Altcoins have made an impressive recovery in the latter half of September, thanks to the recent Federal Reserve rate hike, which has alleviated selling pressure. As we enter October, analysts are filled with renewed hope and positive expectations.
Analysts anticipate that the price of Chainlink (LINK) will reach $14, while Cardano (ADA) is expected to regain control of the $0.45 region. Furthermore, there is significant optimism surrounding the new initial coin offering (ICO), DTX Exchange. Analysts predict that the price of its native token will surge by 100% in October.
In an exciting development, 21.co, the parent company of crypto exchange-traded products issuer 21Shares, has announced its adoption of Chainlink’s (LINK) proof of reserves service. This integration aims to enhance the transparency of 21.co’s wrapped Bitcoin, known as 21BTC, by providing real-time access to data about its reserves.
Looking at the monthly chart, the Chainlink price is currently consolidating between $9 and $13. It has experienced a 7% gain on the weekly chart and a 9% gain on the biweekly time frame. With Chainlink trading above the 50-SMA ($10.91), there is potential for it to reach new highs in the coming weeks. Analysts from Cantonmeow forecast that the value of Chainlink crypto could soar to $14 by October, making it one of the top altcoins to keep an eye on.
Cardano (ADA) has seen a remarkable surge of 32,848.01% in Large Holders Netflow, indicating a significant accumulation of the cryptocurrency by whales. Currently trading above the 50-SMA ($0.348181), Cardano shows bullish momentum. In the past month, Cardano coin has recorded 18 green days, which is above average. However, it faces major resistance at the $0.40 region, which it must overcome in the coming weeks. Should it succeed, the altcoin price could surge to $0.45 in October.
DTX Exchange is generating a lot of excitement in the crypto world. It has successfully progressed through its presale stages and is now at stage three, with a price of $0.06, marking a 200% increase from its initial price of $0.02. Analysts anticipate another 100% surge in October. The exchange has already raised over $2.7 million in funding and is projected to reach $4 million by October.
DTX Exchange aims to revolutionize online trading with its hybrid (CEX+DEX) platform, offering traders a comprehensive trading experience. Users can access over 120,000 items, including cryptocurrencies, gold, stocks, indices, and various CFDs, all within a single platform with high leverage of over 1000x. Additionally, DTX Exchange plans to enhance liquidity by creating distributed liquidity pools to minimize slippage during trades, providing users with a seamless trading experience regardless of market conditions.
Overall, analysts are optimistic about the potential price trajectory of Chainlink (LINK), Cardano (ADA), and DTX Exchange. With the positive sentiment in the market, these altcoins are expected to reach new targets. To learn more or participate in the presale, visit the DTX Exchange website and join the DTX community.
