Eric Balchunas Claims ETH ETFs Will Open the Doors for Other Crypto ETFs; These 5 Cryptos Are Destined To See Major Growth
Recently, Bloomberg's senior ETF analyst Eric Balchunas made an interesting claim that Ethereum ETFs could open the door to other crypto ETFs. As various cryptocurrencies prepare for this possible change in the crypto market, some stand to see huge gains.
These are five cryptos with inevitable massive growth potential: DTX Exchange (DTX), Solana (SOL), Ondo (ONDO), Stacks (STX), and Jupiter (JUP). While many are trending because of their green price charts, DTX Exchange stands out. This Stage 2 presale star has soared by 100% and may become the next $0.5 crypto in 2024.
DTX Exchange (DTX): To Revolutionize Online Trading
DTX Exchange (DTX) has become a leading player in the cryptocurrency market with its stellar presale performance. Notably, DTX Exchange has now raised over $1M and is on track to hit the $1.5M level before July 2024 ends. Even popular crypto influencers such as YouTuber Crypto League have taken notice of this game-changing project.
At its core, DTX Exchange aims to tap into multiple financial markets and capitalize on their growth. To accomplish this, DTX Exchange will launch a hybrid trading platform combining CEX and DEX's best. Therefore, users can access over 120K asset classes such as FX, bonds and cryptos with leverage of up to 1000x and no sign-up KYC checks.
The DTX utility token will power this platform. Holding it is crucial as it will bring you many perks. For example, DTX holders will gain access to advanced analytics tools, reduced trading fees and governance voting rights. Also, those who buy $100 of DTX during its presale will enter a $1M giveaway where ten people will walk away with $100K each.
Currently, one DTX costs just $0.04 as it is in Stage 2 of its presale - a 100% rise from its starting price of $0.02. However, this price will rise to $0.06 once Stage 3 begins. As a result, market analysts remain bullish. They foresee a surge to $0.5 once a Tier-1 CEX lists DTX in Q3 of 2024 - making it one of the top cryptos for fast returns.
Solana (SOL): May Hit the $1,000 Level
Next, we will discuss Solana (SOL), a powerful force in the crypto market. According to CoinMarketCap data, the price of SOL rose over 450% in the past year alone. Analyst Captain Faibik also made a bold statement about SOL. His X post predicts that the Solana coin value may soar to $1,000 in the next bullish rally.
The technical analysis of the Solana crypto backs up this claim. For example, SOL is trading above its 100 and 200-day EMAs while having 28 technical indicators in the green. As a result, market analysts foresee the price of Solana reaching $164 before Q3 of 2024 ends.
Ondo (ONDO): A Bullish Structure
Ondo (ONDO) is another crypto that has recently made waves in this sector. Over the past 12 months, the price of ONDO rose over 550%, according to CoinMarketCap data. Crypto analyst Nihilus also remains bullish on this token. According to his X post, the Ondo coin is seeing a bullish structure and may surge to $1.48 soon.
From a technical analysis perspective, Ondo's future appears very bright. Notably, around nine technical indicators are now in the buy zone for the Ondo coin. Experts in the crypto field consider all these factors when making their predictions. Thus, they predict Ondo will trade at $1.74 within Q3 of 2024.
Stacks (STX): SEC Drops Investigation
In the second-to-last place, we will talk about Stacks (STX). Recently, there was some exciting Stacks news as Muneeb.BTC announced that the SEC had dropped a 3-year investigation for this crypto. He believes this is the best outcome Stacks could have hoped for. With this development, interest in STX may rise once more.
The Stacks coin value movement has surged over 180% in the past 12 months. In that time, the Stacks market cap grew from $880M to $2.70B. Additionally, STX is now trading above its 100—and 200-day EMAs. Due to all these reasons, market analysts forecast a surge to $2.50 before Q3 of 2024 ends for Stacks.
Jupiter (JUP): A Future Top Performer
Last, we will discuss Jupiter (JUP). CoinMarketCap data shows that the price of JUP fell nearly 45% on the YTD chart. However, crypto analyst Astekz remains bullish for this crypto. In his X post, Astekz predicts that the Jupiter coin will be a top performer in the next alt rally and is perfect for a long-term swing play.
The technical analysis for Jupiter also paints a bullish picture. Notably, around 15 technical indicators are currently in the buy zone for JUP. Because of this, market analysts predict that the Jupiter price may hit $1.17 within Q3 of 2024.
Final Remarks on the Most Promising Cryptos
According to Eric Balchunas, ETH ETFs will be a doorway to other crypto ETFs. DTX Exchange, Solana, Ondo Stacks, and Jupiter are all poised to see massive value growth. However, DTX Exchange has the potential to outshine its peers. This rookie has a lower market cap and ties to the $133T bonds market.
In other words, DTX will need less new funds for its price to jump while remaining more stable in the long run. If you wish to buy this crypto, sign up for the DTX Exchange presale.
MetDisclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
