Charles Hoskinson Picks LayerZero (ZRO) Promising New Altcoin Priced At $0.06 Ahead of Solana (SOL)

In a surprising move, Charles Hoskinson, Cardano cofounder, has taken another swipe against Solana. He has thrown in support for LayerZero (ZRO) and another new altcoin, DTX Exchange.

.06 Ahead of Solana (SOL)" >

Cardano cofounder Charles Hoskinson has highlighted LayerZero (ZRO) and DTX Exchange (DTX) as promising new altcoins with more potential than Solana (SOL).

According to him, these coins are showing strong gains and could be set for further increases in the coming weeks. He also noted that DTX Exchange, a new DeFi project, is available at a low price of $0.06 and could soar by 10x from its current level.

Charles Hoskinson has been a vocal critic of Solana in the past, slamming its technology and even calling it a “shitcoin.” He has consistently touted Cardano as the superior blockchain, highlighting its efficiency, scalability, and security advantages.

However, despite Hoskinson's critiques, Solana has managed to outpace Cardano in terms of market performance and mainstream adoption. Solana coin ranks among the top 5 cryptocurrencies, while ADA sits lower on the crypto ladder.

Solana (SOL) Price Analysis: Bullish Technicals, Crypto Could Rally to $250

Solana (SOL) has shown resilience in recent weeks, notching gains on the weekly, biweekly, and monthly timeframes. Data from CoinMarketCap shows the value of SOL has increased by 13.3%, 24.1%, and 46.1%, respectively.

The cryptocurrency is also up 8.1% over the past 24 hours, and it now trades within a range of $120 to $160 on the 30-day chart. Its market capitalization during this period has also varied between $55 and $75 billion.

Solana crypto has remained in a bullish zone throughout December, and analysts are optimistic about its future performance. The coin’s technical indicators are currently bullish.

The cryptocurrency is trading above the 50-SMA ($142.09) and 200-SMA ($146.78), a sign of bullish control.

Coincodex forecasts that the Solana price could soar to $179.55 in the next few weeks. Other analysts expect a price rebound to $250 before the end of December.

Charles Hoskinson Picks Interest in LayerZero (ZRO)

LayerZero (ZRO) is a promising interoperability protocol that enables secure and efficient cross-chain communication.

The network boasts a high throughput capacity, processing over 100,000 transactions per second (TPS), making it ideal for facilitating seamless data transfer between disparate blockchains.

Even Hoskinson has been drawn to the network's capabilities, and he has highlighted ZRO as one of the top-performing cryptocurrencies in the market right now.

Data from CoinMarketCap shows the value of ZRO has increased by 23.4% on the biweekly chart and 14.8% on the monthly level. Looking ahead, experts are optimistic about the future of LayerZero crypto.

They say it could become a leader in the interoperability sector, which is set to play a crucial role in the development of Web3. So, they expect more adoption and price increases to follow in the coming weeks.

Coincodex is also bullish about the token, whose 14-day RSI is above the 70 mark. They say LayerZero (ZRO) could rally to $6.34 in the short run and $15.99 in the long run. Asiananonxbt predicts LayerZero price could rally to $8.8778 in the coming months.

Low-Priced Altcoin, DTX Exchange (DTX) Set for 10x Gains

Cardano's founder has also taken notice of DTX Exchange (DTX), a new DeFi project that aims to bridge the gap between decentralized and traditional finance (DeFi and TradFi).

The project is currently in the presale stage, and its native token, DTX, is priced at $0.06. Analysts are forecasting an increase of 10x in the coming months.

Also, the project has raised over $3.3 million in funding, which it plans to accelerate the rollout of DTX products, including the layer-1 blockchain and wallet application.

These features are important for developing a decentralized environment. The goal of DTX Exchange (DTX) is to establish an advanced platform that merges traditional and decentralized assets into one solution.

On this DeFi exchange platform, retail traders gain access to trading assets like stocks, cryptocurrencies, forex, CFDs, bonds, etc.

They also gain access to a wide array of trading tools that can make decision-making easier. In addition to this, DTX Exchange does not have KYC checks and allows anonymous trading.

For those passionate about crypto trading, DTX Exchange offers a simple design and easy-to-use interface that

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