Altcoins
The best Altcoins with reversal patterns: MATIC, DOGE and DTX
The cryptocurrency market took a hit last week following the release of the US jobs report, triggering significant capital outflows. Many altcoins have collapsed to low price levels with high volatility. With the market’s growing optimism, many coins are pushing limits and showing a recovering sentiment with a slight upward momentum.
In this article we will explore the potential of Dogecoin (DOGE), DTX Exchange (DTX), and Polygon (MATIC) for June.
DTX Exchange’s groundbreaking pre-sale is poised to surpass $1 million
DTX Exchange (DTX) is among the best emerging projects in 2024, set to set new records and transform the tradFi sector. After raising an eye-popping $690,000 in the second round of public pre-sale, the hybrid platform is aiming for the milestone of $1 million as global investors are directing their capital pipelines towards DTX.
The project offers new perspectives to the trading industry with its hybrid model and innovative trading strategies. DTX Exchange offers the opportunity to trade in various financial fields including cryptocurrencies, forex, CFDs and stocks. With advanced security features and layer 1 blockchain technology, the platform is poised to become the next leader in deFi.
As demand increases, the DTX token will rise to $0.06 in the next round. With its innovative features, analysts predict a price boom to $1 once the presale concludes, likely in the second quarter of 2024. Investors are flocking to blow up the DTX Exchange presale, promising a potential ROI of 100 times.
Polygon Eyes $1 after defeating legacy projects in key metrics
Polygon is making waves in the deFi space by rebranding its economic framework with the Polygon 2.0 update. On June 11th the network ANoounce a community grant program to release 1 billion POL tokens, with the goal of replacing MATIC as the native currency by 2030. 35 million POL tokens worth $23 million are available for distribution in the first phase.
Additionally, Polygon outperformed legacy projects in key metrics. The network outperformed Solana with a 28% increase in NFT transactions, emerging as the second leading blockchain in the NFT sector. Additionally, Polygon beat Ethereum in gas usage and monthly active users, resulting in high investor traffic.
With such crucial developments, MATIC can regain its lost momentum as capital inflows are on the rise. Today the MATIC price moved from $0.60 to $0.63, along with stable transaction volume. Analysts are optimistic about Polygon’s trajectory, predicting a bull run towards $1 in the next altcoin rally.
Dogecoin (DOGE) is set to flare up amid high whale accumulation
Dogecoin’s collapse began well before the market faced capital outflows due to the US jobs report. Amid the growing meme frenzy, DOGE took a hit after falling from $0.165 to $0.140 due to high liquidation and profit booking. Dogecoin is down 13% on the weekly chart, settling at the previous entry point before the memecoin rally.
The current price of $0.14 is a strong support level, which could trigger a rebound for Dogecoin. This is evident from Robinhood’s continued whale accumulation of approximately 326 million DOGE tokens worth $47.22 million. The charts also indicate bullish potential for DOGE, which could reach the latest cycle price high if the bulls manage to gain a foothold.
Conclusion
The recent price drop for Dogecoin and Polygon provides a profitable opportunity to invest in them at low entry points as the market can explode at any time in the coming days. For those who missed the latest bull run, DTX Exchange offers them 100x potential to capitalize as the presale pace finds no limits, aiming to break $1 this cycle.
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Disclosure: This is a sponsored press release. Please do your research before purchasing any cryptocurrency or investing in any project. Read the full information Here.