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Phoenix Wallet Goes Live! Why Solana & NEAR Whales Are Pushing $1M For DTX Exchange’s Q4 Launch

Press Releases Crypto News CryptoDaily UK Phoenix Wallet Goes Live! Why Solana & NEAR Whales Are Pushing $1M For DTX Exchange’s Q4 Launch

DTX Exchange (DTX) is scaling rapidly as its presale nears its end. Due to its innovation and robust infrastructure, the DTX presale has grabbed the attention of different crypto communities. Smart money investors have already bought slots in the presale, as DTX Exchange is expected to be the next biggest bet.

Meanwhile, amid the rising tension in the Middle East, the crypto market faces selling pressure, with Coins like Solana (SOL) and Near Protocol (Near) falling back to their previous breakout levels. SOL and Near Whales are shifting money into better opportunities like DTX Exchange in the weak market condition.

Solana (SOL) NFTs Gains While NFT Market Slowdowns

October witnessed the revival of the NFT market with a sales volume increase of 18%, thereby putting an end to a seven-month recoil. Moreover, the Solana (SOL)-based NFTs spearheaded the collection sales race, by accumulating nearly $25 million from DogeZuki, Froganas, and Retardio Cousins.

Solana (SOL)’s newly formed NFT ecosystem witnessed a monthly peak of $67 million, garnering the second-largest market share in the NFT space (19%). Due to this surge in the Solana (SOL) network, the NFT sales hit nearly $6 billion. Hence, the network is now benchmarked as the second-most vivid blockchain that facilitates NFTs. This renewed interest in NFTs, especially in Solana (SOL), shows the growing demand for digital assets and Solana (SOL)’s increasing market share.

Near Protocol (NEAR) Continues Downfall Near 52-Week Low

NEAR Protocol (NEAR) continued its tumble on Sunday, decreasing around 20% from the break of the ascending trendline. Declining open interest and Total Value Locked (TVL) further support this bearish trend, pointing to increased selling and blockchain activity and hinting at a severe weakness in the Near Protocol price.

Near Protocol has broken the 50-day EMA and all other short-term moving averages. In September, It rebounded above the 50-day and 200-day EMAs but has again failed with the bear attack. Currently priced at $3.61, with a market cap of $4.40 billion and a circulating supply of 1.22 billion tokens, NEAR has shown a continuous

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Author: Adrian Barkley

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