Dogecoin (DOGE) has created FOMO among investors, showing the best momentum in the crypto market. While DOGE has increased parabolically, other memecoins like FLOKI and BONK are still available in the lower levels. These memecoins can provide another opportunity for entry soon.
In this rally, memecoins and utility coins also showed excellent traction in market conditions. One of the top emerging projects, DTX Exchange (DTX), has increased 180% from previous levels. Due to the small market capitalization, the DTX Exchange is the best contender for huge growth potential.
Trump-Musk Rally Catalyzes Dogecoin’s Biggest Rally Since March
Dogecoin (DOGE) has continued the weekend’s surge, creating the day high of $0.3033, marking its highest level since March 27 earlier this year. After spiking earlier in the day, the DOGE is trading 17% higher within 24 hours, trading around $0.29, according to CoinGecko data.
In addition, DOGE overtakes XRP and USDC as people got excited about Billionaire Elon Musk’s support of the currency. On the heels of his recent schemes, e.g., giving a suggestion for a “Department of Government Efficiency” (D.O.G.E.) with the objective of reducing the government’s budget, the Musk-fueled force has given rise to the curiosity of the Dogecoin among the traders.
FLOKI Breaks Out Of The Converging Trendline Pattern
Floki has been trading in the triangle pattern with converging trendlines since the end of July. At the start of November, the volatility in Floki’s price decreased, leading to the breakout on 10th November. FLOKI gave an intraday move of over 20%, with volume hiking over 250% on the day.
FLOKI trades above the short-term key moving averages, indicating a price reversal. To continue the rally, FLOKI has to stabilize the price above $0.00017.
Will a Massive Token Burn in BONK Affect the Price?
Despite Dogecoin being the leader, BONK didn’t show intent until last week. A catalyst like a token burn is needed for the Bonk price to rally further in this bull market. BONK’s developers have introduced two proposals to remove many coins from circulation to cut down supply.
The first proposal calls for burning 100 billion BONK coins in November. The second, planned for the coin’s 2nd anniversary, aims to burn a massive 1 trillion coins. After its underwhelming performance in previous bull markets, BONK may need more than favorable market conditions to see a significant breakout.
DTX Exchange (DTX) Tops The Chart With $7 Million Mark
While memecoins may be aiming for a rally in 2025, DTX Exchange has impacted the cryptocurrency market as a pivotal player in the DeFi sector. DTX’s innovative DeFi platform is at the forefront of integrating core features of centralized and decentralized exchanges.
The main selling point of DTX Exchange is the availability of options and features in its trading platform. The DTX trading platform provides diverse instruments for trading, such as futures and options, equity, crypto, etc. This becomes more exciting with the 1,000x leverage, which increases the potential profit of the traders.
DTX Exchange allows trading without the need for hectic KYC procedures. It also offers features like staking, which is best for investors because of the fixed returns. DTX Exchange is a whole platform that meets the needs of traders and investors.
Expert analysts predict that the DTX token’s price could rise to $0.83 by the end of the year from $0.08, offering current investors a chance to capture a 1,000% gain. The DTX presale is selling out soon, making it the last opportunity for investors to participate in the revolutionary exchange.
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