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Cryptocurrency News Articles
The Best Cryptos to Buy in Q4 2023: Avalanche (AVAX), Binance Coin (BNB), or DTX Exchange (DTX)
Sep 26, 2024 at 02:00 am
Historically, the fourth quarter is when cryptocurrencies see their most explosive price increases. With 2024 being a bullish year, the trend is expected to repeat itself. Hence, this is the best time to buy cryptos.
As the fourth quarter of 2024 approaches, cryptocurrency enthusiasts eagerly anticipate a potential bull run, fueled by the rising optimism in the digital asset market. During this period, several altcoins are expected to experience substantial price surges, presenting investors with a prime opportunity to multiply their crypto holdings.
Among the numerous altcoins available, three standout options have captured the attention of experts and investors alike: Avalanche (AVAX), Binance Coin (BNB), and DTX Exchange (DTX). In this article, we will delve into each cryptocurrency's recent performance, price predictions, and key factors driving their potential to make you rich in Q4.
Avalanche (AVAX) Price Prediction: Could hit $50 in Q4 with ParaFi Capital partnership
The price of Avalanche (AVAX) dropped to its crucial support at $20 early in September, indicating the completion of a fib 74% correction. Since then, the Avalanche crypto has surged by over 35% to climb back above the critical support at $27, according to data from CoinMarketCap. Moreover, its key metrics indicate a rise in bullish momentum after hitting oversold levels.
Confirming a potential trend reversal, the Avalanche coin is trading strongly above the 50-SMA ($23.37) and 100-SMA ($25.06). This indicates that AVAX is poised to extend its gains in the coming weeks. The next price target for Avalanche (AVAX) is $30 before it can rally toward $50 in Q4. Notably, the recent partnership with ParaFi Capital, where $1.2 billion of the crypto hedge fund will be tokenized on the Avalanche blockchain, could propel momentum for AVAX.
Binance Coin (BNB) Price Prediction: Might cross $900 in Q4 as former CEO's release sparks optimism
One of the best performing altcoins in this recent crypto market recovery has been Binance Coin (BNB). For the first time in over 100 days, the Binance Coin price crossed $600, with all its metrics indicating a hyper-bullish trend. On the weekly timeframe, the BNB coin surged by over 13%, making it the biggest gainer among the top 5 cryptocurrencies.
The recent bullish momentum of BNB intensified after it was announced that its former CEO, Changpeng Zhao, will be released on September 29. Coming just before the beginning of Uptober, a term referring to the upward momentum of cryptos in October, Binance Coin BNB looks to be in a good position to rally. According to Alex Clay, Binance Coin (BNB) could set a new ATH above $900 in Q4, making it one of the top altcoins to buy now.
Whale Interest Surges in DTX Exchange (DTX) as ICO Crosses $2.7 Million
Among the altcoins that have attracted the highest level of whale activity in the last few weeks is DTX Exchange (DTX). This new hybrid exchange has piqued the interest of whales, as it is set to be the turning point in the crypto trading space. Unlike popular crypto exchanges like Binance, DTX will bridge traditional finance and decentralized finance.
On the DTX Exchange, users can trade instruments from the forex, stocks, equities, and ETF markets, making it the best choice. DTX will be bringing the $715 trillion OTC derivatives market to the crypto space. Additionally, by employing an on-chain order book, DTX will have a very transparent record of all buy and sell orders.
This new project has greatly interested whales as it could transform the $10 billion crypto trading space. The crypto ICO of DTX Exchange has crossed $2.7 million and could surpass $5 million in Q4. Its native token, DTX, has also increased by 200%, rising from $0.02 to $0.06 in the third stage of its presale. Being one of the most bullish coins right now, analysts believe the DTX coin could see a ten-fold increase before the year ends.
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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