Market corrections are the best times to accumulate undervalued coins, and institutional investors and high-net-worth investors utilize these times at their best. The report launched recently showed a trader with a $10 billion net worth is betting on the DTX Exchange; according to the reports, the trader’s final position size is going to be 20% in the DTX Exchange.
The trader has chosen DTX over the Solana (SOL) and PEPE market capital and the particular sector. DTX Exchange is currently a small cap and has a huge sectoral edge due to being the first hybrid exchange in the crypto market.
Strong Recovery By Memecoin PEPE
PEPE, a meme-based cryptocurrency, bounced back strongly but again the bearish strength took over. PEPE price surged by 8%, reaching $0.00000834, showing a good recovery after the downtrend, but in the last 24 hours it is down 1.09%.
PEPE’s market cap has decreased to $3.26 billion, placing it at #25 among cryptocurrencies. The 24-hour trading volume is $1.09 billion, showing a decrease of 26.95%. Over the past week, PEPE has seen a 32% drop in value, following a broader trend in the cryptocurrency market where several altcoins have experienced declines.
VanEck Predicts Solana (SOL) ETF In Near Future
There’s a lot of buzz about the possibility of Solana (SOL) based exchange-traded funds (ETFs). Mathew Sigel, VanEck’s Head of Digital Assets Research, is optimistic and believes that Solana (SOL) ETFs might arrive sooner than expected. Sigel suggested that if an Ethereum ETF has been approved, a Solana (SOL) ETF could follow.
However, Robert Mitchnick, BlackRock’s head of digital assets, pointed out the significant difference between major cryptocurrencies like Bitcoin and Ethereum and smaller ones like Solana (SOL). He believes this gap could make it harder for Solana(SOL) ETFs to get approved in the near future.
DTX Exchange $1 Million Giveaway Attracting Users
During the ongoing public presale, DTX Exchange is attracting attention with its impressive features, participant price bonuses, and a massive $1,000,000 giveaway, where ten lucky winners will receive $100,000 worth of DTX tokens.
The public presale for DTX Exchange, a decentralized investment trading platform, is live, and crypto enthusiasts are eagerly snapping up tokens. DTX combines traditional finance instruments like cryptocurrencies and NFTs with a DeFi model, offering a unique hybrid approach.
DTX provides decentralization benefits to a broad range of traditional finance investors. Thanks to its blockchain technology, it ensures top-notch transparency, trust, and security. It also simplifies decision-making with easy on-chain market and sentiment analysis. Plus, DTX Exchange cuts transaction costs by offering zero commission and low fees when paid with DTX tokens, boosting trader profits.
Another draw for investors is DTX’s distributed liquidity pools. By pooling liquidity from various sources, DTX creates a dynamic market that supports profitable trading.
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The post A Trader With $10 Billion Networth Bets on DTX Exchange (DTX) Over Solana and PEPE Memecoin appeared first on Blockonomi.
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