VanEck has submitted paperwork for the first Solana ETF in the US, sparking enthusiasm in the crypto market. While this buzz continues, knowledgeable traders seek high-yield altcoins that could dominate the summer months. Here are the altcoins to watch: DTX Exchange (DTX), Toncoin (TON), NEAR Protocol (NEAR), THORChain (RUNE) and Tron (TRX).
DTX Exchange (DTX): Among the Best Altcoins Right Now
DTX Exchange (DTX) is quickly becoming a household name in the altcoin space. Even the noteworthy trader Sniper in Training made a bullish statement about this crypto. In his X post, he states that those who buy this altcoin now will soon see a 50% ROI as its value will go from $0.04 to $0.06.
DTX Exchange boasts a groundbreaking hybrid trading system combining DEX and CEX. With this flexible exchange, users gain access to more than 120,000 asset classes, ranging from stocks and bonds to cryptos, with leverage of up to 1000x. Moreover, it requires no sign-up KYC checks, which could make it a fan favorite among privacy-conscious traders.
The platform's core revolves around the utility token DTX. This altcoin has many uses, such as giving holders discounted fees and access to advanced analytics tools. Additionally, anyone who buys $100 of DTX during its presale will enter a $1M giveaway, where ten lucky people will each get $100K worth of DTX.
The DTX presale has brought in close to $800K and if things keep going how they are, then by July 2024, it may hit $1M. Currently, this altcoin's price sits at $0.04 as it is in Stage 2 of its presale—a 100% ROI for those who bought it early. But demand is so high that experts predict a 100x surge once a Tier-1 CEX lists DTX in Q3 of 2024—making it one of the best altcoins.
Toncoin (TON): Another Milestone Achieved
Toncoin (TON) is another altcoin that has grown recently. Notably, Toncoin announced that it has reached a new milestone—over 2M followers on the social media platform X. This achievement shows the level of interest that people still have in this altcoin and its potential growth.
Speaking of which, the Toncoin value increased over 450% on the YTD chart. Furthermore, this altcoin is trading above its 50 and 100-day EMAs while having 26 green technical indicators. Due to all these Toncoin news and signals, market analysts predict its value will soar to $8.20 before the end of Q2 2024.
NEAR Protocol (NEAR): Bottom Is Very Near
Next, we will discuss NEAR Protocol (NEAR), one of the top altcoins at the moment. According to CoinMarketCap data, the NEAR Protocol price surged over 250% in the past year alone. Crypto analyst AMCrypto states that this bullish trend will continue. In his X post, he claims that NEAR has retested the $4.5 support level, which could trigger a rally ahead.
The technical analysis for the NEAR Protocol coin supports this statement. For example, NEAR trades above its 50 and 100-day EMAs while having five technical indicators in the buy zone. Because of all these factors, experts in the crypto field have made a bullish NEAR Protocol price prediction - reaching $6.37 within Q2 of 2024.
Written by seasoned experts, who have over 16 years of experience in Free Zones development. Learn more.
THORChain (RUNE): A High Potential Altcoin
We will also mention THORChain (RUNE) in second-to-last place. Recently, the CEO of Coin Bureau, Nic, shared an image of the top 20 high-potential cryptos for Q3 2024 as per Grayscale. THORChain was one of the altcoins that captured a place on this list. This bullish THORChain news may trigger a rally for this crypto soon.
The THORChain crypto value has increased over 300% in the past 12 months. Additionally, RUNE is trading above its 100— and 200-day EMAs. All these bullish factors have made experts predict that this altcoin's price will reach $5.76 before the end of Q2 2024.
Tron (TRX): New Leg Up Coming
Last, we will mention Tron (TRX) - a significant force in the altcoin space. According to CoinMarketCap data, the Tron price jumped over 60% in the past 12 months. Crypto analyst Dyor states that this upswing will continue. In his X post, he states that a potential new leg up is coming for this altcoin.
From a technical analysis perspective, the future of the Tron coin also appears bright. Currently, TRX is trading above its 100 and 200-day EMAs, as 28 technical indicators are flashing green. Thus, market analysts claim that TRX will trade at $0.15 within Q2 of 2024 in their Tron price predictions.
Closing Remarks on the Best Altcoins To Buy
While the crypto market is abuzz with VanEck's Solana ETF filing, these altcoins are bound to surge. However, DTX Exchange stands out among Toncoin, NEAR Protocol, THORChain and Tron. This rookie has a low market cap and ties to the $133T bonds market, which means it will remain stable even in turbulent times. To buy one of the best altcoins, follow the links below.
