Altcoins
Billionaire Peter Thiel Remains Wary of Bitcoin’s Growth Potential; Traders Turn to These 5 Altcoins for High Returns
Despite Bitcoin’s recent impressive price rally, billionaire Peter Thiel remains skeptical. Meanwhile, traders are seeing huge returns in altcoins.
The cryptocurrency community raised eyebrows when billionaire trader Peter Thiel expressed skepticism about Bitcoin’s future growth. Traders were prompted to re-examine their portfolios and look at some promising altcoins. Here are the top altcoins under $1: DTX Exchange (DTX)Kaspa (KAS), Ripple (XRP), Notcoin (NOT) and Sui (SUI).
DTX Exchange (DTX): One of the best altcoins of the moment
DTX Exchange (DTX) is gaining popularity in the altcoin space. Even the famous trader Sniper in Training expressed optimism about this cryptocurrency. His recent post on X He claims that people who invest in DTX right now will get a 50% ROI once its presale price rises from $0.04 to $0.06.
Among the things that make DTX Exchange unique is its hybrid trading model, which combines CEX and DEX. This versatile platform allows users to trade over 120,000 assets, including FX, bonds, and cryptocurrencies, with leverage ratios of up to 1000x. Additionally, DTX Exchange has fast transaction speeds of up to 0.04 seconds, a significant advantage over its rivals.
The DTX utility token is the foundation of this platform. This altcoin offers many benefits to holders, such as lower trading fees and access to more advanced analytics tools. Additionally, every trader who purchases $100 worth of DTX during its pre-sale will be entered into a $1M giveaway. Ten individuals will win $100K each.
So far, this rising star of presale has raised over $800,000 and is on track to reach $1 million before the end of July 2024. Moreover, those who bought it early are enjoying a 100% ROI as the price of this altcoin has increased from $0.02 at the start to its current Phase 2 price of $0.04. Due to all these factors, market analysts are predicting a 100x jump once a Tier 1 CEX lists DTX in Q3 2024.
Kaspa (KAS): New All-Time High (ATH) for this Altcoin
Then we have to talk about Kaspa (KAS), which has seen exciting price movements. According to CoinMarketCap dataThe price of this altcoin has increased by over 600% in the last year alone and reached a new ATH of $0.195 on June 30, 2024. Furthermore, cryptocurrency analyst The Kaspa enthusiast predicts This altcoin will soon rise to $0.20.
The technical analysis for Kaspa coin is also bullish. For example, KAS is trading above its 50-day and 100-day EMAs with 27 green technical indicators. Therefore, market analysts have made a bullish prediction for Kaspa price, reaching $0.23 by Q3 2024.
Ripple (XRP): Potentially Reaching the Moon
Ripple (XRP) is another top altcoin that has attracted the interest of traders. Over the past 12 months, Ripple’s price has increased by nearly 5%, according to CoinMarketCap dataCryptocurrency analyst Brett Hill also made a bullish statement for this altcoin. In his post Xpredicts that XRP could soon hit record highs, hitting a price between $2.90 and $16.10.
This bullish Ripple price forecast has some merit from a technical analysis perspective. In particular, over 13 technical indicators are now in the buy zone for XRP. As a result, crypto experts predict that Ripple coin will trade at $0.65 before the end of Q3 2024.
Notcoin (NOT): Massive Burn Event Could Trigger Rally
Next up, Notcoin (NOT) is also making headlines in the altcoin market. For example, Notcoin recently announced which burned over 207 million NOT tokens worth $3 million. This massive burn event could be a trigger for a NOT price rally. By the way, NOT is down almost 2% on the YTD chart.
But the technical analysis of the Notcoin cryptocurrency paints a different picture. Specifically, about six technical indicators are now throwing buy signals for this altcoin. Due to all this bullish news and indicators on Notcoin, analysts say that it will reach a value of $0.022 by Q3 2024. This makes it NOT one of the altcoins to watch, as Peter Thiel shows skepticism for Bitcoin.
Sui (SUI): $2 Coming Again
Finally, we will discuss Sui (SUI). According to CoinMarketCap dataSui price has increased by over 20% in the last year alone. Cryptocurrency analyst Top Gainer Today also remains bullish. As per his post XSUI price could rise back to $2 very soon.
Additionally, Sui cryptocurrency is now trading above its 50-day EMA, despite having five positive technical indicators. Due to all these factors, crypto experts have made a bullish prediction for Sui price to rise to $1.44 before the close of Q3 2024.
Final Thoughts on Major Altcoins Under $1
While Peter Thiel has made some worrying statements about Bitcoin, these altcoins are gaining mass appeal. However, DTX Exchange stands out from Kaspa, Ripple, Notcoin, and Sui. This freshman has real ties to the $1.4 trillion stock market and a smaller market cap.
In other words, DTX will skyrocket on the price charts much faster while maintaining its stability. If you are interested in any of the major altcoins under $1 right now, register for the DTX presale using the links below.
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