With Donald Trump’s inauguration on January 20 fast approaching, the crypto sector is already excited. Smart investors are already stocking up on potential altcoins that could skyrocket following the inauguration. Potential altcoins primed for explosive returns include Ethereum (ETH), Ripple (XRP), and DTX Exchange (DTX).
CryptooELITES forecasts the value of ETH could pump to $7k. Also, Ali Martinez expects XRP’s price to hit $3.6. Meanwhile, the DTX coin could see up to 10x gains this quarter. The DeFi coin has already given early investors 600% returns and looks to hit $1 before the end of Q1.
Ethereum (ETH) Forecasted To Hit $7k After Long Consolidation
Ethereum (ETH) has been trading sideways since the beginning of this year. CoinMarketCap data revealed the price of the cryptocurrency has been consolidating around the $3k region. Presently, the value of the Ethereum coin has dipped by 3.9% on the weekly timeframe and 18.6% on the monthly level.
Meanwhile, top analyst Ali Martinez notes the altcoin faces a strong resistance around $3,360-$3,450. Crossing it could trigger a price surge in the coming weeks. CryptooELITES expects the Ethereum crypto price to increase to $7k very soon.
Another analyst called Poseidon noted the ongoing consolidation could lead to more gains in the coming weeks. They posted a chart that showed the value of the Ethereum token to $7k and then $10k. Based on technical analysis, the sentiment around ETH is mixed. While some indicators are bullish, others, like the relative strength index, indicate that bears are in control.
Ripple (XRP) Has A Bullish Setup, Says Analyst
In a recent tweet, Ali Martinez argued that Ripple (XRP) has one of the most bullish setups in the market right now. This statement comes after the Ripple coin retested a breakout zone. The analyst said that the altcoin price could surge to $3.6 in the coming weeks. Whales are currently stocking up their portfolios ahead of the potential upsurge. They have accumulated over 1 billion XRP in the past seven days, a sign that they are confident about the Ripple token.
In the meantime, XRP’s price has increased. Data from CoinMarketCap reveals the Ripple crypto price has increased by 22.9% on the weekly timeframe and 17.8% on the monthly chart. Additionally, the technical indicators are bullish. The relative strength index has been rising in the past week and is about to reach the overbought region.
DTX Exchange (DTX): The Future of Hybrid Digital Trading
DTX Exchange (DTX) is revolutionizing the digital trading space through its CEX-DEX hybrid model. Intended for multi-asset trading, DTX Exchange enables its users to trade cryptocurrencies, stocks, forex, commodities, and tokenized RWAs in one platform. Also, it has a No-KYC model, which means that users can register and begin trading immediately without providing identification details.
This guarantees privacy, no restrictions in the market, and no regulatory hurdles, which makes it perfect for traders who want anonymity. Furthermore, the platform’s VulcanX blockchain allows for transaction speeds of 0.4ms with a processing power of 200,000 TXPs per second. This feature prevents slippage, improves liquidity, and guarantees smooth trade, especially during volatile market conditions.
Because of its wide range of features, DTX Exchange could be at the forefront of infusing the trading of traditional assets into the $347 billion crypto space. The DeFi project is currently in the presale stage and its native token is selling like hot cake. Given its features above, the value of DTX could increase from $0.14 to $1 this quarter.
Best Cryptos To Buy Now: Ethereum, Ripple, and DTX
With the upcoming inauguration on the way, the cryptocurrency community could see an influx of more favorable regulations. Such a move could attract more investors to the space, pushing the value of Ethereum (ETH), Ripple (XRP), and DTX up the charts.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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