Dogwifhat (WIF) crash has wiped out over 2 billion dollars in the last three weeks, weakening the entire Solana meme coin ecosystem. With this crash, WIF lost its second position in the SOL meme coin list, currently ranking at #3 after BONK. This furious selling pressure can greatly affect the Solana price, and experts advise diversifying into futuristic tokens like DTX Exchange.
As the year draws to an end, DTX Exchange is making news. In a few days, it will approach the next stage, concluding the successful sixth stage. Analysts are optimistic about the token’s prospects. With a 500% return on investment, DTX is positioned as the biggest ICO token of the year.
Dogwifhat (WIF) Nosedives 40% On Monthly Chart
After a recent major decline, Dogwifhat (WIF) has lost all the momentum generated, falling below the November low. It has also invalidated the long-term trendline that has followed since August. The major selling pressure in Dogwifhat (WIF) intensified after a bearish flag breakdown on 16th December, followed by a 36% decline to the low of $1.7.
Courtesy: TradingView
Charts show that if the Dogwifhat (WIF) price falls below $1.5, the down rally can continue to the $1 support level. According to CoinMarketCap, Dogwifhat (WIF) has dropped by 20% in the last seven days, and its market cap has halved on the monthly chart.
Solana Price Decline: Will the Downtrend Continue?
Solana has performed unimpressively, forming a lower high and lower low bearish formation in recent weeks. On November 22nd, the price of Solana achieved an all-time high of $264.39. Since then, it has experienced extreme bearish pressure and is trading at $188.8, a drop of 29%.
Key technical indicators, like the 50-period moving average, indicate bearish control in the Solana price action, suggesting that more downfall could occur in the coming days. The pessimism has already started reflecting in the Solana price as it faced huge supply on the slight bounce on Wednesday.
DTX Exchange (DTX) Set To Outshine Top Altcoins
The lackluster performance of the Solana price and the crash in Dogwifhat (WIF) have prompted investors to start moving to the DTX Exchange to diversify their portfolios. Investors appreciate DTX’s unique infrastructure and innovation in the trading sector. This DeFi platform is offering unmatched quality and disruptive features that combine speed, scalability, and adaptability in the quickly changing crypto market.
Stand out features of DTX Exchange are:
- Diverse Assets Availability: DTX Exchange offers a wide range of assets, such as forex, stocks, cryptocurrencies, and ETFs, on its single unified platform. This helps traders create a well-diversified portfolio according to the specific economic condition.
- 1,000x leverage: With the right strategy, position sizing matters a lot in the bull market; this platform provides a mind-blowing 1,000x leverage, which allows you to make massive profits.
- Wealth Manager: DTX Exchange has excelled in technology and integrates cutting-edge technology into its platform. One example is the smart wealth manager, which automatically mitigates the market risks and provides an efficient portfolio management strategy.
- Advanced Trading Tools: This platform has also been hailed as the one-stop solution for traders because of its exceptional trading tools, such as copy trading, on-chain analytics, and trading bots that signal market opportunities.
The platform is expanding globally, creating a massive trading community so that nationality or geography doesn’t restrict traders. DTX Exchange’s ongoing presale shows skyrocketing demand; the sixth presale stage started two weeks ago and is about to conclude. DTX tokens priced at $0.12 present an opportunity to join this revolutionary platform early.
Find out more information about DTX Exchange (DTX) by visiting the links below:
