The market has been choppy so far in August but there is light at the end of the tunnel. Falling US inflation and expected rate cuts are expected to usher in a fresh bullish wave, prompting bullish forecasts. This post will cover this month’s price predictions for ORDI (ORDI) and Lido DAO (LDO) and why they are altcoins to watch out for.
Additionally, it will delve into the buzz around DTX Exchange (DTX), explaining whether or not it is worth the hype. This emerging altcoin stands at the intersection of TradFi and DeFi, aiming to transform the $10 billion global trading market with its hybrid approach.
DTX Exchange (DTX): A Good Crypto to Buy
DTX Exchange (DTX), an emerging altcoin that combines the best elements of CEX and DEX, is the latest sensation on the investment block. It stands out courtesy of its solid fundamentals and impending transformation of the global trading industry. Contributing to its appeal is its astounding growth prospects as a low-cap gem.
The ongoing presale offers a good, perhaps the best, opportunity to become an early adopter. A token is priced at just $0.04 in the second round of the ICO, with a staggering $1.3 million raised so far. Mere participation in the presale guarantees a 200% gain by the launch date, not to mention a projected 50x upswing after its market debut.
In light of the above, it is primed to outclass top crypto coins like ORDI and Lido DAO. Further, its hybrid exchange protocol is set to compete with established players. It will allow the trading of diverse assets across TradFi and DeFi, making it a new player to watch out for.
ORDI (ORDI): Bullish Forecasts Point Toward a $50 Upswing
ORDI (ORDI), the first BRC-20 token to be created via the Ordinals protocol, is a popular name in the crypto scene. It operates on the Bitcoin network and oftentimes than not trades in tandem with BTC. After a July and early August downturn, recent price actions show strength.
The ORDI coin approaches $30 support, which analysts believe it will flip in the coming days. Trading above this level will no doubt boost investors’ confidence, potentially hitting $50 before the month’s end.
However, a fall below $20 spells more doom. This ORDI price prediction is dependent on the overall market sentiment in the coming days. Nevertheless, its long-term outlook remains promising.
Lido DAO (LDO): Sights Set on $3
Lido DAO (LDO), a decentralized autonomous organization (DAO), provides staking infrastructure for blockchain networks. It takes a decentralized approach to finance, poised to reshape TradFi. Its blend of on-chain governance and smart contracts makes it a key player in the crypto scene.
Trading in tandem with the wider crypto market, the Lido DAO token registered an annual peak price of $3.7 in the year’s first quarter. It further cemented its leading status in the DeFi world, making its way to savvy investors’ portfolios.
Despite a significant decline from this peak, a Lido DAO price prediction hints at a rally past $3 this August. An overall market jump, not forgetting rising demand and adoption, will propel its price. However, a decline below the $0.8 support might spark a decline below $0.5. With the coming days building up to be exciting, LDO is nonetheless a horse worth backing.
Conclusion
As the crypto market gains momentum, ORDI and Lido DAO are primed for major leaps. Meanwhile, DTX Exchange is a new DeFi project to watch out for. Participation in the presale guarantees a 200% gain, alongside a projected 50x upswing after its debut.
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