Altcoin
VanEck file for a Solana ETF; Here are 5 Altcoins to watch for massive returns amidst this hype
VanEck has filed paperwork for the first Solana ETF in the United States, sparking excitement in the cryptocurrency market. As this buzz continues, savvy traders look to high-yield altcoins that could dominate the summer months. Here are the altcoins to keep an eye on: DTX Exchange (DTX)Toncoin (TON), NEAR Protocol (NEAR), THORChain (RUNE) and Tron (TRX).
DTX Exchange (DTX): among the best altcoins of the moment
DTX Exchange (DTX) is quickly becoming a household name in the altcoin space. Even the well-known trader Sniper in Training has made a bullish statement about this cryptocurrency. In his post Xclaims that those who purchase this altcoin now will soon see a 50% ROI as its value goes from $0.04 to $0.06.
DTX Exchange boasts a revolutionary hybrid trading system that combines DEX and CEX. With this flexible exchange, users have access to over 120,000 asset classes, ranging from stocks and bonds to cryptocurrencies, with leverage of up to 1000x. Additionally, it does not require KYC registration checks, which could make it a favorite among privacy-conscious traders.
The core of the platform revolves around the DTX utility token. This altcoin has many uses, such as offering holders discounted fees and access to advanced analytics tools. Additionally, anyone who purchases $100 worth of DTX during its pre-sale will be entered into a $1 million giveaway, where ten lucky people will each receive $100,000 worth of DTX.
The DTX pre-sale brought in nearly $800,000, and if things continue to go as they are, by July 2024 it could hit $1 million. Currently, the price of this altcoin is $0.04 as it is in Phase 2 of its pre-sale, a 100% ROI for those who purchased it early. But demand is so high that experts predict a 100x surge once a Tier 1 CEX lists DTX in Q3 2024, making it one of the top altcoins.
Toncoin (TON): another milestone achieved
Toncoin (TON) is another altcoin that has been on the rise recently. In particular, Toncoin announced which has reached a new milestone: over 2 million followers on the social media platform X. This achievement shows the level of interest people still have in this altcoin and its potential growth.
By the way, Toncoin value has increased by more than 450% on the YTD chart. Also, this altcoin is trading above its 50-day and 100-day EMAs while having 26 green technical indicators. Due to all these news and signals about Toncoin, market analysts predict that its value will rise to $8.20 before the end of Q2 2024.
NEAR Protocol (NEAR): The bottom is very close
Next, we will talk about NEAR Protocol (NEAR), one of the main altcoins of the moment. Second CoinMarketCap datathe price of NEAR protocol has increased by over 250% in the last year alone. Crypto analyst AMCrypto says this bullish trend will continue. In his post Xclaims that NEAR has retested the $4.5 support level, which could trigger a rally ahead.
The technical analysis for NEAR Protocol coin supports this statement. For example, NEAR is trading above its 50-day and 100-day EMAs while having five technical indicators in the buy zone. Due to all these factors, crypto experts have made a bullish prediction for NEAR Protocol price to reach $6.37 by Q2 2024.
THORChain (RUNE): A high-potential altcoin
We will also mention THORChain (RUNE) in the penultimate place. Recently, the CEO of Coin Bureau, Nic, shared a snapshot of the top 20 high-potential cryptocurrencies for Q3 2024 according to Grayscale. THORChain was one of the altcoins that earned a place on this list. This bullish news on THORChain could trigger a rally for this cryptocurrency soon.
The value of the THORChain cryptocurrency has increased by more than 300% in the last 12 months. Furthermore, RUNE is trading above its 100-day and 200-day EMAs. All these bullish factors have led experts to predict that the price of this altcoin will reach $5.76 before the end of the second quarter of 2024.
Tron (TRX): New breakthrough coming
Finally, we will mention Tron (TRX), a significant force in the altcoin space. Second CoinMarketCap dataTron price has jumped more than 60% in the last 12 months. Cryptocurrency analyst Dyor says this recovery will continue. In his post Xsays that there could be a new potential upside for this altcoin.
Even from the point of view of technical analysis, the future of the Tron coin appears bright. Currently, TRX is trading above its 100-day and 200-day EMAs, as 28 technical indicators are flashing green. Therefore, market analysts say TRX will trade at $0.15 by Q2 2024 in their Tron price predictions.
Closing Remarks on the Best Altcoins to Buy
While the cryptocurrency market is abuzz with the unveiling of VanEck’s Solana ETF, these altcoins are set to rise. However, DTX Exchange distinguishes between Toncoin, NEAR Protocol, THORChain and Tron. This rookie has a low market capitalization and is tied to the $133 trillion bond market, meaning it will remain stable even in turbulent times. To buy one of the best altcoins, follow the links below.