In a recent tweet, a top analyst, HenrikZeberg, informed his followers that the long-awaited Altseason is here. According to him, the Alts-BTC ratio has tested the trendline after a bullish divergence, meaning altcoins are ready to fly.
As a result, smart investors are turning to cryptocurrencies like Solana (SOL), Ethereum (ETH), and DTX Exchange for massive gains in the coming weeks. Analysts say Solana’s price could pump to $450 while that of Ethereum might reach $3,600. The price of DTX Exchange is expected to soar by 10x during the altseason.
Solana Labs Partners With Google Cloud To Bridge Web2 and Web3
Solana (SOL) Labs and Google Cloud have partnered to release Gameshift, a gaming development API that seeks to integrate the traditional Web2 world with Web3 services like cryptocurrencies and NFTs. They announced the new suite of tools during the 2024 Solana (SOL) Breakpoint conference at the “Gamer Village” side stage events. Following this news, the price of Solana coin has increased by 15% in the past week.
The token has crossed the $150 again and could remain above this level if bulls turn it into a major support. Solana crypto has crossed the 50-SMA ($ 141.84) and 200-SMA ($146.39), making it a good token to watch right now. With both resistances out of the way, analysts expect more gains in the coming weeks. DeShawnBTC says the Solana price could surge to $450 in the short term before soaring to $800 in the long run.
Ethereum (ETH) ETF Outflows Pump
Ethereum (ETH) ETFs have seen the highest weekly outflow in September since July this year. Data revealed that over $79 million exited the market on September 23. According to analysts, the outflow stems from a lack of demand from institutional investors who prefer other Bitcoin ETFs. Despite the outflows, the Ethereum price is still displaying bullish movements on the charts. It is currently trading above the $2,500 region and is targeting the resistance around the $2,800 mark.
If the Ethereum coin can surpass this resistance, it could target the next one at the 200-SMA ($3,115.80). Looking ahead, analysts are bullish about the value of Ethereum crypto. IamCryptoWolf forecasts the price of Ethereum (ETH) could pump to $3,600 in the coming weeks. CryptoJobs3 is more conservative and expects a rally to $2,760.
DTX Exchange (DTX) Set To Skyrocket in This Altseason
DTX Exchange (DTX) is another cryptocurrency to watch out for in the altseason. Analysts forecast the price of the coin could pump by 10x in the next few months. DTX Exchange’s presale has been a major success in the past few months. It has raised $2.8 million in funding through the first three stages of its crypto ICO.
The native DTX coin has also been bullish, rising by 200% to hit its current price of $0.06. At its core, DTX Exchange is building a crypto exchange platform that seeks to solve the shortcomings of centralized and decentralized exchanges by merging their benefits together. By doing so, DTX Exchange users can enjoy high liquidity, fast transactions, low fees, and security.
Another benefit of DTX Exchange is that it offers leverage of up to 1,000X, which allows traders to make huge profits. Also, it does not require KYC information from traders. All they need is an email and a crypto wallet to fund the account. DTX Exchange also encourages user activity through the use of loyalty rewards.
Final Thoughts
As altseason picks up steam, Solana (SOL), Ethereum (ETH), and DTX Exchange are the best altcoins to watch out for. Analysts believe these coins are among those that could give the most profit. Smart investors have already started taking their positions as they await the uptrend.
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