With the much-anticipated April halving event just days away, Bitcoin headed back to its all-time high since mid-March.
After January’s introduction of the spot Bitcoin ETF, the halving is the second significant trend that could boost the price of BTC in 2024. However, in the past few months, BTC miners have become more volatile after prices rallied in early 2024.
This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.
Amid these market fluctuations, Bitcoin halving is seen as an important bull market event. Before it happens the event, Bitcoin Cash, Ethereum, and DTX Exchange are seen as potential key additions. This is due to their significant growth potential.
In this article, you can look for the reasons why these altcoins are listed as potentially important additions to most crypto wallets:
Bitcoin Cash Price Analysis: On the Way to the $1,000 Mark
According to the latest price update of BCH, it hovers around $610 as of April 12. Technical indicators point to bullish, bullish 85% market sentiment. The Fear and Greed Index shows that greed prevails with 75 points. For one month, BCH price volatility is around 13%, with $12.018 billion worth of BCH currently in circulation.
In March 2024, the price of Bitcoin Cash shows green candle for 19/30 days. That makes 63% green days. It has demonstrated positive momentum, thus increasing by 40% in one month.
As a result of this significant growth, its current value has increased by an average of $258. Such a rapid increase suggests that if its upward trajectory continues, the coin could become a sound investment. Analysts predict a sharp price increase to $1,000. It is because of its great potential that this coin is pointed out as an important addition before the BTC halving.
Ethereum On Track To Reach $4,000 Target?
Ethereum currently appears to be establishing an ascending channel; this structure could indicate a continuous rise towards $4,000. On the chart, the ascending channel is indicated by two parallel lines that tend upwards. This pattern illustrates a slow but steady uptrend by capturing price swings between higher highs and higher lows.
The upper line of the Ethereum channel represents the price peak before a small decline, and the lower line appears to act as a springboard from which the price recovers.
The level at $3,500 represents a resistance zone that Ethereum has met A strong push through this line could open the door to a test of higher resistance, with the ultimate target being the upper limit of the channel and even higher, up to $4,000.
Ethereum is currently trading near $3,500, which corresponds to the middle of the channel and is a critical area that the bulls need to protect. Thus, the potential for growth can make the altcoin an important addition to the wallet.
DTX Exchange (DTX) Becomes Key to Growth with 1,000X Leverage Features
DTX Exchange (DTX) is a trading exchange that enables users to participate in the trading of cryptocurrencies, forex, stocks and contracts for difference (CFDs). The platform features state-of-the-art infrastructure and innovative trading features, offering users unparalleled opportunities. In particular, DTX will be the first large-scale exchange to provide users with 1,000X leverage while eliminating the need for KYC (know-your-customer) processes.
The platform aims to increase trading efficiency by leveraging distributed liquidity pools, ensuring seamless transactions with reduced slippage. In addition, it offers various products, including DTX wallet and multi-layer accounts, which meet a wide range of user requirements and enhance the overall trading experience.
The DTX Exchange offers decentralization and security through its non-custodial wallet. Merchants retain full control of their private keys and digital assets, reducing the risk of compromise in the event of a security breach. This commitment to individual ownership and responsibility aligns seamlessly with the ethos of the project.
The currently ongoing pre-sales may be the best time for enthusiasts to become part of the DTX Exchange and play an integral role in shaping its future. With the total volume of decentralized exchanges reaching around $24 trillion in the last 447 hours, DTX may be poised to take advantage of this market opportunity, especially considering the platform’s token price, which during the presale is $0.02 per coin .
Find out more:
Visit the DTX Presale
Read the white paper
Join the DTX community
This article is sponsored content and does not reflect the opinion of the CryptoDnes team. The material does not constitute investment advice and is provided by the respective company.
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