Regulation
Ripple CEO Urges Traders to Prepare; Why Analysts Are Bullish on These 5 Undervalued Cryptocurrencies
Ripple CEO Brad Garlinghouse said that the future of US cryptocurrency regulation depends on the 2024 elections. However, in such a context, analysts note that many low-cost coins are expected to grow very rapidly in the near future.
Here are five tokens that are generating a lot of excitement among traders: DTX Exchange (DTX)Stellar (XLM), Cardano (ADA), Jupiter (JUP), and Fantom (FTM). While many established cryptos are showing green on the price charts, DTX Exchange is a rookie. But this Phase 2 presale star has soared 100% and could become the next $1 crypto in 2024.
DTX Exchange (DTX): Presale attracts worldwide attention
DTX Exchange (DTX) has become one of the major players in the cryptocurrency market thanks to its good pre-sale results. Having already raised over $1 million, it is on track to reach $2 million before the end of July 2024. This achievement has not gone unnoticed by influential YouTube channels such as Crypto Voltwho believe that this crypto could revolutionize online trading.
What makes DTX Exchange unique is its hybrid trading model, which combines CEX and DEX. This allows users to trade up to 120,000 assets, including gold, bonds, and cryptocurrencies, without any mandatory KYC. These features will greatly appeal to privacy-conscious traders, and could attract millions of people.
The DTX utility token underpins everything that happens on this platform, granting its holders various privileges. By holding this crypto, you will have access to advanced analytical tools, reduced trading fees, and much more. You will also be entered into a $1 million contest if you buy $100 worth of DTX during its presale. Ten people will each win $100,000 in this contest, a major incentive.
Currently, DTX is only $0.04 as it is in Phase 2 of its presale. Those who bought it early are getting a 100% ROI. But that price will jump to $0.06 once Phase 3 begins – a 50% ROI if you buy it now. For all these reasons, market analysts are predicting a rise to $1 once a Tier 1 CEX lists DTX in Q3 2024 – making it the best crypto to watch.
Stellar (XLM): A Bold Statement
Stellar (XLM) is a cryptocurrency that is considered undervalued with plenty of room for growth. Recently, on its X platform, Stellar announced that it will be responsible for the next wave of DeFi. On the price charts, the value of the Stellar coin has fallen by almost 25% in the past year alone.
However, Stellar’s technical analysis paints a more optimistic picture. For example, about 18 technical indicators are in the buy zone for XLM. Due to all these bullish news and indicators regarding Stellar, market analysts remain confident in its growth. They predict a rise to $0.14 during the third quarter of 2024 for this cryptocurrency.
Cardano (ADA): Could reach $13
Next, we will discuss Cardano (ADA), another powerful force in the cryptocurrency market. According to CoinMarketCap DataOver the past 12 months, ADA’s price has increased by more than 30% and Cardano’s market cap has grown from $10 billion to $15 billion. Analyst TapTools’ Claims that Cardano coin could reach the $13 level if history repeats itself.
ADA technical analysis also confirms this statement. Notably, 15 technical indicators are in the green for Cardano. As a result, experts in the cryptocurrency field have made a bullish forecast for Cardano’s price. They predict a jump to $0.58 before the end of the third quarter of 2024.
Jupiter (JUP): On Track to Hit $10
Jupiter (JUP) is another cryptocurrency that is moving in the green. CoinMarketCap Data shows that JUP price has increased by more than 35% on the YTD chart. Crypto Analyst Browski says that Jupiter could jump to $10.
From a technical analysis perspective, the future of Jupiter cryptocurrency looks bright. For example, about 15 technical indicators are in the buy zone for this cryptocurrency. Market analysts consider all these factors when making their Jupiter price predictions. Thus, they predict that JUP will trade at $1.26 during the third quarter of 2024.
Fantom (FTM): New partnership with Alchemy
Finally, we will talk about Fantom (FTM), a cryptocurrency that has been making headlines recently. Notably, Fantom announced that it will partner with Alchemy. With this development, Alchemy will be a key launch partner for Sonic. It will also enable access to private and public RPC endpoints.
The value of Fantom cryptocurrency has increased by more than 80% in the last 12 months and the market capitalization of Fantom has also jumped from $700 million to $1.30 billion. In addition, four technical indicators are in the buy zone. Due to these news and indicators regarding Fantom, experts predict a rise to $0.62 before the end of Q3 2024.
Final Remarks on These Promising Undervalued Tokens
DTX Exchange, Cardano, Jupiter, Stellar, and Fantom seem promising enough to grow exponentially. But DTX Exchange has an advantage: a small market cap and connections to multi-trillion dollar financial markets. To clarify, DTX will skyrocket faster than its peers and remain more stable in the long run. If you want to buy it, sign up for its presale using the links below.
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the reliability, quality and accuracy of the materials contained in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.