The crypto market has been experiencing a major uptick in the past week. The price of Bitcoin could reach $100k soon. Analysts believe an altseason could be on the horizon.
In the coming altseason, they forecast the price of Avalanche (AVAX) to reach $130 and Near Protocol to touch $16. Meanwhile, a new coin called DTX Exchange (DTX) is gaining attention following a price pump of 400%. Experts say its price could rise by 10x in the coming months.
Avalanche (AVAX) Could Hit $130 This Cycle Based On Historical Pattern
In a recent tweet, top analyst Grronk argued that the price of Avalanche (AVAX) could pump to $130 before the end of this cycle. According to him, the Avalanche crypto does not have a quarter of the momentum it had last year. At the time, the Avalanche price increased from $10 to $50.
Grronk believes the bullish sentiment surrounding AVAX is enough to push it to $130. In the meantime, the Avalanche coin is consolidating between $31 and $37 on the weekly chart on CoinMarketCap. The cryptocurrency’s price has risen by 8.7% on the weekly timeframe and 27.9% on the monthly level.
The market cap of Avalanche (AVAX) is around the $12.5-$15 billion range, positioning AVAX among the top 15 cryptos in the market. The token’s Fear and Greed Index is in the Extreme Greed region. This signals high interest from buyers in the market.
Near Protocol (NEAR), Dubbed a Standout AI Coin
Analyst Seth recently highlighted Near Protocol (NEAR) as a standout coin in the Crypto AI category. With a steady weekly buy signal and rising RSI, he argued the value of the Near Protocol token could pump to new levels in the coming months. Seth says that these indicators could take NEAR’s price to $16 and then $50. According to his chart, the Near Protocol coin is trading in an ascending channel.
He noted a major support around the $3.6 region. At the moment, the Near Protocol price is trading around the $5-6 range. The altcoin price is up 4.1% on the weekly timeframe and 34.3% on the biweekly timeframe on CoinMarketCap. Most of its technical indicators, like the 14-day RSI, are bullish, hinting at a potential uptrend. On the flip side, Near Protocol (NEAR) has a support level around the 200-SMA ($5.32).
DTX Exchange: Bringing Multi-Asset Trading To the Masses
DTX Exchange (DTX) is a one-of-a-kind trading platform that offers over 120,000 tradeable instruments, including cryptocurrency, ETFs, equities, commodities, and bonds. This means DTX users can easily trade assets from the $714.7 trillion OTC derivatives market. It also blends features of CEX, which is fast and efficient, and DEX, which is more independent and private. This integration makes it easy for traders to deal with different portfolios without using different interfaces.
A peculiar feature of the DTX Exchange is the no-KYC policy, which allows traders to disclose their identity. This feature, coupled with the transaction speed of 0.04 seconds, makes both private and high-frequency traders find it suitable for their needs. Another key feature of the platform, the Phoenix Wallet, provides users with a single access point for storing and managing assets with a broad coverage of the financial instruments.
The DTX token can be used to get a trading fee discount, up to 15% APY on staking, and governance of the platform. Also, the VIP rebate system presents special bonuses for traders who are very active. At the moment, the DTX token has skyrocketed by 400% in presale to reach its current price of $0.10. Currently, the DeFi project has raised over $8.4 million in funding. According to analysts, the price of DTX could increase by 10x in the coming months.
Final Thoughts
Given the bullish sentiment in the market, analysts forecast the prices of Avalanche (AVAX), Near Protocol (NEAR), and DTX Exchange could reach new levels soon. Such potential gains make them the best coins to invest in now.
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