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Cryptocurrency News Articles
The Best Altcoins to Capitalize on the January 20th Rally Sparked by Trump's Presidential Inauguration
Jan 15, 2025 at 08:00 pm
As we approach the United States Presidential Inauguration on January 20th, crypto investors speculate Donald Trump's entry into office will ignite another rally
As we approach the United States Presidential Inauguration on January 20th, crypto investors speculate Donald Trump’s entry into office will ignite another rally and are thus tracking the best altcoins to capitalize on the surge.
While the broader crypto market has been enduring a prolonged downturn, certain altcoins have managed to buck the trend and deliver impressive gains. Among these standout performers are SUI, XRP, and a newcomer in the scene that has been quietly amassing massive support, DTX Exchange (DTX).
Here's a closer look at each of these altcoins and the factors contributing to their bullish outlook:
1. SUI Blockchain Stands Out Amid Market Uncertainty
Despite the widespread downturn in the broader crypto market, the SUI blockchain has performed relatively well in the past month. SUI is the native token of the SUI blockchain. After an extended cup and handle pattern, SUI underwent a massive rally in November 2024 and has gained over 150% since then.
It has been trading in an uptrend channel for two months. As it fluctuates in this channel, the price has been steadily reaching new ATHs. Last week, SUI reached the ATH of $5.35 but reversed from the channel’s upper trendline and now trades close to the lower trendline at $4.61. The daily trading volume has increased, indicating increased demand as investors expect the uptrend to continue.
The SUI blockchain has historically outperformed other networks in terms of innovation, scalability features, strategic partnerships, and high trading volumes. Due to its strong fundamentals and active development, the SUI blockchain is well-positioned to grow exponentially and continue the rally with even more significant momentum.
2. Ripple Breaks Out With Increased Demand, Indicating Potential XRP Price Rally
Following the tremendous rally in November, where the XRP price surged by over 470% within a month to $2.9, the demand for Ripple vanished. Due to this, Ripple lost momentum and entered a symmetric triangle pattern. It consolidated within this pattern for over a month until last Saturday, when the XRP price broke out of the upper trendline with a massive 10% intraday surge.
On Monday, the XRP price retested the breakout trendline and continued to rise. In the last 24 hours, Ripple has gained over 5.5% and trades at $2.56 with a 44% increase in trading volume. However, Ripple faces immediate resistance at $2.6 and has another considerable resistance at $2.72.
The XRP price is surfing above the short-term 10-day and 20-day SMAs, and the MACD oscillator is steadily rising, indicating increasing bullish sentiment for Ripple. We can expect another enormous rally if the price moves past the resistances with significant momentum.
3. DTX Token Prepares to Hit $2 In March 2025
Savvy investors are shifting their attention to the emerging DeFi project DTX Exchange (DTX) due to its innovative platform and decentralized nature. According to analysts, DTX is positioned to have a significant impact, aiming to surge from its current price of $0.14 to a target of $2 by March 2025.
With its rapid development, DTX Exchange has been hailed as the biggest competition to Binance and Robinhood. Through the introduction of a hybrid protocol, DTX Exchange is transforming the online trading landscape by providing over 100,000 investment options available for mass with its global expansion.
The platform is powered by the layer-1 VulcanX blockchain, which provides ultra-fast and inexpensive transactions. According to the testnet results, it can handle 200,000 TPS and is on par with the SUI blockchain, which is among the industry’s highest. DTX has a very low reaction time of 0.4ms, meaning that traders can operate within the blink of an eye, capitalizing on the smallest market movements, thus minimizing slippage and reducing the overall cost.
DTX Exchange’s presale has been an apparent success, raising $11.75 million in a short period. Investors are swarming to book the presale slots, as the presale has sold over 150 million tokens. While many altcoins are emerging as potential leaders, it is evident the DTX Exchange is witnessing fast-paced growth.
Conclusion
The XRP price, SUI blockchain, and DTX Exchange are poised to outperform the markets and ride the foreshadowed January 20th rally sparked by Trump’s presidential inauguration. The XRP price breakout suggests another massive rally. The SUI blockchain shows potential to grow with its innovative technological advancements, and DTX Exchange’s hybrid approach and explosive early-phase growth potential offer an excellent opportunity for tremendous returns.
Find out more information about DTX Exchange (DTX
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Bitcoin Price Drops 3% to Approach $92k, Altcoins Follow the Bearish Sentiment
- Feb 25, 2025 at 11:30 am
- After a failed bullish breakout above $98k last week, Bitcoin (BTC) price slipped below a crucial support level of $95.5k on Monday to approach the lower end of a possible horizontal range of around $92k.
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