With the recent price surge, Dogecoin whales are seeking opportunities in the crypto market. With last week’s breakout, DOGE made a four-month-high and is currently trading above $0.13. However, due to the recent correction’s fear, memecoin investors are diversifying into the DTX Exchange (DTX) presale.
Ethereum investors have given the green light to the DTX Exchange as it is built on ERC-20 and can replicate ETH’s performance. This guide explains why Dogecoin whales diversify into the DTX Exchange and how it can be a game changer in decentralized finance; meanwhile, Ethereum is facing negative sentiments.
Dogecoin Bulls Regains Control After Pullback
DOGE buyers are enjoying the recent bull trend in the coin. The meme leader has increased by nearly 45% from the recent bottom formation. The pullback after the run has also picked up demand, as the DOGE price reached a 10-day exponential moving average. Support from Elon Musk and the community has contributed to the bullish rally in the coin.
In this breakout, Dogecoin reached a six-month high volume, which indicates the increased participation of bulls. The rally might be sustained if volume further increases in the price action. However, the dream of DOGE reaching $1 doesn’t seem achievable in the short term. For higher growth, Dogecoin holders are increasing their position in the DTX presale.
Ethereum Dips Below $2,500 Makes Investors Panic
Ethereum has experienced a sharp fall this week; it has declined around 10% since Monday, closing below the crucial $2,500 support level. ETH has broken the 50-day moving average, showing weakness in the price. If a further fall occurs in ETH price, $2,300 – $2,350 is a major support zone coinciding with a converging trendline.
The price of Ethereum remains under pressure, and the situation is worsened by the fact that layer-2 solutions have been increasingly pulling value from the main altcoin. Vitalik Buterin, Ethereum’s co-founder, recently outlined some ambitious goals on the project’s roadmap. One of the main goals is to achieve 100,000 transactions per second in the “Surge” stage.
DTX Exchange: Investor’s New Focus For Bull Rally
DTX Exchange, a prominent player in DeFi, has easily overcome major hurdles and is marching to dominate the crypto market. Blending in CEX and DEX strengths, DTX Exchange offers a resolution that makes trading much more effective for traders. Given the backing from investors, DTX Exchange has reached near the $6 million mark becoming the fastest-selling ICO, beating giants like Ethereum and Dogecoin.
DTX Exchange is an all-around exchange service with many benefits and advanced features. Its hybrid platform allows clients to easily use over 120,000 assets, including forex, bonds, gold, commodities, and crypto. This platform is designed to prevent users from trading interruptions and unauthorized access, which can lead to losing their funds.
No KYC sign-up checks and transaction speeds as fast as 0.04 seconds are some of the perks that facilitate the DTX Exchange.
Investor confidence in DTX Exchange has constantly risen, particularly following Solid Proof’s successful audit of smart contracts and operations. User confidence in the platform has been enhanced by DTX Exchange’s clear commitment to reassuring us, the users, about their security and transparency as mandated by the industry.
With a token priced at $0.08, DTX provides a huge room for growth and the opportunity to participate in the next big revolution in the crypto market.
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