As the crypto market recovers after significant losses, memecoins are struggling to compensate for their recent underperformance. PEPE and Dogwifhat (WIF) have again emerged at the top of the decliners list with fading hype and significant value depreciation.
Following the price consolidation of memecoins, investors have taken positions in the DTX Exchange, poised for massive growth in this financial year. With its mind-blowing presale performance, global investors have turned heads to its unique tradFi schemas and diverse asset base for significant sectors.
PEPE Records Monthly Low in Transactional Volume
PEPE witnessed a massive price surge in May, making a new all-time high amid Ethereum ETF hype. With many whales booking profits, PEPE has entered a prolonged consolidation phase, dropping by 18% in the 7-day timeframe. With a pessimistic outlook, investors hesitate to bet on the frog-themed memecoin as further consolidation is expected.
PEPE has encountered a 36% drop in the transactional volume, the highest in the past 30 days. Adding to the speculations surrounding it, the number of huge transactions between $100,000 and $1 million has also reduced by 50%. As the bearish sentiment prevails, the PEPE price is predicted to display more price dips in the upcoming days.
Analysts Voice Caution for Dogwifhat (WIF) Amid 26% Drop
Dogwifhat (WIF) price has dropped to dangerous levels, indicating a potential crash if bulls fail to regain momentum. After the recent bull run beyond $4, the meme token has retraced to key support levels, breaking below $2.36. Dogwifhat (WIF) is witnessing a massive decline in its trading volume by 91.0% over the past week.
Whales continue to dump their holdings to mitigate more losses while some bulls are also trying to increase buying pressures at lucrative entry points. As Dogwifhat (WIF) continues to struggle in a bearish market with a 26% price drop, analysts closely monitor and advise caution to invest in Dogwifhat (WIF) as the memecoin has entered a make-or-break situation.
DTX Exchange Presale Round 2 Explodes Past $700,000
DTX Exchange (DTX) is under the spotlight after its ground-breaking ICO performance, raising $700,000 in round 2 of the public presale. The project leverages a high-performance hybrid marketplace with advanced automation strategies and a 1000x leverage feature, where traders can make record profits with minimum investment capital.
The hybrid tradFi platform of DTX navigates through diverse financial sectors including 120k+ assets. With robust security, distributive liquidity pools, multi-tier accounts, cutting-edge analytics, and blockchain layer 1 technology, industry giants are calling it an all-in-one marketplace with the best features of centralized and decentralized exchanges.
As the project grows significantly with surging global demand, the DTX token is expected to jump to a high price level, potentially soaring past $1 once the presale concludes. To gain early positions in the DTX Exchange, investors are flocking toward this no-KYC exchange token priced at $0.04.
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