In a recent interview with Yahoo Finance on Bitcoin’s future, Bitwise Asset Management CIO Matt Hougan said, “I think we’re going above $100,000 on Bitcoin.” He cited several catalysts, notably the upcoming US election. In his words, “I think the most important thing for Bitcoin is that the election happens,” regardless of the outcome.
Meanwhile, a surprising contender has entered the race to $1: DTX Exchange (DTX). This new altcoin stands at the crossroads between TradFi and DeFi, ridiculously undervalued at the current ICO price of $0.08. Tipped to hit $1 ahead of Dogecoin (DOGE) and TRON (TRX), experts believe this is a new DeFi project worth betting on.
DTX Exchange (DTX): Primed to Hit $1 Ahead of Popular Names
DTX Exchange (DTX) is a new altcoin stirring much buzz thanks to its solid fundamentals and tangible applications. The presale continues to sell out fast—a whopping $6.3 million has been raised in early funding. This massive turnout is a vote of confidence in its potential and appeal.
Its unique offering will be a hybrid trading platform that features the best elements of CEX and DEX, notably non-custodial storage solutions, an on-chain order book and wallet-based trading. Utility-backed, the DTX token will be used to invest in thousands of asset classes, including stocks, forex, commodities, cryptocurrencies and tokenized financial instruments.
Equally important, token holders will have governance rights via staking. Meanwhile, the ongoing presale presents an opportunity to invest in the future of the $3.2 billion global trading market. In round 4, a token costs $0.08 and is tipped to hit $1 before the year’s end, potentially edging out Dogecoin (DOGE) and TRON (TRX).
Dogecoin (DOGE): Is $1 Feasible?
Dogecoin (DOGE) is a top altcoin and the leading meme. It introduced the meme narrative after its launch in 2013, although it rose to popularity in 2021. Since then, it has climbed the crypto ladder and is currently a top 10 cryptocurrency.
The recent market uptick pushed Dogecoin (DOGE) to the upside. The Dogecoin price exploded over 20% on the weekly chart, rising from a low of $0.13 to $0.17. This continues its 45% uptick in the past 30 days, gathering steam for a breakout above its March high of $0.22, with the daily Simple Moving Average (50) at 0.12120—a buy signal.
However, a nagging question within the Dogecoin community is: “Can it hit $1?” Its last all-time high was three years ago during the 2021 bull market, when it hit $0.73. A bearish Dogecoin price prediction believes it has topped, casting doubt on its potential to hit this elusive mark.
TRON (TRX): Hitting $1 Might be Next to Impossible
TRON (TRX), one of the top crypto coins, is popular for its DeFi solutions and services. It facilitates the creation of decentralized applications (dApps) and hosts other blockchain-based projects—a favorite thanks to its cheap transaction fees and fast speed.
Defying expectations, TRON (TRX) maintains bullish traction. It surpassed its August high of $0.167 this week, highlighting growing interest. The TRON price gained 4% in the past 7 days, changing hands around $0.169, with MACD Level (12, 26) on TradingView daily chart reading 0.0030, a buy signal.
With sights set on flipping its 2018 all-time high of $0.3, TRON is among the altcoins to watch. It is on track to hit a new peak before the year’s end, positioning it among the best coins to invest in. However, reaching the $1 might likely not play out this year, assuming it will, which top experts believe is almost impossible.
Conclusion
With Bitcoin primed to hit $100,000, reiterated by the comment of Bitwise CEO, an altseason is inevitable. As the race to $1 heats up, DTX Exchange (DTX) has emerged as a new contender, backed by retailers and whales. Its hybrid approach to trading and rapidly growing community make it a better bet than Dogecoin (DOGE) and TRON (TRX).
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