Bitcoin halving has altered the crypto landscape, with experts predicting a notable rise in its value. Analysts anticipate that the BTC value will potentially reach the $200,000 mark. Amid the ongoing optimistic forecast, there is a growing buzz around altcoins. Following the anticipated bitcoin bonanza, an altcoin tsunami is expected that can cause turbulence in the crypto world.
Altcoins like Near Protocol (NEAR) and Avalanche (AVAX) have been experiencing tumultuous patterns. Their technical indicators suspect a downward trend consequently causing a decrease in their value. Analysts predict a shift in the investors’ interest towards emerging projects that can offer bigger yields.
Today we explore the price movements of NEAR and AVAX and the potential of emerging projects like DTX.
What you'll learn 👉
Analysts Predict Near Protocol’s Downtrend
Near Protocol (NEAR) is currently priced at $6 mark. It has shown massive growth over the past year, with its token surging by 435%. However, the recent price analysis shows a bearish trend. NEAR has experienced a fall from the $7.84 mark to the $6.65 mark over 24 hours.
There has been a constant red candle showing a loss of about 14% of its price within a week. The trading volume has also tumbled down by 47% within the same period. Thus the circulating supply of NEAR has reached $1.04 billion. The statistical analysis shows a bearish trend suggesting further degradation of NEAR.
AVAX exhibits a Bearish Turn
Avalanche’s SAR indicators show a shift from bullish to bearish sentiment anticipating a downward price trajectory. This descent is coupled with the emergence of a death cross in Exponential Moving Average (EMA) lines indicating a significant downturn. These technical indicators suggest potential price instability for AVAX.
AVAX is currently experiencing a cooling off of buying enthusiasm which might result in price stabilization. However, the 7-day RSI indicators underscore a shift towards bearish sentiment in the bull run. It implies a tapering of investors’ interest in acquiring AVAX. Thus investors look for projects that present a ray of opportunities. DTX appears to be the most promising investment in this regard.
DTX Presale: A Beacon of Predictability in the Volatile Crypto Space
DTX is a trading exchange that allows users to trade cryptos, forex, equities, and contract-for-differences (CFDs). The platform features cutting-edge infrastructure and unprecedented trading features to provide unparalleled opportunities. The platform will be the first large-scale exchange to offer 1000X leverage to users without any KYC (Know Your Customer) requirements.
DTX exhibits advanced features of distributive liquidity pools, and non-custodial wallets, and does not require KYC. These features have enabled DTX to garner immense success in its presale. It has succeeded in raising over $2M in the private seed round. The platform has raised over $100K in its public presale in 2 days.
Currently priced at $0.02, DTX will potentially reach the $0.075 mark. DTX holders have the benefits of getting reduced trading fees, entitlement to governance votes, and potential airdrops in the future. These features have boosted the presale of DTX tokens and gained investors’ attention.
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