Altcoins
VanEck file for a Solana ETF; Here are 5 Altcoins to watch for massive returns amidst this hype
VanEck has filed paperwork for the first Solana ETF in the United States, sparking excitement in the cryptocurrency market. As this buzz continues, savvy traders look to high-yield altcoins that could dominate the summer months. Here are the altcoins to keep an eye on: DTX Exchange (DTX)Toncoin (TON), NEAR Protocol (NEAR), THORChain (RUNE) and Tron (TRX).
DTX Exchange (DTX): Among the best altcoins right now
DTX Exchange (DTX) is quickly becoming a household name in the altcoin space. Well-known trader Sniper in Training also made a bullish statement on this cryptocurrency. In his post Xclaims that those who buy this altcoin now will soon see a 50% ROI as its value goes from $0.04 to $0.06.
DTX Exchange boasts a revolutionary hybrid trading system that combines DEX and CEX. With this flexible exchange, users have access to over 120,000 asset classes, ranging from stocks and bonds to cryptocurrencies, with leverage of up to 1000x. It also doesn’t require KYC checks for registration, which could make it a favorite among privacy-conscious traders.
The core of the platform revolves around the DTX utility token. This altcoin has many uses, such as offering holders discounted fees and access to advanced analytics tools. Additionally, anyone who purchases $100 worth of DTX during its pre-sale will be entered into a $1 million giveaway, where ten lucky people will each receive $100,000 worth of DTX.
The DTX presale has raised nearly $800,000 and if things continue as they are, it could reach $1 million by July 2024. The price of this altcoin is currently at $0.04 as it is in Phase 2 of the presale – a 100% ROI for those who bought it early. But the demand is so high that experts predict a 100x increase once a Level 1 CEX lists DTX in Q3 2024, making it one of the top altcoins.
Toncoin (TON): Another Milestone Reached
Toncoin (TON) is another altcoin that has surged recently. In particular, Toncoin announced which reached a new milestone: over 2 million followers on social media platform X. This achievement shows the level of interest people still have in this altcoin and its potential growth.
By the way, Toncoin value has increased by more than 450% on the YTD chart. Also, this altcoin is trading above its 50-day and 100-day EMAs, while it has 26 green technical indicators. Due to all these Toncoin news and signals, market analysts predict that its value will rise to $8.20 before the end of Q2 2024.
NEAR Protocol (NEAR): The bottom is very close
Next, we will discuss NEAR Protocol (NEAR), one of the best altcoins at the moment. Second CoinMarketCap data, the price of the NEAR protocol has increased by more than 250% in the last year alone. Crypto analyst AMCrypto says this bullish trend will continue. In his post Xclaims that NEAR has retested the $4.5 support level, which could trigger a rally ahead.
The technical analysis for the NEAR protocol coin supports this statement. For example, NEAR is trading above its 50-day and 100-day EMAs despite having five technical indicators in the buy zone. Due to all these factors, experts in the cryptocurrency field have made a bullish prediction for the price of NEAR protocol, reaching $6.37 by the second quarter of 2024.
THORChain (RUNE): An Altcoin With High Potential
We will also mention THORChain (RUNE) in second to last place. Recently, the CEO of Coin Bureau, Nic, shared a picture of the top 20 high-potential cryptocurrencies for the third quarter of 2024 according to Grayscale. THORChain was one of the altcoins that earned a place on this list. This bullish news on THORChain could trigger a rally for this cryptocurrency soon.
The value of the THORChain cryptocurrency has increased by more than 300% in the past 12 months. In addition, RUNE is trading above its 100-day and 200-day EMAs. All these bullish factors have made experts predict that the price of this altcoin will reach $5.76 before the end of Q2 2024.
Tron (TRX): New Stage Coming Soon
Finally, we will mention Tron (TRX), a significant force in the altcoin space. Second CoinMarketCap dataTron price has jumped more than 60% in the last 12 months. Cryptocurrency analyst Dyor says this recovery will continue. In his post Xclaims that a potential new advantage is coming for this altcoin.
From a technical analysis perspective, the future of Tron coin also looks bright. Currently, TRX is trading above its 100-day and 200-day EMAs as 28 technical indicators are flashing green. Therefore, market analysts say that TRX will trade at $0.15 by Q2 2024 in their Tron price predictions.
Concluding remarks on the best altcoins to buy
As the cryptocurrency market buzzes with the announcement of VanEck’s Solana ETF, these altcoins are set to rise. However, DTX Exchange stands out among Toncoin, NEAR Protocol, THORChain, and Tron. This newbie has a low market cap and ties to the $133 trillion bond market, meaning it will remain stable even in turbulent times. To buy one of the best altcoins, follow the links below.