With the expected introduction of an Ethereum ETF, the crypto market is ready to hit a big target. The creation will see a lot of mainstream interest in this space, which in turn will make some coins explode in value. Here are analysts’ top crypto coins that could rise after this event: DTX Exchange (DTX), Chainlink (LINK), Solana (SOL), Arbitrum (ARB), and Cardano (ADA).
DTX Exchange (DTX): The Best Cryptocurrency To Buy Now
First, DTX Exchange (DTX) is a new token gaining tremendous attention in its ongoing presale. So far, it has raised over $500,000 and is on pace to reach $1M before the month. Additionally, early buyers are already seeing a 100% ROI. But, with the expected Ethereum ETF approval and an increase in interest for cryptos, this percentage could skyrocket.
DTX Exchange taps into the online trading sector, which is projected to reach $16.71B by 2032. It accomplishes this with its hybrid trading exchange, which combines the best CEX and DEX features. Thus, traders are gravitating towards this platform, which offers 1000x leverage, over 120,000 asset classes (stocks, gold, cryptos, etc.), and complete privacy with no KYC checks.
The DTX token is fundamental to this platform and is needed for many perks. If they stake it, DTX holders will receive access to enhanced analytics, loyalty rewards, and governance voting rights.
Currently, DTX is worth just $0.05 in Stage 2 of its presale. Once Stage 3 begins, it will rise to $0.06 – a 50% jump if you buy it now. Additionally, experts in the crypto field forecast a potential surge to $1 once a Tier-1 CEX lists this crypto in Q3 of 2024. Due to all these reasons, DTX emerges as the best coin to invest in.
Chainlink (LINK): Whale Activity May Trigger a Rally
Chainlink (LINK) is another good crypto to buy before an Ethereum ETF approval, as its value has been rising recently. CoinMarketCap data shows that the Chainlink price soared over 150% in the past year alone. This bullish trend is projected to continue as Santiment reports that there are over 564 100K+ LINK holders – a 4.6% rise in just five weeks.s
Moreover, the Chainlink coin trades above its 100 and 200-day EMAs while boasting 26 green technical indicators. As a result, prominent market analysts have made a bullish Chainlink price prediction. They foresee a jump to $23 within Q2 of 2024 for Chainlink.
Solana (SOL): Inmortal Makes a Bullish Price Prediction
Third on our top crypto coins list is Solana (SOL). According to CoinMarketCap data, the Solana price surged over 750% in the last 12 months. Crypto analyst Inmortal predicts that this bullish trend may continue. He likened this crypto’s growth to Ethereum’s in 2021. According to him, SOL may trade at $360 soon.
The technical analysis also supports this Solana price prediction. For example, Solana is trading above its 100 and 200-day EMAs. Furthermore, 27 technical indicators are in the buy zone at this moment. Because of this, experts predict Solana trading at $156 before the end of Q2 2024. This makes SOL another one of the best cryptos to buy before an Ethereum ETF approval.
Arbitrum (ARB): TD Sequential Indicator Showing Bullish Signs
Arbitrum (ARB) is another good crypto to watch before an Ethereum ETF approval comes. On the YTD chart, the Arbitrum price dropped 15%. However, crypto analyst Ali Martinez remains bullish. In his X post, he states that the TD Sequential for the Arbitrum crypto is showing a buy signal on its weekly chart, which may trigger a one—to four-candlestick rebound.
From a technical analysis standpoint, this prediction may occur. Arbitrum trades above its 50-day EMA, while six technical indicators are in the buy zone. Because of all these factors, market analysts have made a bullish Arbitrum price prediction. They forecast that ARB will reach a value of $1.41 within Q2 of 2024.
Cardano (ADA): May Rally by 15x
Finally, we will mention Cardano (ADA), a cryptocurrency that has been riding a bullish wave. CoinMarketCap data shows that the Cardano price increased nearly 30% in the past 12 months. According to crypto analyst Javon Marks, this bullish trend is bound to continue. His X post states a potential surge to $7.80 for this cryptocurrency soon.
As the Ethereum ETF approval date is also approaching, this Cardano price prediction could come true sooner rather than later. Currently, the Cardano coin is trading above its 200-day EMA and has 14 green technical indicators. Because of this, experts predict a surge to $0.67 for Cardano before Q2 of 2024 ends.
What Is a Cryptocurrency?
Cryptocurrencies are digital currencies that employ encryption techniques for security and are carried out over decentralized networks. Unlike conventional currencies, they are not issued by any central bank, which makes them unique.
Should You Buy Cryptocurrencies?
Here are some reasons why you should consider buying cryptocurrencies:
- Decentralization: Since cryptos operate in a decentralized manner, they do not have to worry about bank or government interference.
- High returns: During bull markets, cryptocurrencies can bring you tremendous ROI.
- Hedge against inflation: Various traders view cryptos as a hedge against inflation.
Conclusion on the Best Cryptos To Buy
The cryptocurrency market is about to experience a significant shift with the introduction of a US Ethereum ETF. DTX Exchange, Chainlink, Solana, Arbitrum and Cardano may become the best cryptos in this environment. However, DTX Exchange stands out thanks to its ties to the growing FX market worth $2409T. Thus, its long-term growth potential is way bigger.
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