After their inception, Memecoins have been investors’ favorite due to the community’s hype and excitement. However, for a long time, meme coins like Dogecoin (DOGE) and PEPE coins have not recovered from the market correction.
The poor performance of memecoins is due to investors shifting into utility coins, which are currently in demand in the market.
One utility coin, DTX Exchange (DTX), is replacing major meme cryptos like Dogecoin (DOGE) with its high utility and unique features that holders get. Their presale has attracted more than 7,300 holders, which shows investors’ confidence in the coin.
Retest Bounce In Dogecoin (DOGE) Will It Hold The Level?
The broader market has recovered very well, but Dogecoin (DOGE) has seen very low traction despite the good follow-up in the market. Last Friday, Dogecoin (DOGE) broke out from the channel; however, it couldn’t keep the momentum and fell back to the $0.098 support level. Once again, DOGE’s price has tried to regain momentum and is currently trading at $0.10.
Some investors have already booked their Dogecoin (DOGE) positions to shift their money into better opportunities like DTX Exchange (DTX). The direction of the Dogecoin price from the current level will be very important for momentum in the price.
PEPE Coin Takes Support From 50-Days Moving Average
Demand has picked up at the PEPE Coin $0.0000076 support level, which in the last two days coincided with the 50 DMA and major support levels. Now, PEPE Coin is trading well above the short-term moving averages, which tells about the demand for the price. The $0.000009 and $0.00001 are the two major resistance levels that can act as supply zones for PEPE Coin.
PEPE has a market cap of $3.53 billion and is ranked #27 in the crypto market. All 420.69T PEPE Coins are in circulation, and the trading volume is $945.29M.
DTX Exchange – Real-World Utility With the Ability To Disrupt The Market
Traditional exchanges have been ruling the market for a long time now, but DTX Exchange has emerged as the best competitor for these traditional exchanges. The reason DTX Exchange is taking over the market is the feature it provides of both centralized and decentralized exchanges.
DTX Exchange is a versatile platform that lets users trade stocks, ETFs, bonds, commodities, and cryptocurrencies. It bridges traditional and decentralized finance. Key features include 1,000x leverage and zero commissions on trades.
The platform recently introduced a new exchange interface, which has attracted significant traffic and earned DTX Exchange a spot among the major players. Powered by Smart Contracts, the network allows traders to carry out secure, automated transactions with precise execution.
DTX’s presale performance mirrors early Ethereum and Solana trends. With a smaller market cap, it has the potential for faster growth since it requires less capital to rise. DTX Exchange is gearing up to launch next month, with its presale selling out faster than ever. In the ongoing third round of the presale, it has already raised an impressive $2.6 million, with each token priced at $0.06.
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