The “Uptober” rally is yet to set in, leaving enough time to position ahead of the much-anticipated bull run.
While several tokens are on the cusp of skyrocketing, one catches the market’s attention with its unique narrative and growth prospects: DTX Exchange (DTX).
This emerging cryptocurrency is approaching its launch and given its novelty—a new hybrid exchange platform—it is set for massive adoption and growth. Hailed as the best crypto to invest in, it overshadows Solana (SOL) and Dogecoin (DOGE).
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DTX Exchange (DTX): A New DeFi Project to Watch
DTX Exchange (DTX), an emerging altcoin built on Ethereum, is one of the new DeFi projects to watch out for. In addition to its solid fundamentals, its upside potential is largely unrivaled, dwarfing top crypto coins like Solana (SOL) and Dogecoin (DOGE).
As a new altcoin, it is primed to go on price discoveries. With confidence rising, considering over $3.8 million has been raised in the ongoing presale, it is on track for an explosive debut. Meanwhile, at a token price of $0.06 in the third round of the ICO and a projected 50x rally after listing, it is a bullish wave not to miss out on.
Also driving huge demand and interest is its novelty as a hybrid exchange protocol. Unlike conventional trading platforms, it will combine the best elements of centralized and decentralized exchanges, offering the best of both worlds. This will see it strike a balance between accessibility, privacy, transparency and robust liquidity. Other distinguishing features are diverse asset classes across TradFi and DeFi and up to 1,000x leverage on select assets.
Solana (SOL): Eyes on $200
Solana (SOL) is one of the leading altcoins. It is a top 5 cryptocurrency by market cap, behind Ethereum and BNB on the altcoin list. Regarding its unique offering, the Layer-1 blockchain provides DeFi solutions—building decentralized applications (dApps) and hosting other digital assets.
While the past few days have been disappointing, Solana (SOL) is one of the altcoins to watch out for. The Solana price tumbled over 6% in the past 7 days, exchanging hands above $140 from the weekly high of $157.
However, with an overall market rally imminent, SOL is among the best cryptos to invest in, with the current downturn representing a great buying opportunity. A Solana price prediction suggests a rally above $200 before the month’s end, positioning it as a promising wave worth riding.
Dogecoin (DOGE): Tipped to Reclaim Annual Peak Price
Dogecoin (DOGE), the first and leading memecoin, is among the most undervalued top altcoins. The fun-inspired token has several attractions—a vibrant community, lightheartedness and low entry—that make it a retail favorite.
Mirroring the overall crypto sentiments, Dogecoin (DOGE) trades downward. The bulls lost over 6% gains in the weekly timeframe, dragging the Dogecoin price to $0.1. With the bears hoping to flip this support into resistance, the coming days promise to be exciting.
However, given October’s potential, which historical data backs, Dogecoin is set for a massive upswing this month. The dog-themed cryptocurrency is on track to retest its annual peak price of $0.22, placing it on the list of the best coins to invest in.
Conclusion
DTX Exchange (DTX), a novel altcoin on the Ethereum blockchain—an ERC-20 token—is a more promising bet than Solana (SOL) and Dogecoin (DOGE). Its upside potential is staggering, making it a better bet ahead of the October rally. Further, its impending transformation of the trading scene makes it a project worth backing and investing in.
Learn more:
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Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.