Morgan Stanley has lowered its price forecast for Ethereum from $5,000 to $3,500 amid a broader market downturn influenced by a Federal Reserve interest rate cut. This correction in major altcoins has triggered a call for investors to consider diversifying into lower-cap altcoins leading specific sectors.
Despite this, the new ERC-20 token DTX Exchange (DTX) is experiencing significant growth, positioning itself as a potential leader in the exchange sector with its hybrid trading model. DTX combines centralized and decentralized trading features, drawing considerable investor interest during its presale stages.
Ethereum closed 2024 with a price increase of 46.11%, reaching a multi-year high of $4,106 in December before falling due to market pressure. The network has shown significant development, with the total staked ETH up 17% and the addition of 23.02 million new holders, raising the total to 134.62 million. Ethereum’s total value locked (TVL) rose to $65.79 billion, and its exchange-traded funds (ETFs) maintained their positive flow into the year’s end with $36 million in inflows on December 31.
DTX Exchange, now in its seventh presale stage, has attracted significant attention with its innovative features, such as a proprietary blockchain boasting 100,000 transactions per second and advanced trading tools like AI execution and 1,000x leverage. This distinctive approach has led to a 600% ROI for early investors and predictions of a potential 50-fold increase after its official launch.
While DTX is capitalizing on innovative trade solutions, Ethereum continues to seek new all-time highs, buoyed by positive metrics and growing ETF investments. The market awaits whether Ethereum can surpass previous highs amid ongoing market corrections and investor interest in emerging contenders like DTX.
