Altcoins
As the cryptocurrency market bleeds, global traders are gravitating towards these top 5 altcoins
As the broader cryptocurrency market goes through a recession, traders are looking for safe bets in profitable altcoins that have shown resilience and can grow. These are the 5 altcoins that are attracting the attention of traders around the world right now: DTX Exchange (DTX)Fetch.ai (FET), Toncoin (TON), Optimism (OP), and Fantom (FTM). Read on to find out why.
DTX Exchange (DTX): Among the Most Promising Altcoins
DTX Exchange (DTX) is a growing pre-sale sensation that is making headlines in the altcoin space. So far, it has raised over $760,000 and is on track to reach $1 million before the end of June 2024. Additionally, it has provided early buyers with a 100% ROI – stellar growth in a short time. Crypto analyst too Cryptocurrency Empire claims that this altcoin could be a game changer.
DTX Exchange differentiates itself from traditional platforms such as Coinbase and Binance by allowing users to trade anonymously without KYC checks. It also offers over 120,000 asset classes, including stocks, Forex, and cryptocurrencies. This is a big advantage over other platforms that focus only on cryptocurrencies.
The platform is powered by the DTX utility token, which has many holding benefits. For example, holders of this altcoin will get lower trading fees and advanced trading tools. Additionally, those who purchase $100 worth of DTX during its pre-sale will enter a $1 million giveaway. Ten lucky individuals will each receive $100K worth of DTX in this giveaway, which is quite tempting.
Currently, a DTX token costs only $0.04 as it is in Phase 2 of its pre-sale. But this price will rise to $0.06 once Phase 3 begins, a 50% increase from its current value. Furthermore, experts expect a rise to $0.5 once a tier 1 CEX lists this altcoin in Q3 of 2024. Thanks to all these reasons, DTX emerges as one of the best altcoins to buy during this market dip.
Fetch.ai (FET): One of the Altcoins to Watch
Next, we will mention Fetch.ai (FET). This altcoin has seen some exciting developments recently. For example, Fetch.ai Announced that the ASI token merger will begin on July 1, 2024 and will be carried out in two phases.
This news on Fetch.ai could cause a bullish trend for this cryptocurrency. The value of the Fetch.ai cryptocurrency has increased by almost 580% in the last year alone. Furthermore, 18 technical indicators are in the buy zone for this altcoin as it trades above its 100-day and 200-day EMAs. Therefore, market analysts predict that the price of this altcoin will reach $2.03 before the end of the second quarter of 2024.
Toncoin (TON): Promising developments that could portend a rally
Toncoin (TON) is another altcoin that has made a name for itself in this space. Recently, TON content manager Viktor announced that the graph for new wallets on this network is going parabolic. In his post Xclaims that Toncoin has acquired tens of millions of users every month.
The price of the cryptocurrency Toncoin has increased by more than 400% in the last 12 months. This altcoin is trading above its 50-day and 100-day EMAs and has 26 green technical indicators. As a result of this bullish news and indicators on Toncoin, experts predict that its value will reach $8 by Q2 2024.
Optimism (OP): A prominent analyst remains bullish on this altcoin
Our analysts have also included Optimism (OP) in this promising list of altcoins. Second CoinMarketCap dataOptimism price has increased by over 30% in the past year alone. Cryptocurrency analyst Shelby also made a bullish statement for this altcoin. His post predicts that the OP value may soon reach the $4.34 and $5.40 levels.
From the technical analysis point of view, the future of Optimism coin is also bright. For example, OP is trading above its 100-day EMA while 13 technical indicators are in the buy zone. For all these reasons, market analysts have made an optimistic bullish price forecast. They predict a rise to $3 before the end of Q2 2024 for this altcoin.
Fantom (FTM): An Altcoin Riding a Bullish Wave
Finally, we will talk about Fantom (FTM), another altcoin that is going green. In the last 12 months, the price of Fantom has increased by more than 85%, according to CoinMarketCap dataCryptoBoss analyst says this bullish trend will continue. According to his post XThis altcoin will soon see a bullish rally towards $1.
The technical analysis of Fantom cryptocurrency supports this claim. Specifically, FTM is now trading above its 100-day and 200-day EMAs, while its RSI is showing a buy signal. Experts take note of all these factors when making their Fantom price predictions. Therefore, they predict that FTM will trade at $0.76 by Q2 2024, making it one of the altcoins to watch.
Concluding remarks on the best altcoins during the market decline
During a downturn in the broader cryptocurrency market, DTX Exchange, Fetch.ai, Toncoin, Optimism, and Fantom are luring traders with their growth potential. However, one altcoin has an edge: DTX Exchange. This newbie has ties to many trillion-dollar financial markets, such as the $133 trillion bond market, as well as a smaller market cap.
To clarify, DTX will rise much faster while remaining more stable in volatility than its peers. Use the links below to sign up for the DTX presale and purchase it.
Disclaimer: This is a paid version. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your own research and invest at your own risk.