VanEck Forecasts $520 For Solana, Ali Martinez Forecasts $10 For Dogecoin, New Coin Could Outshine Both
Despite the downturn in the market, VanEck says the value of Solana (SOL) could reach $520 this year. Meanwhile, Alli Martinez forecasts Dogecoin (DOGE) price might rally to $10. Though these projections have increased investors’ interest, another rising star is slowly gaining the limelight, DTX Exchange (DTX).
DTX Exchange is a new-generation trading platform for cryptocurrencies and traditional assets that combines CEX and DEX models for fast trading. DTX is currently in the presale phase but has soared by over 700%. Given its growing community of over 550,000 users, the price of the cryptocurrency might jump by 20x in 2025.
Solana (SOL) Could Pump To $520
VanEck, one of the largest investment managers, has given a bullish forecast for Solana (SOL). They say the price of the cryptocurrency could pump to $520 before the end of this year. If this happens, the market cap of the altcoin could increase to $250 billion.
As stated in the post on X, VanEck’s SCP market cap was based on the US M2 money supply growth, which is positively associated with the crypto market capitalization. According to VanEck, Solana's SCP market cap is set to rise from 15% to 22% by year-end on the back of rising developer control, DEX volumes, revenues, and active users.
In the meantime, the Solana coin is trading below the $200 mark after a price dip on Thursday. CoinMarketCap shows the Solana price had dropped by 18.9% on the weekly chart. Despite the downtrend, the Solana crypto is still trading above the 200-SMA ($183.82). Losing this support level could lead to a steep decline in the coming weeks.
Dogecoin (DOGE) Could Surge To $10
Ali Martinez, one of the best crypto analysts in the industry posted a chart on X that shows that Dogecoin (DOGE) has been trading in an ascending channel. The analyst believes that the Dogecoin price could pump to $10 on one condition. This condition is that it must hold the $0.19 support.
Losing it could spark a downtrend in the next few days. However, if it holds, Ali believes the value of the Dogecoin crypto might rally to $10. Meanwhile, AMCryptoAlex forecasts the price of the Dogecoin token could pump to $0.65 in the next few weeks. However, the analyst expects the memecoin to retest the $0.17-$0.18 level first.
At the moment, Dogecoin is battling with bearish pressure after a huge sell-off hit the market recently. Data from CoinMarketCap shows the value of the cryptocurrency has dropped by 25.3% in the weekly timeframe. There are also losses of 28.5% and 27.1% on the biweekly and monthly levels. Nevertheless, analysts expect a rally to kickstart soon.
DTX Exchange (DTX): A Hybrid Trading Platform With Multi-Asset Access
DTX Exchange (DTX) is a new-generation trading platform that combines centralized and decentralized trading for the fastest and safest trading with a vast choice of assets. Currently, the platform has over 550,000 registered users which indicates that the platform is steadily gaining popularity. Smart investors are already buying the token at $0.16 before the price increases.
The primary selling point of DTX Exchange is its trading platform that supports cryptocurrencies, stocks, forex, commodities, and ETFs. DTX provides more than 120 thousand financial instruments, which means that traders can create diverse portfolios without using several platforms.
It also has a VIP Rebate System that allows the user to get up to 3% of the trading fees. This way, traders can earn passive income, thus making it possible to have long-term engagement and loyalty to the platform, which is facilitated by the DTX tokens. Furthermore, DTX Exchange is one of the few exchanges that do not require users to go through the KYC process, which means that it is possible to register in a few minutes.
A New DeFi Coin Could Outshine Solana and Dogecoin
Although Solana (SOL) and Dogecoin (DOGE) could rise to new highs, DTX Exchange might be the dark horse of this cycle. The value of its native token has risen by 700%, making it a good cryptocurrency to buy. Besides, DTX has a lower market cap and more utility compared to SOL and DOGE.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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