Solana memecoins crash while DTX Exchange hits 100,000 TPS on layer-1 blockchain
The SOL price has dropped more than 20% this week and is trading in red below $194 on Friday. Over $33 million of the $38 million in total liquidations resulting from the recent decline came from long holdings.
Also, this severe decline has shaken certain meme currencies, with tokens like Bonk suffering enormous losses. Amidst the general shift in market attitude, several cryptocurrencies, such as DTX Exchange (DTX), have emerged as the new “Solana-killer.”
As of late 2024, DTX Exchange (DTX) has raised over $10.4 million and has 300,000 subscribers, putting it on course to revolutionize the trading industry. It is now the best option because its price is expected to increase by 500 times for its subscribers.
Solana Price Free Fall: $38.8M Liquidated as SOL Drops to $180
Leverage traders’ positions were eliminated throughout the Solana ecosystem as a result of the recent price decline on Thursday, which set off a wave of liquidation. According to CoinGlass statistics, this drop has led to roughly $38.86 million in total liquidations, of which $33.57 million came from long holdings.
Such liquidations may cause Solana investors to experience Fear, Uncertainty, and Doubt (FUD), which would increase selling pressure and cause the stock’s price to drop even further.
Over the past seven days, Solana’s total value locked (TVL) has dropped 4.5%, which is in line with the SOL price decline to $177. The SOL price has been affected by a decline in interest in DeFi applications based on Solana.
On-chain analytics show a notable decline in daily transactions with an impact on SOL price. The SOL price has formed an inverted V-shaped pattern, which indicates seller dominance. The $170–$180 area provides immediate support for the SOL price. Yesterday, the SOL price closed below $190 and fell about $150.
BONK Plummets 30% as Investors Flock to DTX Exchange
As investor mood shifts toward utility cryptocurrencies over the Christmas season, cryptocurrency researchers have seen a downward trend in Solana memecoins like BONK. Since their capital is shifting to the DTX Exchange (DTX), BONK has fallen more than 30% in the past week.
DTX Presale Attracts Major Players from Solana (SOL) Memecoin
Because the DTX Exchange offers a chance to join its utility-driven ecosystem, the Solana (SOL) memecoins have seen a rise in outflow due to its exceptional presale. With an incredible $10.44 million raised in less than two weeks, the DTX presale has diverted the interest of all the major players in the market.
BONK surged 205% in a single month, making it one of the top gainers in November’s bullish rise. However, the BONK price drop has mirrored the spike, falling 48% from the November peak to a low of $0.00003251. BONK is trading in negative phases, rising and falling from a flag-like pattern. With a strike level of $0.000035, a third bear flag has developed; a break from this might send BONK to a new low.
DTX Exchange Leaves Solana in the Dust with 100,000 Transactions Per Second
The fact that DTX has already drawn over 300,000 wallet addresses demonstrates how confident investors are in this venture. With 100,000 transactions per second on its testnet, DTX Exchange has further demonstrated the blazingly quick transaction speed it provides. To put it simply, we can observe how much quicker DTX Exchange is when compared to Solana.
In particular, DTX Exchange processes an astounding 100,000 transactions per second, whereas Solana only allows about 600. Because of its speed alone, analysts are quite certain that a large number of people will flock to DTX Exchange!
Find out more information about DTX Exchange (DTX) by visiting the links below:
| Disclaimer: The text above is an advertorial article that is not part of Coincu.com editorial content. |
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Solana memecoins crash while DTX Exchange hits 100,000 TPS on layer-1 blockchain
The SOL price has dropped more than 20% this week and is trading in red below $194 on Friday. Over $33 million of the $38 million in total liquidations resulting from the recent decline came from long holdings.
Also, this severe decline has shaken certain meme currencies, with tokens like Bonk suffering enormous losses. Amidst the general shift in market attitude, several cryptocurrencies, such as DTX Exchange (DTX), have emerged as the new “Solana-killer.”
As of late 2024, DTX Exchange (DTX) has raised over $10.4 million and has 300,000 subscribers, putting it on course to revolutionize the trading industry. It is now the best option because its price is expected to increase by 500 times for its subscribers.
Solana Price Free Fall: $38.8M Liquidated as SOL Drops to $180
Leverage traders’ positions were eliminated throughout the Solana ecosystem as a result of the recent price decline on Thursday, which set off a wave of liquidation. According to CoinGlass statistics, this drop has led to roughly $38.86 million in total liquidations, of which $33.57 million came from long holdings.
Such liquidations may cause Solana investors to experience Fear, Uncertainty, and Doubt (FUD), which would increase selling pressure and cause the stock’s price to drop even further.
Over the past seven days, Solana’s total value locked (TVL) has dropped 4.5%, which is in line with the SOL price decline to $177. The SOL price has been affected by a decline in interest in DeFi applications based on Solana.
On-chain analytics show a notable decline in daily transactions with an impact on SOL price. The SOL price has formed an inverted V-shaped pattern, which indicates seller dominance. The $170–$180 area provides immediate support for the SOL price. Yesterday, the SOL price closed below $190 and fell about $150.
BONK Plummets 30% as Investors Flock to DTX Exchange
As investor mood shifts toward utility cryptocurrencies over the Christmas season, cryptocurrency researchers have seen a downward trend in Solana memecoins like BONK. Since their capital is shifting to the DTX Exchange (DTX), BONK has fallen more than 30% in the past week.
DTX Presale Attracts Major Players from Solana (SOL) Memecoin
Because the DTX Exchange offers a chance to join its utility-driven ecosystem, the Solana (SOL) memecoins have seen a rise in outflow due to its exceptional presale. With an incredible $10.44 million raised in less than two weeks, the DTX presale has diverted the interest of all the major players in the market.
BONK surged 205% in a single month, making it one of the top gainers in November’s bullish rise. However, the BONK price drop has mirrored the spike, falling 48% from the November peak to a low of $0.00003251. BONK is trading in negative phases, rising and falling from a flag-like pattern. With a strike level of $0.000035, a third bear flag has developed; a break from this might send BONK to a new low.
DTX Exchange Leaves Solana in the Dust with 100,000 Transactions Per Second
The fact that DTX has already drawn over 300,000 wallet addresses demonstrates how confident investors are in this venture. With 100,000 transactions per second on its testnet, DTX Exchange has further demonstrated the blazingly quick transaction speed it provides. To put it simply, we can observe how much quicker DTX Exchange is when compared to Solana.
In particular, DTX Exchange processes an astounding 100,000 transactions per second, whereas Solana only allows about 600. Because of its speed alone, analysts are quite certain that a large number of people will flock to DTX Exchange!
Find out more information about DTX Exchange (DTX) by visiting the links below:
| Disclaimer: The text above is an advertorial article that is not part of Coincu.com editorial content. |
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