Whales have been moving their enormous holdings away from established utility tokens such as Solana (SOL) and EOS (EOS). They are now focusing on DTX Exchange (DTX) - a Stage 2 presale sensation many analysts hint could evolve into the next 50x utility token in 2024. Let's look deeper into all three of these tokens.
Recently, Solana (SOL) has been rising on the price charts. CoinMarketCap data shows that the Solana price increased over 700% in the past year alone. Crypto analyst Trader Tardigrade also remains bullish for this utility token. In his X post, he predicts that SOL has the potential to reach $1,600 before the end of 2024.
The technical analysis for the Solana coin also supports this statement. Solana trades above its 100- and 200-day EMAs, while 17 technical indicators are flashing green. Because of all these reasons, experts in the crypto field predict that this utility token will be worth $175 within Q2 of 2024.
Simultaneously, EOS (EOS) is another utility token that is making headlines. In recent exciting developments, Yves La Rose announced that the EOS Network has agreed to approve its new tokenomics model. With this model, EOS will experience an 80% reduction in FDV and 4-year halving events.
This EOS news may cause a new uptrend for this crypto. This utility token's value has fallen nearly 10% in the past 12 months. However, over six technical indicators are now in the buy zone. Therefore, market analysts foresee the EOS coin trading at $1.13 before Q2 of 2024 ends.
DTX Exchange (DTX) is a new utility token that has caught the interest of large-scale crypto whales. The goal of DTX is to change the way financial instruments are traded through an inventive platform that combines all the good things about CEX and DEX into one. Therefore, users experience deep liquidity, access to multiple asset classes and privacy.
Unlike major trading platforms like Coinbase, DTX Exchange allows traders to access over 120,000 asset classes, such as stocks, bonds, or cryptos, with leverage of up to 1000x. This opens the door to flourishing markets like the bonds one, which was valued at $133T in 2023.
The DTX utility token will be at the core of this platform. Holding this crypto is vital if you wish to obtain reduced trading fees, priority customer support, or governance voting rights. Moreover, those who buy $100 worth of DTX during its ongoing presale will enter a $1M giveaway, which rewards ten lucky holders with $100,000 each.
Due to all these reasons, traders are rushing to the DTX presale. It has now raised over $600,000 and is on pace to reach $1M before June 2024 ends. Currently, this utility token is worth just $0.04 as it is in Stage 2 of its presale—a 100% ROI for those who bought it early. Experts predict a major 50x surge once a Tier-1 CEX lists it in Q3 of 2024.
While Solana and EOS are utility tokens worth watching, their long-term growth potential may not match DTX Exchange's. In other words, DTX now has a lower market cap and ties to numerous trillion-dollar markets. Therefore, it will surge faster since it does not need as many new funds. To buy this one-of-a-kind utility token, sign up for its presale now.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.