Saudi billionaire bets $1.8m on viral Solana alternative before Coinbase listing

As a Saudi billionaire bets $1.8m on this viral Solana alternative, named DTX Exchange, investors wonder what’s ahead for this coin. Let’s find out.

A Saudi billionaire’s bold $1.8 million investment in the DTX Exchange token has caught the attention of investors worldwide. With its smart features, rapid presale success, and anticipated Coinbase listing, DTX Exchange (DTX) is being termed a powerful alternative to Solana (SOL).

While SOL faces challenges in maintaining its dominance, DTX’s growth trajectory is setting the stage for an exciting shift in the crypto market. Let’s find out why this viral project can change the traditional finance world.

Breaking barriers: DTX Exchange’s bold vision for Finance

DTX Exchange is a relatively new project that is bringing us the crypto world’s first crypto-native platform which offers stocks, forex, ETF trading, and over 100,000 currency pairs all in one place. This platform is powered by their layer-1 blockchain VulcanX, which recently launched its testnet, giving an estimated TPS of over 100,000.

Further elevating the game, the platform offers features like 1000x leverage, which lets users’ $100 investment access liquidity up to $100,000. The platform also recently launched Phoenix Wallet, which is a safe and secure option for the custody of all your assets.

The platform is anticipated to come live in Q1 of 2025. DTX Exchange is democratizing its platform launch, as it is not backed by any venture capital firms, giving everyone an equal opportunity to grab the DTX token.

Market sentiment: Will SOL hold its place in 2025?

Solana has maintained its top blockchain platform ranking this year, all thanks to its quick transaction rates and cost-effective setting. This acts as an appealing point to both developers and investors. However, the perception of current market activity is more unpredictable.

Despite over 5% recovery over the previous seven days, SOL, which is currently trading at about $189.32, has decreased 2.95% in the last day. Trading volumes surged to $2.46 billion, while its market value was $90.83 billion.

SOL has significant challenges, even though the Fear-Greed Index of 62 shows bullish traders. The coin has fallen below the critical $200 level, with its 200-day moving average suggesting a more gloomy trend.

SOL’s mega return may be postponed if the Solana Bulls fail to defend the $160 support. By 2025, analysts predict that SOL prices will have recovered to $500, only if it successfully remains above the critical support levels.

For investors, this may yield a 174% increase at current prices, but it is barely comparable to what DTX Exchange has delivered to its early investors, which is over 450%.

This has led analysts to term this fairly new project as Solana alternative, considering its growth potential and hype surrounding the project, which is more than the established project like Solana.

The Saudi billionaire’s bet: What it means for DTX’s future

The upcoming platform, DTX Exchange’s native token DTX, is currently available in its presale stage. The presale has successfully raised over $11m in funding, making the record for one of the fastest-growing presales of the year.

Already six rounds of presales are sold out completely. The DTX token is currently available to be grabbed at a price point of $0.14, which is a cheaper price point as compared to its anticipated listing price of $0.2.

A Saudi billionaire has recently placed a bet on this viral coin, DTX, investing over $1.8m in the project. This comes before the project gets listed on Coinbase, which will translate to a major price hike for the coin. Investors are already looking forward to the project’s trajectory ahead.

For more information, visit the DTX Exchange presale website and join the online community.