The cryptocurrency space is experiencing massive changes, especially the ongoing correction, which has allowed investors to diversify their portfolios. After last week’s Fed meet, meme coins performed weakly.
Most investors experienced FOMO due to Dogecoin’s earlier vertical rally, but the downtrend clearly showed a huge shift in sentiment from meme coins to altcoins. DOGE price is trading 35% below the monthly high.
The bull market is now favoring utility altcoins like DTX Exchange (DTX). Due to its innovative features and market stability, this token is poised for massive growth in 2025. In the sixth presale stage, it has raised $10.50 million and is priced at just $0.12.
Will DOGE Price Reach The $1 Mark?
The most discussed topic in the crypto market is whether DOGE price will reach $1, and the massive correction has again sparked discussion in the community. In this downtrend, DOGE price hit a low of $0.26; however, after this low, it formed a V-shaped reversal and is now trading at $0.316. In the last 24 hours. Dogecoin has decreased by 1.08% while its volume has decreased by 25%, showing lesser trading activity.
Source: CoinMarketCap
The 50 EMA support was also broken on Thursday, and the Dogecoin’s chart shows it is struggling to hold momentum above key levels. Further losses could push DOGE price toward the next support level at $0.266 if this support breaks. On the upside, the $0.37 level remains a major hurdle, as buyers consistently face challenges gaining traction there.
From a broader perspective, this is possibly just a healthy correction rather than a long-term reversal. The DOGE price increased by 161.61% in November, followed by a 25% pullback in December. Analysts noted that the pullback could pave the way for growth next year; the traction of DOGE price might be slow from now on. On the other hand, Whale Alert reported that one major transaction got the attention as 200 million Dogecoin, worth $59,925,858, was transferred from an unknown wallet to the Binance exchange.
DTX Exchange (DTX) Presale Stuns Market Experts With 200X Potential
The significant correction in Dogecoin has made investors cautious about meme coins, helping potential altcoins like DTX Exchange (DTX). Despite the ongoing market correction, DTX’s presale has seen a massive inflow of over $2.3 million in the last two weeks, totaling $10.5 million. DTX’s advanced API interface and L-1 blockchain have attracted larger market players, as it holds the potential for 200X growth after its listing.
DTX Exchange is leading the future transformation of traditional trading with its hybrid model. With this protocol, users will be able to access 120,000+ assets, such as cryptocurrency, forex, ETFs, CFDs, and stocks, on a single platform. By bridging the gap between DeFi and TradFi, this exchange allows traders to diversify portfolios.
DTX Exchange also incorporates a non-custodial wallet that gives users complete authority. This wallet is specifically designed for traders, who can easily borrow cryptos at very low interest rates when they lack funds. It features multiple security layers to prevent any hiccups or thefts.
Conclusion
DTX Exchange is positioned to dominate the trading industry across multiple markets as it moves toward wide adoption and rapidly increases its user base. According to experts, DTX Exchange will be among the top 10 cryptocurrencies by mid-2025, outpacing large-cap coins like Dogecoin.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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