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Crypto price predictions: Mantra, DeXe, Toncoin, IOTA

Author: Content Editor
Crypto price predictions: Mantra, DeXe, Toncoin, IOTA
The cryptocurrency market experienced a rebound over the weekend, with the total market capitalization surpassing $3.20 trillion and the fear and greed index reaching a neutral level. This recovery was driven by speculative beliefs among crypto investors that these coins will perform well in the coming year. Four specific coins were highlighted in the article: Mantra (OM), DeXe (DEXE), Toncoin (TON), and IOTA (IOTA).

Mantra (OM) has seen significant growth over the past 12 months, going from a small coin to a $7 billion asset. Its price has surged from $0.09 to over $9, outperforming popular coins like Bitcoin and Ethereum. Factors contributing to its success include high staking yields, regular airdrops to holders, and its presence in the Real World Asset (RWA) tokenization industry. The chart suggests that the price will continue to rise, potentially reaching $10 before resuming a downward trend.

Toncoin (TON), the crypto project associated with Telegram, has faced challenges due to legal issues involving its founder, Pavel Durov. The TON price has plummeted, and the total value locked (TVL) in its DeFi ecosystem has also dropped. Various tokens within its ecosystem, such as Hamster Kombat and Notcoin, have experienced significant losses. The chart indicates that TON's price is likely to continue falling, with sellers targeting a key support level at $2.9154.

DeXe (DEXE) Protocol is a Web3 governance protocol known for its substantial staking yields. Similar to Mantra, DEXE has performed well in recent months, with its price surging from $1.87 to $20. The chart suggests that the price may undergo some consolidation in the handle phase but is likely to see further upward movement, with a potential target at $27.20.

IOTA (IOTA) has seen a decline in price from its peak at $0.6362 to $0.2280. The chart indicates a potential bearish crossover pattern forming between the 100-day and 50-day exponential moving averages, while also showing signs of a bullish divergence pattern with the RSI and MACD pointing upwards. Additionally, a falling wedge chart pattern suggests a potential bullish breakout, with a reference level at $0.35.

Overall, the article provides insights into the price predictions for Mantra, DeXe, Toncoin, and IOTA, highlighting their recent performance and potential future trends.

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