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The post Three entry-level coins perfect for new investors: DTX, Polygon, and Pepe appeared first on Coinpedia Fintech News
New to the cryptocurrency world and seeking entry-level coins for investment? You’ve come to the right place! This article examines three ideal options for novice investors: DTX, Polygon, and Pepe. These coins serve as excellent starting points for those venturing into the crypto market.
Boasting affordable prices and promising growth potential, they present an enticing opportunity for beginners. Whether you’re a seasoned investor or just beginning your journey, this article equips you with the necessary information to make well-informed decisions.
Pepe dives 32% this week: Possible long-term reversal
PEPE has experienced recent outflows, dampening previous gains amid the memecoin craze. Currently, it trades in sync with other memecoins, witnessing outflows due to crypto asset liquidations. Over the past 24 hours, PEPE has dipped by 0.3%, correlating with broader market movements as the Bitcoin halving approaches. Weekly, it’s down by 32%, and monthly, by 20%.
Earlier this year, PEPE surged by over 700% in just 30 days during a memecoin frenzy. However, with declining market sentiment and reduced inflows, most assets, including PEPE, suffered losses leading up to the Bitcoin halving. Analysts anticipate the next altcoin upswing to be driven by the halving’s impact, as increased Bitcoin prices typically spill over to memecoins with strong community engagement.
Despite recent setbacks, PEPE’s on-chain data suggests a significant number of holders remain in profit territory from the coin’s previous rally, indicating the potential for recovery and long-term rebound.
Polygon sees whales stacking up as Matic price eyes $1
Amidst the buzz surrounding the Bitcoin halving, Polygon (MATIC) emerges as a standout player in the cryptocurrency sphere, drawing attention from investors and enthusiasts alike. Despite MATIC’s price hovering below $0.70 amidst market challenges, significant accumulation by whales underscores a positive sentiment toward the Layer-2 blockchain.
While MATIC, like other digital assets, has faced downward pressure amid market turbulence, recent whale activity indicates a bullish stance. Notably, a major whale withdrew nearly 1.9 million MATIC tokens from Binance to an on-chain wallet, suggesting increased holdings.
Despite the current dip, traders anticipate a potential uptick in MATIC’s price, setting targets at $0.95 and $1.29. MATIC previously sustained a price above $1 for a month starting February 21, 2024, and reclaimed this level after a minor correction by April Fool’s Day.
Looking ahead, MATIC’s price is poised to surpass its previous peak, potentially driven by a breakout in the cryptocurrency space. With its all-time high (ATH) at $2.92, expectations are high for MATIC to breach the $3 threshold in the months following the Bitcoin halving.
DTX Exchange: The best coin for new investors
DTX Exchange stands as a comprehensive investment platform catering to both seasoned investors and newcomers. With access to over 120,000 assets spanning Crypto, Stocks & Bonds, Forex, and Commodities, it offers a diverse range of investment opportunities.
Noteworthy for its high-velocity trading, the platform boasts an average execution speed of 0.04 seconds, enabling investors to capitalize on opportunities swiftly. Additionally, DTX Exchange provides up to 1000x leverage on select assets, allowing traders to control large positions with minimal capital. For new investors, the platform offers a wealth of charts, graphs, and analytical tools at their fingertips, aiding in informed decision-making.
Furthermore, it supports quantitative and algorithmic trading, providing an advantage for those seeking automated strategies. Compliant with international financial regulations, DTX Exchange ensures a secure and compliant investment environment, making it an excellent choice for investors at all levels.
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