Donald Trump’s recent increase in trade tariffs has led to a bearish move in the global economic markets. This has also affected the crypto markets, and traders discouraged by the recent BONK and Dogecoin price performance are moving funds to the DTX Exchange. This rising DeFi star has raised a staggering $13.5 million with its token presale in record time.
Considering its presale success, the world’s evolving outlook on crypto, and the shifting sentiment from meme coins like BONK and DOGE towards utility tokens, analysts are pointing at a potential 500x growth for DTX Exchange after it launches in Q2 2025.
The Dogecoin Price Plummets As DOGE Holders Sell
Due to reduced demand after the November rally, the Dogecoin price lost momentum. DOGE had been consolidating above the $0.30 support level for almost two months until it fell below this support last Saturday. This led traders to sell their DOGE holdings, lowering the Dogecoin price.
The Dogecoin price bounced from the $0.20 support level yesterday, and after a 6.65% increase in the last 24 hours, DOGE trades at $0.2644. The daily trading volume has decreased by over 33.2% since traders expect a further drop in the Dogecoin price before it can reverse.
With the recent fall, DOGE has reached the 150-day SMA but trades above the 200-day SMA. The Dogecoin price has some demand in this region and is taking support near $0.256. However, if DOGE falls below this support level, it may correct to the 200-day SMA line.
BONK Drops To Crucial Support Level: Will It Correct Further?
In the recent rally, BONK surged over 200% and reached a new All-Time High (ATH) at $0.00005916. However, despite the remarkable upward thrust, it reversed from this level and entered a downtrend. BONK has continued this trend since then, and the price has significantly declined, currently 69.2% below the ATH.
With this, BONK has reached the $0.00001775 support level where the rally started. In the last 24 hours, the price has increased by 4.42% to $0.00001798, but the volume has declined by 20.95%. Due to the continued price drop, BONK has reached the underbought region, indicated by the Relative Strength Index at 29.43.
DTX Exchange (DTX): Next-Gen Multi-Asset Trading Hub
DTX Exchange has grabbed global attention with its unique trading platform, allowing users to trade over 120,000 assets, including Stocks, Crypto, Bonds, Forex, etc. It is bridging the gap between traditional and modern financial instruments, providing the security of blockchain technology while offering a broad range of asset classes.
The platform is designed to provide users with all the essential trading functionalities and advanced tools. Users can use the built-in on-chain analytics to analyze market trends and receive real-time trading signals. Users can also automate investment strategies using trading bots.
Furthermore, DTX Exchange aims to increase financial inclusion and help traders worldwide bypass their nation’s investment restrictions. Its no-KYC policy allows traders to register quickly without sharing personal information and start investing in the global financial markets regardless of background and location.
DTX Exchange has been audited by third-party blockchain security firms, including SolidProof, which ensures the security of users’ funds on the platform.
The native token, DTX, is in the final stage of presale. The token’s value has surged from $0.02 in the initial stage to $0.16 in the current stage, and thus, retail investors who invested in the early phase have already grabbed up to 700% returns. There is still time to make a quick 25% profit with this public presale, as DTX will launch at $0.20 after this round.
Key Takeaways
The DTX Exchange presale is witnessing increasing participation from investors rotating their funds from DOGE and BONK. This platform’s hybrid nature positions it well to capture a significant portion of the multi-trillion dollar exchange industry. Thus, DTX Exchange has a good chance of up to 500x growth as it can hit a multi-billion dollar market cap after its listing.
Find out more information about DTX Exchange (DTX) by visiting the links below:
