Altcoins
VanEck Files Solana ETF; Here Are 5 Altcoins To Watch For Massive Returns Amidst The Hype
VanEck has filed paperwork for the first Solana ETF in the United States, sparking excitement in the crypto market. As this buzz continues, savvy traders are looking for high-yielding altcoins that could dominate the summer months. Here are the altcoins to watch: DTX Stock Exchange (DTX)Toncoin (TON), NEAR Protocol (NEAR), THORChain (RUNE) and Tron (TRX).
DTX Exchange (DTX): Among the Best Altcoins of the Moment
DTX Stock Exchange (DTX) is quickly becoming a household name in the altcoin space. Even famous trader Sniper in Training has made an optimistic statement about this crypto. In his post Xhe states that those who buy this altcoin now will soon see a 50% return on investment as its value increases from $0.04 to $0.06.
DTX Exchange features a revolutionary hybrid trading system that combines DEX and CEX. Through this flexible exchange, users have access to over 120,000 asset classes, ranging from stocks and bonds to cryptos, with leverage of up to 1,000x. Moreover, it does not require any KYC verification for registration, which could make it a favorite among privacy-conscious traders.
The core of the platform revolves around the utility token DTX. This altcoin has many uses, such as offering holders reduced fees and access to advanced analytics tools. Additionally, anyone who purchases $100 worth of DTX during its presale will be entered into a $1 million contest, where ten lucky people will each receive $100,000 worth of DTX.
The DTX presale raised nearly $800,000 and if things continue as they are, by July 2024, it could reach $1 million. Currently, the price of this altcoin is sitting at $0.04 as it is in stage 2 of its presale – a 100% ROI for those who bought it early. But the demand is so high that experts predict a 100x increase once a Tier 1 CEX lists DTX in Q3 2024, making it one of the top altcoins.
Toncoin (TON): a new milestone reached
Toncoin (TON) is another altcoin that has seen recent growth. Notably, Toncoin announced that it reached a new milestone: over 2 million followers on social media platform X. This feat shows the level of interest people still have in this altcoin and its potential growth.
Speaking of which, Toncoin’s value is up over 450% on the YTD chart. Additionally, this altcoin is trading above its 50 and 100 day EMAs while having 26 green technical indicators. Due to all these Toncoin news and signals, market analysts predict that its value will rise to $8.20 before the end of the second quarter of 2024.
NEAR Protocol (NEAR): The bottom is very close
Next, we will discuss NEAR Protocol (NEAR), one of the best altcoins around. According to CoinMarketCap dataThe price of NEAR protocol has increased by more than 250% in the past year alone. Crypto analyst AMCrypto claims that this bullish trend will continue. In his posthe claims that NEAR has retested the $4.5 support level, which could trigger an upcoming rally.
Technical analysis of the NEAR Protocol coin confirms this statement. For example, NEAR is trading above its 50 and 100 day EMAs while having five technical indicators in the buy zone. Due to all these factors, experts in the cryptocurrency field have made a bullish price prediction for NEAR Protocol – reaching $6.37 during the second quarter of 2024.
THORChain (RUNE): an Altcoin with strong potential
We will also mention THORChain (RUNE) in the penultimate place. Recently, the CEO of Coin Bureau, Nick, shared an image of the 20 cryptos with high potential for the third quarter of 2024 according to Grayscale. THORChain was one of the altcoins that captured a spot on this list. This bullish news from THORChain could soon trigger a rally for this crypto.
THORChain’s crypto value has increased by over 300% in the last 12 months. Moreover, 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 Q2 2024.
Tron (TRX): a new step to come
Finally, we will mention Tron (TRX) – a significant force in the altcoin space. According to CoinMarketCap Data, the price of Tron has jumped more than 60% in the last 12 months. Crypto analyst Dyor says this recovery will continue. In his post Xhe states that a potential new breakthrough is coming for this altcoin.
From a technical analysis perspective, the future of Tron coin also looks bright. Currently, TRX is trading above its 100-day and 200-day moving averages as 28 technical indicators are flashing green. Thus, market analysts claim that TRX will trade at $0.15 during Q2 2024 in their Tron price prediction.
Final Remarks on the Best Altcoins to Buy
As the crypto market is abuzz with VanEck’s Solana ETF filing, these altcoins are bound to rise. However, DTX Exchange stands out among Toncoin, NEAR Protocol, THORChain and Tron. This rookie has a low market cap and is tied to the $133 trillion bond market, meaning it will remain stable even during turbulent times. To buy one of the best altcoins, follow the links below.