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Investors get ready for the Q4 crypto rally: Solana, DTX Exchange, and Shiba Inu show promising on-chain metrics, signaling significant price increases.
With the crypto market looking to close September on an upward trajectory, it could be the perfect setup for a massive price rally in the fourth quarter. The top altcoins that are looking very likely to lead the market rally are Solana (SOL), DTX Exchange (DTX), and Shiba Inu (SHIB).
The Solana network led the market in 7-day active addresses with an 8% increase, while the SHIB burn rate skyrocketed by 5,975%. DTX Market has also crossed $2.7 million in funding. This rise in on-chain metrics suggests that these altcoins could soon see a price surge.
Solana on-chain metric rises, price pump coming
The recent signs of recovery shown by the Solana coin have been backed by an increase in its on-chain activity. According to data from DeFiLlama, Solana led the DeFi market in 7-day active addresses. An increase of 8% over the last week takes the number of addresses on the Solana blockchain to over 3.18 million, making it the most active network.
In addition to its strong network performance, the Solana price chart has been on the rise. On the weekly chart, SOL has increased by more than 12% to briefly recover above the $150 support level. Technical indicators now suggest that SOL is in strong buy territory. Telagon has predicted a breakout that could take the price of Solana (SOL) as high as $250 in the coming weeks.
DTX Exchange crosses $2.7m as whale activity rises
Over the last few weeks, DTX Exchange has seen a rapid inflow of funds from whales. As a result, the crypto ICO has raised over $2.7 million in funding. The rise in support for DTX Exchange stems from its all-inclusive trading platform that suits the needs of all types of traders. Whales are certain that the price of the DTX coin can trade as high as $1 from its current price of $0.06. Hence, the growing interest in the project.
Unlike conventional exchanges, DTX has integrated the best features of centralized and decentralized exchanges. In addition, DTX Exchange is not confined only to the crypto space. On this new exchange, customers can trade instruments from the forex, stocks, equities, and ETF markets, making it the best option.
This connection to multiple markets gives DTX Exchange access to the $715 trillion OTC derivatives market. Firstly, this will help DTX provide more liquidity than other exchanges. However, more importantly, it will provide the platform for growth that other crypto exchanges lack. This is why analysts are optimistic that the DTX coin can hit $1 before the year ends.
Shiba Inu burn skyrockets: How high can the price go?
The Shibburn X handle recently tweeted that the burn rate for the Shiba Inu coin has skyrocketed by an astonishing 5,975%. The recent burn also comes shortly after the market lead of Shiba Inu, Lucie, announced the team’s plans to “reduce the supply” of SHIB by buying and burning the memecoin.
Currently, the Shiba Inu memecoin has been hovering above the $0.00001400 support level after a 9% rise on the weekly timeframe. The Shiba Inu price is currently attempting to recover above the 100-day SMA at $0.00001534. A break above this resistance will set SHIB on track to recover the key support level at $0.0000200.
Which coin should traders buy for huge gains?
Based on their current performances, Solana, DTX Exchange, and Shiba Inu are some of the best altcoins to buy for huge returns. However, DTX is the best pick for investors looking for the biggest return in Q4 and beyond. Its exchange and connection to the OTC derivatives market could make it one of the market leaders in the near future.
To learn more about DTX, visit the official website and join the DTX community.
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