With the decrease in inflation rates and a retest of February 2021 levels, here are 3 altcoins poised for a sudden rise: Toncoin (TON), Cardano (ADA), and DTX Exchange (DTX)
The recent Consumer Price Index (CPI) is the lowest in recent years. The CPI for August 2024 decreased to 2.5% compared to the same period last year, marking the smallest annual increase since February 2021. With inflation decreasing and rates on the horizon, the market is poised for a significant change.
The three leading altcoins poised for a surge are: Toncoin (TON), Cardano (ADA), and DTX Exchange (DTX). TON and ADA may begin new price discovery journeys, while DTX, an emerging cryptocurrency, has plenty of room for growth.
DTX Exchange (DTX): Transforming the Global Trading Landscape
DTX Exchange (DTX), the latest sensation in ICOs, is an essential coin. With its impressive growth prospects as an emerging cryptocurrency, it is set to experience rapid expansion following its introduction. This contributes to rising interest, bringing the presale to over $2.6 million in initial funding.
The ICO is currently in its third round and offers a great buying opportunity. Meanwhile, its price is $0.06, and its low entry point is one of its biggest attractions. Top analysts predict a 75-fold increase after its launch, positioning it to compete with leading altcoins like Toncoin (TON) and Cardano (ADA).
Given its unique proposition, it is expected to revolutionize the trading scene. The global trading landscape, valued at $10.3 billion in 2023, is poised for transformation by DTX Exchange. By combining key elements of CEX and DEX, DTX addresses challenges such as a lack of diverse asset classes, centralization, low liquidity, and weak security.
Toncoin (TON): $10 Before Year-End?
Toncoin (TON), the cryptocurrency based on Telegram, has rebounded after the arrest of Pavel Durov, the CEO of the messaging app, shaking off bearish pressures. It is quickly regaining lost price levels, pursuing further profits as the bullish market shifts gears.
The Telegram-Toncoin relationship is one of the most beneficial connections at the intersection of Web3 and Web2. Mini-game applications in the messaging app, particularly Notcoin (NOT) and DOGS (DOGS), have gained extensive visibility for TON, increasing interest and demand. As Telegram connects millions of users to Web3, it stands out as one of the best coins for investment.
Additionally, declining inflation is expected to boost demand for riskier assets like cryptocurrencies. At the forefront, Toncoin (TON) will be a project at the intersection of crypto and Web2. On the weekly chart, Toncoin’s price rose by 11%, reaching above $5.4. This is a sign that it’s worth betting on.
Cardano (ADA): Eyeing a New Peak
Cardano (ADA) is a layer 1 cryptocurrency and a DeFi giant. As a smart contract and blockchain platform, it facilitates the creation of decentralized applications. The recent Chang hard fork introduced chain governance to the ecosystem.
With declining inflation and a retest of levels last seen in February 2021, confidence in investing in volatile assets is rising. Cardano’s price is expected to retest its annual high of $0.7 in the coming weeks, potentially setting a new all-time high before year-end.
If the Federal Reserve lowers interest rates, the above price prediction for Cardano is likely to come true. With promising days ahead, Cardano (ADA) is an altcoin that shouldn’t be overlooked. Investors are currently choosing ADA as the top cryptocurrency for the fourth quarter, hoping to capitalize on the forthcoming bullish wave.
Conclusion
With declining inflation and a retest of February 2021 levels, interest in cryptocurrencies is expected to rise. Meanwhile, the upcoming reduction in Federal Reserve interest rates could trigger a new bullish wave. The top 3 tokens to hold for maximum benefit from this surge are Toncoin (TON), Cardano (ADA), and DTX Exchange (DTX). Meanwhile, check out the DTX presale to become an early adopter of the future of trading.