CPI rose to 2.9%, in line with expectations and core CPI fell to 3.2%; overall, it was good for markets. The CPI data shows cooling inflation, pushing the prices of top altcoins like Solana (SOL) and Ethereum (ETH) upward.
Interest in DTX Exchange (DTX), a new DeFi crypto, also skyrocketed. Behind the rising demand are its unique hybrid trading platform—a blend of CEX and DEX—and its potential transformation of the $10 billion global trading scene. Its impending adoption has sparked bullish forecasts, hailed by experts as the next 100x token.
DTX Exchange (DTX): The Next 100X Coin?
DTX Exchange (DTX), a new altcoin at the intersection of DeFi and TradFi, basks in the spotlight. Its unique narrative—a hybrid trading platform—and combination of the best elements of centralized and decentralized exchanges drive huge interest and demand.
Through its unified blockchain, VulcanX, DTX aims to bridge the gap between TradFi and DeFi. It will be the first crypto-native platform to offer conventional financial instruments like stocks, forex, ETFs and commodities. Some of its key features will include wallet-based trading, non-custodial storage solutions and distributed liquidity pools—a new DeFi project to watch out for.
Given imminent adoption, it has been selling out fast in presale, crossing $11.8 million in raised funds in record time. Meanwhile, a token costs just $0.14 in the seventh round of the ICO and is tipped for a 100x upswing after Tier-1 exchange listings. With plenty of room to run as a low-cap with solid fundamentals, it is arguably the best new crypto to invest in, edging out top crypto coins like Solana (SOL) and Ethereum (ETH).
Solana (SOL): Breakout Above the $200 Resistance
The Layer-1 crypto Solana (SOL) has been one of this week’s top gainers. Since falling below $180 on Monday, the bulls have been on a roll. As of press time, the Solana price trades above $205, flipping a key resistance to support.
Meanwhile, further gains are anticipated, supported by key indicators like the 10-EMA and 10-SMA. At the same time, experts are optimistic about a good run in Q1. undeadcat1or0, a crypto analyst on X, believes there is plenty of time for Solana (SOL) to hit $420 and $690 before the next token unlock in March.
Wifichecks, another expert, sees the altcoin reaching $300 to $320 between the first and second week of February. While it is a good crypto to buy, its large market cap leaves little room for growth, making new altcoins like DTX Exchange (DTX) more appealing.
Ethereum (ETH): Is $4,000 Close?
Ethereum (ETH) reacted positively to the latest CPI data, soaring alongside the overall crypto market. An inch away from $3,500, a breakout is expected any moment. Flipping this level will undoubtedly boost investors’ confidence, crossing the $4,000 resistance in no time.
Following its latest performance, Trader_Matt, a top analyst, sees a rally above $4,100 and its all-time high—$4,800—as a high probability. Tradermayne, also optimistic, expects Ethereum (ETH) to trade above $4,000 in Q1, positioning it among the top cryptos to buy.
Meanwhile, these forecasts are supported by key indicators like the 20-VWMA and 9-HMA. However, as the second-largest cryptocurrency, ETH’s upside potential is limited, shifting interest to low-caps like DTX with plenty of room for growth.
DTX Exchange (DTX): A More Compelling Crypto Pick Than Solana (SOL) and Ethereum (ETH)
Given its low market size, DTX Exchange (DTX) has more room to run than Solana (SOL) and Ethereum (ETH). Besides, it boasts solid fundamentals, poised to reshape the global trading scene via a hybrid model. As the bull market unfolds, it is one of the new altcoins to watch out for.
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