Matt Hougan, the CIO of Bitwise, says, “We’re not bullish enough” about crypto. The blog post is causing quite a bit of hype in the crypto community. His bold statement shows that more experts believe the crypto market will grow.
Here are five hot cryptocurrencies to watch as traders look to ride on their wave: DTX Exchange (DTX), XRP, Toncoin (TON), Cardano (ADA), and Mantle (MNT). While most are top crypto coins, DTX Exchange is a Stage 2 presale rookie that has soared by 100%. Certain analysts have even pegged it as the next 100x crypto in 2024.
DTX Exchange (DTX): The Overall Best Coin To Invest In
First, we will discuss DTX Exchange (DTX), one of the most talked-about presales. Its performance has been stellar – raising over $1.1M so far and on track to hit $2M before the end of August 2024. This achievement has not gone unnoticed; even major crypto influencers like Crypto Legends have said that DTX Exchange could redefine online trading.
DTX Exchange aims to create a new trading experience by combining the best of CEX and DEX. This next-gen platform will enable trading with up to 1000x leverage across more than 120K different asset classes, such as crypto, stocks, and bonds. DTX Exchange is also perfect for people who want anonymity, as KYC checks are not required during sign-up.
The DTX utility token is the core of the DTX Exchange ecosystem. Token holders get access to better analytics tools, vote in governance matters, and enjoy lower trading fees, among other benefits. To boost participation further, $1M has been set aside for a giveaway, in which ten buyers of $100 worth of DTX during the presale stand a chance at winning $100K each.
Currently, in Stage 2 of its presale, one DTX costs just $0.04. But, this price will rise to $0.06 once Stage 3 begins – a 50% ROI for all who buy it now. Due to all these reasons, market analysts remain bullish. They forecast a potential 100x surge for DTX after a Tier-1 CEX lists it in Q3 of 2024 – making it the best crypto to watch.
Ripple (XRP): Major Analyst Remains Bullish
Next, we will discuss Ripple (XRP), which has seen some volatility recently. Over the past 12 months, the Ripple price dropped over 10%, according to CoinMarketCap data. However, crypto analyst Ed_NL made a bold statement. In his X post, he predicts that the XRP value will drop to $0.52 before skyrocketing to $0.73 soon.
The technical analysis of the Ripple crypto supports this claim. For instance, XRP trades above its 100 and 200-day EMAs while having 29 green technical indicators. As a result, other market analysts have also made a bullish Ripple price prediction. They foresee its value reaching $0.70 before Q3 of 2024 ends, which makes XRP one of the best cryptos to buy.
Toncoin (TON): Pavel Durov Launches Telegram Browser
Toncoin (TON) Is another good crypto to buy that has seen some exciting developments. Recently, Pavel Durov revealed that he launched the Telegram Browser. This event is big since it will open up the TON-based Web3 world for over a billion users.
This major Toncoin news could cause a rally for this crypto. Speaking of which, the Toncoin crypto value rose over 470% in the past year alone. Moreover, around 18 technical indicators are in the buy zone for TON while it trades above its 50 and 100-day EMAs. Due to all these reasons, experts in the crypto field foresee Toncoin soaring to $7.50 within Q3 of 2024.
Cardano (ADA): Bulls Take Charge
We must mention Cardano (ADA) in second-to-last place. The latest weekly report from CoinShares on digital asset fund inflows shows an impressive jump in investments in the Cardano ETP, which hit $1.2M. This remarkable performance puts it second among all cryptocurrency ETPs.
Not only that, the Cardano coin value increased by over 25% in the past 12 months. Furthermore, ADA boasts four technical indicators in the buy zone. As a result of this Cardano news and indicators, market analysts predict it will trade at $0.53 before the end of Q3 2024.
Mantle (MNT): MetaCene Partnership
Last, we will discuss Mantle (MNT), one of the top crypto coins at the moment. Recently, Mantle announced that it will collaborate with MetaCene to build a new universe on this blockchain MMORPG.
This bullish Mantle news could trigger a rally for this coin. The Mantle crypto value has jumped over 35% in the past year alone. Moreover, MNT trades above its 50-day EMA with six green technical indicators. As a result, experts foresee a surge to $1.17 within Q3 of 2024 for Mantle.
Closing Thoughts on the Best Cryptos To Buy Now
Bitwise CIO Matt Hougan’s bullish outlook suggests the cryptocurrency market is teeming with opportunity. DTX Exchange, Ripple, Cardano, Toncoin, and Mantle are bound to skyrocket in this environment. However, one of them has an advantage – DTX Exchange.
This rookie boasts many connections to trillion-dollar financial markets, such as the $133T bonds one, and a lower market cap than its peers. In other words, DTX will need far fewer new funds for its price to surge while remaining more stable in the long run. If you wish to obtain the best coin to invest in, follow the links below.
