- October 31, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
The post Positioning for the Upcoming US Election – 3 Top Cryptos That Whales are Betting on: Solana (SOL), Pepe (PEPE) and DTX Exchange (DTX) appeared first on Coinpedia Fintech News
The upcoming US election is the most anticipated event this quarter, less than a week away. While Trump’s presidency will drive an instant bullish reaction, given his pro-crypto stance, many are unsure where Kamala stands regarding crypto. Regardless of the outcome, the market is poised for a parabolic run and the top three cryptos that whales are betting on are Solana (SOL), Pepe (PEPE) and DTX Exchange (DTX).
SOL has been one of the best-performing L1s, offering stability and huge upside potential, while PEPE, the leading frog-themed memecoin, is set to lead the meme sector. Meanwhile, DTX, a novel exchange-based token at the intersection of TradFi and DeFi, is a new altcoin to watch out for.
DTX Exchange (DTX): On Track for a 65X Uptick
DTX Exchange (DTX) is one of the few altcoins whales are showing a keen interest in. It stands out in the ICO landscape as a hybrid trading platform—blending the best elements of CEX and DEX. Further, it is at the crossroads between TradFi and DeFi as a one-stop platform for trading diverse asset classes.
As an emerging cryptocurrency, it has more room for growth than popular altcoins, edging out promising ones like Solana (SOL) and Pepe (PEPE). Meanwhile, it is undervalued at $0.08 in the fourth round of the ICO, offering a low entry to a projected 65x gain before the year’s end.
With its market debut inching closer, it has been hailed as the best new crypto to invest in, driving whale interest. In addition, its future transformation of the $3.2 billion global trading market through a hybrid exchange protocol makes it a force to be reckoned with. Currently stirring market buzz is the launch of its Phoenix wallet, which will allow seamless pay, borrowing and sending of crypto.
Solana (SOL): Tipped for a Yearly Close Above $350
Solana (SOL) is quickly becoming a household name in crypto, hot on the heels of Ethereum and BNB. The DeFi platform is a favorite destination for cutting-edge dApps and its memecoin ecosystem is one to beat.
Following the latest market bounce, the Solana price exploded. It touched $183 earlier this week, inching close to its March high of $200. In the past 7 days, it gained over 7%, reflecting bullish sentiment. Boasting more room for growth, a Solana price prediction hints at a yearly close above $350, hailed as one of the best cryptos to invest in.
Rising whale activity is a bullish indicator, signifying trust in its potential. With the upcoming US election set to inject a fresh dose of optimism into the market and end uncertainty, Solana (SOL) is a top crypto to invest in.
Pepe (PEPE): Poised to Lead the Memecoin Market
Pepe (PEPE) stands out in the meme scene courtesy of its unique memetic appeal. It is inspired by the 2000s internet meme Pepe the Frog, representing a breath of fresh air in a meme ecosystem dominated by dog cryptocurrencies.
It debuted in the second quarter of 2023 and has risen to the ranks of top cryptos thanks to its vibrant community and memetic appeal. With several all-time highs this year already, it hasn’t run out of steam.
The Pepe price exploded over 700% on the yearly chart, making it one of the best bets this year. Set to lead the meme market again, the frog-themed cryptocurrency is among the best coins to invest in.
Conclusion
The three altcoins whales are betting on for better positioning after the US election are Solana (SOL), Pepe (PEPE) and DTX Exchange (DTX). Regardless of the election outcome, the market is expected to react positively and these cryptos are promising waves worth taking advantage of.
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