The crypto market is gradually recovering as interest and confidence return. However, some altcoins are seemingly overpriced, meaning a pullback (a healthy correction) is set to play out before any strong uptick. As such, Solana (SOL) and TRON (TRX) might plummet further in the coming days.
In the search for more promising altcoins, whales have been betting on DTX Exchange (DTX). This emerging altcoin has substantial upside potential (a low-cap gem), alongside an imminent transformation of the global trading scene.
DTX Exchange (DTX): Road to $1
DTX Exchange (DTX) is at the heart of the current market buzz, capturing whales’ attention. The growing number of large-volume investors can be linked to its significant growth prospects and impending transformation of the global trading market. So far, more than $1.5 million has been raised in funding.
Its unique offering is a hybrid protocol that combines the strengths of centralized and decentralized exchanges—a one-stop platform. Thousands of assets across TradFi and DeFi can be traded on a single wallet, hinting at imminent adoption.
Sweetening the deal is its low entry point. The presale is currently in the second round, priced at only $0.04. Analysts predict a rally past $1 before the year’s end, making it a more compelling option than seemingly overpriced top coins like Solana and TRON.
Solana (SOL): Impending Fall Below $100?
Solana (SOL), one of the most popular names in the crypto scene, continues to make headlines—not all for good reasons, though. Its performance in the year’s first half was remarkable, hitting $200 during the March high. However, there has been a decline below $150, with fear of further decline looming.
Despite trading 40% below its all-time high of $260, many still believe the Solana coin is overpriced at the current level. The latest jump in price was fueled by the meme craze—a bubble that has since burst. While another bull run might play out, we might see a healthy correction in the Solana price below $100 first.
TRON (TRX): Potential Fall Below $0.1
TRON (TRX) has made headlines this month. If you are a meme enthusiast, chances are you have bridged from Ethereum or Solana blockchains to TRX for new and promising memes. It is in the spotlight thanks to the buzz around TRX memes.
The recent launch of SunPump fully introduced memes to the TRON chain. Interest shot up, pushing the TRON price close to its 2017 all-time high of $0.3. However, critics believe this traction will be short, with a fall imminent.
A popular TRON price prediction making waves suggests a decline below $0.1 before the month’s end. Hence, its current price might not be a true reflection of its valuation.
Conclusion
Solana and TRON are seemingly undervalued, prompting whales to shift to promising altcoins like DTX Exchange. This emerging altcoin is set to transform the global trading scene, making it a new DeFi project to watch out for.
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