Solana (SOL) and NEAR Protocol (NEAR) investors are moving towards the presale of the new DeFi toke despite favorable developments in the Solana ecosystem and NEAR Protocol. As per the report, Solana and NEAR Protocol investors are herding to the presale of the new DeFi coin, the DTX Exchange. This new DeFi coin is enticed by its potential for 50x returns.
Notably, the world of decentralized finance (DeFi) resumes to attract investors looking for the next big opportunity in the cryptocurrency space. Plus, the 4th quarter of the year with major bullish momentum in the cryptocurrency market. Moreover, the emerging altcoin platform DTX Exchange (DTX) has made a strong impact.
In addition, the new DeFi platform has already raised over $4.75 Million weeks earlier than expected. This reveals the surge in interest in a new DeFi coin presale. Now, the Solana and NEAR investors are participating in the pre-sale of the DTX Exchange DeFi coin, attracted by the potential for a huge profit.
Excitement about the new coin’s potential for 50x returns is at an all-time high with SOL and NEAR recently registering strong on-chain activity and positive price momentum.
Solana surges as on-chain activity boosts market momentum
Solana continued its uptrend last week, reaching above $150.15 on October 14, 2024. On-chain metrics and the growing number of holders of meme coins hosted on the Solana blockchain are key market movers that provide the potential for an SOL price rally.
According to the data from Artemis, notable on-chain metrics on Solana, including the number of transactions and active addresses have increased over the past month.
Plus, SOL was trading at $155.64, on October 15, up to 5.37% over the past week. Due to rising demand, experts say SOL will rise to $164.85 this month.
NEAR Protocol’s activity surges sharply
The NEAR Protocol has gained more than 20% despite the recent market decline.
The NEAR protocol receives its NEAR 2.0 system update in August 2024, incorporating blockchain sharding into its ecosystem. It could support massive developer and user adoption of the NEAR project, which has recently increased its value.
