Hashdex Files for Combined Bitcoin and Ethereum ETF While These 5 Undervalued Cryptos Could Make You Rich This August
Hashdex has filed for an ETF that combines Bitcoin and Ethereum. This shows how much closer crypto coins have come to traditional finance systems. Everyone’s watching Bitcoin and Ethereum, but a few cryptos below $1 could also make big moves this month.
These include DTX Exchange (DTX), Ripple (XRP), Arbitrum (ARB), Notcoin (NOT) and Sui (SUI). While some of them are known among traders, DTX Exchange is a rookie now in Stage 2 of its presale. This phenomenon has already raised over $1.1M and will reach $2M in August 2024. Thus, market analysts have it pegged as the next 50x crypto this year.
DTX Exchange (DTX): One of the Best Cryptos Right Now
DTX Exchange (DTX) is a rapidly growing player in the crypto market. Its ongoing presale has already provided early buyers with a 100% ROI. This impressive performance caught the eye of Crypto Royal on YouTube, who stated that DTX Exchange could take over the billion-dollar online trading sector.
What makes DTX Exchange unique is its hybrid trading platform, which combines CEX and DEX features. Therefore, users can trade over 120,000 different asset classes, such as FX, gold and cryptocurrencies, without having to undergo invasive KYC checks. This method is likely to attract millions of privacy-concerned traders and make DTX Exchange stand out.
The DTX utility token acts as the backbone of this system. Holding it will bring you access to advanced analytics tools, reduced trading fees and even governance voting rights. Additionally, if you buy $100 worth of DTX during its presale you will be entered into a $1M giveaway. In this giveaway, ten people will win $100,000 each.
The DTX price is currently at $0.04 as it is in Stage 2 of its presale—a 100% rise from its starting price of $0.02. However, this value will soar to $0.06 once Stage 3 begins—a 50% ROI if you buy it now. Due to all these reasons, market analysts forecast a potential 50x surge for DTX once a Tier-1 CEX lists it in Q3 of 2024, making it the best crypto to buy.
Ripple (XRP): A Rally May Come
Ripple (XRP) is another good crypto to buy. According to CoinMarketCap data, the Ripple price fell nearly 10% in the past 12 months. However, crypto analyst Yoddha made a bold statement. In his X post, he claims that after years of consolidation, the Ripple crypto might show a rally to the $15 mark.
The technical analysis for the Ripple coin also paints a bullish picture. For instance, XRP is trading above its 100 and 200-day EMAs with 26 green technical indicators. As a result, experts in the crypto field foresee its value reaching $0.68 before Q3 of 2024 ends in their Ripple price prediction.
Arbitrum (ARB): EDU Now Bridged
Next, we have to discuss Arbitrum (ARB), one of the top crypto coins at the moment. Recently, Open Campus announced that EDU has been bridged to Arbitrum. This development will drastically simplify bridging from the Arbitrum bridge to the EDU Chain mainnet.
This bullish Arbitrum news could cause an uptrend for its token. Speaking of which, ARB’s value dropped by 40% on the YTD chart. Nevertheless, around six technical indicators are in the buy zone for Arbitrum. Therefore, market analysts predict this crypto will trade at $1.05 within Q3 of 2024.
Notcoin (NOT): A New Bullish Cycle Soon
Analysts have also highlighted Notcoin (NOT) as one of the summer’s best cryptos. CoinMarketCap data shows that the Notcoin price surged over 30% in the past year alone. Analyst Crypto-ROD remains bullish for this coin as well. According to his X post, NOT looks very good for a potential new bullish cycle, peaking at $0.032.
The technical analysis for the Notcoin crypto supports this claim. Currently, NOT boasts around three technical indicators in the buy zone. Experts consider all these factors when making their Notcoin price prediction. As a result, they predict its value will reach $0.018 before Q3 of 2024 ends.
Sui (SUI): Achievement Unlocked
Last, we will talk about Sui (SUI). Recently, Sui announced that it has reached a new milestone—over 15M total active accounts. This achievement shows that SUI’s community is growing while it soars on the price charts. The Sui crypto value grew over 15% in the past 12 months.
Also, Sui is now trading above its 50-day EMA while having three technical indicators in the green. Due to all this bullish Sui news and indicators, experts remain confident about its growth potential. They forecast a potential jump to $1.45 before Q3 of 2024 ends for Sui.
Concluding Remarks on the Top 5 Cryptocurrencies in August
Hashdex’s filing for a combined Bitcoin and Ethereum ETF has recently captured headlines. However, analysts point to these five undervalued crypto coins that could skyrocket this August. Among them, DTX Exchange stands out as it has connections to multiple trillion-dollar financial markets as well as a lower market cap than Ripple, Arbitrum, Notcoin and Sui.
In other words, DTX will soar much faster than its peers, as it needs fewer new funds while remaining more stable in the long run. Follow the links below to sign up for the DTX Exchange presale.
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
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Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
