Dogecoin (DOGE) is back in the spotlight as analysts are predicting a parabolic run just like in 2021. With strong community support and Elon’s endorsements Dogecoin (DOGE) is ready for another rally. But as Dogecoin (DOGE) tries to repeat 2021, DTX Exchange (DTX) is emerging as a new contender. Can DTX outshine Dogecoin in the next crypto wave?
Dogecoin’s Parabolic Price Predictions
Dogecoin (DOGE) is at $0.13737 and down 1.54% in the last sessions.
Recent predictions say Dogecoin (DOGE) is about to have a big run.
Crypto analyst Javon Marks is predicting Dogecoin (DOGE) will break its all-time high (ATH) of $0.73 and go to $3. That’s a 400% move based on Dogecoin’s past performance and market cycles.
In the short term, Crypto Universe predicts Dogecoin (DOGE) will more than double to $0.37 in the next 2 weeks. That would be a new yearly high.
After a brief pullback after the US elections, Dogecoin could resume its up move and go to $1 and even $3 as Javon Marks is predicting.
Dogecoin has already risen 15% in the last week and is now trading at $0.13. It’s the best-performing cryptocurrency in the top 40, with a market cap of over $20 billion.
Elon Musk’s Influence and Recent Rally
One of the main drivers of Dogecoin’s recent price move is Elon Musk. Musk’s public comments have had a big impact on DOGE’s price, and his recent mention of “DOGE” (Department of Government Efficiency) at a public event helped to push the price up.
Musk’s involvement is still a big catalyst for Dogecoin’s growth, and rumors of Dogecoin (D.O.G.E) being integrated into X (formerly Twitter) as a payment option is fueling more interest in the cryptocurrency.
Technical Analysis: Bullish Breakout Ahead
Technically Dogecoin is looking very bullish. It’s in a breakout from a falling wedge pattern which means a 40% move by the end of 2024. The wedge pattern is a reversal pattern from a downtrend to an uptrend so Dogecoin (DOGE) could see more gains in the coming months.
Despite the technical setup investors should be cautious as the market is always volatile especially with big events like the US elections coming up.
DTX Exchange: A New Contender?
While Dogecoin (DOGE) looks good, DTX Exchange (DTX) is gaining momentum in the crypto space. DTX is a hybrid trading platform with 1000x leverage and KYC-free trading, attracting investors from established coins like Dogecoin (DOGE) and Ripple (XRP). DTX has raised over $5.5 million in its presale and will reach $1 after its mainnet launch. Some analysts are even predicting 50x returns for early investors by the end of 2024.
DTX’s hybrid platform with decentralized and centralized exchange features is attractive to traders looking for high returns. The presale has already seen a 300% increase in token price so DTX Exchange (DTX) is a good alternative to Dogecoin (DOGE) for those looking for new opportunities.
Dogecoin or DTX?
Dogecoin’s price prediction is looking strong and could see a big move in the near future. With Elon Musk’s backing and bullish technicals, Dogecoin (DOGE) could hit new highs. However, DTX Exchange (DTX) is a new option for those looking to increase DeFi’s growth.
Dogecoin wants to repeat 2021 and DTX is the new contender with features that will attract a different crowd. Next few months will decide which one will lead the next big move.
For more information, visit the Visit DTX Website, Buy Presale or Join The DTX Community.