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The ongoing market turbulence caused by the upcoming halving event has caused speculations about the performance of various altcoins. Major tokens like Bitcoin, Ethereum, Solana, and many more have maintained a sluggish trend.
As the bears take hold of the market, the newly launched tokens show potential for growth and massive returns. Fantom, Ethena, and DTX Exchange have proved their growth potential by exhibiting a green candle for over a month.
The upward trajectory of these tokens has raised the question of the best token for massive gains.
Analysts Predict Ethena’s Price Surge
Ethereum’s synthetic dollar protocol, Ethena, has amassed a market capitalization of more than $2 Billion and may quickly establish itself in the top 50.
Given that the price of the ENA is following a sharp upward trend, the short-term trade is very bullish. The token consistently makes higher highs and lows, anticipating a small decline. Analysts predict it will make another higher low and then form the next ATH, which will be around $1.66.
The OBV is still trending upward, and the RSI is still bullish. Thus, it implies that there is sufficient room to grow, given the liquidity on the platforms. Moreover, rising whale activity and staking rewards make room for price surges shortly.
Whale-Driven Momentum Builds For Fantom
Fantom (FTM) is on the cusp of a market upswing as it approaches the pivotal $1 threshold. Significant whale activity supports this possible surge, and noteworthy buying patterns point to a bullish outlook. Investors and cryptocurrency enthusiasts are keeping a close eye on these developments, which may portend an impending price breakthrough for FTM.
Addresses with significant FTM holdings, ranging from 100,000 to 10 million tokens, have added more than 19 million FTM, or almost $19 Million, to their combined holdings last week. Whales’ aggressive accumulation is a warning sign that could move the market and raise the price of FTM.
The RSI indicator positions FTM in a potential bullish phase, with room for growth if the trend continues. Currently trading at $0.98, FTM is flirting with the crucial $1.00 mark. However, the DTX Exchange’s growth potential remains unparalleled proving it to be the best choice of investment.
DTX Exchange (DTX) Is The Best Choice For Massive Gains In 2024
Making waves in the DeFi space, DTX Exchange (DTX) employs a hybrid strategy that blends elements of decentralized and centralized exchanges. With its state-of-the-art setup and wide range of trading options, the platform provides traders with unmatched market opportunities.
The platform will offer users 1000X leverage without requiring KYC verification, making it the first large-scale exchange to do so. Distributed liquidity pools are also used to minimize slippage. Additionally, it benefits traders with low trading fees and the ability to participate in governance votes and proposals.
DTX Exchange’s non-custodial wallet strategy provides security and decentralization. In the event of a security breach, traders’ complete control over their private keys and digital assets is preserved. This dedication to personal accountability and ownership fits in perfectly with the project’s philosophy.
The ongoing presale presents marks a prime time for investors to be a part of DTX Exchange and play an integral role in shaping its future. With the total volume of decentralized exchanges reaching around $447 Trillion in the past 24 hours, DTX is poised to capitalize on this market opportunity, especially given its presale price of $0.02.
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
