Uptober is Around the Corner; Experts Top Coins for Gains – Solana (SOL), Ethereum (ETH), and DTX Exchange (DTX)
The altcoin market is showing positive sentiment in the last week of September after a bearish start. Based on historical data, crypto experts expected the bullish trend to grow in October, popularly known as “Uptober.” They have picked Solana (SOL), Ethereum (ETH), and DTX Exchange (DTX) as the top altcoins to watch. Analysts say the [...]
The altcoin market is showing positive sentiment in the last week of September after a bearish start. Based on historical data, crypto experts expected the bullish trend to grow in October, popularly known as “Uptober.”
They have picked Solana (SOL), Ethereum (ETH), and DTX Exchange (DTX) as the top altcoins to watch. Analysts say the value of Solana could pump to $250 while that of Ethereum could reach $2,818.14. The price of DTX Exchange is expected to rise by 30%.
Societe Generale Moves EURCV Stablecoin To Solana (SOL)
Societe Generale bank’s subsidiary for digital assets, SG Forge, wants to issue a Euro-linked stablecoin, EUR CoinVertible (EURCV) on the Solana network. The firm announced in a statement that the EURCV would be a stablecoin that would allow users to have more effective and faster interaction with the network’s decentralized finance system. They will also get affordable fees, instant transactions, and high scalability.
Meanwhile, the Solana (SOL) is the next to welcome the EURCV stablecoin after Ethereum last year. In other news, the Solana coin is showing upward momentum on the weekly and biweekly charts. It is above the 50-day SMA ($141.47) and very close to the 200-day SMA ($146.31). Analysts forecast that the Solana price could skyrocket to $250 in October.
Ethereum (ETH) Transaction Fee Pumps
According to data from IntoTheBlock, Ethereum (ETH) transaction fees have increased over the past week. Earlier in September, the average fee of Ethereum (ETH) dropped below $1, the lowest since July 2020. However, the value spiked to $3.52 on September 23, more than triple its value of $0.85 on September 1. Similarly, the Ethereum price has soared on the weekly chart by 14% and on the biweekly timeframe by 13%.
The altcoin price has been on an uptrend since the Fed rate cut last Wednesday. Presently, Ethereum coin is trading above the 50-day SMA at $2,545.19 and is moving towards the $3k level. The sentiment around the altcoin is getting bearish, evident by the 14-day RSI rising above the 50 mark. Coincodex forecasts the value of Ethereum crypto could rise to $2,818.14 in October.
DTX Exchange (DTX): A Hybrid Platform for Investors Looking To Trade Multiple Assets
DTX Exchange (DTX) is a hybrid trading platform that blends the best of centralized exchange and decentralized exchange to give its users a comprehensive trading experience. They will be able to access over 120,000 asset classes – gold, forex, stocks, indices, bonds, and even cryptocurrencies. That is not all. DTX Exchange offers a high leverage of 1000x and has AI capabilities.
The exchange has also integrated AI technology into its platform, which investors can use for trading, analysis, and management of risk. The platform also houses cutting-edge trading tools which makes trading easier and increases users’ chance for profit. They include features that allow trades to be executed much faster. These firms are also equally responsible for achieving smaller risk ratios which means the consumer can save more money.
Meanwhile, DTX plans to launch a wallet feature that will make withdrawal, deposit, and storage of cryptocurrencies easier for its users. This offering has increased investors’ interest in the platform, making it a top DeFi project to watch out for. DTX Exchange is currently in the presale stage, and analysts predict its price could increase by 30% in October.
Why Investors Should Pay More Attention To DTX Exchange More Than Ethereum (ETH) and Solana (SOL)?
While Solana (SOL) and Ethereum (ETH) could see gains in October, analysts are more optimistic about the DTX Exchange, especially for investors looking for massive gains. According to them, DTX Exchange is a presale project and a low market cap gem which has chances for more growth compared to the others. This potential makes it the best cryptocurrency to buy.
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