Solana (SOL) Price Prediction as BTC Reclaimed $65K: Will this Proprietary Hybrid Layer-1 Blockchain Overtake Cardano (ADA)? 

As Bitcoin crosses $65,000, Solana (SOL) is on track to skyrocket, while DTX Exchange (DTX), a novel trading platform with a hybrid blockchain, is tipped to overtake Cardano (ADA). 

Sentiment has been euphoric as Bitcoin (BTC) crossed $65,000 this week. With the momentum set to continue and altcoins poised for a parabolic run, this post will cover the Solana (SOL) price prediction for the month and the rest of the year. 

Also gaining quite a buzz is DTX Exchange (DTX), a novel project with its own proprietary hybrid Layer-1 blockchain. Its vision revolves around transforming the global trading landscape by combining the best elements of DEX and CEX and intersecting with TradFi and DeFi. With adoption imminent, it is on track to overtake Cardano (ADA).

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DTX Exchange (DTX): Rivaling Popular and Established Players 

DTX Exchange (DTX), one of the most promising ICOs, is on course to shake up the crypto world and the wider financial landscape. Its intriguing blend of CEX and DEX, while bridging the gap between traditional and decentralized finance, places it on the list of new DeFi projects to keep on the radar. 

Moreover, its proprietary Layer-1 blockchain recently went live, designed to integrate conventional financial instruments with cutting-edge Web3 products. The significance will be the trading of diverse assets across stocks, ETFs, bonds, forex and cryptocurrency through the hybrid blockchain, VulcanX. 

This trailblazing move, hailed as the future of trading, will see it transform the $3.2 billion global trading market. Also driving interest is its staggering upside potential, on course to rival Solana (SOL) and Cardano (ADA). With over $4.8 million raised and a token priced at $0.08 in the fourth round and tipped for a 65x uptick post-launch, it is a must-have coin this cycle. 

Solana (SOL): Projected Rally Above $250 Before the Year’s End 

Solana (SOL), one of the top crypto coins, is at the forefront of the altcoin market. It is only behind Ethereum and BNB on the altcoin list, highlighting its leading status. Moreover, it plays a key role as a DeFi solutions and services provider, facilitating the creation of decentralized applications (dApps). 

As Bitcoin crossed $65,000, Solana (SOL) also gained significant traction. The Solana price soared 9% on the weekly charts, trading above $155. With a rally unfolding on the 24-hour chart, it is an inch away from breaking the $160 resistance. 

The coming days and weeks promise even more gains and SOL is among the altcoins to watch out for. This month, it is on track to flip the $175 resistance into support. A popular Solana price prediction suggests a jump above $250 before the year’s end, positioning it among the best cryptos to invest in. 

Cardano (ADA): On Track to Hit $1 

The Layer-1 token Cardano (ADA) is one of the top altcoins—a top 10 cryptocurrency. Its unique offering centers around creating decentralized applications—a provider of DeFi solutions. The recent Chang hard fork, which introduced on-chain governance, continues to stir up a buzz. 

As the wider crypto market gained momentum, so did Cardano (ADA). It shrugged off bearish pressure and resumed its uptrend. A 3% upswing unfolds on the weekly charts, while the Cardano price is over 5% in the past 24 hours. 

With “Uptober” shifting gear, ADA might retest its year high of $0.77. A bullish Cardano price prediction hints at a monthly close above $0.5 and $1 before the curtain closes on the year. At its current price, it is a good crypto to buy. 

Conclusion

As BTC crosses $65,000 and “Uptober” unfolds, Solana (SOL) is tipped to cross $250 this year and Cardano (ADA) is on track for a jump above $1. Meanwhile, boasting a higher upside potential is DTX Exchange (DTX), a hybrid exchange platform. Its proprietary hybrid Layer-1 blockchain and explosive growth prospects make it a must-have coin. 

Learn more: 

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Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.