FDUSD Stablecoin Deployed On Solana As Analysts Forecast Major Breakout Rallies for Polkadot and DTX Exchange

The Solana ecosystem has been witnessing massive growth in the past month, surpassing other platforms in terms of revenue generated, TVL, etc. Currently, another stablecoin called FDUSD is about to join the likes of USDT and USDC on the Solana network.

In other news, Ali Martinez says Polkadot (DOT) is preparing for a breakout that could take it to $9.5 in the next trading sessions. Analysts also say DTX Exchange (DTX) might see massive price growth in the next few months as its crypto ICO gains momentum, raising over $6.3 million.

Stablecoin issuer First Digital Trust announced on Thursday it was adding support for its FDUSD token to the Solana blockchain. The expansion is intended to introduce faster and more efficient transactions to its users and increase its presence in the digital asset space. FDUSD users will be able to capitalize on Solana’s (SOL) scalability, low fees, and fast transactions.

The latest integration comes after the Solana coin rallied to a weekly peak of $182.79, as per CoinMarketCap data. Although the cryptocurrency’s value has dropped to the $170 range, it is still above the 200-SMA ($151.31). Coincodex forecasts the Solana (SOL) could rally to $198.40 before the end of November. Poe_Ether says the value of the Solana token might pump to $500 before the year runs out.
Polkadot (DOT) has underperformed other altcoins in the crypto market in the past month. While the likes of Solana and Tron have risen to the top, the Pokadot coin continues to trade under bearish sentiment. One reason for the poor Polkadot price movement could be the drop in developmental activities and upgrades on the network.

Currently, the cryptocurrency’s value is consolidating between $3.90 and $4.60 on the monthly chart on CoinMarketCap. Its market cap has dipped from the March peak of $15 billion and is now around the $5.6-$6.5 billion mark. However, Ali Martinez took to X lately, comparing Polkadot’s (DOT) chart to that of Fantom.

According to him, the Polkadot crypto is primed for a breakout. He posted a chart that showed the cryptocurrency soaring to $9.5 before pumping to $22. In the meantime, Polkadot (DOT) has an immediate resistance at the 50-SMA ($4.31).
DTX Exchange (DTX) is currently in the fourth phase of its presale and is valued at $0.08. The DeFi project has shown exceptional performance over the past months and is expected to soar by 5x soon. DTX Exchange remains an innovative platform with many functionalities that are attractive to investors and traders. One of them is the large range of tradable assets such as cryptocurrencies, stocks, ETFs, indices, and forex.

Offering this wide range of assets puts DTX Exchange in the $714.7 trillion OTC derivatives market, a feature many top exchanges lack. This range of assets makes DTX Exchange a good platform for those who want to trade traditional assets and cryptocurrencies. Also, traders can use small capital to make a big profit out of price movements using the 1000x surge.

Among the presented tools, it is necessary to mention the Phoenix Wallet, which helps users store stocks and forex assets with no necessity to turn to a centralized exchange. This innovative achievement not only establishes new benchmarks in this field but also helps traditional traders diversify their portfolios.

While FDUSD joins the stablecoins on the Solana (SOL) network, Polkadot (DOT) and DTX Exchange (DTX) are looking forward to a price surge. Ali Martinez forecast the price of Polkadot could soar to $9.5 while DTX Exchange is expected to rise by 5x in the coming weeks. Such potential price growth makes them the best cryptos to buy now.

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