Last week’s bullish streak was lovely to see, but no one thought what the market’s correction would be like. There have been some massive profit sheddings on Dogecoin (DOGE) and NEAR Protocol (NEAR), as both tokens are almost on double-digit losses.
The low momentum is why their traders are porting over to the new DeFi project, DTX Exchange (DTX), for even better opportunities. But which opportunities? Read on to find out!
Dogecoin’s DOGE Gets Hit by 9% Losses: What’s Next?
The pioneer meme coin is no stranger to massive price drops, but even this week’s drop would top the list of surprises. DOGE went from chasing down resistance at $0.20 to struggling above its newly acquired support at $0.115.
When asked what the cause for Dogecoin’s spike was, co-founder Billy Markus stated simply that he ‘had no idea.’ Meme coins thrive on media speculation, lacking much content in the reason for their surges.
Dogecoin has lost 9.24% in the past 24 hours, canceling out its weekly profits. The token is worth $0.107, and even though its hopes of reaching $0.2 are still viable, Dogecoin has only added a slew of resistance levels at once.
NEAR Protocol Tumbles After Gaining Through September
From one of the top gainers in mid-September to groveling for profits at the start of October 2024, NEAR Protocol is proof of how the crypto market could turn on a project in very little time. The NEAR token hit the ground running with its gains, particularly after the interest rate cut announcements, but a lot has changed since then.
The NEAR token may be on 23% monthly gains, but the past 24 hours have seen it shed about 10.45% profits, losing its charge towards $6 and slipping below $5. There were multiple rejections, notably at $5.8, and NEAR Protocol couldn’t quite recover in time before the market correction phase took hold.
NEAR Protocol’s native token is currently valued at $4.86, almost a dollar off its valuation last week. The long-term goal may be worth it at times, but not on NEAR Protocol this time.
It’s up to DTX Exchange to save the DeFi traders.
DTX Exchange: The Next-Gen DeFi Platform
The decentralized market came into the limelight with Bitcoin’s blockchain launch, and it has since been upgraded time and again by some generational projects. There’s more new stuff coming to DeFi, and DTX Exchange is at the heart of it.
There’s a hybridized blockchain where all the trading will occur, from crypto assets to stock and even Forex pairs.
And to go with all that diversity on DTX Exchange, users will be getting the DTX wallet, a multi-wallet that allows you to manage your assets from one interface and get real-time progress reports at a glance.
That’s not all!
The DTX wallet contains simple, integrated applications that link users to Web3, allowing a smooth transition from regular DeFi to the efficient Web3 world that is infused with cryptocurrency. There are more value-added functionalities, too, from 15% staking APYs to Real World Asset trading.
And then comes the real treat: The DTX presale!
Investors Eye 100% Profits on the DTX Presale!
DTX presale is only in Stage 3, and the platform has already amassed up to $3 million in presale investments from traders from Dogecoin, NEAR Protocol, and other top coins’ investors. These investors have identified an opportunity to double their money as the DTX price is set to launch at $0.12, a 100% increase from its current price of $0.06.
Interestingly, that’s only the start of passive income for investors. Experts are saying the ceiling is very high for the DeFi token, and DTX could do as much as 1000x after launch.
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