The crypto market has been volatile these past few days, linked to the US election. While the consensus is that a Trump presidency will be bullish for crypto—it is understandable given his pro-crypto stance—a Kamala victory doesn’t spell doom either. This post will cover the Solana (SOL) price outlook and how high it can go this quarter.
Meanwhile, the Toncoin (TON) struggle continues as it falls below $5. But is a comeback close? On the other hand, DTX Exchange (DTX), a new altcoin at the crossroads between TradFi and DeFi, exploded past $6.6 million in early funding, highlighting growing investor confidence and trust.
DTX Exchange (DTX): A New DeFi Project Stirring Much Buzz
DTX Exchange (DTX) is one of the latest sensations in the crypto world, shaking up the investment town. Its appeal revolves around a hybrid trading platform that offers the best of the worlds of CEX and DEX while standing at the crossroads between traditional and decentralized finance.
Given the above, it is poised to reshape the global trading scene, valued at $10.3 billion in 2023. Its one-stop trading platform will meet all trading needs, from trading thousands of diverse asset classes—stocks, ETFs, forex and cryptos—to enjoying features like 1,000x leverage, wallet-based trading and non-custodial storage solutions.
With a token priced at $0.08 in the fourth ICO round, it presents a good entry to what has been hailed as the best new crypto to invest in. Top analysts predict a 65x jump in value after listing on Tier-1 exchanges, positioning it as a more compelling alternative than top altcoins like Solana (SOL) and Toncoin (TON).
Solana (SOL): Potential Jump Above $200
Solana (SOL), one of the leading altcoins, is a popular name in the crypto landscape. It ranks among the top 5 cryptocurrencies in the market and is behind only Ethereum and BNB on the altcoin list. Moreover, it plays a key role in the scene as a DeFi platform, contributing to its growth as one of the top crypto coins.
The past few days have been a rollercoaster for the DeFi token as it tumbled amid growing uncertainty around the US election. The Solana price nosedived from the week-high of $183 to retailing above $158—a 10% decline. However, top analysts believe this is a mere bump along the way, doubling down on its bullish outlook this quarter.
TradingView’s Williams percent range (14) is at −87.35, a bullish indicator, the same as the Bull Bear Power, which is at −13.77. Moreover, the simple moving average (50) reads 154.79, suggesting future upswings. According to these indicators, Solana (SOL) is on track for a jump above $200 in Q4, soaring past its March high.
Toncoin (TON): Trades Below $5
The Toncoin (TON) struggles continue. It has been downhill for the Telegram-based cryptocurrency since its sharp decline in August, caused by the arrest and indictment of Pavel Durov, Telegram CEO. While there have been weak attempts at a rally, it trades below August’s high of $7.
Moreover, it had one of the best performances in the first half of the year—an all-time high of $8.2 from a low of $2.0. However, it has nosedived over 40% since then. The Toncoin price plunged over 6% in the past 7 days, suggesting declining interest.
The MACD level (12, 26) is at −0.13321222, a bearish signal, with moving averages also pointing to a strong sell. However, the coming days after the US election might usher in relief and a fresh bullish wave. Hence, at the current low price, Toncoin (TON) might be one of the best coins to invest in.
Conclusion
The DeFi token Solana (SOL) is tipped to soar past $200 in Q4, positioning it among the altcoins to watch. Meanwhile, Toncoin (TON) falters, trading below $5, while DTX Exchange (DTX) explodes, on track for a 65x jump after its debut. Given its blend of TradFi and DeFi and its hybrid trading platform, it is a new altcoin worth keeping on the radar.
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