The crypto market is nearing another breakout, with Bitcoin (BTC) on the verge of a breakout above $70,000. With altcoins to follow suit, a new Solana (SOL) all-time high is on the cards—one of the altcoins to watch out for.
Meanwhile, gearing up to make the most of the next market’s parabolic run, DTX Exchange (DTX), a new exchange-based token, has caught investors’ attention. Heavily discounted at less than $0.1, its upside potential rivals Toncoin (TON), making it one of the new DeFi projects to watch out for.
DTX Exchange (DTX): Budget-Friendly and Explosive in Potential
DTX Exchange (DTX) is one of the cheapest and most promising altcoins on the market today. The ongoing presale is quickly becoming a favourite destination for savvy investors, evident in the jump above $5.5 million in raised funds.
Its low entry and upside potential are two of its biggest attractions. In round four of the ICO, a token is heavily discounted at $0.08, which savvy investors have been gobbling up. Meanwhile, it is tipped for a 25x gain in the first three months after its launch, outshining popular altcoins like Solana (SOL) and Toncoin (TON). The token getting pre-listed on CoinMarketCap is at the heart of the current buzz.
Also driving interest is its future transformation of the $10 billion global trading space. It will take a unique approach by combining the best elements of centralized and decentralized exchanges—a hybrid trading platform. Further, it aims to bridge the gap between TradFi and DeFi by providing a one-stop platform where thousands of asset classes can be traded, setting it up for adoption and growth.
Solana (SOL): Targets a New Peak
Solana (SOL), one of the top altcoins, is popular for its DeFi platform. The Layer-1 blockchain platform assists with the creation of decentralized applications, fiercely competing with the Ethereum blockchain. Its rapidly growing ecosystem is also one of the most robust, contributing to its ascent.
The recent uptick in the Solana price pushed it briefly above $170 this week. In the past 7 days, there has been an over 8% jump in its value, retailing above the $160 mark. While it had a yearly high of $200 during the March rush, the bulls target a new all-time high.
Solana (SOL) registered an ATH of $260 during the 2021 bull run—a repeat is anticipated. Bitcoin breaking out above $70,000 and racing to a new peak will drive a huge demand for SOL, making it one of the best coins to invest in. Tipped to register a new peak this year, it is positioned among the top cryptos to invest in.
Toncoin (TON): 7% Decline in the Past 7 Days
Toncoin (TON), a top crypto coin, is popular for its relationship with Telegram. In addition to being a Layer-1 token, it is also Telegram-based, with payment being one of its key use cases. After a slight uptick in its price, it resumes its sideways trading.
The Toncoin price is around the $5.2 mark—a 7% decline on the monthly chart. It consolidates on shorter timeframes, with a breakout quickly approaching. A popular Toncoin price prediction is optimistic about a monthly close above $6, making it one of the altcoins to watch.
Moreover, it is tipped for a jump past $10 before the year’s end, a new all-time high. This explains why investors have been showing keen interest in Toncoin (TON), especially with the ongoing onboarding of Telegram users to the TON ecosystem.
Conclusion
With a Bitcoin (BTC) breakout and new ATH imminent, Solana (SOL) is on track for a price discovery. Meanwhile, given DTX Exchange’s significant growth prospects, it is a more compelling alternative than Toncoin (TON), especially considering its low entry.
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