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Cryptocurrency News Articles
The Best Cryptos To Invest in for October Gains (Chainlink, Cardano, DTX Exchange)
Sep 25, 2024 at 11:19 pm
Altcoins have shown remarkable recovery in the last half of September thanks to the recent Fed rate hike, which has caused a halt in selling pressure.
Altcoins showed an impressive recovery in the latter half of September, mainly due to the recent Fed rate hike that brought a halt to the selling pressure. Now, as we look ahead to October, analysts are filled with renewed hope and positive expectations for specific altcoins.
Chainlink (LINK) price is seen consolidating between $9 and $13 on the monthly chart. The cryptocurrency is up 7% on the weekly chart and 9% on the biweekly time frame. Chainlink coin is trading above the 50-SMA ($10.91) and could rise to new highs in the coming weeks.
According to Cantonmeow’s analysis, the value of Chainlink crypto could soar to $14 by October. This potential makes it one of the top altcoins to watch.
Data from IntoTheBlock reveals that this week, Cardano (ADA) has surged up 32,848.01% in Large Holders Netflow, which helps show the change in whale holdings. The growth in Cardano’s whale netflows could indicate a significant accumulation of Cardano ADA.
Presently, the cryptocurrency is trading above the 50-SMA ($0.348181), a sign that bulls are leading the market.
Additionally, the Cardano coin has recorded 18 green days in the past month, which is above average. During this period, its market cap consolidated between $11 billion and $14 billion.
However, Cardano crypto has a major resistance at the $0.40 region which it must cross in the coming weeks. If this is realized, the altcoin price could surge to $0.45 in the month of October.
DTX Exchange (DTX) is getting a lot of attention and excitement in the cryptoverse.
Surprisingly, it has quickly advanced through the first and second stages of its presale and is now at stage three. It is priced at $0.06, a 200% increase from its price of $0.02. Analysts expect another 100% price surge in October.
Meanwhile, the DTX Exchange has surpassed $2.7 million in funding and is projected to increase to $4 million by October.
DTX Exchange is looking to introduce a new element to the online trading sector – a hybrid (CEX+DEX) platform that will give traders a comprehensive trading experience.
Therefore, individuals can gain access to over 120K items, including cryptocurrencies, gold, stocks, indices, and various CFDs, within a single platform at a high leverage of over 1000x.
Additionally, DTX Exchange seeks to boost liquidity by creating distributed liquidity pools to minimize the slippage experienced during trades while striving to deliver the best experience to its audience. As a result, users will get to experience the benefits of low-slippage trade regardless of the market climate.
The Best Cryptos To Invest in for October Gains (Chainlink, Cardano, DTX Exchange)
Analysts are optimistic about the potential price trajectory of these altcoins – Chainlink (LINK), Cardano (ADA), and DTX Exchange. They expect their prices to reach new targets riding on the positive sentiment in the market right now.
Learn more:
Buy Presale
Visit DTX Website
Join The DTX Community
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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