As the summer of 2024 approaches, the cryptocurrency market becomes increasingly active. Thus, our analysts have picked out the top crypto coins that may experience rapid growth during that time. Let’s explain why DTX Exchange (DTX), Chiliz (CHZ), Polkadot (DOT), Tron (TRX) and Toncoin (TON) should be among your top picks for cryptos in the summer of 2024.
According to the World Economic Forum, the bonds market was valued at $133T in 2022 – and the DTX Exchange (DTX) has noticed. To capitalize on this flourishing market, it launched a unique hybrid trading platform combining CEX and DEX’s best. Therefore, it can access over 120,000 asset classes like bonds, stocks and cryptos with leverage of up to 1000x.
Furthermore, DTX Exchange stands out from its peers like Coinbase or Binance as it does not require any sign-up KYC checks. With privacy concerns growing rapidly and anonymity highly valued, this development could make DTX Exchange a fan-favourite among millions of global traders.
At the core of this platform will lie the DTX utility token. By holding it, users gain access to advanced analytics tools, priority customer support and reduced trading fees. In addition, holding $100 worth of DTX in its presale automatically enters you into a $1M giveaway. The DTX Exchange will reward ten lucky DTX holders with $100,000 each in this giveaway.
Speaking of its presale, DTX has been tremendous. It has raised nearly $600,000 and may reach $1M in June 2024. This rookie now costs just $0.04 in Stage 2 – a 100% rise from its starting price of $0.02. However, experts predict a $1 value for DTX once it hits Tier-1 exchanges in Q3 of 2024. Due to all these reasons, DTX is the best crypto to invest in.
Next up, we have to mention Chiliz (CHZ). According to CoinMarketCap data, the Chiliz price increased nearly 50% in the past year alone. Crypto analyst Captain Faibik claims this bullish trend will continue as CHZ is now on the cusp of a massive descending channel breakout. Faibik predicts a potential start to its bull run if this does occur.
The technical analysis for the Chiliz coin also supports this statement. Notably, Chiliz trades above its 100 and 200-day EMAs while boasting 28 green technical indicators. When making their Chiliz price predictions, experts in the crypto field note all these factors. Therefore, they forecast a potential jump to $0.20 for CHZ within Q2 of 2024.
Polkadot (DOT) is another one of the top crypto coins, as it has soared on the price charts. Over the last 12 months, the Polkadot price surged nearly 30%, according to CoinMarketCap. However, the crypto expert Crypto Yapper thinks that Polkadot is on the right track to see growth. In his X post, he forecasts a jump to $10 soon for DOT.
From a technical analysis perspective, this bullish trend for the Polkadot crypto is bound to continue. In fact, it is now trading above its 50—and 100-day EMAs while also having five green technical indicators. As a result, market analysts have made a bullish Polkadot price prediction. They predict that DOT will trade at $11 before the end of Q2 2024.
Due to some significant advances, Tron (TRX) is worth considering among other potential cryptos. The most important was the Tron announcement that the LayerZero network has officially adopted it. With this support, TRON developers can roll out DApps across many blockchains, significantly expanding their utility.
Regarding performance, the Tron coin value has increased by over 45% on the YTD chart. With bullish Tron news like this, this percentage is expected to rise even higher. Market analysts predict that TRX could achieve $0.15 by the end of Q2 2024, making it a good crypto to buy.
Last, we will discuss Toncoin (TON) – another member of the best cryptos to buy. This project has been on an uptrend as CoinMarketCap data shows that its value skyrocketed nearly 250% in the past year. During that time, the Toncoin market cap increased from $2B to $15B. This uptrend is projected to continue as sentiment around the crypto market is bullish.
The Toncoin crypto technical analysis also has some positive signals. For example, Toncoin is now trading above its 50—and 100-day EMAs and 26 indicators are in the buy zone. In their Toncoin price predictions, experts in the crypto field forecast a rise to $3.15 before Q2 of 2024 ends.
In the summer of 2024, DTX Exchange, Chiliz, Toncoin, Polkadot and Tron have the potential to grow very high. However, one of them gains the upper hand – DTX Exchange. With a low market cap, this rookie will tap into the trillion-dollar FX market. This means DTX will surge much faster than these other coins – making it the best crypto investment.
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