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Dogecoin Price Struggling to Break $0.40 Resistance: Better to Double Down in This Viral Altcoin Instead

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The crypto market is still roaring, but not all tokens are on the same footing. The original meme coin – Dogecoin (DOGE) – is fighting to stay above the $0.40 resistance. As the favorite of the retail investors, DOGE shifts its focus to a promising newcomer – DTX Exchange (DTX). This hybrid blockchain platform offers groundbreaking features and with enormous potential for growth. While early investors got rewarded with a 400% ROI, DTX Exchange is the game changing altcoin for investors seeking big returns.

DTX Exchange (DTX): The Future of Trading

Unlike any other ICO, DTX Exchange (DTX) has managed to raise more than $9 million in record time. Combining the best of both centralized and decentralized exchanges (CEX and DEX), it hopes to revolutionize how global markets interact. A hybrid Layer-1 blockchain with one leg in traditional finance (TradFi) and the other in decentralized finance (DeFi), Providing DTX users access to over 120,000 asset classes like stocks, ETFs, forex, and cryptocurrencies.

As more and more investors discover DTX Exchange, the FOMO is real. Here’s why DTX is stealing the spotlight:

  1. Unparalleled Growth Potential: Early backers raised more than $9 million in funding, and got rewarded with a 400% increase from the first presale phase. 
  2. Cutting-Edge Technology: The DTX blockchain is powered by VulcanX, which guarantees lightning-fast transactions, noncustodial storage, and unified wallet trading. 
  3. Staggering Market Disruption: With plans to reshape the $100 billion global trading industry, DTX marries the best of TradFi and DeFi to suit the needs of institutional and retail investors.
  4. Massive Adoption Potential: DTX achieves long term growth and user engagement with the combination of social and copy trading, advanced analytics and staking rewards.

DTX Exchange is in the news for a promotional offer they have. Anyone using the promo code SELLSTAGE will get an extra 100% on the DTX platform.

Dogecoin (DOGE) Price: Struggling to Maintain $0.40 Support

The OG meme coin, Dogecoin (DOGE), was one of the frontrunners this cycle. Pushing to an impressive $0.40, Dogecoin increased 125% on the monthly charts. Fluctuating heavily at the $0.40 level, DOGE is one of the most volatile assets available. Dogecoin has struggled to rebound to its 2021 highs, even with huge support from figures like Elon Musk, who alongside Vivek Ramaswamy is heading the Department of Government Efficiency (DOGE). 

However, after reaching $0.40, this doesn’t allow DOGE to push forward. As analysts speculate that for Dogecoin to reach its previous all-time high of $0.74, DOGE would need to clear key resistance levels including $0.44, $0.56 and $0.67. If Dogecoin stabilizes at the $0.4 support, it could be a vital sign of a DOGE rally to $1. 

Conclusion

While DOGE growth potential long term, stabilizing at the $0.40 support could be a long and arduous battle. DTX Exchange (DTX) presents a compelling investment opportunity, with its hybrid Layer 1 blockchain, unmatched utility, and a presale price of just $0.1, is bound to lead the next wave in crypto bull run.

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Finbold is a news and information website. This Site may contain sponsored content, advertisements, and third-party materials, for which Finbold expressly disclaims any liability.

RISK WARNING: Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest. (Click here to learn more about cryptocurrency risks.)

By accessing this Site, you acknowledge that you understand these risks and that Finbold bears no responsibility for any losses, damages, or consequences resulting from your use of the Site or reliance on its content. Click here to learn more.