As Ethereum’s (ETH) performance dwindles in 2024, experts predict that several altcoins may outperform it. DTX Exchange (DTX), Fantom (FTM), and Ripple (XRP) have recorded considerable developments, and market analysts say they are well-positioned to deliver huge returns, allowing them to outpace Ethereum by the end of the year.
Here is why DTX Exchange will lead Fantom and XRP in a race to outpace Ethereum in the crypto market!
Ethereum to Surge Amid Bullish Triple Bottom Pattern
Ethereum is expected to record a massive breakout in Q4 2024 after traders spotted a triple bottom pattern forming in 2024, similar to before the 2021 ETH rally. This setup has sparked optimism that the last quarter of this year will deliver massive gains.
The triple bottom is a renowned pattern that indicates a bullish reversal. If Ethereum maintains the trajectory, a rally above $3,500.15 is possible, which can fuel increased investor confidence in the altcoin. However, ETH must rise above the $2,800.01 resistance level to confirm a rally toward $3,500.15.
Technical indicators show a promising outlook for Ethereum, indicating that potential volatility is on the horizon. ETH stands at a crossroads where technical patterns indicate a possible breakout, while other factors suggest some caution is necessary.
With these mixed signals, analysts say Ethereum might continue underperforming and be beaten by DTX, FTM, and XRP.
On September 22, ETH was valued at $2,583.99, up 7.45% in the past week. Experts say ETH will rise to $2,775.15 this month, supported by increased buying pressure.
DTX Exchange’s Hybrid Platform Dominates Crypto Markets
DTX Exchange has been thriving and dominating the crypto space. Its presale has recorded an impressive performance, raising over $2.6 million, and might surpass $3 million by the end of September 2024. Moreover, the early DTX Exchange investors have already enjoyed a 200% return on their investment.
Reputable influencers have noticed DTX Exchange’s impressive performance. On that note, CryptoDexWorld said that DTX Exchange can dominate online trading. Due to its hybrid trading model, DTX Exchange offers many perks that other exchanges do not have.
Investors can buy stocks, gold, cryptocurrencies, and over 120,000 other asset classes at 1000x leverage when using the platform. Interestingly, speeds as fast as 0.04 seconds attract investors who see DTX as a lucrative investment with massive long-term growth potential. DTX Exchange recently launched its Layer-1 blockchain, which will be the foundation of its upcoming trading platform.
The platform features a hybrid trading model that will give users the best CEX and DEX worlds offer. Furthermore, DTX Exchange stands out in the crypto space since it has no sign-up KYC checks, providing privacy to all users.
DTX utility token is the fuel that powers this platform. It is now in Stage 3 of its public presale, trading at $0.06. Notably, DTX’s value will increase to $0.08 when it moves to Stage 4 of its presale. What’s more, analysts predict that DTX will gain 40x after it is listed on a Tier-1 exchange later this year.
Fantom’s FTM Warms Up for Explosive Growth After Major Upgrade
According to an analysis by Javon Marks on September 19, 2024, a crypto market analyst, Fantom’s value has increased by nearly 50% since its last major upgrade. Javon believes this is only the beginning for FTM since there is more room for significant growth in the coming year. According to him, FTM could rebound and gain over 345% to trade above $3.00.
Market data show that FTM has gained over 60% in the last two weeks, exhibiting volatility because of the upcoming migration to the Sonic (S) token. Fantom also published on September 18 that around 66% of validators have updated their nodes preparing for the new Sonic network.
FTM has seen a massive increase in whale transactions, indicating increased institutional interest. All these developments are considered bullish for FTM.
On September 22, Fantom’s FTM traded at $0.6421, up 31.49% in the past week. Experts insist FTM will rise to $0.6785 by the end of the month, supported by developments on its network. Crypto market analysts believe this FTM will beat Ethereum due to its underperformance this year.
XRP Whale Activity Signals Bullish Trend Amid Regulatory Shifts
Ripple’s XRP remained subdued in the past week, even as the crypto market rebounded. Nonetheless, beneath the calm surface, there is considerable activity among XRP whales, indicating that important developments may occur.
In a recent tweet, renowned crypto analyst Ali Martinez highlighted that in ten days, Ripple whales accumulated over 380 million XRP, worth about $228 million. The increase in whale activity came after other large transactions earlier this month, including a 105 million XRP transfer between unknown wallets, worth $58.2 million.
Such whale activities are interpreted as bullish indicators, which means investors are moving coins into storage, which is good for the XRP price. The increase in whale activity seems connected to regulatory shifts, especially the potential conclusion of the XRP lawsuit.
On September 14, 2024, the U.S. Securities and Exchange Commission (SEC) clarified its stand on classifying cryptos, and the XRP community interpreted it as a positive signal for the token.
The increased whale activity and regulatory shift will help XRP record more gains than Ethereum, which underperformed this year. On September 22, XRP was valued at $0.592, up 1.37% in the past week. Analysts say XRP will rise to $0.656 this month, supported by increased buying pressure from whales.
DTX May Lead Other Altcoins to Outperform Ethereum!
Although Ethereum remains a dominant force in the crypto space, its underperformance in 2024 has opened the door for other altcoins to shine. DTX Exchange, Fantom, and Ripple have the potential for massive growth due to their recent developments, positive technical indicators, and strong market momentum.
DTX Exchange’s innovative hybrid trading model positions it well in the altcoin space, poised to outshine Ethereum and deliver huge returns by the end of 2024!
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