The post Top Altcoins to Buy as Billions Flow into Bitcoin ETFs; Render, BONK, and DTX Exchange Under Watch appeared first on Coinpedia Fintech News
Many altcoins are gaining traction amidst the influx of billions into Bitcoin ETFs. Render (RNDR), Bonk (BONK), and DTX Exchange (DTX) are among the top altcoins that are drawing attention from investors. With the recent market corrections and heightened volatility, these altcoins present unique opportunities and risks at the same time.
Render (RNDR) Prepares For A 50% Rally
Render (RNDR) has been facing a turbulent market, with its price action reflecting a mix of bullish sentiment and bearish pressure. Over the past 24 hours, the cryptocurrency market has experienced a correction of over 1%, impacting Render (RNDR) and other digital assets.
Despite this, Render (RNDR) shows signs of a potential bullish reversal, making it a good opportunity for investors. The Render (RNDR) price has been unable to break through the resistance trendline of its triangle pattern, signalling a strong bearish sentiment. This AI-focused token has lost 6.17% in value within the past day, with a trading volume of $179.406 million.
Currently priced at $6.44, Render (RNDR) boasts a Year-to-Date (YTD) return of +36.44% and holds the 37th position in the global crypto rankings with a market capitalization of $2.515 billion. The RSI’s failure to surpass the mid-point suggests a potential bearish convergence, while the MACD indicator’s declining green histogram indicates rising selling pressure.
Bonk (BONK) Investors Move Toward DTX For Higher Gains
Bonk (BONK) has been making headlines with its recent performance, showing resistance amidst market fluctuations. Priced at $0.000027, BONK has seen a 4.81% price surge over the past seven days, reflecting growing investor interest. With a market capitalization of $1.87 billion and a 24-hour trading volume of $248.45 million, BONK is gaining traction despite a 41.41% dip.
The MACD level for BONK stands at -0.00000060, and its RSI is at 56.08, indicating a relatively stable market sentiment. BONK’s recent price surge amidst the market correction highlights its potential as a viable investment. BONK’s investors are looking for alternatives to diversify their portfolios as the market settles down after a surprising fluctuation period.
Bitcoin ETFs See 9-Days Of Consistent Inflows
The recent influx of billions into Bitcoin ETFs has significantly impacted the cryptocurrency market. On July 17, U.S. spot Bitcoin ETFs saw a combined net inflow of $53.35 million, marking a nine-day streak of positive flows. Although this figure is low from the previous day’s $422 million net inflows, it still signifies strong investor interest.
BlackRock’s IBIT led with $110.37 million in net inflows and a trading volume of $1.21 billion, while Fidelity’s FBTC also saw positive net inflows of $2.83 million. Not all Bitcoin ETFs experienced positive inflows; Grayscale’s GBTC faced net outflows of $53.86 million, and Bitwise’s BITB saw $6 million.
Investors Closely Monitor DTX As Its Presale Approaches $1 Million
Amid the shifting market trend, DTX Exchange (DTX) is turning heads with its cutting-edge blockchain technology. Upholding the principles of decentralization and security, DTX Exchange employs a noncustodial wallet approach, allowing traders full control over their private keys and digital assets.
As an ERC-20 token on the Ethereum blockchain, DTX Tokens grants holders voting power for decentralized governance decisions, such as platform upgrades and protocol changes. Additionally, DTX Tokens offer access to premium features, reduced trading fees, and loyalty rewards, enhancing the user experience on the platform.
DTX Exchange’s Token Price To Climb $0.06 In The Next Round
DTX Exchange has shown remarkable growth in record-breaking time, raising over $973K in its presale and selling over 10 million tokens. Currently priced at $0.04 per token, the DTX Token is set to increase to $0.06 in the next round, signalling strong investor confidence and future potential.
As billions flow into Bitcoin ETFs, altcoins like Render (RNDR), BONK, and DTX offer lucrative opportunities for investors. DTX Exchange is prepared to lead the altcoin market, providing a hybrid platform for traders and investors seeking 25x opportunities.
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