Canary Capital has filed for the first-ever Litecoin ETF and is currently acquiring approval from the SEC. Meanwhile, Dogwifhat (WIF) drops to critical levels – signaling a bearish sentiment in the memecoin network. Amid the downturn, DTX Exchange (DTX) draws WIF lovers to its 25x presale network, gaining global recognition and increasing momentum.
Dogwifhat (WIF) Trading Volume Drops Below 40%
Considered one of the top Solana memecoins, Dogwifhat (WIF) has not been performing well lately. As Bitcoin (BTC) attempts to push past its $68,000 resistance, Dogwifhat (WIF) faces the risk of a steep price correction. Following the Bitcoin (BTC) 3% rally yesterday, Dogwifhat (WIF) was expected to show a rebound, but it continued the bearish rally.
The Dogwifhat (WIF) analysts anticipate more downside volatility for the memecoin, while renowned crypto traders have opened short positions for Dogwifhat (WIF). Amid the dropping trading value in the Dogwifhat (WIF) network, memecoin investors are exploring other avenues like Bonk and Dogecoin, which are up by 5% and 10%, respectively.
Dogwifhat (WIF) is among the few rare meme tokens listed on the Binance spot market. Nonetheless, the sentiment appears to be shifting, and bears seem to be taking control of the Dogwifhat (WIF) network. The memecoin could display a rebound if it breaks through the resistance levels.
Litecoin Gains 6% As Canary Capital Files World’s First LTC ETF
Litecoin is trading at $71.16 today, with a minor 0.50% surge in the last 24 hours. Litecoin currently holds a $5.3 billion market cap and a 24-hour trading volume of $325.6 million, which has declined by 63% (approximately $204 million). The high-volume drop in Litecoin’s trading volume is alarming, as the reducing numbers suggest the lack of trading in the network.
Regarding its ETF launch, Canary Capital has filed the first-ever Litecoin with the U.S. Securities and Exchange Commission (SEC). The company filed this request on October 15, filing the S-1 to expand institutional access to digital asset investing. Furthermore, the firm still needs to file a 19b-4 filing, which is mandatory to attain the exchange listing approval.
The proposed fund by Canary Capital would hold Litecoin directly and determine its daily net asset value based on the CoinDesk Litecoin Price Index. Following the ETF news, Litecoin witnessed a 9% hike in its trading value. Investors show increased interest in Litecoin as its optimism captures the crypto market.
Presale Superstar DTX Exchange (DTX) Beats Dogwifhat (WIF)
DTX Exchange (DTX) has taken over the memecoin market following its phenomenal presale success and grand listing on the renowned crypto site CoinMarketCap. As a Layer1 blockchain platform, DTX Exchange has grown to prominence in months. So far, this emerging exchange has sold over 15 million tokens and runs a 75,000-member community.
DTX Exchange (DTX) enables users to upscale their trading strategy with smooth Quant and Algo integration. This gives traders access to advanced tools and APIs that allow automated trading strategies, precise trade execution, and accurate capitalization on market inefficiencies in a safe and secure trading environment.
DTX Exchange (DTX) Grand Testnet Launch Draws Investors
One of the main factors behind DTX Exchange’s mind-blowing success is its testnet debut. Following the launch of its testnet platform, many investors and developers stormed the testnet environment to check for bugs and trading stability without risking real-time assets and user credentials.
As Dogwifhat (WIF) lags and Litecoin eyes its potential ETF approval, DTX Exchange (DTX) dominates the crypto market with its resounding presale success and the potential to skyrocket overnight. DTX Exchange offers access to premium features, entitlement governance votes and proposals, and potential airdrops to its token holders. Join now!
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