Over the past few months, the prices of top crypto coins like Toncoin (TON) and Bittensor (TAO) have gone down the charts. While the U.S. elections have caused a massive increase in price for TON and TOA, their long-term bearish streak has forced investors to seek alternative bullish tokens.
DTX Exchange (DTX) has been one of the biggest gainers. The price of DTX has increased by about 300% since the start of its blockchain ICO. Looking ahead, analysts forecast its value could also increase by 5x in the next few months. Such potential growth has made DTX Exchange a favorite among investors.
Toncoin (TON) Price Rebounds, Analyst Says Wave 5 Is Coming
Despite its connection with Telegram, the Toncoin crypto has been trading under bearish sentiment in the past month. The performance of the token has been underwhelming. According to CoinMarketCap, the value of Toncoin (TON) has dipped by 5.1% on the 7-day timeframe and 9% on the 30-day level.
Currently, the Toncoin price is trading below the $5 mark. Analysts say it must recover this level to increase the chances of an uptrend. However, the token’s 14-day RSI is at 30, which is a bearish sign. Nevertheless, analysts like CryptoBullet believe the ongoing correction could end soon.
In a recent tweet, he told his followers that Toncoin (TON) is testing previous areas for support. According to him, Wave 5 is coming soon, which might send the price of the cryptocurrency soaring up the charts. The analyst forecasts the value of the Toncoin token could soar to a target of $12-$15 in the coming weeks.
Bittensor (TAO) Price Starts Uptrend, Can It Wipe Current Losses?
While the rest of the market is in profit, Bittensor (TAO) is showing losses of 3.0% on the weekly timeframe and 20.1% on the monthly level. The value of the AI-focused altcoin has been on a downtrend in the past month after losing the $650 level, according to CoinMarketCap’s data.
However, the Bittensor crypto is showing upward movement on the daily charts. The token has triggered a bullish reversal and is pushing for a new wave. The Bittensor price has increased from $420 to $520, fuelled by the ongoing US elections.
Don.Inj forecast the value of the Bittensor coin could soar to $750 in the near future if the upward trend remains. The cryptocurrency’s 14-day RSI is currently rising and has crossed 40, a sign that more buyers are entering the market.
DTX Exchange (DTX) Price Ready for Another Potential 5x Surge
The recent performance of DTX Exchange (DTX) has been terrific, rising by more than 300%. The project has raised over $6.7 million in funding. Analysts predict the price of the DTX coin could soar by 5x from its current price of $0.08. DTX Exchange is revolutionizing the trading market by offering the best combination of CEX and DEX while providing users with the most efficient trading platform on the market.
Additionally, DTX’s architecture supports fast transactions characteristic of CEXs, but still incorporates essential features of DEXs like decentralization, creating a secure and user-oriented platform. DTX is also different from traditional exchange in that there is no need for the Know Your Customer (KYC) process to verify users’ identities, enabling people to trade anonymously.
Combining CEX efficiency with DEX autonomy, DTX Exchange provides an opportunity to trade forex, stocks, cryptocurrencies, ETFs, and other financial instruments. This feature makes it possible to trade various markets within a single interface. In a world where users want it all – convenience and control – DTX Exchange’s hybrid model could be the game-changer that investors need to enjoy a secure and fully integrated trading experience.
Conclusion
While Toncoin (TON) and Bittensor (TAO) are both losing steam, DTX Exchange is emerging as the new darling of investors. The platform’s hybrid model, absence of KYC, and potential price growth make it one of the best cryptos to buy now.
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