As Dogecoin price struggles under selling pressure, crypto whales are turning their attention to a new high-potential utility coin, DTX Exchange (DTX). While DOGE fights resistance at the 20-day EMA, DTX Exchange’s presale is booming, attracting meme whales with its $0.18 entry price and revolutionary DeFi hybrid model. With over $14.7 million raised and 120,000+ assets under one roof, could DTX Exchange be the next big thing in crypto? Let’s find out!
Dogecoin Price Faces Selling Pressure: What’s Next?
As shown in the daily chart, the Dogecoin price movement has recovered quickly over the past week, maintaining its dominance above the $0.24 support level. The Dogecoin price saw a bullish recovery over the last seven days removing some of the losses over the past month.
However, the DOGE’s bullish recovery was unable to overcome the 20-day EMA’s resistance line. The DOGE’s current price is $0.253 after a weekend of a morning star pattern and a higher price rejection. With a 4.3% decline over the past day, DOGE produces another Doji candle. Additionally, the Dogecoin price finds it difficult to stabilize above the 200-day EMA line.
As DOGE short-term price movement indicates a turning point, the current decline keeps generating a lower-high pattern. The momentum indicator MACD shows a bullish sign despite this showing a bullish rebound with the bullish crossing and a surge in positive histograms.
Why Meme Whales Are Moving from DOGE for DTX Exchange (DTX)
As DOGE faces high volatility, meme whales have started adding a new utility altcoin, DTX Exchange (DTX), only priced at $0.18 and offering massive growth potential.
DTX Exchange is an upcoming exchange platform that is all set to transform DeFi with its hybrid approach. Using this approach, the platform is bridging the gap between centralized and decentralized finance, bringing the best of them onto one single platform.
The platform intends to provide DTX users with access to more than 120,000 commodities via a single unified interface. These will cover a wide range of assets from old-school to modern-era ones, including cryptocurrencies, stocks, bonds, ETFs, cryptocurrencies, forex, and much more.
VulcanX, a layer-1 blockchain giant, underpins the platform’s revolutionary features. The platform recently launched its testnet, which processed each transaction in less than a few milliseconds and had an estimated transaction rate (TPS) of more than 200,000. This has everyone forecasting how DTX Exchange may be the fastest in the industry.
Looking ahead, DTX Exchange plans to launch tokenized exchange-traded funds (ETFs). This will allow users to access ETFs even in regions where they are not permitted to be traded.
These offerings are attracting experienced as well as newbie traders and investors, hence the massive hype surrounding the project globally even before its official launch.
DTX Exchange Bonus Round: Last Chance to Get in Early!
DTX Exchange presale which was kickstarted in 2024, saw a ground-breaking performance. The presale concluded its eighth presale round recently, but due to a massive surge in demand, they opened a bonus presale round, giving everyone a last chance to grab DTX tokens.
The presale has already raised funding of over $14.7 million, reflecting massive hype surrounding this upcoming project. Currently, each DTX token is priced at only $0.18. This price point has already generated massive ROI for all of its early investors.
According to claims, the token would be listed on major exchanges in the second quarter of the year. This will provide a massive surge, which analysts estimate to provide returns of over 100x.
Final Thoughts
As Dogecoin price struggles to break past resistance, meme whales and crypto investors are turning to DTX Exchange as a high-potential alternative. With its record-breaking $14.7 million presale, hybrid DeFi model, and upcoming major exchange listing, DTX is shaping up as a strong contender in 2024. Its bonus presale round is the final chance to jump on the ship at the lowest possible price ever.
To know more about the DTX Exchange ecosystem, Check out:
