Eric Balchunas has made a big announcement in the crypto space—he is changing the expected date of a spot Ethereum (ETH) ETF approval to July 2. This news excites traders because now more people will pay more attention to Ethereum coins. Some of those coins that are likely to skyrocket include DTX Exchange (DTX) and Chainlink (LINK). Let’s see why.
Eric Balchunas: The Spot Ethereum ETF Launch May Come Soon
Ethereum (ETH) has recently made headlines in the crypto market. According to ETF analyst Eric Balchunas, the spot Ethereum ETF launch may come sooner than expected – July 2, 2024. In his X post, he states that he came to this conclusion after hearing staff issuers’ comments on the S-1s, which were light and nothing major.
This Ethereum news could trigger a bullish rally for this crypto. Ethereum’s value has increased by over 100% in the past 12 months. Additionally, ETH is now trading above its 100— and 200-day EMAs while having 16 technical indicators in the green. Thus, experts predict the Ethereum coin will trade at $4,000 before Q2 of 2024 ends.
DTX Exchange (DTX): A Rising Star in the Ethereum Token Space
Meanwhile, DTX Exchange (DTX) is growing as one of the most promising Ethereum-based coins. This state-of-the-art trading platform combines features from DEX and CEX to create a unique trading experience for its users. For example, traders gain access to over 120,000 asset classes, such as stocks, bonds and cryptos, which are unmatched in any other exchange.
One of the most desirable features of DTX Exchange is that, unlike Coinbase, it does not require any sign-up KYC checks. Therefore, traders remain anonymous while trading their favorite assets. Additionally, they experience lightning-fast execution with transaction speeds as low as 0.04 seconds – a significant advantage over its peers.
At the core of this platform will be the DTX utility token. Holding this Ethereum-based coin will give you access to advanced trading tools and governance voting rights. Not only that, DTX Exchange will reward those who have $100 of DTX during its presale by participating in its $1M giveaway. In this giveaway, ten lucky traders win $100,000 each.
All these benefits have resulted in millions of DTX being sold. Thus, the DTX Exchange has raised over $700,000 so far, with projections hinting at $1M before June 2024 ends. Currently, one DTX costs just $0.04 in Stage 2 – a 100% increase from its starting price of $0.02. However, experts predict a jump to $0.5 once a Tier-1 CEX lists this Ethereum coin in Q3 of 2024.
Chainlink (LINK): Major Expert With a New Price Prediction
Chainlink (LINK) is another Ethereum coin riding a bullish wave. According to CoinMarketCap, the Chainlink price increased over 160% on the YTD chart. Crypto analyst World of Charts claims that this bullish trend will continue. In his X post, he states that a potential test of the yearly high of $22 may come for this Ethereum crypto soon.
The technical analysis of the Chainlink coin is also bullish. For instance, LINK is now trading above its 100 and 200-day EMAs. Due to all these reasons, experts have made a bullish Chainlink price prediction. They forecast a potential surge to $20 for LINK within Q2 of 2024.
Can DTX Exchange Outcompete Ethereum and Chainlink?
DTX Exchange and Chainlink are set to skyrocket as the crypto market anticipates the spot Ethereum ETF launch on July 2. However, DTX Exchange gains the edge since it has a lower market cap and connections to the $93.7T stocks market. Due to all these reasons, DTX is the best Ethereum coin right now since it will surge much faster and higher.
