The sharp market decline has been a cause for concern not only in the crypto industry but also in the larger financial landscape. While Bitcoin (BTC) and altcoins are bleeding, memes have been hit the hardest. dogwifhat (WIF) and Bonk (BONK) lose key price levels, with the only silver lining being their attractive low entry points.
Meanwhile, in an effort to cushion against turbulence and position for significant gains, traders have been betting big on presale tokens. Gaining the edge is DTX Exchange (DTX), a novel hybrid protocol at the crossroads between TradFi and DeFi. Its impending adoption, not to mention its remarkable upside potential, undoubtedly drives interest and fuels demand.
DTX Exchange (DTX): Defying Bearish Trends and Promising Astounding Gains
DTX Exchange (DTX), a breath of fresh air in the ICO world, is a hybrid trading platform that combines the best elements of centralized and decentralized platforms. This unique approach sets it head and shoulders above most presale tokens and established players in the $10 billion global trading market.
Its unique offering centers around a financial ecosystem that is inclusive, secure and technologically advanced. At its heart will be a one-stop hybrid protocol that allows the trading of asset classes across stocks, bonds, commodities and cryptos. This fosters financial inclusion and another layer of its appeal is advanced trading tools like social and copy trading, on-chain analytics and trading bots.
The above explains why traders have been showing quite a keen interest in the presale, with over $1.2 million raised. In round two of the ICO, a token costs just $0.04 and promises 200% gains by the launch date. Meanwhile, a 100x uptick is projected after its market debut, potentially outclassing dogwifhat and Bonk in ROIs.
dogwifhat (WIF): Retests March Lows
dogwifhat (WIF), the biggest memecoin on the rapidly expanding Solana blockchain, tumbles amid the broader market decline. Geopolitical tensions—fears about a new conflict in the Middle East—stirred up heavy selling pressure, resulting in a massive selloff.
The $2 support has been lost to the bears, with further declines on the cards if the $1 price level fails to hold. Its allure of a Shiba Inu with a knitted hat proves insufficient as holders dump their bags amid overwhelming fear, pushing dogwifhat coin into levels last seen in March.
On the bright side, it is in an attractive buy zone; savvy investors have been betting on a relief and market bounce. A dogwifhat price prediction hints at a bullish reversal and a climb past $2 this week, placing it on the list of altcoins to watch out for.
Bonk (BONK): On the Downside
Bonk (BONK), another dog-themed cryptocurrency, trades on the downside. Although it was the first fun-inspired token on the Solana chain, dogwifhat flipped it in market size. However, the community remains optimistic about a bounceback, setting the stage for a big meme showdown.
As the wider crypto market took a downturn, so did the Bonk price. It retests levels last seen in February before the BTC ETF pump, sparking concerns among holders. A handful have opted to sell, hoping to buy back lower amid fear of further decline. On the other hand, more are HODLing in anticipation of a bounce.
Despite short-term price fluctuations, the bigger picture remains bullish, unless a full-blown war breaks out. According to an ambitious Bonk price prediction, the dog-inspired crypto will hit a new ATH in August.
Conclusion
Dogwifhat and Bonk tumbled amid fear of further downturns, which, on the bright side, presents good buying opportunities. Meanwhile, traders flock in droves to the DTX Exchange presale, soaring past $1.2 million in raised funds. This ICO is set to be one of the biggest in recent times and we suggest checking it out.
Visit the official DTX Exchange (DTX) website for the latest updates and information.Â
