The highly anticipated US election is weeks away, with early voting underway in more than 30 states. Optimism around a potential Republican victory drives huge inflows into digital assets. Conishare’s recent Digital Asset Funds Flows Weekly Report highlighted digital asset inflows hitting $2.2 billion.
Top altcoins like NEAR Protocol (NEAR) and Avalanche (AVAX) ride this wave, swinging high. Also in the spotlight is DTX Exchange (DTX), a novel hybrid blockchain. Its intersection between TradFi and DeFi via a unified Layer-1 blockchain prompts experts to hail it as the next big thing.
DTX Exchange (DTX): The Next Crypto Unicorn
DTX Exchange (DTX) is a new blockchain-based project with a unique offering. Its hybrid Layer-1 blockchain will incorporate traditional financial instruments with Web3 products, bridging the gap between TradFi and DeFi.
The above will make it a one-stop platform where users can trade diverse asset classes, including stocks, bonds, ETFs, forex, commodities and cryptocurrencies. In addition, it will combine the best elements of DEX and CEX, striking a balance between accessibility, privacy, transparency and security.
On track to reshape the $10 billion global trading space, it has been hailed by experts as the next crypto unicorn. It is in the fourth round of the ICO, undervalued at $0.08. Tipped for a timely 50x rally after listing, it is one of the new DeFi projects to keep on the radar, poised to overtake NEAR Protocol (NEAR) and Avalanche (AVAX) in gains.
NEAR Protocol (NEAR): AI is NEAR
NEAR Protocol (NEAR), a Layer-1 blockchain, is a community-run cloud computing platform. It eliminates key blockchain limitations, notably low transaction speed, poor interoperability and low throughput.
The above makes it an ideal environment for dApps and developers. Meanwhile, the recent strategic partnership between Aethir and NEAR Protocol (NEAR) will unlock the future of AI innovation. In response to this post on X (formerly Twitter), it wrote, “AI is NEAR.”
On the market front, the NEAR Protocol price consolidates between $5.2 and $4.8. With a breakout anticipated in the coming days and a retest of its monthly high of $5.8, it is on the list of altcoins to watch. Moreover, a projected rally above $10 before the year’s end makes it one of the best cryptos to invest in.
Avalanche (AVAX): Crypto Card is Live
Avalanche (AVAX) is one of the top altcoins, ranking among the top 15 cryptocurrencies. The Layer-1 blockchain is a platform for decentralized applications and custom blockchain networks. One of its competitive advantages is high transaction output without compromising scalability.
In a bold move, Avalanche (AVAX) launched a credit card for crypto payments. Hailed as groundbreaking, this move will bridge the gap between traditional finance and cryptocurrency, accepted anywhere Visa is. This development, shared via an X post, aims to simplify the process for users to convert and spend their digital assets both online and in physical stores.
This, alongside optimism around the US election, drives demand for AVAX. The Avalanche price is around the $30 mark, with a 30% spike in trading volume in the past 24 hours. On track for a rally past $50 before the curtain closes on the year, it is on the list of the best altcoins to invest in.
Conclusion
The optimism around the upcoming US election sparks a buying spree, with NEAR Protocol (NEAR) and Avalanche (AVAX) in the spotlight. DTX Exchange (DTX), a novel hybrid blockchain, is also at the heart of the current market buzz, aiming to transform the global trading scene. With a projected 50x rally after listing, it is a promising wave not to miss.
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