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There was a suggestion by Jake Chervinsky that the Democrats could win back support from the crypto community as Joe Biden dropped out of the presidential race. Traders are watching closely to see which altcoins might bring them considerable profit as political changes occur.
Analysts have found five promising altcoins that have good chances of growing considerably: DTX Exchange (DTX), Sei (SEI), Celestia (TIA), Polkadot (DOT) and Jupiter (JUP). While most are already top altcoins, DTX Exchange is a Stage 2 presale star that has soared by 100%. Analysts have it pegged as the next 50x altcoin in 2024.
DTX Exchange (DTX) has performed astonishingly in its presale so far, making it one of the best altcoins. The project has raised more than $1M, with expected numbers for August 2024 pointing towards breaking the $2M mark. Crypto influencers like Crypto Chino on YouTube have already started talking about how this might just change everything for trading.
What sets DTX Exchange apart is its hybrid model, which combines features from DEX and CEX into one platform. This means users can trade up to 120,000 different types of assets, including bonds, gold and cryptos, using 1000x leverage. Not only that, but DTX Exchange does not require any sign-up KYC checks, meaning full anonymity for all traders.
The DTX utility token powers it all while providing holders with many perks. For example, holding this altcoin will give you access to advanced analytics tools, reduced trading fees and governance voting rights. Moreover, anyone who buys $100 of DTX will enter a $1M giveaway. In this giveaway, DTX Exchange will give $100K to 10 lucky traders each.
Currently, this altcoin's price is $0.04 as it is in Stage 2 of its presale—a 100% increase from its starting price. However, this value will soar to $0.06 once Stage 3 begins. Due to all these reasons, analysts foresee a 50x jump once a Tier-1 CEX lists it in Q3 of 2024. Thus, DTX could become one of the best altcoins to invest in.
Sei (SEI) is another altcoin that has recently been riding a bullish wave. Over the past 12 months, the Sei price increased nearly 4,700%, as per CoinMarketCap data. Crypto analyst Captain Faibik states that SEI has seen a falling wedge breakout and may reach the $1.30 level soon.
The technical analysis of the Sei crypto supports this claim. For instance, around 14 technical indicators are in the green for this altcoin. As a result, market analysts have made a bullish Sei price prediction - reaching $0.51 before the end of Q3 2024.
Next, we will mention Celestia (TIA), one of the altcoins to watch this summer. CoinMarketCap data shows that the Celestia value surged over 240% on the YTD chart. Moreover, analyst CJ revealed that TIA now has a nice range structure that may flip anytime. According to his X post, once it does flip, it has the potential to skyrocket.
From a technical analysis perspective, the future of the Celestia crypto also appears bright. TIA is trading above its 21-day EMA while having 17 green technical indicators. Thus, experts foresee a rise to $8.50 within Q3 of 2024 in their Celestia price prediction.
Polkadot (DOT) is an altcoin that has seen some exciting developments. Notably, Raise announced a new partnership with Parity Technologies to bring gift cards to the upcoming Polkadot mobile app. With this development, countless traders can use their cryptocurrencies for everyday transactions while earning 20% cashback in DOT.
The Polkadot crypto value movement has jumped nearly 15% in the past 12 months. Furthermore, DOT is trading above its 100—and 200-day EMAs while having 21 green technical indicators. Due to all this bullish Polkadot news and indicators, market analysts forecast a jump to $8.35 before Q3 of 2024 ends.
Last, we will discuss Jupiter (JUP). According to CoinMarketCap data, the Jupiter price has dropped nearly 35% over the past year alone. However, crypto analyst Wizz remains bullish. His X post predicts this altcoin will see a new ATH in the next few weeks.
From a technical analysis perspective, this Jupiter price prediction has some merit. For instance, around 18 technical indicators are showing buy signals for JUP. As a result, other experts remain bullish as well. They predict its value will reach $1.35 within Q3 of 2024 - making it one of the altcoins to watch.
While the political situation restructures itself, these altcoins will see major gains. However, DTX Exchange stands out among Sei, Celestia, Polkadot and Jupiter. This rookie has a lower market cap and ties to multiple trillion-dollar financial markets - like the $133T bonds.
In other words, the DTX value will jump much faster as it needs fewer new funds while remaining more stable in the long run. If you wish to buy it, sign up for the DTX presale using the links below.
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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.
