The altseason kicks off after a long wait. At the forefront are Solana (SOL) and Ripple (XRP), leading the charge. These altcoins soared high and, with further gains anticipated, are the best cryptos to invest in.
Meanwhile, DTX Exchange (DTX) is a cheaper and more promising alternative on investors’ radars. This up-and-coming cryptocurrency at the crossroads between TradFi and DeFi has plenty of room for growth, driving huge demand and interest.
DTX Exchange (DTX): A Cheaper and More Promising Crypto Alternative
DTX Exchange (DTX) is one of the new ICOs with plenty of room for growth. In addition to its growth prospects, its future transformation of the crypto trading scene makes it a solid altcoin worth holding. It stands at the crossroads between CEX and DEX and unlike conventional trading platforms, it will bridge the gap between TradFi and DeFi.
Its key aspects, besides a hybrid model, will include smart contracts for secure and automated transactions and an on-chain order book to maintain a transparent record of all orders. Further, its distributed liquidity pools—an aggregation of liquidity from multiple sources—will boost liquidity and reduce slippage.
The above will make it a strong contender in the $10 billion global trading space. It costs only $0.10 in the fifth ICO round and over $8.7 million has been raised amid growing whale and retail interest. Given the projected 100x upswing after debuting on Tier-1 exchanges, it might be a more compelling alternative to Solana (SOL) and Ripple (XRP).
Solana (SOL) Eyes Further Gain
Solana (SOL) is among the best altcoins for several reasons. From flipping BNB in market size to registering a new ATH, it has been a memorable month for the DeFi token. The Solana price skyrocketed over 35% on the monthly chart, retailing above $235.
It registered a new all-time high of $263 in the past week. Set to resume its price discovery, it is among the best coins to invest in. Technical indicators like the MACD level (12, 26), 20-VWMA and 200-SMA are bullish signals signifying further gains.
Moreover, top analysts also believe it is one of the best cryptos to invest in. A crypto analyst, Mareeiaam, expects Solana (SOL) to hit $300 before the new year. Another analyst, Romano9701, sees SOL reaching $400, placing it on the list of top cryptos to buy.
Ripple (XRP) Eyes a Jump Above $5
Ripple (XRP), a payment-based cryptocurrency, has been another standout player this month. The XRP price exploded over 170% in the past 30 days, changing hands above $1.4. It continues its upswing by soaring 25% on the weekly charts.
Targeting a rally above its 2018 ATH of $3.84, Ripple (XRP) is among the best altcoins to invest in. It is about 60% away from a new peak, providing a good entry. According to DefendDark, a crypto analyst, their XRP target for this bull cycle is $13. Further, Sistineresearch identified a breakout above a 6-year triangle and a potential jump toward $5 to $17.
Moreover, key indicators like the Ripple (XRP) price trading above the 10-EMA ($1.27) and 10-SMA ($1.28) are bullish signals. As it sails toward further gains, it is a promising wave not to miss—a good crypto to buy.
DTX Exchange (DTX): A More Compelling Alternative Than Solana (SOL) and Ripple (XRP)?
Despite Solana (SOL) and Ripple (XRP) leading the altcoin market, DTX Exchange (DTX) might be this cycle’s wildcard. With up to 100x upside potential after its launch, it is on the list of the best new cryptos to invest in. Moreover, its impending transformation of the global trading scene makes it one of the new DeFi projects to watch.
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