The altcoin market has the potential to make the next bull run a historical one. Investors should therefore exercise caution when adding altcoins to their crypto portfolios in 2024. Altcoins like DTX Exchange (DTX), Ripple (XRP), and Chainlink (LINK) could soar during the altcoin season with a 50x–100x potential.
Their growth potential may change the fortunes of many investors in the market. With these undervalued coins, euphoria will precede the blow-off peak as FOMO spreads throughout the market and improves sentiment. DTX has shown impressive presale performance outshining XRP and LINK.
Ripple’s Market Performance Depends On SEC Lawsuit Decision
The price of XRP remained above $0.5 on Monday during the American session. According to CoinGecko data, its value has increased by 1.4% in one one-hour window while maintaining a 1.8% surge over the 24-hour window.
In the ongoing Ripple v. SEC lawsuit, the cryptocurrency community is anticipating the outcome. The CEO of Ripple, Brad Garlinghouse, has stated that he is optimistic about a spot XRP ETF and believes that it is inevitable. That being said, a lot will depend on how the lawsuit plays out in 2024 and what happens to it in 2025.
Nevertheless, since the SEC is probably going to file an appeal against the July decision regarding secondary sales of XRP, there may still be uncertainty following the case’s conclusion. On Friday, XRP fell sharply below $0.5 but stabilized above $0.49. Since then, there has been a rebound, regaining the ground above $0.5 to trade at $0.05.
As the price of XRP forms its second consecutive four-hour green candle, the 20-day Exponential Moving Average (EMA) offers instant support at $0.5116. Relative Strength Index, which is still at 51 following last week’s decline into the oversold area, indicates that XRP can mold the uptrend to $0.6.
Chainlink’s Market Performance Raises Concerns For Investors
Chainlink (LINK) has recently faced some headwinds that potential investors should be aware of. Although the crypto market as a whole appears to be rebounding, Chainlink’s price movement has not been as noteworthy.
Only slight gains have been made by LINK over the last week, hardly making up for its recent losses. LINK’s value has decreased by almost 10% in a week, underscoring its volatility and prompting questions about its near-term stability.
Chainlink’s price started to decline, breaching a key level of support at $17.40, which is the 4-hour chart’s 100 EMA. The volume profile peaks at the moment at $16.70. The $16.70 and $18.00 levels provide significant resistance, even though the 4-hour chart’s 200 EMA marks the start of the bullish zone. Experts view $15.60 and $14.30 as critical support levels during this declining trend.
DTX Exchange’s Meteoric Presale Rise Outshines Ripple And Chainlink
DTX Exchange is steadily turning into every trader’s dream, competing with the well-known altcoin titans XRP and LINK. Through the best DeFi platform, investors can experience the ultimate in high-velocity trading with access to over 120,000+ assets including commodities, stocks and bonds, forex, and cryptocurrencies.
At the second round of its presale, the flourishing network has already sold $246,288 worth of tokens or 24.68% of its total supply. DTX provides its investors with a competitive advantage over the volatile cryptocurrency market kudos to its advanced trading functionalities and cutting-edge blockchain integration.
DTX is making waves as the new player in the trading space as Ripple and Chainlink negotiate the ups and downs of the erratic cryptocurrency market. DTX is positioned to provide its early investors with much more than just profits, with the potential to surpass 25x gains in a short period. The website allows its users to:
- Access premium features and receive a reduction in trading fees.
- Right to vote on and make proposals for governance.
- Right to future airdrops in the future.
Key Takeaways
During the projected bull run in the second half of 2024, a few undervalued altcoins, such as DTX Exchange (DTC), Ripple (XRP), and Chainlink (LINK), could soar exponentially. Among these altcoins, DTX takes the lead with its presale performance.
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