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Cryptocurrency News Articles
Solana (SOL) Could Hit the $420 Price Level Soon, DTX Exchange (DTX) Price Jumps 400%, Run Still Not Over
Nov 28, 2024 at 04:00 am
The buzz around the crypto market has grown stronger as analysts have made bold price predictions for many tokens.
As the crypto market continues to heat up, analysts are keeping a close eye on a few tokens that they believe could see significant price increases. According to recent analysis, Solana (SOL), DTX Exchange (DTX) and Stellar (XLM) are among the altcoins to watch.
SOL, the native token of the Solana blockchain, has already seen substantial gains in 2023. CoinMarketCap data shows that the coin, which was trading around $174 at the beginning of December, has surged nearly 35% in the past month alone. During this period, Solana’s value moved between $174 and $231, while its market capitalization grew from $80 billion to $110 billion.
Technical analysis of Solana crypto by TradingView also indicates some bullish signs. The coin is currently valued above its 20-day EMA ($225), and its momentum indicator sits at 15.71, which is in the buy zone and suggests that the uptrend may continue.
Meanwhile, crypto analyst Curb has also made a bullish Solana price prediction. In a recent post to his 1.1M followers on the X platform, Curb has stated that the Solana coin may face slight resistance near $260 but could soar to $420 by Christmas.
“Solana (SOL) price analysis shows that the coin may encounter minor resistance around $260, but if it breaks through this level, it could reach $420 by Christmas, as per technical analysis and projections by a renowned crypto analyst. Keep an eye on this altcoin.”
With the projections and the coin already showing signs of a strong uptrend, the future for this altcoin could be bright.
DTX Exchange (DTX) price jumps 400%, and the run still not over
Another hot new crypto token that has recently gotten listed on CoinMarketCap is DTX Exchange (DTX). This marks a major development for any new crypto coin, as it could potentially attract millions of investors to the exchange.
To clarify, DTX Exchange aims to close the gap between CEX and DEX by launching a hybrid trading platform that combines the best of both. On the DTX Exchange, traders can access over 120K asset classes, including stocks, crypto coins, FX, etc., all while trading anonymously as the DTX Exchange will not require any sign-up KYC checks.
With all these features, it comes as no surprise that people are rushing to buy its native token, DTX. This altcoin is now in phase five of its presale with a value of $0.10 — a 400% increase from its starting price.
not only that, but a top-tier crypto exchange listing is expected to push the value to $0.20, making DTX one of the altcoins to watch, as per some experts.
Stellar (XLM) price nearing $1
Another altcoin making waves in this space is Stellar (XLM). According to CoinMarketCap, on the one-week chart, the Stellar price jumped over 100%. During that time, its value moved between $0.22 and $0.45.
The expert crypto analyst remains optimistic about Stellar crypto as well. In his 1.1M followers post, he said that Stellar (XLM) could see a price jump to $0.80 or even $1. This Stellar price prediction has attracted many traders.
Meanwhile, the TradingView data also shows some bullish signals. This altcoin is trading above its 10-day EMA ($0.37) and its 30-day EMA ($0.23). Moreover, its MACD level sits at 0.09, which is in the buy zone and suggests a good entry point for buyers.
Solana (SOL) vs. DTX Exchange (DTX) vs. Stellar (XLM) — Which crypto currency may shine?
While Solana (SOL), DTX Exchange (DTX) and Stellar (XLM) may all see big price gains soon, however, the experts think one may stand out — DTX Exchange.
This rookie is strategically positioning itself to capitalize on the growth of many markets, like the $1.4T FX market. In other words, it may remain stable in volatile markets and see better long-term growth potential. Thus, experts foresee a potential 1,000% surge for this altcoin in 2025.
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