Dogecoin (DOGE) has proved its leadership in the memecoins by rising 30% in the last 30 days. Whenever Dogecoin moves, we see a rally in the cryptocurrency market, and with the breakout in Bitcoin, history seems to be repeating itself. Expectations for Polkadot (DOT) have also increased despite the long-term bearish pressure. The main focus of money fund houses and high-net-worth investors is on DTX Exchange (DTX).
Like Dogecoin (DOGE), DTX Exchange aims to lead the exchange space. Crypto price action analysts have predicted that the DTX Exchange will rise 50X-80X by the end of the year, making news in the crypto community.
Dogecoin (DOGE) Sees Profit Booking After Rally, 10 DMA Major Support
Dogecoin saw a sharp increase of over 44% last week, with its price reaching above $0.15. In the last three days, however, it has seen a pullback of around 8.3%, and analysts say this is a mere profit booking from the traders. The hourly chart shows The Dogecoin (DOGE) price bull flag pattern formation with upper resistance at $0.147 and lower support at $0.137. If it closes below this mark, the decline could continue toward $0.13.
Currently, the major support for Dogecoin (DOGE) is the short-term moving averages and the S1 Fibonacci pivot point. A break below these levels might lower the price, potentially reaching $0.1 as psychological support. To reverse this trend, Dogecoin (DOGE) must break above June and July’s high pivot at $0.16, followed by the first resistance Fibonacci pivot.
Polkadot (DOT) Works Towards Increasing Liquidity and Technology
Talisman has introduced a cross-chain swaps feature. This simplifies asset swaps between major blockchain networks, making it easier for users to trade across Polkadot (DOT), Ethereum, and Substrate. The feature strengthens Polkadot (DOT)’s position by attracting more users and liquidity.
Polkadot (DOT) continues to lead in blockchain technology with a strong focus on decentralization. Its impressive Nakamoto coefficient highlights this commitment. Unlike other Layer 1 blockchains, which struggle with centralization, Polkadot (DOT) has come up with creative designs, which allow it to interact efficiently with other blockchains, hence positively affecting interoperability.
Investors Turn To DTX Exchange (DTX) For Multibagger Returns
With over 15 million tokens sold in the fourth stage, DTX Exchange has garnered the attention of investors from Dogecoin (DOGE) and Polkadot (DOT). Despite the market showing low volatility before the US election, the DTX Exchange has registered a notable increase in demand for the entire presale. DTX is a platform of the future based on the VulcanX blockchain, which enables convenient DeFi transactions.
The DTX Exchange is a platform through which people can trade a wide variety of assets. With DTX platform users can trade various assets at one place. This platform provides users with an opportunity to trade 120,000 asset types, including bonds, stocks, currencies, and OTC derivatives. This allows users to explore multiple markets, such as the $100 trillion bond market.
According to crypto trading experts, DTX Exchange’s user-friendly interface makes crypto trading much easier, and with transaction speeds as fast as 0.04 seconds, DTX Exchange could gain an edge over competitors. It facilitates seamless transfers between trading pairs of cryptocurrencies and other assets and offers the potential for its users to engage in a substantial amount of growth.