The fun and light-hearted meme coin market has been experiencing a bearish trend with the rest of crypto. The Santa Claus effect turned out to be a bloodbath as the markets had a red Christmas, and uncertainty about crypto prospects deepened. However, there are signs of consolidation in multiple coins, and several of them show signs of a bull cycle emerging.
Pepe (PEPE) is leading the revival of meme coins, as it gained over 6% at the end of the year for a short time. Similar improvements were seen on Dogecoin’s charts before both coins dropped on market consolidations.
Investors looking to add these dog- and frog-themed meme coins may evaluate doing so at their current lower support levels as there is a potential recovery rally ahead. However, the best option for upcoming market rallies remains the ICO star DTX Exchange (DTX).
This groundbreaking trading platform is rapidly stealing investor attention as its presales gain momentum, and investors are seizing the opportunity to join this transformative ecosystem. As excitement builds, DTX Exchange (DTX) is emerging as the next big trend, captivating both meme coin enthusiasts and tech-driven investors.
Dogecoin (DOGE) Loses 23% In December
Dogecoin (DOGE) is the OG meme coin, currently trading at $0.3145, and its market volume is down by 23% to $1.9 billion. Market sentiment is bullish, although prices show a bearish trend. Experts have highlighted DOGE’s breakout point as $0.40 as a key upper resistance level.
Source: CoinMarketCap
The $0.30 is a lower support point that is being watched as if it breaks, the DOGE price could drop below the $0.25 level. Dogecoin (DOGE) is supported by some real-world utility companies, such as Tesla and Microsoft, and is supported by payment support. Elon Musk’s public support for the coin also made it popular with investors.
PEPE Headed For Recovery As It Gains 7%
Pepe (PEPE) has recently emerged as one of the top-performing meme coins. Currently trading at $0.00001923 with a market cap exceeding $8 billion, PEPE has shown resilience despite experiencing a 56% dip from its recent high of $0.00002768. Analysts have highlighted critical resistance at $0.000021 for PEPE. This level could set off another rally if it is breached.
Source: CoinMarketCap
While it is a meme coin, PEPE is unique from other memes as it adopts deflationary mechanics and a no-tax policy. Its community also works to reduce token supply and rewards PEPE token holders.
DTX Exchange Offers 120,000 Asset Combinations
DTX Exchange is one of the best presales contenders in the market right now, boasting an innovative hybrid trading platform. This project combines innovative features, broad asset access, and a fair investment model.
One of the most talked-about features of DTX Exchange is its high transaction speed, with an impressive 100,000 transactions per second (TPS). This speed is supported by its VulcanX blockchain. During beta tests, users have praised the network for its seamless execution of trades, making delays and blockages a thing of the past.
DTX Exchange is not just a fast network; it will offer a trading format that will change how people manage their trades. The platform’s non-custodial Phoenix Wallet supports over 10,000 assets. Thus, investors can have their entire portfolio under a single platform, simplifying the trading process. Security is another cornerstone of the Phoenix wallet. Traders can focus on trading without worrying about threats.
DTX Exchange (DTX) offers access to over 120,000 financial assets for traders seeking variety, including crypto, tokenized exchange-traded funds, forex pairs, commodities, and stocks.
Conclusion
DTX Exchange is the world’s first hybrid trading platform, and its novel trading protocol makes it the first crypto-native platform to offer stocks, forex, ETFs, and thousands of currency pairs. Currently, its initial coin offering (ICO) is in stage 7, wherein the native token is priced at $0.14. Once DTX is launched officially, investors could see 200x gains.
To know more about the DTX Exchange ecosystem, Check out:
