While planning toward the fourth quarter of 2024, the smart investor is assessing the best cryptocurrencies to invest in. Some of the coins many of them are looking at are TRON (TRX), Cardano (ADA), and the DTX Exchange.
Some analysts confidently predict an explosive rise in their prices, making them the best cryptos to buy at the moment. The token price of the Tron token is predicted to reach $0.195232 and Cardano (ADA) may hike to $0.50. Also, DTX Exchange is expected to soar by 10x in the coming months.
Tron (TRX) Part of Breakthrough in Cross-Chain Transfers
According to a recent report, the Tron (TRX) network has taken part in a historic moment in terms of blockchain interoperability. LayerZero_Core and Ambient_Global just conducted the first transfer of DogwifCoin from Solana to Tron (TRX). This is a major milestone in the blockchain sector, which could shape the transfer of coins from one chain to another.
Presently, Tron coin remains bullish on the monthly timeframe, maintaining its position above the 50-SMA ($0.146075) and 200-SMA ($0.131126). The altcoin has recorded some losses in the past month due to profit-taking by investors. Yet, most of the technical indicators, including the 14-day RSI, are bullish. Analysts forecast the value of Tron crypto might rally to $0.195232 before the year runs out.
Helix Labs To Unlock $12 Billion Worth of Cardano (ADA) Liquidity
Helix Labs has just raised $2m from a pre-seed funding round, a move which has raised its valuation to $40m. These funds will be used to expand the Cardano (ADA) integration across the DeFi market, which will open up high liquidity. This innovation is expected to release up to $12 billion worth of Cardano (ADA) liquidity. In other news, Cardano coin is showing profits of 13% on the weekly timeframe and 12% on the biweekly timeframe.
Its market cap is consolidating between $11 billion and $14 billion. The Cardano price could rise to test the resistance at the 200-SMA ($0.462728) in the coming weeks. If this happens, the altcoin price is expected to go higher. Analysts say the value of Cardano crypto could pump to $0.50 before the end of this year. However, the market could be unstable, and any bearish movement could invalidate this forecast.
DTX Exchange (DTX) Price Prediction for 2024
DTX Exchange (DTX) has effectively created a presence in the crypto market. At the outset, those who bought it have now achieved a 200% profit on their asset. The price of DTX Exchange is now $0.06, and predictions show it might increase by another 10x before the year ends. This exchange revolutionized trading by allowing investors to trade cryptocurrencies as well as assets like stocks, options, indices, and ETFs.
The platform brings together the leading benefits of both centralized and decentralized exchanges. The combination permits investors to relish the best of both situations, having quick transactions and low charges, high liquidity and leverage, and the option for anonymity when trading.
This anonymous trading is the unique factor that differentiates DTX Exchange from other trading platforms such as Binance and OKX. The framework requests only an email and password rather than KYC checks. The platform makes it easier to fund accounts by supporting various withdrawal and deposit options.
Final Thoughts on the Best Coins To Invest in This Year
In 2024, investing wisely in cryptocurrencies could lead to major returns. Luckily, analysts have picked Tron (TRX), Cardano (ADA), and DTX Exchange as the coins every investor should buy. They believe DTX Exchange can give massive gains despite being a newcomer in the crypto space.
Learn more:
