The crypto market is growing fast, and it is important to keep an eye on new promising projects. As 2024 progresses, three projects show signs of growth: Ripple, DTX Exchange and Tron. Each of them has its own unique features.
Ripple: Potential Bounce
XRP is soaring on the price charts. CoinMarketCap data shows that the price of XRP increased by over 3% on the weekly chart. Crypto analyst Ed_NL expects this bullish trend to continue, despite a slight dip. The technical indicators for Ripple also look bullish. Currently, XRP is sitting above its 100-day exponential and simple moving averages, while its RSI is 80. These signals suggest that the momentum for XRP could be bullish. Because of these factors, other market analysts predict that Ripple’s price could surge to $0.68 before the end of September 2024.
DTX Exchange: A Newcomer with Huge Potential
DTX Exchange is quickly becoming one of the most talked-about projects in the crypto arena. Its ongoing presale has been phenomenal, raising over $1.4 million, with projections indicating a jump to $2 million before the end of August 2024. The unique feature of DTX Exchange lies in its hybrid trading model, combining elements of centralized and decentralized exchanges. This lets users buy over 120,000 different assets with leverage up to 1000x. The absence of KYC checks makes DTX Exchange appealing to millions of privacy-conscious users. The DTX native utility token powers this platform, offering lower trading fees and governance voting rights to its holders. Currently priced at just $0.04 in Stage 2 of its presale, the price will rise to $0.06 after Stage 3 goes live. Experts predict a 100x surge upon listing on a Tier-1 exchange in Q3 2024.
Tron: Good Price Action
TRX is also showing green price charts. According to CoinMarketCap data, the price of Tron increased by over 20% on the one-month chart. Crypto analyst Teddy notes this impressive price action for TRX, as its weekly candle now sits above its 2021 high. This impressive feat indicates steady growth for Tron. Furthermore, TRX is still trading above its 50-day simple and exponential moving averages while having an Ultimate Oscillator of 80, signaling good momentum. Taking into account these signals, experts predict TRX will trade at $0.20 in September 2024.
Ripple, DTX Exchange, and Tron are considered promising crypto projects for 2024. However, DTX Exchange stands out due to its smaller market cap and connections to trillion-dollar markets.
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