Altcoins
Jake Chervinsky Shocks Crypto World With Statement: Top 5 Altcoins For 50x Returns This Cycle
There was a Suggestion by Jake Chervinsky that Democrats could regain support from the cryptocurrency community, as Joe Biden has dropped out of the presidential race. Traders are watching closely to see which altcoins could bring them a sizable profit as political changes unfold.
Analysts have identified five promising altcoins that have a good chance of growing significantly: DTX Exchange (DTX)Sei (SEI), Celestia (TIA), Polkadot (DOT), and Jupiter (JUP). While most are already top altcoins, DTX Exchange is a star of the Phase 2 pre-sale that has surged 100%. Analysts are eyeing it as the next 50x altcoin in 2024.
DTX Exchange (DTX): On Track to Become a Top 10 Altcoin
DTX Exchange (DTX) has had amazing results in its presale so far, making it one of the top altcoins. The project has raised over $1 million, with numbers expected in August 2024 aiming to surpass the $2 million milestone. Crypto influencers like Chinese Crypto On YouTube they’ve already started talking about how this could change everything in trading.
What sets DTX Exchange apart is its hybrid model, which combines the functionality of DEX and CEX into one platform. This means that users can trade up to 120,000 different asset types, including bonds, gold, and cryptocurrencies, using 1000x leverage. Not only that, but DTX Exchange does not require any KYC sign-up checks, which means complete anonymity for all traders.
The DTX utility token powers all of this, offering holders many benefits. For example, holding this altcoin will give you access to advanced analytics tools, reduced trading fees, and governance voting rights. Additionally, anyone who buys $100 worth of DTX will be entered into a $1 million giveaway. In this giveaway, DTX Exchange will give away $100K to 10 lucky traders each.
Currently, the price of this altcoin is $0.04 as it is in Phase 2 of its presale, a 100% increase from its initial price. However, this value will increase to $0.06 once Phase 3 begins. For all these reasons, analysts expect a 50-fold jump once a Level 1 CEX lists it in Q3 2024. Therefore, DTX could become one of the best altcoins to invest in.
Six (SIX): Breakout confirmed
Sei (SEI) is another altcoin that has been riding a bullish wave recently. Over the past 12 months, Sei’s price has increased by nearly 4,700%, as per CoinMarketCap dataCryptocurrency Analyst Captain Faibik says that SEI has seen a breakout of the falling wedge and could reach the $1.30 level soon.
Technical analysis of the cryptocurrency Sei supports this statement. For example, about 14 technical indicators are in the green for this altcoin. As a result, market analysts have made a bullish forecast for the price of Sei, reaching $0.51 before the end of Q3 2024.
Celestia (TIA): An Altcoin That Could Skyrocket
Next up, we’ll mention Celestia (TIA), one of the altcoins to watch this summer. CoinMarketCap data shows that Celestia’s value has increased by over 240% on the YTD chart. Additionally, analyst CJ revealed that TIA now has a nice range structure that could flip at any time. According to his post XOnce it turns upside down, it has the potential to skyrocket.
From a technical analysis perspective, the future of Celestia cryptocurrency also looks bright. TIA is trading above its 21-day EMA, while it has 17 green technical indicators. Therefore, experts predict a rise to $8.50 by Q3 2024 in their Celestia price forecast.
Polkadot (DOT): Gift Cards Coming to the App
Polkadot (DOT) is an altcoin that has seen some exciting developments. In particular, Increase 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 cryptocurrency for everyday transactions, earning 20% cashback in DOT.
The value movement of Polkadot cryptocurrency has jumped almost 15% in the last 12 months. Also, DOT is trading above its 100-day and 200-day EMAs, while it has 21 green technical indicators. Due to all these bullish news and indicators on Polkadot, market analysts are predicting a jump to $8.35 before the end of Q3 2024.
Jupiter (JUP): New ATH Coming
Finally, we will discuss Jupiter (JUP). According to CoinMarketCap dataJupiter’s price has dropped nearly 35% in the past year alone. However, cryptocurrency analyst Wizz remains bullish. His post X predicts that this altcoin will reach a new all-time high in the coming weeks.
From a technical analysis perspective, this Jupiter price prediction has some merit. For example, around 18 technical indicators are showing buy signals for JUP. As a result, other experts are also bullish. They predict that its value will reach $1.35 by Q3 2024, making it one of the altcoins to watch.
Closing remarks on the best altcoins
As the political situation restructures, these altcoins will see big gains. However, DTX Exchange stands out among Sei, Celestia, Polkadot, and Jupiter. This newcomer has a smaller market cap and ties to multiple trillion-dollar financial markets, such as the $133T bond.
In other words, DTX will rise much faster as it requires less new funds, while remaining more stable in the long run. If you want to buy, register for the DTX pre-sale using the links below.
Disclaimer: Analytics Insight does not provide financial advice or guidance. Please also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to trick you into investing financial assets that may be lost forever and not recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investment. Read more Here.