The crypto market is a particularly trendy space, and most tokens are only seasonal in nature. Dogecoin (DOGE) and many meme coins have not been the most reliable investments yet, and even NEAR Protocol (NEAR) traders are dumping the AI token for a new DeFi project.
The hype is piling on the Ethereum network, but why? Here’s a lowdown from the market!
Dogecoin’s Rise: From Falling Wedge to 7-Week High
The DOGE price hit the jackpot last week, trending first on market momentum, then on some progress from the Dogecoin charts. The token was deemed to be in a falling wedge pattern in September 2024, but whale activity and the optimistic market are driving DOGE back to profits.
Dogecoin hit a seven-week high on Friday, trading at $0.123, the highest it has been since the start of August. At the moment, its initial resistance level at $0.115 stands as support for the token, as the buyers seem to have locked in for potential gains in October.
Still, there will always be speculation about DOGE, given its meme coin status. There is little to sustain the surge, and it could dip from its current $0.125 price any time.
NEAR Protocol Leads AI Market Charge: 32% Monthly Gains Sustainable?
The AI market was predicted to be the most developed in 2024, as Artificial Intelligence is taking over the digital world. NEAR Protocol has clearly taken the charge seriously, as it went all out in the latest surge.
A fall in the inflation rate in the US led to positive feedback from the FOMC, cutting interest rates by 50 basis points. NEAR, along with the rest of the altcoins, took to bullish streaks, leaving behind months of bearishness.
Now, NEAR is experiencing rejection at $5.8, even after some 32% monthly gains. There may still be work to do for the Bulls before the AI token sees any optimistic price movements on the charts.
DTX Exchange: Unifying Global Trading Markets and Assets in One DeFi Platform
DTX Exchange is planning a new front to the DeFi sector, which will involve all global trading markets. Unlike traditional exchanges where users only get crypto coins to trade, DTX Exchange is opening the doors of DeFi to all digital traders.
And that includes stock brokers and Forex traders. How, you ask? By offering the very assets they trade! Instead of having separate portfolios on different trading platforms, DTX Exchange allows traders to manage their assets from a single interface.
There are 120,000 tradable assets to choose from, spanning crypto, stock, and Forex markets. As though that is not enough, users also have a rare chance to trade Real World Assets backed by crypto coins. Gold, crude oil, precious metals, and so much more are all on the DTX network.
Moreover, for the investors, there’s a 15% APY rate for staking their tokens. Join the DTX Exchange journey and watch your rewards spike alongside.
DOGE and NEAR Protocol Investors Eye 1,000x Potential on DTX!
Having recorded remarkable gains in the last few days, DOGE and NEAR Protocol appear to have lost their bullish steams, and rightfully, investors are dumping these top altcoins for DTX, the presale token.
The DTX project is attracting so much interest for how its platform seeks to bring fresh ideas into the DeFi industry. Investors believe the DTX Exchange platform will create enough demand and utility for the DTX token, and its value could spike by up to 1,000x.
The DTX presale is in Stage 3, and the token is valued at $0.06 for now. The launch price is pegged at $0.12, which means your holdings could see a 100% increase by launch day.
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