If invested in a good fundamental coin, one bull rally can change a person’s life. The recent rebound in the market indicates that we might be near a raging bull market by the end of August or early September. One of the early investors of Solana (SOL) has placed his bet on the new hybrid exchange – DTX, which challenges the top cryptocurrencies with its great fundamentals.
From its inception, Solana (SOL) has returned 16,873%, and early investors expect that many emerging coins will give such returns in the coming bull market. Meanwhile, Chainlink (LINK), the #16 ranked coin has faced major losses from market volatility. We will analyze the recent developments around Solana (SOL) and Chainlink (LINK).
Brazil’s Securities and Exchange Commission (CVM) has approved a second Solana (SOL) ETF, further solidifying Brazil’s position as a leader in developing a legal framework for cryptocurrency investments. This approval follows the listing of the first Solana (SOL) ETF in Brazil by QR Asset Management on August 8.
The new Solana (SOL) ETF, currently in its pre-operational phase, will be offered by Hashdex, a Brazil-based asset manager overseeing over $962 million in assets, in collaboration with the local investment bank BTG Pactual. This move of Solana (SOL) RTF approval highlights Brazil’s open stance on cryptocurrency regulation.
Despite the correction, some interesting developments have been made around the Chainlink (LINK) network. Chainlink (LINK) reached a new milestone by announcing ten new integrations across 12 chains. These integrations involve four Chainlink (LINK) services, including popular chains like Ethereum, Base, Avax, Arbitrum, Polygon, Optimism, Starknet, Meris, ZkSync, Linea, Binance Chain, and Moonbeam Network.
These ongoing partnerships and integrations could position Chainlink (LINK) alongside major players like Solana and Ethereum. Currently, Chainlink (LINK) is trading at $10.31, following a 2.21% drop in the last seven days and a 27.56% decline over the past 30 days.
In every bull cycle, some projects fly because of the great job done by the teams and the proper utilization of their tokens. DTX Exchange has set a trend with its unique earning and utility models. The concept of a hybrid income-sharing model means that more people will learn from the DTX platform while investing. One of the factors that will contribute to the growth of DTX Exchange in the coming months is the decreasing gas fees.
DTX Exchange presents a truly multidimensional ecosystem due to the availability of assets, including cryptocurrencies, equities, forex, and CFDs. This diversity makes it so simple for investors to provide various portfolios.
By applying blockchain technology, DTX is designed to provide a bridge to the rest of the global market, primarily to the millions of unprivileged people. DTX Exchange adopts non-custodial storage solutions and on-chain verifications, which are state-of-the-art approaches to provide the highest security
On August 21, the DeFi token raised over $2 million from a private seed round and $1.4 million from a public presale. The leading platform tokens currently carry a price tag of $0.04 and will be sold for $0.06 in the next sale. The next stage of DTX is anticipated to register an excess of 1,400% growth.
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Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
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