Epic Rally: Dogecoin and DeFi Coin About To Reach $1, Solana Targets $300

The crypto market is on the rise again as the community awaits the upcoming Donald Trump's inauguration.

The event could push the value of Dogecoin (DOGE) and DTX Exchange to the $1 price level.

DTX Exchange (DTX) has raised almost $12 million in the crypto ICO phase with early investors raking up 600% returns. At the same time, Solana (SOL) is gaining momentum in the crypto market after crossing $200. World of Charts forecasts the value of SOL could hit $300 soon.

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Dogecoin (DOGE) Could Soar To $1

Dogecoin (DOGE) is currently on an uptrend on the weekly and monthly timeframes. Data from CoinMarketCap reveals the memecoin’s price has skyrocketed by 17.2% on the weekly timeframe and 13.8% on the biweekly level. Looking ahead, analysts have high hopes for the Dogecoin token.

WSB Trader Rocko noted that there is a 60% chance that the value of the memecoin might hit $1 before the end of January. Another crypto enthusiast called Johnny argued that retail investors could pump the Dogecoin price to $1 after Trump’s swearing-in on Monday.

Crypto Influencer CEO is also optimistic about the meme coin. They say a massive breakout is coming which would take the Dogecoin crypto to $1. At the moment, the cryptocurrency has crossed the 50-SMA ($0.373112) which is a bullish sign. The relative strength index is also rising and has crossed the midline. Both indicators point towards a massive price pump.

Solana (SOL) Aims For $300 After Crossing Major Resistance

According to World of Charts, Solana ($SOL) is set for another bullish wave. The cryptocurrency is currently in a consolidation phase and is about to break out, the analyst added. If the Solana coin forces a breakout, World of Charts says its value could reach a target price of $300.

Presently, the Solana price has crossed the $200 level and could cross the descending line in the coming weeks. Meanwhile, Astekz posted a chart that showed the Solana crypto is forming a cup and handle pattern. To complete this pattern, the value of SOL must surpass $256.69. Astekz predicts the price of the cryptocurrency might rally to $366 upon breakout.

At the moment, the altcoin is trading above $200. CoinMarketCap data shows Solana’s (SOL) price has risen by 12.3% in the past week. Technical indicators like the Hull Moving Average (9) and VWMA (10) are in the buying territory which supports more upward price movement.

DTX Exchange (DTX) Blends the Best of Two Worlds for the Ultimate Trading Experience

DTX Exchange (DTX) is a novel mixed finance trading platform that combines TradFi with DeFi, where users can trade cryptocurrencies, equities, forex, and many other asset classes in one place. The fundamental of DTX Exchange is the VulcanX blockchain, which is a single Layer-1 blockchain that is capable of trading more than 120,000 classes of assets.

The DeFi project uses smart contracts to enable secure and automated transactions and to avoid any form of compromise. An on-chain order book keeps a public record of all the buy and sell orders and therefore, participants can check the trading process. Further, DTX uses decentralized liquidity pools to minimize slippage and to provide smooth trading. Security is a major concern for DTX Exchange.

It presents non-custodial storage services, which means that users remain owners of their funds and data at any given time. This approach reduces the risk associated with the centralization of data and is in harmony with the decentralization of the platform. DTX Exchange has attracted a lot of investors’ attention, and during the presale, it has collected over $11.9 million. It is currently trading at $0.14.

Top Crypto Coins With Potential To Hit $1

Dogecoin (DOGE) and DTX Exchange are about to hit $1 in the coming months. Investors who are looking for the best altcoins to invest in should check out DOGE, especially DTX. The project which is just in the presale stage has attracted over 300k wallets.

Find out more information about DTX Exchange (DTX) by visiting the links below:

Buy Presale

Visit DTX Website

Join The DTX Community

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Deyan Angelov

Active crypto trader who also follows news related to stocks, the S&P 500, and gold. Deyan enjoys staying physically active, trains regularly, and practices calisthenics. He also likes reading sci-fi books when he has the time.