Experts Favor Toncoin, DTX Exchange, and Ethereum for Gains

Experts in the crypto market are placing their bets on Toncoin, DTX Exchange, and Ethereum for significant profit potential.

The cryptocurrency market is picking up momentum again with the collaboration of PayPal and Venmo with ENS for crypto transactions. In this context, traders are on the lookout for cryptocurrencies poised for sharp increases. Analysts believe they have identified the perfect candidates: Toncoin, DTX Exchange, and Ethereum.

Recently, a notable comment about Toncoin was made by Xeusthegreat, along with DTX Exchange launching its L1 blockchain. Well-known crypto analyst Fred also expressed optimism about Ethereum. Let’s take a closer look at these cryptocurrencies.

Toncoin: Time to invest again

Recently, crypto analyst Xeusthegreat made a positive remark regarding Toncoin. According to his post on X, it’s an opportune moment to reinvest in this cryptocurrency. This conclusion is based on the TON Foundation’s recent contribution of an additional $24 million worth of TON to its DeFi Incentive program.

The price of Toncoin experienced a more than 10% increase on the weekly chart. Moreover, Toncoin is currently trading above its 10-day EMAs, which may lead to increased buying activity.

Consequently, analysts have revised their Toncoin price forecast, predicting that it will reach $6 by the end of October 2024.

DTX Exchange: Launch of L1 Blockchain creates excitement

DTX Exchange is making headlines in the crypto industry. Its ongoing presale has been impressive, having raised over $2.5 million so far. Projections suggest that this figure could reach $3 million before the end of September. Recently, DTX Exchange also unveiled its L1 blockchain, which will act as the backbone for its forthcoming trading platform.

This trading platform has garnered attention. Even YouTuber Crypto Chino stated to his 250k subscribers that DTX Exchange might be the leading platform available. DTX Exchange allows users to trade over 120k asset classes, including bonds, cryptocurrencies, and FX, with leverage up to 1000x. Coupled with transaction speeds of just 0.04 seconds and no KYC sign-up requirements, DTX Exchange possesses a distinct advantage over competitors like Coinbase or Binance.

The DTX utility token enhances its appeal. Holding this token provides users with improved analytical tools and governance voting privileges. It is currently valued at $0.06 in Stage 3 of its presale—a 200% increase from its initial price of $0.02. Expectations are that this value will rise to $0.08 after the conclusion of Stage 4. Analysts predict a potential 70x increase once DTX is listed on a Tier-1 exchange before the end of 2024.

Ethereum: Analyst maintains bullish outlook

Meanwhile, crypto analyst Fred has also shared some promising insights regarding Ethereum. In his post on X, he indicated that ETH is among the long positions he will consider as soon as a bottom is established.

Ethereum’s price dropped nearly 5% over the past week. However, momentum is expected to recover as VanEck has announced the closure of its ETH ETF to favor the ETH ETP. This change will provide investors with direct exposure to the live price of Ethereum while reducing costs.

Due to these factors, analysts predict that Ethereum’s price will reach $2,500 by the end of this year.

Toncoin vs. DTX Exchange vs. Ethereum

Toncoin, DTX Exchange, and Ethereum are all cryptocurrencies with the potential to rise significantly soon. However, DTX Exchange appears to have a competitive edge. Its connections to the $133 trillion bond market lend it long-term stability while possessing a smaller market cap compared to other cryptocurrencies. Therefore, DTX requires less new investment for its price to increase.

To find out more, visit the presale page, check out the official DTX website, and join the DTX community.