Solana provided massive gains in 2023, setting a precedent in the crypto sphere. Ever since market experts and investors have been in search of altcoins that could replicate the ascending trajectory of Solana. The current session witnesses three altcoins that are primed to give Solana-like returns. These include Dogecoin, Fantom, and DTX Exchange!
Solana’s ATH Within Reach: Whale Activity Increases
Solana [SOL] experienced significant buying activity as whales continued to accumulate and stake large quantities of SOL. One major holder withdrew 206,111 SOL, valued at $36 million, from Binance and staked it over the past nine days.
This large-scale accumulation hinted at growing confidence in Solana’s potential for further gains, as its price held above $175. This sustained whale interest and staking activity indicated that SOL could be on track to reach new highs.
Earlier in 2023, Solana gave exemplary returns to investors setting new highs in the market. Though the current session witnesses a bullish momentum surrounding Solana, the 2023 gains remain untouchable. Dogecoin, Fantom, and DTX Exchange are set to give Solana-like gains in this bull run.
Dogecoin Could See New Yearly Highs!
Dogecoin (DOGE) was up over 8% on Tuesday following a massive rally in the past three days. With the price surge, the number one meme coin could attempt to set a new yearly high in the coming days.
The meme coin is attempting to sustain an extended move above the $0.1756 resistance level. This would see the Dogecoin enter into a key rectangular channel after rising nearly 15% within a few hours. However, it saw a rejection around this level as selling pressure prevailed.
Since bouncing off the 100-day Simple Moving Average (SMA) on Saturday, Dogecoin has posted a 33% gain. With the buying momentum rising, the top meme coin could set a new yearly high above $0.2288 if it reclaims the $0.1756 level and maintains a move above it. Thus, it is poised to give Solana-like gains in this bull run.
Fantom (FTM): A Prospective Breakthrough
Fantom (FTM), with its scalable, fast blockchain infrastructure supporting distributed apps (dApps), is another token attracting interest. With its price trying to cross the $11.2364 barrier following an explosive 219% from a low of $0.2576, Fantom has seen a notable rise.
Fantom’s future seems bright to investors, who also expect more price rises in the next weeks. FTM is a top platform for DeFi projects since its technical advancements and robust ecology help to explain its explosive development.
FTM’s excellent fundamentals and capacity to manage massive transaction volumes differentiate it from the increasingly competitive crypto market, so appealing to those trying to profit from the next wave of distributed applications. Thus market experts are positive that Fantom will soon touch remarkable highs in this bull run.
DTX Exchange (DTX) Gets a Major Boost, Analysts Call It Solana-Killer!
DTX Exchange (DTX) is making a name for itself as one of the hottest new ICOs. The recent listing of the DTX utility token on CoinMarketCap could draw in more eyeballs for this altcoin. Since traders often look at CMC for any new projects with good growth potential, DTX could be right up their alley.
DTX Exchange has already been making headlines thanks to its hybrid trading model, which will combine the best of CEX and DEX. When this trading platform launches, people will experience privacy thanks to no sign-up KYC checks, access to over 120,000 asset classes (gold, stocks, crypto coins, etc.), and transaction speeds as fast as 0.04 seconds.
People who are interested in the DTX Exchange are buying the DTX token. This token will let them vote on how the exchange is run, use better analytics, and more. Right now, one DTX token costs $0.08. However, after the fifth stage of the crypto ICO event, the price will go up to $0.10. When the altcoin finally launches, it’s expected to be worth $0.20. This means people who buy it now could make a 150% profit. The low cap, high ROI coin is being anticipated to provide Solana-like returns.
Key Takeaways
The massive presale success of DTX Exchange has earned it the title of Solana-killer in the current session. Following a similar pattern of gains, Dogecoin and Fantom (FTM) have also emerged as notable gainers, thus analysts predict that these three altcoins can replicate Solana’s gains of 2023.
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