Regulation
Ripple CEO Urges Traders to Prepare; Why Analysts Are Bullish on These 5 Undervalued Coins
Ripple CEO Brad Garlinghouse has said that the future of cryptocurrency regulation in the United States depends on the 2024 election. However, in such an environment, analysts note that many low-cost coins are expected to grow very rapidly in the short term.
Here are five tokens that are creating a lot of excitement among traders: DTX Exchange (DTX)Stellar (XLM), Cardano (ADA), Jupiter (JUP), and Fantom (FTM). While many are showing green on the price charts as established cryptocurrencies, DTX Exchange is a newbie. But this Phase 2 pre-sale star is up 100% and could become the next $1 cryptocurrency in 2024.
DTX Exchange (DTX): Pre-sale gaining attention worldwide
DTX Exchange (DTX) has emerged as a major player in the cryptocurrency market due to its strong pre-sale showing. Having already raised more than $1 million, it is poised to touch $2 million before the end of July 2024. This achievement has not gone unnoticed by influential YouTube channels such as Crypto Voltwho think that this cryptocurrency can revolutionize online trading.
What makes DTX Exchange unique is its hybrid trading model, combining CEX and DEX. This allows users to trade up to 120,000 assets, including gold, bonds, and cryptocurrencies, without any mandatory KYC. These features will appeal to privacy-minded traders, potentially bringing millions on board.
The DTX utility token supports everything that is done on this platform, offering holders various privileges. By owning this cryptocurrency, you will receive access to advanced analytics tools, reduced trading fees, and more. You will also be entered into a $1 million giveaway if you purchase $100 of DTX during its pre-sale. Ten people will each win $100,000 in this giveaway, which is a significant incentive.
Currently, DTX is only $0.04 as it is in Phase 2 of its presale. Those who bought it early are enjoying a 100% ROI. However, this price will reach $0.06 once Phase 3 begins, a 50% ROI if you buy it now. For all these reasons, market analysts expect it to rise to $1 once a Tier 1 CEX lists DTX in Q3 2024, making it the best cryptocurrency to watch.
Stellar (XLM): A Bold Statement
Stellar (XLM) is a cryptocurrency considered undervalued with a lot of room for growth. Recently, on its X platform, Stellar announced which will be responsible for leading the next wave in DeFi. On the price charts, the value of Stellar coin has dropped by almost 25% in the last year alone.
However, Stellar’s technical analysis paints a more bullish picture. For example, around 18 technical indicators are in the buy zone for XLM. Due to all these bullish Stellar news and indicators, market analysts remain confident in its growth. They predict a surge to $0.14 by Q3 2024 for this cryptocurrency.
Cardano (ADA): Could Reach $13
Next, we will talk about Cardano (ADA), another powerful force in the cryptocurrency market. According to CoinMarketCap dataOver the past 12 months, ADA’s price has increased by more than 30% and Cardano’s market cap has grown from $10 billion to $15 billion. Analyst TapTools Claims that Cardano coin could reach the $13 level if history repeats itself.
Technical analysis for ADA also supports this statement. In particular, 15 technical indicators are in the green for Cardano. As a result, crypto experts have made a bullish forecast for Cardano price. They predict a jump to $0.58 before the end of Q3 2024.
Jupiter (JUP): On Track To Reach $10
Jupiter (JUP) is another cryptocurrency that is trading in the green. CoinMarketCap data shows that JUP price has increased by more than 35% on the YTD chart. Cryptocurrency Analyst Browski’s claims that Jupiter could rise to $10.
From a technical analysis perspective, the future of Jupiter coin looks bright. For example, about 15 technical indicators are in the buy zone for this cryptocurrency. Market analysts note all these factors when making their Jupiter price predictions. Therefore, they predict that JUP will trade at $1.26 by Q3 2024.
Fantom (FTM): New partnership with Alchemy
Finally, we will talk about Fantom (FTM), a cryptocurrency that has been in the news recently. In particular, Fantom has announced which will collaborate with Alchemy. With this development, Alchemy will be a key launch partner for Sonic. It will also bring access to private and public RPC endpoints.
The Fantom cryptocurrency value movement has increased by more than 80% in the past 12 months, and the market capitalization of Fantom has also jumped from $700 million to $1.30 billion. In addition, four technical indicators are in the buy zone. Due to these news and Fantom indicators, experts predict a surge to $0.62 before the end of Q3 2024.
Concluding remarks on these promising undervalued tokens
DTX Exchange, Cardano, Jupiter, Stellar, and Fantom look promising enough to grow exponentially. But DTX Exchange has one advantage: a low market cap and connections to multiple trillion-dollar financial markets. To clarify, DTX will rise faster than its peers and remain more stable in the long run. If you want to buy it, register for its pre-sale using the links below.
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