Currently, the market is in consolidation mode, and major coins like THORChain (RUNE) and Fantom (FTM) have moved in a range with slight increases since last week. One reason for choppiness was macroeconomic events like the Japan interest rate hike and war news, but now everything is cooling off, and the market is ready for a new move.
However, it is important to detect which coins can give exponential returns. According to crypto experts, DTX Exchange (DTX) is the top contender for the biggest rally in 2024.
THORChain (RUNE) Above 20 Period Moving Average
In early August, THORChain (RUNE) saw a sharp fall of around 40% and consolidated for nearly 8 days before breaking out. Now, the THORChain (RUNE) price has crossed the crucial $3.5 resistance level and also has come above the 20-day moving average. The price moving above the short-term MA indicates the weakening of selling in THORChain (RUNE).
However, there are various hurdles for THORChain (RUNE). The first one is the $3.9 level, which it has just rejected. The next major resistance level is $4.3. If THORChain (RUNE) fails to hold the current levels, the main downside supports are—$3.3 and $3.9.
Reversal Fails in Fantom (FTM) After Sharp Fall
Similar to THORChain (RUNE), Fantom (FTM) also fell over 50% in 15 days and made the bottom of $0.26 on 5th August. From there, Fantom (FTM) showed a choppy price action. It tried to break above the $0.4 level but failed to hold it after the selling came. However, the volume of the sellers in Fantom (FTM) was below average, suggesting lower seller participation.
The formation of a a bear flag is another danger for the Fantom (FTM) price, a break of which can push the price for another bear leg. Fantom (FTM) holders are slowly moving in DTX as the potential for utility coins increases.
DTX Exchange Rapidly Increasing Market Share
The number of traders and investors is increasing with advancements in technology, and the adaptation of cryptocurrencies is increasing exponentially.
The blockchain’s decentralized and permissionless nature means no KYC (Know Your Customer) is needed. DTX allows people to trade a wide range of assets, such as shares, forex, equities, bonds, CFDs, and other leveraged products, with complete freedom—without oversight or restrictions.
The platform doesn’t just promise gains; it aims to revolutionize the $10 billion global trading market. It will be a unique platform that combines the best aspects of centralized and decentralized exchanges. With 1000x leverage, investors can achieve massive gains with minimal capital.
These features have already helped DTX raise nearly $1.3 at the start of stage 2 of its presale. Priced at $0.04, the DTX token is an attractive opportunity for investors, given the strong presale performance and undervaluation.
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