The interest rate cuts by the Federal Reserve have been hailed as a bullish catalyst, set to usher in a strong bullish wave. With investors hoping to make the most of this bull run, the 3 altcoins to buy are Cardano (ADA), Polkadot (DOT) and DTX Exchange (DTX).
These cryptocurrencies have unique offerings and appeals but significant upside potential. On track for explosive gains, these are must-have cryptos.
DTX Exchange (DTX): A New Altcoin Worth Betting On
DTX Exchange (DTX) is a new and emerging crypto not to miss for several reasons. At the forefront is its substantial growth prospects as a low-cap gem—there is a reason presale tokens are a key part of investors’ strategies. In addition, it is fundamentally strong, considering it aims to bridge the gap between TradFi and DeFi.
Its one-stop trading platform will combine the best features of centralized and decentralized exchanges. This will strike a balance between accessibility, privacy and security, among others. More importantly, users can trade thousands of asset classes across stocks, forex, bonds, commodities and cryptocurrencies, all on a single crypto wallet.
The above will see INTL transform the $10 billion global trading market, setting it up for adoption and growth. A token costs only $0.06 in the third round of the ICO and is tipped for a 65x upswing after its launch, potentially outclassing top altcoins like Cardano (ADA) and Polkadot (DOT).
Cardano (ADA): On Track for New ATH
Cardano (ADA) is a top-15 cryptocurrency, while also playing a key role in the scene. As a DeFi protocol, it facilitates the creation of decentralized applications, popularly known as dApps. Its new governance model, via the Chang hard fork, gives token holders a say in the platform’s future.
On the yearly charts, the Cardano price soared over 30%, hinting at its potential. During the March high, it hit $0.77, although it has since tumbled below $0.4. However, it has yet to reach its full potential this year, not with the recent rate cuts by the Federal Reserve.
Currently, Cardano is down by over 80% from its 2021 ATH of $3.10, leaving plenty of room for growth. At the heart of the current market buzz is a Cardano price prediction suggesting a new peak before the year’s end. This makes it a good crypto to buy at the current price.
Polkadot (DOT): Road to $30
Polkadot (DOT), a multichain protocol, is another big player in the crypto landscape. It facilitates the cross-chain transfer of data or assets, also known as interoperability among blockchains. Additionally, it is a top-20 cryptocurrency—a favorite among retailers and institutions.
Like most top altcoins, the Polkadot price is on the upside, courtesy of a macro tailwind—interest rate cuts. It trades above the $4 support, gearing up to revisit the annual peak of $11.5. According to top analysts, the coming days will be crucial for DOT, tipped to reclaim key price levels.
Similarly, its outlook for the rest of the year is bullish. A Polkadot price prediction suggests a rally above $30 before the year’s end, making it an altcoin to watch for gains. At the current price and considering its growth prospects, it is a bullish wave not to miss post-rate cuts.
Conclusion
The top three altcoins to buy after the Fed’s interest rate cuts are Cardano (ADA), Polkadot (DOT) and DTX Exchange (DTX). To make the most of this bull run, we recommend checking out the DTX presale. This emerging cryptocurrency boasts more upside potential as a low-cap gem, in addition to its blend of TradFi and DeFi.
Learn more:
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.