Altcoins
Bitcoin Dominance Could Break 18-Month Uptrend – Top Altcoin Picks for This Altseason
For the first time in over a year and a half, Bitcoin’s dominance has declined as Ethereum has driven the crypto market to a massive pump. Although the market remained silent after the SEC announced the approval of eight spot ETFs, market experts are optimistic that another major season is imminent.
ETF approval could trigger Altseason when funds start flowing
The market has not reacted to Ethereum ETFs mainly because ETF trading has not started. As confirmed James Seyffart and Eric Balchunas, the two leading ETF specialists at Bloomberg Intelligence, it could take until mid-June for trading to begin.
When institutional funds start injecting into Ethereum, experts are optimistic about the start of the new season. Daan Crypto Trades has said that BTC dominance has already broken its descending wedge, marking the start of the new 2024-2025 season.
Best Cryptos to Buy for Massive Returns This Season
The approval of its spot ETFs means that Ethereum would undoubtedly make headlines this new season. However, predictions from market experts suggest that some altcoins could generate greater gains. Below are some of the altcoins to watch this season, based on predictions from market experts.
1. DTX Exchange (DTX)
DTX Exchange (DTX) is an exciting new cryptocurrency exchange platform that has the market and investors talking lately. It sets itself apart from conventional trading platforms by offering them the ability to trade more assets than ever before. On this platform, they can seamlessly trade 120,000 assets ranging from stocks to bonds, commodities and cryptocurrencies from a single account.
It also provides users with the ability to access all of these to register without having to complete lengthy KYC procedures. Additionally, the exchange offers unique 1000x leverage, giving users the opportunity to increase their income.
DTX has liquidity pools and non-custodial wallets that result in better security, extremely low slippage, and lightning-fast transactions. These advanced features ensure that DTX has the ability to compete with other giants in the crypto exchange market.
This is why its native token, $DTX, was chosen among the best cryptos for this new season. Already, the price of the coin has increased from $0.02 to $0.04 as the first round of presale trading sold out in record time. While DTX’s popularity will only grow throughout the year, the community believes that $DTX can trade as high as $2 before this bull cycle ends.
2. Near Protocol (NEAR)
Near Protocol (NEAR) is among the top altcoins that can be expected in the upcoming season due to its relationship with artificial intelligence. AI is currently one of the three biggest trends in the crypto market and is expected to gain further momentum in the coming months.
The Near Protocol price fundamental also supports a massive price increase. The pseudonymous crypto analyst known as The Crypto Dog has predicted this NEAR looks very likely to hit a new yearly high above $11 soon. Breaking above this level could see the altcoin price rally towards $25 for a new ATH this year.
3. Dogecoin (DOGE)
Even though meme coin mania has seemed to calm down over the past few weeks, Dogecoin has given the public a glimpse of what’s to come. First, Dogecoin price started to form the golden cross on the weekly chart. The last time DOGE formed this pattern was in 2021, when the price of DOGE increased by around 8,000%.
Popular Chartist Ali Martinez confirmed that Dogecoin is on the verge of forming a historical pattern. Martinez predicted that the price could reach a new record high above $6. Possible from $0. 15 to $6 is why DOGE is among the best coins to invest in right now.
4. Ripple (XRP)
It’s kind of surprising to have Ripple (XRP) here because this year it’s performing worse than most of the top 10 altcoins. But Bard Garlinghouse, CEO of Ripple, did not rule the possibility of XRP getting its own ETF. There has also been an increase in institutional investment in Ripple.
Ripple XRP could also target the stablecoin market, which would increase its application. Considering all these big events planned, market gurus are very optimistic about Ripple’s price performance in 2024. There is a near consensus that if the SEC battle turns in Ripple’s favor, the XRP coin could climb to a new ATH above $5 in this case. bull cycle.
In conclusion
With each season, Bitcoin’s market dominance declines as the size of several altcoins increases. This new season, DTX Exchange, Near Protocol, Dogecoin and Ripple are the top picks to claim a significant share of its market dominance. For many savvy investors, the top pick is DTX, as its potential role in the crypto exchange space could see the price of $DTX skyrocket this year.
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