The crypto market charts have been in a sad state since the Fed announcement in December. The surging and positive markets lost momentum as positive outlooks turned bearish and experts revised their forecasts and pricing prospects. Meme coins were also affected by this downturn, as most lost the gains they booked since November.
Dogecoin’s price was also affected, and most of its gains were eroded. It booked a high of $0.476 in early December and then started losing ground. However, what is worrying investors is that the meme coin lost its momentum before the Fed announcement and has been dropping since December 10, almost a week before the markets dropped.
With its revolutionary approach to asset trading, DTX Exchange is creating waves in cryptocurrency. It uses its Vulcan X blockchain to tokenize real-world assets. Once assets are converted into tokens, investment barriers are eliminated and liquidity enhanced. Regular inventors can then acquire fractional ownership of these tokens at low costs. DTX Exchange presale has been amazing, with its token price rising by 600% from $0.02 to $0.14 in Stage 7.
Dogecoin Price Gains 5% Overnight
Dogecoin’s price dropped 22% in the monthly charts, which moved DOGE investors to lock in their profits. However, in the last 24 hours, DOGE charts have turned green. DOGE’s market cap is at $48.81 billion, with a 4.37% rise. The market volume is up 12% at $2.34 billion. Dogecoin’s price is currently at $0.33, with a 4.4% gain in the past 24 hours.
Source: CoinMarketCap
Based on the current trend, Dogecoin’s price could easily reach $0.36 or $0.38 as the next price target. If DOGE continues to surge on the meme coin revival since Elon Musk’s profile change, this should not be a difficult task. Conversely, a drop below the $0.30 resistance will probably test the $0.27 support level.
DTX Exchange: Lightning-Fast Transactions, Sky-High Returns
DTX Exchange (DTX) is a trading platform that saves traders from the hassle of switching between different platforms to trade in different assets. The platform’s VulcanX, a layer-1 blockchain, enables it to connect different forms of assets at one point. Besides this, DTX Exchange is bringing ETF trading options for everyone.
This is a big feature because users who cannot trade ETFs in their home countries can trade in tokenized ETFs on the DTX Exchange. DTX Exchange (DTX) recently launched its testnet on the blockchain, which delivers an estimated TPS of over 100,000, making it the fastest in the industry. This all adds to the hype surrounding the project.
The DTX token is available for $0.14 in stage 7 of its presale. The platform has raised a staggering $11.2 million so far. Experts recommend investing in the token as soon as possible to get explosive returns before the DTX price shoots to $0.16.
Conclusion
DTX Exchange (DTX) is a promising new ICO with plenty of room for growth. In addition to its price growth prospects, its future transformation of the crypto trading scene makes it a high-utility altcoin to hold on to. It combines CEX and DEX and bridges the gap between TradFi and DeFi.
Due to its ability to bridge the gap between conventional and decentralized finance, DTX Exchange is ready to become a major player in the crypto world. With its focus on increasing accuracy and efficiency in trading, DTX is set to take center stage in the crypto markets in 2025. Its launch on Tier-1 exchanges is fast approaching, potentially boosting it into the list of top cryptocurrencies.
To know more about the DTX Exchange ecosystem, Check out:
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