There is a lot of excitement in the crypto market right now as the Fed cuts rates by half a percentage point, the first in the past four years.
The Federal Reserve cutting rates for the first time in four years has sparked excitement in the crypto market, with traders eyeing currencies with high growth potential. According to analysts, DTX Exchange (DTX), Solana (SOL), and Ethereum (ETH) fit the bill.
Recently, DTX Exchange (DTX) announced that it will open up 50% of its token supply to the public, while Solana (SOL) unveiled a handheld Web3 gaming device. Additionally, crypto analyst Wolf has identified a bullish pattern for Ethereum (ETH).
DTX Exchange (DTX): A Good Crypto To Buy Now
DTX Exchange (DTX) has been making waves in the crypto space. Its ongoing presale has seen impressive growth, reaching Stage 3 within a few months. The exchange has already raised over $2.6M and is expected to hit $3M before the end of next week.
Major crypto influencers, such as Crypto League, have highlighted DTX Exchange as the next big thing in the crypto market. The exchange aims to revolutionize online trading by launching a hybrid platform that combines the best features of CEXs and DEXs.
This will allow users to trade over 120K asset classes, including cryptocurrencies, gold, and CFDs, in one place with up to 1000x leverage. Furthermore, the absence of sign-up KYC checks will provide millions of traders with enhanced privacy, giving DTX Exchange a significant edge over its competitors.
In a recent development, DTX Exchange has announced that it will unlock 50% of its token supply to the public. This will allow users to purchase the DTX utility token and enjoy benefits such as reduced trading fees and governance voting rights.
Currently, DTX is valued at $0.06 in Stage 3, marking a 200% increase from its starting price. However, this price is set to rise to $0.08 once Stage 4 begins. According to experts, a 20x growth is expected after a Tier-1 CEX lists DTX soon.
Solana (SOL): Play Solana Gen1 Announcement
Solana (SOL) is undoubtedly one of the best cryptos out there, and some interesting news has been reported. Play Solana has announced the Play Solana Gen1 (PSG1) device, which will be the first handheld Web3 gaming device built entirely on Solana (SOL).
Those who hold the Player 1 NFT will be granted priority and discounted access to preorders for this device, making it an unmissable opportunity for crypto enthusiasts.
Hardware launches like these could also lead to an increase in demand for the Solana crypto. Over the past week alone, the Solana (SOL) value has surged by over 10%.
Moreover, the Solana coin is hovering above its 50-day EMAs and has an RSI of 61.90, indicating a neutral trend. However, given the bullish Solana news, experts remain optimistic, predicting a potential value of $160 for this crypto by October.
Ethereum (ETH): A Strong Bullish Move
As a top 5 cryptocurrency, Ethereum (ETH) has achieved remarkable success. CoinMarketCap shows that the price of Ethereum (ETH) grew nearly 10% on the weekly chart.
According to crypto analyst Wolf, this marks a hard retest of the upper boundary from the 18-month ascending triangle accumulation. He anticipates a strong bullish move that could see Ethereum (ETH) hit $8.392.
Another piece of noteworthy news pertains to the Ethereum crypto. Developers have decided to split the upcoming Pectra upgrade into two batches.
This decision will allow them to introduce key features in the first batch while leaving room to deploy the second batch without any hiccups. As a result, market analysts have made a bullish Ethereum price prediction, expecting it to reach $2,600 before October ends.
DTX Exchange (DTX) vs. Solana (SOL) vs. Ethereum (ETH) – Which Crypto May Skyrocket First?
While Solana (SOL) and Ethereum (ETH) are still the top crypto coins, DTX Exchange (DTX) has the potential to reach that status faster than both of them.
Being a relative newcomer, DTX Exchange has a smaller market cap, which could lead to faster growth with less new money. Additionally, the exchange taps into the vast $17T gold market, providing it with stability and exceptional long-term growth potential. Hence, DTX might just be the best new crypto to invest in.
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