Has the Market Bottomed? Sentiment Shift Toward Solana, Toncoin and DTX Exchange

By September 3, 2024 No Comments
Has the Market Bottomed? Sentiment Shift Toward Solana, Toncoin and DTX Exchange

The year’s final quarter is quickly approaching. With BTC ranging between $58,000 and $60,000, it has seemingly bottomed, hinting at up-only price actions in the coming weeks or months. Hoping to make the most of this bullish wave, sentiment has shifted to Solana (SOL), Toncoin (TON) and DTX Exchange (DTX).

These cryptocurrencies are top picks for several reasons, from their unique offerings to substantial upside potential. At the forefront is DTX, an emerging cryptocurrency seeking to reshape the global trading scene via a hybrid approach.

DTX Exchange (DTX): A new DeFi project to bet on

DTX Exchange (DTX), an up-and-coming cryptocurrency, is on the list of investors favorite altcoins. The ongoing presale has raised over $2.1 million in early funding, suggesting interest and investor confidence. Its upside potential as a low-cap gem, dwarfing Solana and Toncoin, makes it a top pick.

Also contributing to the soaring demand is its potential transformation of the $3.2 billion global trading market. Its hybrid approach puts it at the crossroads between decentralized and centralized exchanges—a one-stop platform that addresses key challenges, notably a lack of diverse asset classes.

In the 3rd round of the ICO, a token costs just $0.06—perhaps the final chance to buy it this cheap. Meanwhile, analysts project a 100x upswing after its launch, making it a new DeFi project to bet on.

Solana (SOL): Incoming jump above $170?

Solana (SOL), one of the leading altcoins, is among the top players in the crypto space. While the past few weeks—Q3 generally—have been bearish, the good news is that the market might have bottomed.

The Solana price hit the $130 support level earlier this week. In the past 7 days, over 15% gains have been erased, which, on the bright side, indicates future upticks. The launch of SOL ETFs in Brazil and the ETF progress in the US will be crucial to the next leg of its jump.

At the current price, an uptrend is more reasonable than further declines, considering the Solana coin is at a key support. A jump past $170 is on the cards before the month’s end.

Toncoin (TON): Prepares for a comeback

Toncoin (TON), a top-10 cryptocurrency, experienced an unusually rough patch. The initial arrest and indictment of Telegram founder Pavel Durov saw it decline by 10% in the past 7 days.

Despite this, the Toncoin price hasn’t dropped below $5—critical support that hints at a price rally. Unsurprisingly, investors have been bidding high, hoping to make the most of the anticipated bullish wave.

Toncoin price prediction at the heart of the current market buzz suggests a rally past $8 before the end of September. It is set to reclaim lost price levels, although another wider market rally will hurt its chances of a comeback.

Conclusion

The crypto market is set to enter an up-only period and investors have been betting on Solana, Toncoin and DTX Exchange. Their growth potential, plus unique offerings, make them must-have coins ahead of a full-blown bull run. To make the most of this bullish wave, now is as good a time as any to become an early adopter of DTX.

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Disclaimer: This is a sponsored article. 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.