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The crypto market is showing upward momentum after the latest Fed interest cut last week Wednesday. Based on this momentum, analysts are bullish about the price of altcoins. Crypto Bullet has predicted the price of Dogecoin (DOGE) could surge to $0.16000 in the future.
In other news, Tron (TRX) has burned 12M TRX coins. Meanwhile, Dogecoin and Tron holders are showing interest in a new coin, DTX Exchange (DTX). Analysts forecast its price could increase by 5x in the fourth quarter.
Crypto Bullet, one of the top analysts in the cryptocurrency space, has given a bullish forecast for the largest memecoin by market cap, Dogecoin (DOGE). The analyst told his followers the value of the token could skyrocket in the coming days if it flips the $0.108 region. According to the chart the analyst posted, the price of Dogecoin crypto could pump to $0.16000 in the coming weeks.
In the meantime, the Dogecoin price is consolidating between $0.09 and $0.115 on the 30-day chart. Its market cap is trading around the $13-$17 billion mark. So far, the Dogecoin token has crossed the 50-SMA at $0.102927 and could reach the 200-SMA at $0.125035 if the upward movement continues. Meanwhile, the sentiment surrounding Dogecoin (DOGE) is currently bullish, supporting Crypto Bullet’s price forecast of $0.16000.
In a recent tweet, the Tron (TRX) community revealed that 12,481,101 TRX tokens were burned on September 20th. This is part of the project’s commitment to value growth and deflation. Moreover, the Tron network has been in the spotlight these past few weeks, setting record after record and surpassing other L1 blockchains in terms of growth and performance. Also, the Tron coin has benefited from the growth, soaring above the 50-SMA ($0.145455) and 200-SMA ($ 0.130961).
Tron (TRX) has also joined the top 10 altcoins, according to CoinMarketCap. However, the Tron Crypto is losing momentum very fast. Its price has dropped 5% on the monthly chart and could go deeper if the downtrend continues. Tron (TRX) price is presently trading close to the 50-day SMA support and could plunge to new lows if it loses it. Still, analysts forecast the value of the token might rise to $0.16103 this fourth quarter.
DTX Exchange (DTX) is a new cutting-edge platform that seeks to revolutionize both the crypto market and the traditional market. This is the first trading platform that combines features of both centralized and decentralized exchange, and it has its advantages, like low fees, high trading efficiency, and anonymous trading. The exchange has over 120,000 tradable assets available, including gold, indices, stocks, bonds, and cryptocurrencies.
Also, DTX Exchange users can trade all of them on one account without having to switch from one profile to another. Users do not need to go through a rigorous KYC process when signing up for the exchange. This feature makes DTX Exchange stand out from centralized exchanges like Binance and OKX, where KYC checks are mandatory, stopping users from enjoying anonymous trading.
Currently in its presale stage, there has been a very high demand for DTX Exchange, with the project raising over $2.7 million. The price of the DTX coin is currently at $0.06. However, analysts forecast the value of the altcoin could surge by 5x in the fourth quarter, making it a good cryptocurrency for new and professional investors to add to their portfolio.
Analysts are very optimistic about the gain potential of DTX Exchange in the fourth quarter. The project’s presale has been terrific, solidifying analysts’ trust in its future potential. So, they have predicted a likely price increase of 5x before the end of the fourth quarter.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
