus the largest ICO of 2024. The launch of this novel exchange is on the Ethereum platform, which will allow DTX to make the most of the advanced infrastructure and smart contracts, thus creating the best decentralized trading platform.
As a Layer-1 blockchain, DTX Exchange enables investors to trade various popular assets such as cryptocurrency, stocks, commodities, and forex. The platform provides a distributed liquidity pool, which helps large investors with big positions buy and sell easily; this also helps reduce order slippage, which is a major problem for traders.
Given its past performance, expert investors who predicted growth in the Solana price in its early days believe that it could become a game-changer for the crypto industry, taking decentralized finance to a new level. If you’re looking for the best altcoin featuring real-world utilities and the potential to become the next big thing in the crypto world, DTX Exchange should be at the top of your list.
Dogwifhat (WIF) Trades At 40% Discount From Record High
Dogwifhat (WIF) is currently trading at a 41% discount from it’s all-time high of $4.85. The token’s price movement highlights the impact of market trends and investor sentiment. Breaking through the $5 resistance level could pave the way for WIF to reach its all-time high.
Built on the Solana blockchain, Dogwifhat (WIF) takes advantage of Solana’s impressive scalability and speed. With the ability to process over 65,000 transactions per second at low fees, Dogwifhat (WIF) offers a fast and efficient platform for DeFi applications, NFTs, and community-driven initiatives.
BONK Faces Major Correction Dips Below $0.00004
The second-largest Solana meme coin, Bonk, has a market cap of $2.89 billion. Launched in the Solana ecosystem in 2023, Bonk is among the top memecoins. On November 20th, it formed an ATH of $0.000062, beating Dogwifhat (WIF) in the race. However, Bonk has dropped 47% in the correction, showing how volatile memecoins can be.
The previous resistance level of $0.000033 has been a strong support for Bonk in the past sessions. At the same time, the immediate resistances are $0.000041 and $0.000048. A successful breach above the local resistances could validate Bonk’s recovery, pushing it through the higher highs.
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