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DTX Exchange (DTX) is in Stage 3 of its presale, which began not long ago, and it is quick to sell out. The excitement in the crypto market continues for this rookie, as many analysts say it could become the next Ethereum (ETH) or Toncoin (TON). This statement could come true since it has already given early buyers a 200% return.
While Alex Clay made a bold Ethereum (ETH) prediction and Toncoin (TON) saw network activity spikes, their futures also appear bright. However, the DTX Exchange may rise much faster than these crypto coins. Keep reading to find out why.
DTX Exchange (DTX) has recently made headlines in the crypto space. This is all thanks to its excellent ongoing presale performance. It has already raised over $2.5M and could hit $3M before the end of next week. Since DTX Exchange reached Stage 3 of its presale in just a few short months, many market analysts like Crypto Infinity see it as the next big thing.
DTX Exchange also recently launched its L1 blockchain, which will serve as the foundation for its platform. Essentially, it will introduce a hybrid trading platform with fast transaction speeds, no sign-up KYC checks, meaning complete privacy, and over 120K available asset classes like gold, stocks and crypto coins. This could make DTX Exchange a fan-favorite for millions of traders.
People interested in DTX Exchange are now buying its DTX utility token. It now costs just $0.06 - a 200% rise from its starting price of $0.02. However, this price will surge to $0.08 after Stage 4 begins. Additionally, experts predict another 40x jump after a Tier-1 CEX lists DTX in Q3 of 2024.
Meanwhile, Ethereum (ETH) has been on a downtrend recently. On the 1-month chart, the Ethereum price dropped over 10% as per CoinMarketCap. However, crypto analyst Alex Clay remains bullish about this crypto. According to his X post, he says that Ethereum (ETH) is now at the end of its correction.
He also says that a 200 MA & 200 EMA confluence could trigger a rally for Ethereum (ETH). Alex Clay predicts that the Ethereum crypto will trade at $4,000 mid-term, and his optimistic long-term target is $7,942. With VanEck revealing the new ETH ETP, this prediction could come true.
Other market analysts are also bullish on ETH. In their Ethereum price prediction, they forecast a potential rise to $2,500 before the end of October 2024.
Toncoin (TON) has seen some exciting developments. Recently, Toncoin (TON) revealed that TON's daily active users increased as it hit 1.1M many times. It also saw a peak of 14.4M transactions in one day. This increase could be attributed to the distribution of DOGS tokens on the network.
This Toncoin news could cause a rally in the coin's value. The Toncoin (TON) value dropped nearly 20% in the past 30 days. However, Toncoin (TON) is still trading above its 10-day EMAs, which signals a bullish trend.
As a result, experts in the crypto field predict that Toncoin (TON) will reach a value of $6 in the next few months.
While Ethereum (ETH) and Toncoin (TON) are already established crypto coins, DTX Exchange is a rookie. This gives it some advantages, according to analysts. For example, DTX has a smaller market cap, which means it will rise much faster as it needs less money. Plus, it has connections to the $1.4T FX market, which gives it stability even in volatile spaces.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
