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You are at:Home » Professional Data Scientist Report: The Top 3 Altcoins Of 2024 Are Not What You Were Expecting
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Professional Data Scientist Report: The Top 3 Altcoins Of 2024 Are Not What You Were Expecting

Most large-cap coins struggled in the previous correction, while some showed good strength, such as Fantom (FTM) and Near Protocol (NEAR)
Neelesh RoyBy Neelesh RoyOctober 22, 2024Updated:October 22, 2024No Comments3 Mins Read
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Professional Data Scientist Report The Top 3 Altcoins Of 2024 Are Not What You Were Expecting
Professional Data Scientist Report The Top 3 Altcoins Of 2024 Are Not What You Were Expecting
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With the crypto market’s breakout, investors are searching for potential coins. Most large-cap coins struggled in the previous correction, while some showed good strength, such as Fantom (FTM) and Near Protocol (NEAR). However, smart investors are shiting towards small caps in their emerging stages.

With the data analysis, systematic investors have picked the top 3 altcoins, with one potential small-cap—DTX Exchange (DTX) and two large-caps—Fantom (FTM) and Near Protocol (NEAR). According to him, these coins can lead the upcoming bull rally in their respective sectors.

Fantom (FTM) Takes Support At 10-Periods Moving Average

Fantom (FTM) has shown good momentum after bottoming out in early August. After breaking out from the descending trendline and double bottom pattern, FTM has increased by nearly 50%. The volume in the consolidation period has deceased, which is a good sign because of the absorption of supply in Fantom (FTM) price.

However, in the last 30 days, Fantom (FTM) has been consolidating in the $0.61 – $0.77 range. It gets support from 10 DMA, so Fantom’s price action is linear. It is hovering below the last swing high and the breakout zone of $0.80.

Near Protocol (NEAR) Volatility Decreases In Pennant Pattern

Near Protocol (NEAR) also broke out of the descending trendline resistance on 19th September and made a high of $5.8, increasing 34% from the breakout level. However, NEAR has been trading under a pennant pattern with key moving averages as support since then. The volatility of the pattern decreased after consolidation with volume drying. The $5 level is the major resistance zone for the Near Protocol (NEAR) price.

The current RSI of Near Protocol (NEAR) is 53, indicating neutrality between buyers and sellers. If Near Protocol breaks out, $6 and $6.5 are the next major hurdles. In case of a downtrend, $4.9 and $3.6 are major support levels.

DTX Exchange (DTX) To Become Best Project Of 2025

DTX Exchange has named itself one of the best emerging smallcap coins, and its recent gain of more than $5 million has proved its capability. By its fourth presale stage, DTX Exchange gathered over 7,326 holders who invested in the coin. The DTX Exchange strives to change trade dynamics and become the leading exchange worldwide. DTX’s unique hybrid nature has proven advantageous, attracting traders to the platform.

The DTX Exchange testnet has been launched at a remarkable speed of 10,000 TPS. DTX provides a range of more than 120,000 trading instruments, working at a remarkable speed of 0.4 milliseconds. DTX has an unparalleled buying power of up to 1000X, allowing traders to hold extensive positions with very low margins.

As Fantom and Near Protocol continue to show strong network performance, DTX Exchange (DTX) has built investor confidence with its advanced technology and strong security measures. This creates exciting opportunities and offers impressive rewards for users.

Learn more:

Buy Presale

Visit DTX Website

Join The DTX Community

Read Also: Bitcoin Eyes Bullish Breakout After 10% Surge, Analysts Predict $74,000 Target and Beyond

Disclaimer: Information provided on AlexaBlockchain is for informational purposes only and not financial advice. Crypto investments, including ICOs, IDOs, presales, and other token offerings, are highly risky. You are responsible for conducting your own research (DYOR) before making any financial commitments. Take professional advice before making any investment. Read complete disclaimer here.

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Neelesh Roy
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Neelesh Roy is a seasoned financial journalist with a focused expertise in the cryptocurrency market. With a solid foundation in mass communication, his career began in the bustling world of stock markets, where he honed his skills in financial reporting and analysis. Transitioning to cryptocurrency, Neelesh has spent the past two years covering this volatile and exciting sector.

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