After a slow and largely underwhelming past few weeks, things are beginning to look up in crypto. Prices have returned to the upside, with further upticks set to be propelled by macro tailwinds like interest rate cuts. Bitcoin Cash (BCH) and TRON (TRX) lead this charge, placing them on the list of altcoins to watch out for.
At the same time, attention is on DTX Exchange (DTX), a new and upcoming altcoin at the crossroads between DeFi and TradFi. Its unique offering is simple yet innovative—a hybrid protocol that meets the needs of seasoned traders and newbies. With adoption all but imminent, it is a new coin not to miss out on.
DTX Exchange (DTX): Positioning for 100x Gain
DTX Exchange (DTX), a fundamentally strong altcoin at the intersection of traditional finance and DeFi, has been hailed as the next big thing. The ongoing presale offers a good, perhaps the best, opportunity to become an early adopter of what is set to be crypto’s next unicorn.
A token costs just $0.04 in the second of the ICO—a low entry point, no doubt. With plenty of room to run as an emerging crypto and a low-cap gem, analysts predict a 100x upswing after its market debut. This makes it more compelling than, say, top coins like Bitcoin Cash and TRON.
Set to play a crucial role in its uptick is its impending transformation of the $10 billion global trading market. Its unique approach (a hybrid exchange protocol) will bridge the gap between crypto and TradFi by allowing global accessibility and promoting financial inclusion. Users can trade assets across stocks, bonds, forex, commodities and cryptocurrencies, positioning it as a strong contender in the crypto space and the wider financial landscape.
Bitcoin Cash (BCH): Targets $700
Bitcoin Cash (BCH) was created in 2017 as an alternative to BTC, the first and most valuable cryptocurrency. As a hard fork of the flagship crypto, it typically mirrors its movement, which makes it a favorite among institutional investors and retailers.
Besides its budget-friendliness—Bitcoin cash price is below $400 at the time of writing—its upside potential is another layer of appeal. It trades below its all-time high of $4,355 registered in 2017, down by over 90%. With plenty of room for growth, investors have been betting big ahead of a full-blown bull cycle.
The current uptick in the price of the Bitcoin Cash coin is set to be the start of a big leap. During the March and April highs, BCH soared past $690, a performance analysts believe will play out once more in September by revisiting $700.
TRON (TRX): Promising Outlook
TRON (TRX), an L1 token, is also back on the upside, finally shrugging off bearish pressure. The past few days have been underwhelming, although it gave a good fight. With sentiment gradually bullish, it gains traction, with sights set on further gains.
As a key player in the Layer-1 ecosystem, TRON is among the top crypto coins. It supports smart contracts and decentralized applications (dApps)—a fundamentally solid altcoin. This explains the growing demand for the TRON crypto.
At the same time, its outlook this year is promising. Top analysts predict the TRON price will hit $0.5 before the year’s end and, at its current price, is a steal.
Conclusion
While Bitcoin Cash and TRON regained bullish momentum and eye further upswings, DTX Exchange has emerged as a top pick among investors. Its significant growth prospects, plus its impending transformation of the trading market, make it a new DeFi project to bet on.
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Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets. Past returns do not always guarantee future profits.
