While novice investors fear market corrections, expert investors see them as an opportunity to buy coins with good fundamentals and momentum. An analyst from Grayscale, a leading crypto asset manager, has revealed his top picks for adding available tokens at a discount.
The analyst indicated that memecoins still have room for growth; he believes that Dogecoin (DOGE) and PEPE could surge in the next breakout. Also, the emerging altcoin DTX exchange has been a main focus with its high growth prospects and momentum in the presale.
Dogecoin (DOGE) Corrects To Local Support, Dip Buy Opportunity?
Ranked at the #7 position in the cryptocurrency market, Dogecoin (DOGE) is a prominent player among its peers. It is also one of the first movers of the current bull market, gaining triple-digit returns in a few days of the rally. However, in the last 30 days, Dogecoin (DOGE) has fallen short of expectations, sliding below the psychological level of $0.40.
The Relative Strength Index (RSI) is signaling a warning as it dropped from the overbought zone to the 51 level on a single day. On Sunday, Dogecoin (DOGE) formed a higher high, but the RSI didn’t follow suit, creating a bearish divergence. Experts suggest a cautious approach for a long-term plan, but Dogecoin (DOGE) can be an excellent target for swing and positional traders.
Pepe Positions Itself In Top 20, Overtakes Uniswap
Pepe, the newly launched memecoin, has climbed into the top 20 cryptocurrencies by market cap. Its market value has soared past $11 billion, briefly surpassing Uniswap, which was earlier in 20th position. This achievement marks an impressive 18x jump from Pepe’s $591 million valuation at the beginning of the year.
Memecoins such as Dogecoin (DOGE) have been performing strongly on the current bull run, hitting a multi-year high; Pepe Coin has followed suit, gaining momentum and surging over 100% from the November breakout.
In the last 24 hours, PEPE has decreased 5.7%, dropping 22% from the weekly high. This correction has allowed investors to pick up Pepecoin at a discounted price as it currently trades near the short-term support.
DTX Exchange ICO Goes Viral As Gains Cross 500%
DTX Exchange has gone viral in the crypto community, having risen 500% from its stage one price of $0.02 to its current price of $0.12 in the sixth stage. Designed as a hybrid exchange network, it allows peer-to-peer trading, which reduces the possibility of hacking incidents and increases the order flow owing to its global reach.
The DTX Exchange (DTX) is a trader-centric platform with advanced solutions for practical problems traders face with a conventional platform. This platform is a one-stop trading destination with diverse trading options and remarkable leverage. Traders have access to different markets, like stocks, forex, crypto, etc., in a single unified platform, which reduces the cost and increases the efficiency of multi-asset traders.
In addition, it provides proprietary in-house storage, Phoenix Wallet, which offers seamless transactions and the feature of crypto borrowing at a very low cost. This wallet has various security features, like cold storage and 2-factor authentication, which protect users from theft.
As one of the biggest ICOs in 2024, DTX Exchange has attracted major players from the crypto market. Its token presale has raised $10.1 million in less than two months of launch, showing high demand.
DTX Exchange tops the Grayscale analyst’s priority list, with a prediction of 100X ROI after its public listing. In addition to its outstanding features, the need for a potential player in DeFi makes it a solid investment opportunity.
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