Crypto Market Gears Up for Bullish Q4: SOL, DTX Exchange, and SHIB on the Rise
As the crypto market looks to close out September on a positive note, investors are eagerly anticipating a potential price rally in the fourth quarter. Leading the charge are some of the top altcoins in the market, including Solana (SOL), DTX Exchange (DTX), and Shiba Inu (SHIB), which have been showing promising on-chain metrics that could signal significant price increases.
Solana on-chain metric rises, price pump coming
One of the standout performers in the recent weeks has been Solana, with its on-chain activity seeing a notable increase. Data from DeFiLlama indicates that Solana has led the DeFi market in 7-day active addresses, experiencing an 8% uptick over the last week. With over 3.18 million active addresses on the Solana blockchain, it has emerged as the most active network in the space.
In line with its robust on-chain performance, the price chart for Solana has also been on an upward trajectory. SOL has seen a more than 12% increase on the weekly chart, briefly surpassing the $150 support level. Technical indicators now point to a strong buy signal for SOL, with predictions from Telagon suggesting a potential breakout that could drive the price of Solana as high as $250 in the coming weeks.
DTX Exchange crosses $2.7m as whale activity rises
DTX Exchange has been attracting significant attention from investors, with a surge in whale activity resulting in over $2.7 million in funding raised by the crypto ICO. The growing support for DTX Exchange can be attributed to its all-inclusive trading platform, catering to the diverse needs of traders across the board. Whales are optimistic about the potential of the DTX coin, with expectations that it could reach as high as $1 from its current price of $0.06.
Setting itself apart from traditional exchanges, DTX has integrated the best features of both centralized and decentralized exchanges. Moreover, DTX Exchange extends beyond the confines of the crypto market, allowing customers to trade instruments from forex, stocks, equities, and ETF markets, making it a versatile option for traders.
This multi-market exposure positions DTX Exchange to tap into the $715 trillion OTC derivatives market, providing it with ample liquidity and growth potential. Analysts are bullish on the prospects of the DTX coin, predicting a potential climb to $1 before the year concludes.
Shiba Inu burn skyrockets: How high can the price go?
In a surprising turn of events, the burn rate for the Shiba Inu coin has soared by an impressive 5,975%, as reported by the Shibburn X handle. This uptick in burn rate follows the announcement by Shiba Inu’s market lead, Lucie, regarding plans to reduce the coin’s supply through buybacks and burns.
Currently, the Shiba Inu memecoin has seen a 9% increase on the weekly timeframe, hovering above the $0.00001400 support level. The price is now aiming to reclaim the $0.00001534 level, with a potential breakout setting SHIB on course to retest the key support at $0.0000200.
Which coin should traders buy for huge gains?
Considering the current performance of Solana, DTX Exchange, and Shiba Inu, all three altcoins present compelling opportunities for investors seeking significant returns. However, DTX Exchange stands out as the top pick for investors eyeing substantial gains in Q4 and beyond. With its innovative exchange platform and access to the OTC derivatives market, DTX Exchange has the potential to emerge as a market leader in the near future.
As the crypto market gears up for a potentially bullish Q4, investors are advised to conduct thorough research before making any investment decisions. To learn more about DTX Exchange and join the community, visit the official website for additional information.
Disclaimer: This content has been provided by a third party, and does not constitute investment advice. Readers are encouraged to conduct their own research before engaging in any investment activities related to the companies mentioned in this article.