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In the rapidly changing world of cryptocurrencies, traders are constantly searching for the finest investment possibilities. As the next breakthroughs, it appears that DTX Exchange, Chainlink (LINK), and Near Protocol (NEAR) are in the running.
Investors are becoming more interested in these altcoins due to their explosive potential and bullish rallies. Experts in the market suggest purchasing these cryptocurrencies since they are about to soar in value! Let's examine these altcoins' recent price movements!
Chainlink (LINK) has emerged as one of the top contenders to skyrocket in a short time. In addition to the OI statistics, Chainlink (LINK) has seen an increase in large transactions since September 5, which may indicate increased liquidity and rising demand for the asset.
Large increases in transactions can often signal pressure to sell during market downturns, but in Chainlink's (LINK) case, this upswing aligns with the price increase, potentially supporting the present uptrend.
From a technical analysis vantage point, the price activity of Chainlink (LINK) presents a compelling picture. The cryptocurrency, which is now trading at $10.36, looks to be creating a V-shaped recovery pattern on its daily chart. On September 8, LINK found support for around $9.57. This gave rise to the formation, which is marked by a rapid comeback after a steep decline.
An important momentum indicator, the Relative Strength Index (RSI), is getting close to the neutral 50.00 level. A break over this barrier would validate the bullish perspective and drive Chainlink (LINK) closer to the V-shaped pattern's neckline at $12.34. In a very bullish situation, the price of Chainlink can continue to rise towards $14.82, as anticipated by market analysts.
NEAR Protocol (NEAR) stands out for its impressive scalability and developer-friendly features. This altcoin has been gaining traction due to its ability to handle high transaction volumes with minimal fees.
The recent upgrades and partnerships have significantly boosted the Near Protocol’s (NEAR) ecosystem. Investors are seeing robust returns thanks to NEAR’s growing adoption and its focus on improving blockchain scalability.
The current session has registered a massive increase of 4% in Near Protocol’s price. The coin started the day at $3.89 and traded at $4.04 at press time. The 24-hour trading volume also shows a massive spike of over 31.13%. The constantly green candle on the daily chart of Near Protocol shows the dominance of bulls.
Investors aim to cash in on the opportunity of the bullish rally and attain explosive gains. The price surges and increasing momentum are the major reforms of making Near Protocol an investor’s favourite.
Crypto whales have shifted their attention to DTX Exchange (DTX) as a result of its outstanding presale success. This initiative may raise $3 million by the end of this month, having already raised over $2.5 million. The 200% increase in DTX's value so far, is a strong measure of its potential growth.
DTX Exchange is viewed as the next revolutionary platform by several YouTubers, including Crypto Legends, thus its performance has not been making news. In essence, DTX Exchange is going to introduce a hybrid trading platform that combines the advantages of DEX and CEX.
Using this strategy, investors can purchase over 120,000 asset classes at 1000x leverage, including FX, cryptocurrency, and CFDs. DTX utility token forms the core of this trading platform, as this platform and all of its features will be powered by the DTX token.
It costs $0.06 and is currently in Stage 3 of the presale. Whales are drawn to it because holders of DTX will benefit from lower trading costs and improved analytical capabilities. In addition, there will be a fantastic return of 33% in value when Stage 4 commences. As soon as a Tier-1 CEX lists it in Q3 of 2024, some analysts forecast a 60x increase.
Chainlink (LINK) shows increased activity of large transactions.
Near Protocol (NEAR) witnessed a 31% surge in 24-hour trading volume.
DTX Exchange (DTX) grabs investors with its innovative features.
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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.
