- December 12, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
The post Which Altcoin Could Dethrone DOGE In 2025? Experts’ Answer Is Surprising Utility Token With 100x Potential ‘DTX Exchange’ appeared first on Coinpedia Fintech News
Since the US elections and Donald Trump’s support for digital assets, the inflow into the crypto market has increased significantly. November has been one of the best months for crypto investors, as many cryptos have given triple-digit returns.
One of the top gainers and blue-chip crypto, Dogecoin, has experienced a strong rally during the first upswing of the bull market. However, in the profit booking of the last three sessions, it has corrected 21%, undercutting the $0.4 support level. The Dogecoin rally is often attributed to the hype by the community. Conversely, value investors tend to focus on utility-driven coins.
Experts’ recent investments show that they are picking projects with real-world utilities like DTX Exchange (DTX). While profit booking in DOGE is evident, DTX Exchange has seen an inflow of over $1.67 million in the first week of the sixth stage of the presale. Experts predict that after the launch, it could rise by 80-100X.
Dogecoin Struggles To Find Support Amid Breakdown
Dogecoin is one of the best memecoins, with a market cap of $57 billion. From its breakout in October, it has increased by 270%, creating a high of $0.484. This shows aggressive growth after the prolonged correction, but in the last 30 days, it failed to cross the near supply zone.
Courtesy: TradingView
Dogecoin has corrected from the previous high to the current level of $0.406 and is yet to find support. The trading volume has dropped by 22% to $10.02 billion, showcasing volatility contraction in the price action.
DOGE is continuously facing major resistance at the $0.467 mark, a level it has tested multiple times. Each attempt to break past this point has met strong pushback. However, with repeated tests weakening the resistance, Dogecoin could break through on its next try.
Due to this prolonged consolidation, expert DOGE investors have booked profits and shifted to better opportunities like the DTX Exchange.
Investors Jumping To The DTX Exchange As It Scales Rapidly
DTX Exchange has gained significant attention as it has achieved the most awaited milestone of $10 million in its token presale. Rapid ecosystem developments enabled the platform to surpass this milestone ahead of schedule.
The first hybrid trading platform, DTX Exchange (DTX), utilizes a hybrid approach to blend the features of centralized and decentralized exchanges to provide a seamless and efficient trading platform for traders worldwide. This platform allows users to access various assets and adjust their portfolios according to different market conditions.
The recent launch of the VulcanX blockchain has given DTX Exchange unprecedented growth. With the help of this blockchain, traders will get high speed, the lowest transaction fees, and fast order execution. VulcanX was tested on the November testnet launch and achieved a remarkable 10,000 transactions per second, which is among the top.
DTX Exchange is currently in the sixth stage, with tokens priced at an undervalued $0.12. Community members get perks like governance and voting rights and will soon have access to potential airdrops. With these rapid developments, DTX Exchange has made its mark in the exchange industry, and soon after the launch, it will be fighting for the top position.
Conclusion
Dogecoin has exhibited parabolic growth previously, and current market conditions suggest further absorption of supply is needed. On the other hand, experts believe DTX Exchange is an altcoin to focus on because it could be the next big thing, potentially providing 10,000% returns. With its rapid development, DTX Exchange has made its mark in the exchange industry, and soon after the launch, it will be fighting for the top position.
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