Dogecoin (DOGE) creator has clarified that he has no intentions to release a new crypto project. This announcement has created a vacuum in the market and people have been wondering who would step into the gap. This is where DTX Exchange (DTX) comes in.
Analysts believe DTX Exchange has the potential to fill the void due to its hybrid model and connection to the TradeFi and DeFi market. Meanwhile, Chainlink (LINK) predicts the value of the global tokenized asset market could hit $10 trillion by 2030.
I Will Not Create Another Memecoin, Says Dogecoin (DOGE) Creator
Billy Markus, also known as Shibetoshi Nakamoto, the creator of the Dogecoin (DOGE) memecoin, has recently emphasized on the X platform that he has no plan and desire to work on any other crypto or meme coin project in the future. Shibetoshi Nakamoto also stated that he has only mined two coins in his lifetime – Dogecoin (DOGE) and Bells. His statement comes as positive sentiment returns to the cryptocurrency market.
Data from CoinMarketCap shows Dogecoin price has increased by 22% on the monthly timeframe. The cryptocurrency has broken out of a 6-month downtrend and is now aiming for higher levels. Presently, the Dogecoin token is trading close to the 200-SMA at $0.124686 and could flip the region in the next trading sessions. AltstreetBet forecast the value of Dogecoin crypto could surge to $0.51556 in the long run.
Chainlink (LINK) Forecasts Tokenized Asset Market To Hit $10T By 2030
Chainlink (LINK), a decentralized oracle provider, recently published a report that the tokenized asset market will grow up to $10 trillion by 2030. This study shows that institutional adoption and regulatory advancement of the market make tokenized assets rise even with the declining crypto markets. In the report, Chainlink (LINK) used 21.co, a blockchain fintech firm, and a study by BCG, a consultative firm, and ADDX, a digital securities exchange, as references.
In other news, the Chainlink coin is among the top performers this week. Its price has increased by 10% on the weekly chart and 13% on the monthly timeframe. With the 50-SMA at $11.03 already conquered, Chainlink crypto bulls are aiming for the 200-SMA at $14.95. Analysts like WorldOfCharts1 forecast the value of the cryptocurrency could surge to $30 in the coming months. Others like SpaggiariXBTT say the Chainlink price might pump to $89.82.
DTX Exchange (DTX) Sets a Trail for Other Presales To Follow
DTX Exchange (DTX) is one of the biggest presales on the 2024 top ICO list. It has experienced a significant increase in the past few weeks, giving early investors up to 200% returns. Analysts say another rally of 500% is on the way. Also, DTX Exchange has raised over $3 million in funding. The goal is to reach $5 million before October ends.
DTX Exchange is currently working on a hybrid trading platform that will bring advanced technological tools to retail traders. It features the best of both centralized and decentralized systems. Different from other common trading platforms, DTX Exchange also provides traders access to cryptocurrencies, forex, stocks, and CFDs to give investors a choice of over 120,000 assets. DTX Exchange also cares about user privacy.
Thus, the platform allows users to open an account without going through the know-your-customer procedures. Interestingly, DTX Exchange has a simple and easy-to-use interface which makes navigation easy for its users. They can easily switch between markets while still having a comprehensive view of their trades. This simple interface and navigation make DTX Exchange the best DeFi project in the trading sphere.
Can DTX Exchange Become the Next Dogecoin Sensation?
Although the creator of Dogecoin is reluctant to launch a new token, analysts believe DTX Exchange can produce an outstanding performance as the memecoin did in 2021. Besides, DTX Exchange could tap into the OTC derivatives market, which was valued at $714.7 trillion at the end of June 2023, to reach a new high.
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