Ethereum and Solana Prices Drop, DeFi Coin Ready For 20x Rally

The Ethereum price is falling and Solana is not far behind it. Both altcoins have seen notable price declines in the past week owing to the huge sell-off across the market. While the market looks forward to a potential rebound in the coming weeks, investors are already turning to new DeFi projects like DTX Exchange (DTX).

Despite being a new leaf, DTX Exchange has caught the attention of the public with its ongoing crypto ICO figures. It has raised over $15 million in funding and given investors 800% ROI. That is not all. Its price is expected to increase by 20x soon, making it a good crypto to buy now.

Ethereum (ETH) Continues Sideways Movement

The Ethereum price has been trading sideways in the past few days. CoinMarketCap data reveals the Ethereum price has remained along the $2k level. The cryptocurrency’s value has dropped by 9.1% on the 7-day chart and 27.5% on the 30-day timeframe.

Should the downtrend continue, Ali Martinez notes the Ethereum price has strong support around the $2,300 mark. Holding this level increases the chances of the Ethereum price soaring to $3k. Ted notes that over $2 billion ETH shorts will be liquidated if the Ethereum price rallies to $3k. Looking ahead, CryptoGoos says the upcoming Ethereum price surge will melt faces.

The analyst forecasts the Ethereum price could rally to $8k and then $16k in the coming months. Alternativbull, another crypto enthusiast, noted an Ethereum price pump is on the way. They compared the current Ethereum price chart with that of 2020 highlighting some similarities. If the Ethereum coin follows this pattern, the altcoin could rally to $4,750 soon.

Solana (SOL) Risk Falling To $100

According to data from CoinMarketCap, the SOL price has been on a downtrend since February 22. The altcoin price dropped from $170 reaching a low of $130 on February 25. The latest SOL price decline comes after Binance offloaded a large amount of SOL on February 24.

The massive sell-off must have affected investors’ sentiment, causing a ripple effect across the market. In terms of future movement, the SOL price has a long way to go to reclaim the $200 mark. Budhil Vyas in a recent tweet told his followers the SOL price is hanging by a thread. The SOL price could fall to $100 if the downtrend continues.

The analyst also highlighted the potential of a possible decline to $50 if the $100 level caves in. On the other hand, another analyst called Lucky has advised investors to remain calm. He told his followers the SOL price was at a good point for buying. Lucky forecasted the SOL price could rise higher in the coming days, telling investors not to panic but to hold tight.

Investors Rush To DTX Exchange (DTX) for Potential 100% Returns

While the Ethereum price is down, DTX Exchange (DTX) has been on an 800% rally in this bull run. It is currently in the crypto ICO phase and has raised over $15 million thanks to the huge interest from investors. Those who get the DTX coin at the current price of $0.18 could see 100% returns on their investments when the coin launches at $0.36.

At its core, DTX Exchange is a game changer that combines the features of both centralized and decentralized exchanges. DTX Exchange is a Layer-1 blockchain-based trading platform that offers more than 120,000 assets such as stocks, cryptocurrencies, forex, and ETFs without KYC. This multi-asset feature allows investors to diversify their portfolios.

This opens up the possibility of high-value assets for both the inexperienced trader and the experienced traders in markets that were previously exclusive to some users. Early investors are not only investing for a chance to earn profits but also get privileged rights such as voting rights, lower transaction fees, and a cut from the platform’s profits.

Why DTX Exchange is the Next Best Crypto To Buy

While the Ethereum price continues to consolidate in a narrow range, upcoming altcoins like DTX Exchange have skyrocketed by over 800%. This massive increase also outshines the current Solana price performance, giving investors an opportunity to shield their investments from further losses as DTX is expected to skyrocket by 20x after listing.

Find out more information about DTX Exchange (DTX) by visiting the links below:

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