A week after Trump’s victory, the decentralized finance (DeFi) of Solana (SOL) saw a huge comeback as the cryptocurrency market continues to grow. DeFiLlama stated that Solana’s decentralized exchanges (DEXs) achieved a milestone this week, surpassing $5 billion in trade volume for three days in a row. This is the first time that SOL has accomplished this.
The majority of the billions of Solana DEXs that traded over the week of November 10–16 did so on the Raydium platform. This top Solana DEX accounted for more than 62% of this week’s trading volume.
However, as Solana surges, some other coins are also going up, including Dogecoin (DOGE) and BONK. Also, the latest SOL news shows that the new token DTX Exchange will surge 20,000% after its listing on exchanges, which makes it the best option to invest in.
Dogecoin and Solana: A Tight Race in the Crypto Market
With just BNB standing between them, Dogecoin (DOGE) and Solana, two of the biggest cryptocurrencies by market capitalization, are positioned tightly inside the top tiers of the market. In the last 30 days, the market capitalization of both cryptocurrencies has grown significantly.
Dogecoin’s (DOGE) market capitalization is approximately 0.57 times more than SOL’s. Nonetheless, current market conditions indicate that Dogecoin (DOGE) is headed toward further reduction of this disparity.
Solana begins to consolidate at the current stage. Dogecoin (DOGE) will require a further 76% price gain from its present levels to maintain its position as the fourth-largest cryptocurrency by market capitalization. It’s interesting to note that Dogecoin’s (DOGE) market capitalization would surpass BNB’s in the process.
Additionally, a new zero-fee spot trading offer for XRP, Dogecoin (DOGE), and Cardano (ADA) trading pairings with the Japanese yen (JPY) was just launched by Binance. For bitcoin users in Japan, this is fantastic news.
Only the JPY pairs are eligible for the deal, which is valid from November 15 to November 27, 2024. For both new and returning customers, it provides fee-free trades on the Binance Japan platform.
BONK Price Breakout, a Big Surge is Ahead
Recent price changes and robust community support received a lot of attention from Bonk (BONK). Following Trump’s triumph, the price of BONK has broken out of the triangular pattern, according to the daily chart. A break above the record level, which the BONK price is very close to, may start a price spike.
Alongside the triangular pattern’s breakout, there is a strong bullish formation that displays a rounding bottom in September. The price of BONK is showing increasing momentum based on this bullish trend.
A significant upward advance will begin with a break over $0.00004756. The general trend for the BONK is still good despite the short-term volatility.
DTX Will Soar 20,000%, According to SOL News
If a new project is listed on CoinMarketCap, it will be a significant step toward widespread acceptance. This confirms the company’s mission and gives DTX Exchange access to millions of more potential investors. This ranking puts the platform among the top cryptocurrencies available, and it is also suggested by many SOL news sites.
As DTX’s prominence increases, so does its influence on the global market, providing advantages to those seeking a hybrid approach to trading in both centralized and decentralized marketplaces. DTX Exchange is a fantastic choice for the next large cryptocurrency seeking an investor home because of its hybrid Layer-1 Blockchain, an outstanding range of crypto trading tools, and a strong emphasis on financial inclusion.
Learn more:
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Visit the DTX Website
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The post SOL News: The Upcoming 20,000% Binance Listing Will Make You Forget BONK and DOGE’s 10,000% Surge appeared first on CoinChapter.
