Bitcoin (BTC) is comfortably sitting above the $80,000 support, and as a result the crypto market is seeing huge shifts in the green. If BTC does not go below this support, then these 3 altcoins are in an ideal technical position to generate a lot of profits. The highest potential altcoins for this week areDogecoin (DOGE), Avalanche (AVAX), and DTX Exchange (DTX).
BTC Price Nears $80K: Why This Support Level Matters
The rise of BTC to near $90,000 was an explosive one, and many experts think that the $80k support level is crucial. is critical support that may underpin the wider crypto market. Analysts are watching BTC as a possible launchpad for altcoins, if it manages to hold this key support.
Source: CoinMarketCap
Currently trading at $87K, BTC has increased over 35% in the last month. If Bitcoin manages to stay above $80K, this should generate confidence in the market and push negative volatility lower, attracting more capital inflow to more and more altcoins. Past experience suggests these tokens have a chance to pump by 50% or more, on the back of stable support levels.
Dogecoin (DOGE): The Market’s Original Memecoin on a Growth Path
BTC’s rally is taking Dogecoin, a top 10 asset by market cap, up with it. With the recent momentum, the OG memecoin managed to climb to the number 6 position by market cap. Currently DOGE trades at about $0.38, experiencing a massive 90% increase on the weekly charts.Â
Source: CoinMarketCap
With a supportive BTC price of $80K behind it, DOGE could surge to a new ATH of $1. Coupled with the major support of celebrities like Elon Musk, many analysts think that this isn’t the end of Dogecoins November rally.
Avalanche (AVAX): Up 20% on the Weekly Charts
Next, we have Avalanche, which is a decentralized blockchain with high throughput and an open proof-of-stake. Many DeFi apps and NFT projects support the Avalanche ecosystem, which gives this ecosystem a clear advantage and popularity. Profiting from the BTC wave, it saw a 20% increase over the last 7 days.
Source: CoinMarketCap
Currently trading above the $30 support, many experts think that Avalanche is undervalued, with the potential of a 50% increase by the end of November. Due to its cutting edge technology and its strong use cases, AVAX is also a good choice for investors focusing on the decentralized application wave.
DTX Exchange (DTX): Bridging TradFi and DeFi with Revolutionary Hybrid Trading
DTX Exchange (DTX) is a novel platform that brings the centralized (CEX) and decentralized (DEX) aspects together and sparked serious investor interest. Having an Ethereum-Solana hybrid model positions DTX as a force to be reckoned with in the crypto space when it comes to mainstream adoption. Designed to bring traditional financial instruments together with DeFi assets, DTX Exchange provides users the ability to access a wide array of assets, from stocks and bonds to forex and cryptocurrencies, all within the unified blockchain environment.
DTX tokens are currently in presale, where you can buy them for as low as $0.08, offering an attractive entry point at such a promising project. Drawing attention from early investors, the project’s integration of over 120,000 asset classes within one ecosystem has contributed to DTX reaching $7.3 million in presale contributions.
Conclusion: Maximize Gains with DOGE, AVAX, and DTX as BTC Maintains Strong Support
The support level for Bitcoin at $80K will serve as a catalyst, helping the cryptocurrency market bounce back against the ongoing selling pressure, while also pushing up popular names such as DOGE and AVAX. But, if you are looking for the real game changer, DTX Exchange featuring its innovative approach to trading and asset access puts it on a rapid track towards mainstream adoption and explosive growth.
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