While FLOKI hasn’t been hit by a bearish downturn, its price has surprisingly plunged in the last 7 days. Meanwhile, the emerging AI-powered trading crypto DTX Exchange has gone viral after raising $2.6 million in its presale.
Solana (SOL)
The Solana (SOL) network rewards its validators for protecting the network using a proof-of-stake (POS) system. Each time the validators are rewarded for their contribution, the total amount of Solana (SOL) available jumps high, which causes inflation.
Currently, Solana (SOL) is dealing with an annual 5% inflation rate, which is projected to go down by a minute 1.5% in the next 15 years. If the users decide to offload their available Solana (SOL) holdings, the network’s purchasing power will only decrease over time.
FLOKI 24-Hour Trading Volume Dips By 19.49%
FLOKI had joined the skyrocketing bullish rally with other memecoins taking the internet by storm. However, with the passage of time, its popularity has gradually decreased after it lost its viral social media engagement and fell behind on blockchain developments and network-based upgrades.
Named after the Tesla founder Elon Musk’s dog, FLOKI hasn’t been the talk of the town after it slumped in trading volume by a whopping $19 million in the last 24 hours. However, its investor community is still backing it up because of its robust market capitalization, which stands firm at $1.18 billion even after facing a fierce downturn.
With the technical indicators showing an extended bearish period for the FLOKI network, it might be poised for a potential breakout as the market recovers from its bearish sentiment. FLOKI is projected to be the next viral crypto after Dogecoin (DOGE) as it nears completion of its flagship utility projects, namely “Valhalla, FlokiFi, FlokiPlaces, and University of Floki.”
DTX Exchange Bags Another Million: Presale Nears $3 Million
The layer-1 protocol DTX Exchange (DTX) has been in the news for quite a while now. This DeFi sensation has gone viral after it secured another million in its ongoing presale round, dragging the current figure to $2.6 million with 62.97% tokens left. The exchange is now eyeing the $3 million milestone, which poses no potential challenges given its ongoing bullish rally.
The DTX Exchange deploys state-of-the-art Ethereum-based blockchain technology to provide lightning-fast execution speeds, robust security protocols and distributed liquidity pools. The network comprises ERC-20 tokens that have a main role in the governance and operation of the exchange. It gives DTX token holders the power to be a part of its governance decisions.
The platform decisions include exchange upgrades and protocol changes. Additionally, the DTX token can also be used to enjoy premium features, reduce trading fees, receive loyalty rewards, and participate in becoming a member of the future potential airdrops.
DTX Exchange Leads FLOKI With Next-Gen AI-Powered Trading
With over 12,000,000 DTX tokens sold so far, the DeFi network boasts 14,000 unique holders who aim to remain intact with the network for its insane rewards and no-commission policy. What makes a DTX Exchange a leading project is that it’s configured to be interoperable with external protocols and platforms.
This cross-chain integration enables the platform to offer access to a broad range of assets and liquidity. DTX Exchange allows its traders to access over 120,000 crypto assets and enjoy high-velocity trading. The presale rockstar DTX Exchange makes it among the most successful presales of 2024.
Learn more:
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