With the DeFi tokens taking the lead in this bull run, DTX Exchange has grabbed the WIF and DOGE whales!
The emerging trading platform is witnessing a shift of investors from established meme coins like Dogwifhat and Dogecoin. Both these meme coins are currently trending down, thereby pushing investors to better investment options like DTX Exchange!
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Market experts suggest that this emerging platform is set to give $500,000 in this bull run, as Dogecoin and Dogwifhat plummet in the current session while DTX’s presale soars to $8.7 million.
Despite ‘Dogecoin superfan’ Elon Musk’s tweet on Monday humorously stating that “DOGE is inevitable,” the apex meme coin has found itself at the receiving end of a market correction.
Crypto trader Kevin highlighted that during Dogecoin’s previous bull market, DOGE maintained support above the 50-day moving average through multiple tests. Currently, this moving average stands at $0.22 and is trending upward with each daily close.
Kevin believes this support could pave the way for higher prices if DOGE holds near current levels. Trader Bluntz observed that Dogecoin’s current correction may be complete after a two-week sideways pattern.
IntoTheBlock data shows large transaction volume increasing by 26% and daily active addresses growing by 34.9%. Coinglass data shows DOGE Derivatives volume is up 5.1% to $15.6 billion, while open interest currently stands at $3.2 billion. However, Dogecoin whales are shifting to DTX.
Targeting Coinbase, Robinhood’s Dogwifhat Listing Drives WIF Token to $1. As shared in a recent CNF update, Robinhood has expanded its cryptocurrency offerings by adding Dogwifhat (WIF), a Solana-based meme coin.
This move marks Robinhood’s growing interest in the meme coin space, having recently listed Pepe as well. As announced via a recent tweet, “GM, Dogwifhat ($WIF) is now available to trade on Robinhood Crypto.”
WIF’s technical indicators point to potential growth. The Stochastic RSI suggests oversold conditions, signaling a possible price rebound. Additionally, the Bull and Bear Power (BBP) indicator shows positive momentum at 0.2377, reflecting strong buying interest.
Futures and options markets also saw a 9% increase in open interest, underlining heightened participation. However, with an intra-day dip of over 7%, the WIF investors are moving to the new hybrid token called DTX Exchange.
The DTX Exchange is powered by a hybrid blockchain, VulcanX, a new concept that is important to guarantee that the platform operates seamlessly. Remarkably, this platform is meant for more than traders. On that note, the non-trading users have impressive use cases available on DTX Exchange.
Having already collected over $8.7 million in its presale, it is easy to understand why DTX’s potential inclusion on the Coinbase listing has been turning heads. Investors are specifically excited as the new crypto promises to deliver over 100% ROI.
With the potential Coinbase listing and many exciting features, investors are buying aggressively into the current public presale. Currently considered cheap by most analysts, DTX will become the best cryptocurrency investment in the current bull market due to its massive growth potential. Hence, the top altcoin offers a great opportunity for retail investors who want to exploit the next wave of growth.
Apart from the imminent Coinbase listing, DTX Exchange supports cross-chain trading, which increases the types of assets that can be traded. The exclusive feature enables users to interact with many tokenized assets and cryptos. Therefore, it helps users develop a properly diversified investment portfolio.
With all its features and components, DTX Exchange offers enough support to enable millions to readily navigate the world’s financial networks.
The DTX Exchange is a new DeFi wonder that is currently witnessing a massive influx of holdings from Dogecoin and Dogwifhat whales. DTX is leading the rise of DeFi tokens with sustained bullish momentum, while DOGE and WIF are still in decline.
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