The crypto market is more bullish than ever as Bitcoin skyrockets to a new ATH and is looking likely to finally hit the $100k level. As a result, the global crypto market cap of cryptocurrency has crossed $3 trillion. Analysts believe this is a bullish sign, and an altcoin rally could begin soon.
They predict the price of Dogecoin (DOGE) could pump to $2.40 while Tron (TRX) is expected to reach $0.30. At the same time, DTX Exchange, a hybrid coin, has attracted the interest of investors with its ongoing presale. They predict the value of the DeFi cryptocurrency may increase by 5x in the coming months.
Dogecoin (DOGE) Surpasses $0.35, Ali Charts Forecasts Rise To $2.40
Dogecoin (DOGE) is currently one of the best gainers in the market. The price of the memecoin has increased by more than 122% in the past week. While other cryptocurrencies like Tron are still struggling, the Dogecoin price has climbed above $0.400, increasing by over 270% in the last month, according to CoinMarketCap.
DOGE traded as low as $0.16 on November 5 but has now skyrocketed above $0.411. The latest US election and the shilling of Elon Musk are responsible for the positive sentiment that is reeling across the crypto market. Ali Charts forecast the Dogecoin crypto price could rally to new highs in the coming months. According to him, the token is trading within an ascending channel.
A break to the upside could push the value of the Dogecoin token to $2.40 or $18. The sentiment around the meme coin is currently bullish. The 14-day RSI has crossed the midline and is in the buying territory.
Tron (TRX) Price Could Pump To $0.3 If It Crosses Resistance
Tron (TRX) is showing sluggish price movement on the weekly and monthly timeframes. While other coins are showing double-digit gains, the Tron crypto has profits of just 3.8% on the weekly and monthly timeframes, according to CoinMarketCap. The altcoin has been trading between $0.160 and $0.168. Analysts expect the Tron price to cross the $0.17 mark in the next few days.
Surpassing this level could trigger a massive rally in the coming weeks. Dom’s Crypto believes Tron (TRX) could cross the $0.17 mark. Trader FOUR says that the value of the token may increase to $0.3. On the flip side, the value of the Tron coin could drop to the 50-SMA at $0.15967. However, the momentum around TRX is bullish. The 14-day RSI is above the 50 mark, a sign that bulls are still in charge.
DTX Exchange (DTX) Could Give Investors 5x ROI
Currently, in the presale stage, DTX Exchange is available for sale at $0.08. Analysts are tagging it as the best crypto to buy right now. They say its value could increase by 5x before the year ends. DTX Exchange’s hybrid layer-1 blockchain makes it unique with features such as 1000x leverage that can be very beneficial to traders who wish to increase their position. This high leverage allows them to earn more profit with little capital.
Interestingly, DTX also has a no-KYC policy. This means it does not require licenses or means of identification from its users. Additionally, DTX Exchange has a user-friendly and safe environment, which has attracted both professional traders and novices who want to trade assets from the $714.7 trillion OTC derivatives market. With this, traders can access over 100,000 financial instruments using a single DTX account.
Another one of DTX’s most customer-oriented solutions is the Phoenix Wallet. This is a non-custodial application that will be available on the Apple Store and the Play Store. Traders will be able to use the wallet to store their assets without depending on third-party providers.
Final Words
The crypto market is now in the middle of an exciting new phase as Dogecoin (DOGE), Tron (TRX), and DTX Exchange prepare for possible breakout performances. Investors who want to achieve astonishing returns should not sleep on these top altcoins, especially DTX.
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