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Cryptocurrency News Articles
Top 5 Exchange Coins That May Soar 100x as Argentina Adopts Bitcoin
May 29, 2024 at 09:00 pm
With Argentina studying El Salvador's achievement in crypto acceptance, traders should consider these exchange coins since they might take advantage of the growing demand for cryptocurrencies.
As Argentina mulls over collaborating with El Salvador to adopt cryptocurrencies, traders may want to consider exchange coins, which could benefit from the increasing demand for digital assets. Among the promising exchange coins to watch are DTX Exchange (DTX), Uniswap (UNI), THORChain (RUNE), Synthetix (SNX) and Curve DAO Token (CRV).
DTX Exchange (DTX) - One of the Best Exchange Coins to Buy Now
First on our list of promising exchange coins is DTX Exchange (DTX). This project has managed to garner attention during its presale. In essence, DTX Exchange has already provided early buyers with a 100% ROI while raising close to $600,000. This number is expected to reach $1M before May 2024 ends.
DTX Exchange is implementing a unique approach in the form of a hybrid trading platform that combines the best aspects of both CEX and DEX. Through this newfound fusion, traders can look forward to an unmatched experience that includes 120,000+ asset classes, no sign-up KYC checks and fast transaction speeds of 0.04 seconds.
The DTX token will be at the heart of this ecosystem. Holding this token is crucial if you wish to obtain lower trading fees, access to enhanced analytics and governance voting rights. Ten lucky DTX holders will also receive $100K each if they buy $100 worth of DTX during its presale.
All of these benefits have made traders gravitate to this new exchange coin. DTX now costs just $0.04 in Stage 2 of its presale - a 100% rise from its starting price of $0.02. However, market analysts claim that the upcoming Tier-1 CEX listing of DTX in Q3 of 2024 may trigger a 100x bullish rally. This makes DTX the best exchange coin to keep an eye on.
Uniswap (UNI) - Monthly Volume Doubled on L2
Next up, we have to mention Uniswap (UNI). This is one of the top exchange coins at the moment. Over the last 12 months, UNI saw a price surge of nearly 150%. Moreover, Uniswap announced that its monthly L2 volume on its protocol has doubled compared to last year. It jumped from $8.93 in May 2023 to $20.72B in May 2024.
The Uniswap coin technical analysis also shows bullish signs. For example, UNI is trading above its 50—and 100-day EMAs, while 27 technical indicators are flashing green. Due to all this bullish Uniswap news and indicators, experts remain confident in its long-term growth. They foresee a rise to $16.40 for this exchange coin within Q2 of 2024.
THORChain (RUNE) - Alex Clay Makes a Bullish Price Prediction
THORChain (RUNE) is another top exchange coin to watch as Argentina begins to accept crypto. According to CoinMarketCap data, the THORChain price surged over 520% in the last year alone. Crypto analyst Alex Clay also remains bullish. In his X post, he claims that RUNE may soar to $54.7 in the long term.
The THORChain coin technical analysis supports this statement. Currently, over 27 technical indicators show bullish signs for THORChain. Moreover, this exchange coin is trading above its 100—and 200-day EMAs. As a result, market analysts have made a bullish THORChain price prediction—$9.16 before Q2 of 2024 ends.
Synthetix (SNX) - Price Analysis Shows an Uptrend
Recently, Synthetix (SNX) has managed to capture the attention of traders among exchange coins. On the YTD chart, the Synthetix price surged over 30%. Its market cap increased over $620M to $1B during that time. As Argentina collaborates with El Salvador for further crypto adoption, more traders may gravitate to the Synthetix crypto.
The Synthetix technical analysis also paints a bullish picture. Over 19 technical indicators are currently in the buy zone for this exchange coin, which trades above its 200-day EMA. Therefore, experts in the crypto field foresee growth to $4.36 within Q2 of 2024 in their Synthetix price predictions.
Curve DAO Token (CRV) - Among the Top Exchange Coin Gainers This Week
Finally, analysts have placed Curve DAO Token (CRV) as another member of the best exchange coins right now. Although the Curve DAO Token price fell over 40% in the last 12 months, there are also some bullish signs. It
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