James Seyffart announced that a mini Ethereum ETF might be coming soon, as the SEC approved Grayscale spot ETH mini ETF. This decision should validate Ether and other related projects. With this in mind, some ERC-20 tokens could bring huge returns if things go as planned.
These are analysts' top five picks for ERC-20 tokens set to explode: DTX Exchange (DTX), Chainlink (LINK), NEAR Protocol (NEAR), Arbitrum (ARB) and Polygon (MATIC). While most are already established, DTX Exchange is a Stage 2 presale star that could become the next 50x ERC20 token in 2024. Let's see why.
DTX Exchange (DTX): The Most Promising ERC20 Token
DTX Exchange (DTX) has taken the cryptocurrency market by storm. If it keeps up its current pace, this platform is set to become one of the industry's biggest players very quickly. So far, this presale star has raised over $1M and is expected to reach $1.2M before next week.
Many people took notice of this unprecedented growth, including well-known crypto influencers like YouTuber CryptoDexWorld, who said, "This could be the ultimate trading platform." Unlike Binance or Coinbase, DTX Exchange combines the best of CEX and DEX into one hybrid exchange.
As a result, traders will gain access to over 120K asset classes like FX, bonds and cryptos with a leverage of 1000x. Not only that, DTX Exchange will not require any sign-up KYC checks, which means privacy for all. At the heart of this platform lies the DTX utility token. Holding this ERC20 token will give you reduced trading fees, governance voting rights and more.
Currently, DTX costs only $0.04 as it is in Stage 2 of its presale. Those who bought it early on enjoy a 100% ROI. Moreover, this price will rise to $0.06 once Stage 3 begins—a 50% ROI for those who buy it now. Given all these factors, market analysts predict a 50x surge once a Tier-1 CEX lists it in Q3 of 2024, which makes DTX the best ERC20 token for fast returns.
Chainlink (LINK): New Landshare Integration
Next, we must talk about Chainlink (LINK)—a powerful force in the ERC20 token space. Recently, Chainlink announced that the RWA platform Landshare has integrated its tokenization infrastructure, CCIP and Automation. With this development, Landshare unlocked liquidity and utility for the LAND token across many networks, including Chainlink.
This bullish Chainlink news may trigger an uptrend for this crypto. Speaking of which, the Chainlink crypto value rose nearly 100% in the past 12 months. Moreover, LINK is now trading above its 100 and 200-day EMAs while having 15 green technical indicators. As a result, market analysts foresee this ERC20 token hitting $18 before Q3 of 2024 ends.
NEAR Protocol (NEAR): Valour Launches First NEAR ETP
NEAR Protocol (NEAR) is another entry in this promising ERC20 token list. In the past few days, Valour revealed that it has launched the first-ever NEAR ETP. Thanks to this NEAR Protocol news, retail and institutional traders will be exposed to this crypto. The value of NEAR has increased by over 300% in the past year alone.
The technical analysis for the NEAR Protocol coin also paints a bullish picture. Notably, around 23 technical indicators are in the buy zone for this ERC20 token. Because of all these factors, experts forecast a potential jump to $8 within Q3 of 2024 for the NEAR Protocol.
Arbitrum (ARB): Analyst Remains Bullish
Arbitrum (ARB) has also been capturing attention recently. According to CoinMarketCap data, the Arbitrum price fell nearly 40% on the YTD chart. However, crypto analyst Top Gainer Today remains bullish. His X post claims that ARB has seen a double bottom in its weekly timeframe and may soar above $3 soon.
From a technical analysis perspective, this Arbitrum price prediction has some merit. For instance, this ERC20 token trades above its 50-day EMA while having 11 green technical indicators. As a result, market analysts predict that the Arbitrum crypto will trade at $1 before Q3 of 2024 ends.
Polygon (MATIC): Sets New Migration Date
Last, we will mention Polygon (MATIC), an ERC 20 token with some exciting developments. Most importantly, Polygon announced that the migration date to POL will be September 4, 2024. With this migration, POL will replace MATIC as the native gas and staking token for Polygon.
The Polygon crypto value movement dropped nearly 30% in the past 12 months. However, MATIC trades above its 200-day EMA and has ten technical indicators in the buy zone. Due to this major Polygon news and indicators, experts foresee a surge to $0.71 within Q3 of 2024.
Final Remarks on the Best ERC20 Tokens
If James Seyffart is right, a mini Ethereum ETF might change everything in the cryptocurrency market. When Ethereum gains more legitimacy and adoption, these five ERC-20 tokens—DTX Exchange, Chainlink, NEAR Protocol, Arbitrum and Polygon—will likely gain. However, the DTX Exchange stands out as it has a lower market cap and is tied to the $133T bonds market.
In other words, DTX will soar much faster than its peers while remaining more stable. If you wish to capitalize on its growth, sign up for the DTX presale. Those who buy $100 of DTX during its presale will enter a $1M giveaway where ten lucky traders win $100K each. Follow the links below and do not miss out.
