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Donald Trump has been a big supporter of Bitcoin and crypto adoption in the United States, promising crypto-friendly policies in his Government. After winning November’s election over Kamala Harris, the 47th US President has taken some major steps to drive market optimism about cryptocurrencies. It even includes Gary Gensler’s resignation and the appointment of a new SEC chair.
Experts feel this major development is a catalyst for Solana and DTX Exchange to make new highs during this bull run. The SOL price is expected to react bullishly due to the hype surrounding its pending ETF approvals in the SEC. DTX Exchange can also compete with the Solana growth cycle after its listing on major trading platforms.
Donald Trump’s new crypto-friendly pick for the SEC Chair marks a major shift in cryptocurrency adoption in the upcoming years. Paul Atkins, a known cryptocurrency advocate is nominated to lead the Securities and Exchange Commission (SEC). Trump announced the decision on Truth Social, praising Atkins as a “proven leader for common sense regulations”.
Atkins, CEO of Patomak Partners, has also served as an SEC commissioner under George W. Bush. If confirmed by the Senate, Atkins would replace Gary Gensler in January after Trump takes oath. Trump emphasized that Atkins’ leadership would champion digital assets and bolster America's economy, leading to major pumps in cryptos like Solana in case of ETF approvals.
The SOL price is well-positioned to enjoy a historic bull run as buyers are strongly holding on to their Solana assets despite its 45.5% monthly pump. The primary reason for this confidence in the SOL price trajectory is the upcoming ETF application deadlines in January 2025, when the crypto-friendly regulator Paul Atkins will likely take the SEC lead.
The expected ETF approvals for VanEck, Canary Capital, and Bitwsie keep Solana holders highly confident about the SOL price trend this year, especially after Standard Chartered’s 400% predictions. This bullish trend and high community confidence can make the SOL price hit $400 by the end of this bull run, which is expected to continue until Q1 of 2025.
DTX Exchange (DTX) is throned as the most successful 2024 presale after it grabbed a ground-breaking $9.5 million in round 6 of the public presale. The project is known for its advanced trading protocols that allow traders to navigate volatile markets efficiently and seamlessly with powerful tools like 1000x leverage, advanced automation, and quant and algo trading.
The crypto community sees DTX Exchange as the next breakthrough tradFi project due to its capability to host 120k+ trading instruments on a single platform, including stocks, cryptos, equities, forex, and bonds. The team has also announced the introduction of the first-ever hybrid layer-1 blockchain with 10,000 TPS and non-custodial Phoenix Wallet, available on Apple and Android stores.
DTX Exchange (DTX) is all set to pump historically under crypto-friendly SEC as its listing is on the horizon. DTX tokens are available at $0.12 in the ongoing presale stage, ready to sky-rocket to $1 after the anticipated live trading announcement this month. This has made DTX Exchange a top pick for bullish gains this year.
The SOL price gets ready for a historic rally as analysts predict that it may reach $1,000 by 2025. This optimism comes from the expected ETF approvals under the crypto-friendly leadership of Paul Atkins as the new SEC Chair. Meanwhile, DTX Exchange (DTX) is setting its mark as the best tradFi project of 2024, which will increase sharply to $1 post-listing, making DTX a prime choice for investors seeking explosive returns.
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