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South Korea unveiled its blueprint for an all-encompassing blockchain support scheme by 2024. Meanwhile, new altcoins such as DTX Exchange (DTX) have been gaining momentum as they could eventually overshadow more established ones like Polygon (MATIC) or Ripple (XRP). Analysts have pegged this Stage 2 presale star as the next $1 altcoin in 2024.
One of the most promising altcoins is DTX Exchange (DTX). Early buyers have received 100% ROI already. Also, its ongoing presale has raised over $700K and is expected to exceed $1M before June 2024 ends. This shows the level of interest that traders have for this altcoin.
To serve traders with unprecedented convenience, DTX Exchange combines features from CEX and DEX. More than 120,000 asset classes—including stocks, forex, and cryptocurrencies—can be traded within one platform alone. Additionally, KYC checks are not mandatory on this platform, so it attracts people who care about their privacy.
The DTX utility token is the heart of all things associated with DTX Exchange. Therefore, holders enjoy many benefits, including governance voting rights and reduced trading fees. Apart from that, every person who buys $100 worth of this altcoin during the presale will get a chance to win $100K thanks to DTX Exchange's upcoming $1M giveaway.
Currently, one DTX token costs only $0.04 in Stage 2 of its presale. This is a 100% increase from its starting price of $0.02. But, its value will rise to $0.06 once Stage 3 begins - a 50% ROI for those who buy it now. Experts predict another jump to $1 once a Tier-1 CEX lists DTX in Q3 of 2024 - making it one of the best altcoins.
Meanwhile, Polygon (MATIC) is showing some exciting developments in the altcoin space. Notably, Polygon announced its new governance hub, a new transparent interface for community governance. Aragon helped build this hub and will empower builders to participate in developing core Polygon tech.
This bullish Polygon news may trigger a rally for this crypto. Speaking of which, the Polygon crypto value sank over 3% in the past year alone. But MATIC is now trading above its 50 and 100-day EMAs while having seven technical indicators in the green. Thus, market analysts foresee a potential surge to $0.93 for this altcoin before Q2 of 2024 ends.
Ripple (XRP) is another altcoin riding a bullish wave. According to CoinMarketCap data, the Ripple price increased nearly 5% in the past 12 months. Analyst Crypto Rand is also bullish. In his X post, he states that XRP is one of the few altcoins showing strength on the main horizontal chart.
The technical analysis of the Ripple coin is also bullish. For example, over nine technical indicators are now in the green for this altcoin. Due to all these reasons, experts forecast a rise to $0.63 in Ripple price predictions within Q2 of 2024.
While Polygon and Ripple remain altcoins to watch, DTX Exchange is emerging as one of the best alternatives. It has a lower market cap and connections to multiple flourishing trillion-dollar financial markets. Because of all these factors, DTX will surge much faster and easier than its peers, making it the best altcoin right now.
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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.
