ETFs
Steve Kurz Predicts ETH ETFs Coming in July; 5 Tokens Expected to Soar
Disclosure: This article does not constitute investment advice. The content and materials presented on this page are provided for educational purposes only.
Ethereum ETFs are set to be approved in July, which could boost promising tokens like DTX Exchange, Ripple, Chainlink, Tron, and Polygon.
Galaxy Digital’s Steve Kurz recently predicted that Ethereum ETFs would be approved in July. Besides Ethereum, a number of other promising tokens could benefit from this development. DTX Exchange (DTX)Ripple (XRP), Chainlink (LINK), Tron (TRX) and Polygon (MATIC) are among them.
While some cryptocurrencies are well-known, DTX Exchange is a leader in the Phase 2 presale that has already raised over $800,000 and could reach $1 million before the end of July 2024. Analysts even suggest that it could reach $0.5 in 2024.
DTX Exchange: Attractive pre-sale performances
Rapidly gaining ground in the crypto world, DTX Exchange (DTX) has already provided early buyers with a 100% ROI. This figure is expected to increase by 50% once the phase 3 of the pre-sale begins. Even crypto analyst Candy Gems says that this project has done a great job so far. Global traders have faith in this upcoming trading platform.
DTX Exchange will introduce a hybrid trading platform that combines the best CEX and DEX features. In this model, users can access over 120,000 assets including currencies, commodities, and cryptocurrencies while bypassing KYC checks that can violate user privacy. For this reason, DTX Exchange could become a favorite among privacy-conscious traders.
At the heart of this platform will be the DTX utility token. Holding this cryptocurrency will give users access to advanced analytics tools, governance voting rights, and reduced trading fees. Additionally, those who purchase $100 worth of DTX during its presale will automatically be entered into a $1 million competition. As part of the competition, ten lucky people will each receive $100,000.
One DTX is worth $0.04 because it is in Phase 2 of its presale. As the presale progresses, this price will skyrocket. Market analysts predict that DTX will be worth $0.5 once a Level 1 CEX lists it in Q3 2024.
Ripple: Could see a huge rise
Next, we will discuss Ripple, another powerful force in the cryptocurrency market. According to CoinMarketCap DataRipple price is up 1% on the YTD chart. Crypto analyst Mikybull Crypto remains bullish on the token. In his post XMikybull claims that Ripple coin could see a huge rally in 2017 given its current PA trajectory.
The technical analysis of this token also shows a bullish picture. For example, Ripple now has more than 15 technical indicators in the buy zone. As a result, market analysts have made a new Ripple price prediction. They predict that the XRP price will reach $0.60 before the end of Q3 2024.
Chainlink: New partnership with Sygnum and Fidelity
Chainlink is another cryptocurrency that has been making headlines lately. Notably, Sygnum announced that it has joined Fidelity in partnering with Chainlink to provide on-chain fund net asset value data. This data will feed into the Fidelity Institutional Liquidity Fund, which currently holds $6.9 billion in assets.
With this bullish news about Chainlink, its value might soon increase. Chainlink cryptocurrency has seen a price increase of over 110% in the past year alone. Moreover, around 18 technical indicators are showing green signals for LINK. Therefore, experts predict that Chainlink will trade at $17 during the third quarter of 2024.
Tron: New ATH in TRX Staking Rate
Tron is a cryptocurrency that is experiencing exciting developments. Recently, analyst Dendorion highlighted a major milestone for Tron. In his post XDendorion stated that a new ATH record in the Tron coin staking rate has been reached with 53.04%. More and more traders are interested in staking TRX at the moment.
The value of Tron coin has surged by over 65% on the YTD chart. Furthermore, Tron’s market cap has increased from $6.93 billion to $11.27 billion during this period. Due to all this bullish news on Tron, market analysts are predicting that TRX will trade at $0.15 before the end of Q3 2024.
Polygon: 35x progression potential
Finally, we will mention Polygon, a volatile crypto. According to CoinMarketCap DataPolygon price has dropped more than 20% on the chart since the beginning of the year. However, market analyst Crypto Patel remains bullish on the crypto. Patel says that a potential bullish pennant is now occurring, which could trigger a 35x rally for the Polygon crypto.
Moreover, the technical analysis of this cryptocurrency suggests that the price of MATIC will continue to rise. MATIC is currently trading above its 200-day EMA while having four technical indicators in the green. As a result, experts have made a bullish price prediction for Polygon, which will reach $0.64 during the third quarter of 2024.
Conclusion
With Galaxy Digital’s Steve Kurz predicting that Ethereum ETFs could arrive in July, many crypto stocks could surge. For example, DTX Exchange, Ripple, Chainlink, Tron, and Polygon show huge growth potential. However, DTX Exchange stands out: it has ties to the $133 trillion bond market and a small market cap.
To learn more, visit the DTX presale, read the white paper And Join the DTX community.
Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users should do their own research before taking any action related to the company.