A Forex expert has made an intriguing prediction that POPCAT could eclipse Shiba Inu as the top meme coin by 2024. Meanwhile, DTX Exchange (DTX) is poised to surpass the market cap of Cardano (ADA). This forecast reflects a significant shift in the crypto andscape, showcasing the potential of emerging players to challenge established coins.
But why is the prominent analyst backing these emerging tokens? Find the details below!
Forex Expert Predicts POPCAT Will Surpass Shiba Inu as Top Meme Coin in 2024
A Forex expert predicts that POPCAT could surpass Shiba Inu due to its impressive price momentum and strong technical indicators. Currently trading at around $1.4, POPCAT has seen a 15% weekly increase, supported by a bullish trend with its 10-day SMA at $1.2454 and a 20-day SMA at $1.1080, indicating a steady upward trajectory.
With Popcat’s price eyeing the $3 mark in 2024, the meme coin token’s potential could outperform Shiba Inu. Experts suggest that if Popcat’s growth continues alongside planned advancements, it could reach an all-time high beyond $1.48, leaving Shiba Inu behind in the meme coin race.
DTX Exchange Poised to Outpace Cardano with Cutting-Edge Trading Features
With its many new features, an experienced forex guru estimated that DTX Exchange has a high chance of surpassing Cardano’s market cap. DTX Exchange offers social trading, copy trading, and trading bots that exploit market data and AI machine learning to enable a more advanced trading experience. With advanced signals and sentiment, traders can create automated trade strategies on any trading pair available on DTX Exchange.
By using distributed liquidity pools, each trade on the exchange can avoid the detrimental effects of the usual slippage seen in most crypto exchanges. The price quoted remains the one at which the transaction is executed, reducing price dislocation and avoiding a costly transaction for the user. The extra liquidity means that DTX Exchange will be able to transact at high volume without causing huge price swings and fluctuation seen in other cryptos.
DTX Exchange also offers premium features for users who hold DTX tokens, such as access to more advanced analytics and priority customer support as the user base grows. Platforms like DTX capture both short- and long-term value and can offer users more perks as their user base grows. This, in turn, fuels speculation that DTX could soon overtake Cardano’s market cap.
Cardano’s (ADA) Wild Rollercoaster: From Dips to Dashes
Cardano (ADA) displayed a high degree of volatility over the preceding month, breaking above the $0.42 mark in late September before its pull-back, plunging to the $0.32 range in early October. Since then Cardano (ADA) has rebounded with the price now standing at $0.3587, which is a 1.61% jump, implying that the existence of new buying interests as the market normalises after it had touched the recent bottoms.
ADA’s ability to bounce back from its dive illustrates investor confidence, possibly due to on-chain developments in Cardano’s network, including ongoing smart contract development and increasing network usage. If Cardano (ADA) can sustain this performance, it may be poised to see more incrementally optimistic price action in the short term – especially with the current development in the broader market.
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