Despite the price fluctuations in 2024, analysts are still looking forward to a price boom toward the end of the year. They believe top crypto coins – Dogecoin (DOGE), Ethereum (ETH), and DTX Exchange are among the altcoins to watch out for.
CameronSWilson1 says the price of Dogecoin might jump to $0.14323, while Kingbeef_eth forecasted the number 1 altcoin, Ethereum, could reach $3,581. Meanwhile, analysts expect DTX Exchange to give investors a 10x return on their investments.
Dogecoin (DOGE) Whale Activity Pumps 926%
Dogecoin (DOGE), the largest memecoin by market cap, has experienced a large change in whale activity recently, signifying a shift in market conditions. Data from IntoTheBlock reveals the metric “Large Holders Netflow” increased from the negative zone of -2.23 million DOGE to 20.66 million DOGE, signifying a 926% surge.
This increase signifies that whales are accumulating Dogecoin crypto, a sign of optimism in future prospects. Presently, the Dogecoin price is consolidating around the $0.10 region. If this region holds, the value of the memecoin could soar to new highs soon.
CameronSWilson1 forecast the value of the Dogecoin token could pump to $0.14323 in the coming weeks, surpassing the 200-SMA at $0.125035. Currently, the sentiment around the cryptocurrency is bullish based on the 14-day RSI and VWMA (10), which is giving a buy signal.
Ethereum (ETH) Whale Moves 3,510 ETH To Kraken
An Ethereum (ETH) ICO investor who received an initial 150,000 ETH years ago has re-appeared after over two years of inactivity. According to data from Lookonchain, they have transferred 3,510 ETH, which was worth $912 million, to the Kraken exchange.
This sell-off adds to the long list of liquidations that the Ethereum coin has witnessed in the past month. Both Vitalik Buterin, the co-founder of the altcoin and the Ethereum Foundation, have been dumping Ethereum (ETH).
Nevertheless, Ethereum crypto has shown an outstanding performance in the past month, recording 16 green days. Also, the token has remained above the 50-SMA at $2,545.19 for more than a week. Kingbeef ETH predicts Ethereum price could surge to $3,581 before the year ends. At the moment, it is consolidating between $2.2k and $2.8k on the monthly chart.
DTX Exchange (DTX) Takes a New Approach To Crypto Trading
DTX Exchange (DTX) is creating a buzz in the cryptocurrency sector with its ongoing presale. The project has raised over $2.7 million in the past few months and also sold out stages one and two of its presale. Essentially, DTX Exchange is a hybrid exchange that aims to introduce something new to the crypto trading space. Unlike centralized exchanges, DTX Exchange does not have a very rigorous identification process, known as KYC.
This implies that traders can trade over 120K assets such as cryptocurrencies, forex, gold, CFDs, and ETFs, among others from any part of the globe without presenting personal information. Besides this, DTX Exchange leverages at over 1000:1, giving investors an opportunity to make tremendous profits with their insignificant stakes. In addition, the platform is on the list of the first to adopt AI technology.
With this integration, traders can access advanced trading tools, which will make trading easier and set them up for more profits. Furthermore, DTX Exchange increases liquidity by creating distributed liquidity pools to reduce slippage. Based on the features above, analysts forecast the price of DTX coin could surge by 10x this year.
Which Coin Can Give Investors the Most Profit: Dogecoin, Ethereum, or DTX Exchange?
While Dogecoin (DOGE) and Ethereum (ETH) could give hodlers massive gains this year, their high market cap makes their chances of growth limited. DTX Exchange, on the other hand, has a low market cap and will be launching soon, making it a better cryptocurrency to buy for huge gains in 2024.
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