Altcoins to Watch: The Impact of Trump's Inauguration
With the impending inauguration of President Trump, investors are keeping a close eye on the cryptocurrency market, particularly altcoins. Ethereum (ETH) and Dogecoin (DOGE) are already showing promising trends.
Ethereum's Projected Ascent
Analysts predict a potential rally for Ethereum (ETH). Michael Van de Poppe anticipates a shift that could elevate its price. Merlijn The Trader foresees an impressive surge to $10,000, potentially rewriting market history.
CaptToblerone suggests that 2025 holds favorable prospects for ETH, projecting a surge to $5,200 this year. However, he also cautions that a sharp decline to $1,200 may occur later.
Currently, ETH has experienced a modest weekly gain of 0.3%, but remains bearish on the monthly timeframe with a 17.3% loss. Bullish momentum, however, is evident in technical indicators such as the Average Directional Index (14) and Hull Moving Average (9).
Dogecoin's Post-Inauguration Boost
Chandler predicts a surge in Dogecoin (DOGE) value following Trump's inauguration on January 20th. He cites a historical precedent of a post-election price spike.
Chandler forecasts a rally to $2.50 and potentially $6 in the coming months. Currently, DOGE trades near $0.4, showing a 11.1% weekly increase and 10.2% on the biweekly chart.
Technical analysis reflects a bullish sentiment for Dogecoin, with the Fear and Greed Index indicating sustained investor interest. Additionally, indicators such as VWMA (10) and Hull Moving Average (9) point to a potential price surge.
DTX Exchange: A Hybrid Trading Powerhouse
DTX Exchange (DTX) emerges as a hybrid platform combining the advantages of centralized (CEX) and decentralized (DEX) exchanges. It offers a unified trading environment for all levels of traders.
Beyond its hybrid model, DTX Exchange allows investments in various asset classes, including cryptocurrencies, stocks, ETFs, commodities, and bonds. Security is prioritized through non-custodial storage solutions that minimize control over users' private keys.
DTX Exchange has garnered significant attention during its presale, raising over $11.9 million with a price of $0.14. Over 300,000 wallets have been created, highlighting its potential to transform the global trading landscape.
Invest in Altcoins: Ethereum, Dogecoin, and DTX
Trump's inauguration may signal a new era for altcoins. While Ethereum (ETH) and Dogecoin (DOGE) remain popular, DTX Exchange emerges as a notable contender with strong growth potential.