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The recovering market conditions have restored performance potential among the renowned cryptocurrency projects. As a result, Solana and Injective (INJ) have regained momentum and are soaring ahead. Meanwhile, the emerging hybrid platform DTX Exchange (DTX) has surprised investors with its recent $6 million milestone and the upcoming Phoenix wallet launch.
Based on the data fetched from Lookonchain, Solana's recent network activity showcases whales injecting millions into the SOL network. In the last six days alone, a whale with wallet address AA21…VxH9 bought 153,511 SOL tokens (approximately $26.4 million). The whale completed the purchase from Binance and then staked all of the accumulated assets.
Another whale with the wallet address EHax…gAUa has also done surprising activity in the Solana network. Over the course of three days, he withdrew 35,498 SOL tokens (approximately $6.12 million) from both Binance and Kraken. This rising demand in the Solana blockchain is bringing renewed investor confidence in SOL and its promising future outlook.
Furthermore, a whale with the wallet address EGzi…mR7g bought 13,000 SOL tokens (approximately $2.3 billion) from Binance in the last 24 hours, currently owning a total of 95,651 SOL tokens worth over $16.8 million. With the current network activity in the platform, Solana is rapidly developing a bullish sentiment amid the broader market shift.
Injective (INJ) faced a decline in October due to the rising selling pressures in the platform. However, the upcoming elections have shifted investors to take a different approach toward the Injective (INJ) token. Seen as one of the highest gainers in the next bull run, Injective (INJ) might cross the $30 mark if stakeholders successfully drive the token bullish with huge capital.
A recent bulletin about Injective (INJ) becoming a part of the Artificial Superintelligence Alliance (ASI) following its governance vote can also spread a bullish narrative for INJ in the market. The changing trend and certain technical indicators suggest a huge leap for Injective (INJ) in 2024, suggesting a massive market cap surge and a positive effect on the overall altcoin sector.
In terms of performance metrics, Injective (INJ) is trading at $18.8 today, with a minor 2.20% surge in the last 24 hours. Injective (INJ) holds a market cap of $1.87 billion, which has gone up by $37 million recently. The bullish narrative about Injective (INJ) has surged its 24-hour trading volume by 15.23%, increasing the network activity and spiking the volume to $57.04 million.
DTX Exchange’s rising recognition among some of the renowned cryptocurrencies has alerted crypto whales about its rapid success. Just recently, DTX Exchange’s ongoing presale received a whopping $200,000 accumulation over the weekend, striking its current presale value to $6.12 million. The platform’s presale is gaining momentum as the market advances to the upcoming bull run.
In a nutshell, DTX Exchange (DTX) is a hybrid crypto trading exchange that allows users to trade cryptos, forex, equities, and contract-for-differences (CFDs). The platform features cutting-edge infrastructure and highly lucrative trading features to provide 25x opportunities. The platform is built on the Ethereum blockchain, which ensures high scalability and strong security measures.
Following its resounding success in the presale phase, DTX Exchange (DTX) is gearing up to make a grand announcement of its upcoming Phoenix Wallet feature. This will enable traders and investors within the DTX Exchange platform to pay, borrow, and send crypto conveniently with the most advanced and secure Web3 custody solution.
According to the DTX Exchange’s developer team, this wallet launch is going to be a game-changer for the entire crypto community. Amid the Phoenix wallet launch hype among DTX Exchange community members, investors from external exchanges are showing interest in this emerging DeFi platform and are buying loads to land high ticket profits amid the shifting market sentiment. Join 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.
