Is the Crypto Market Correction Over? Dogecoin And Ethereum Price Rises, DeFi Coin Rallies 800%
While the crypto market is showing signs of recovery, investors are still not impressed with the price movements of top altcoins like Dogecoin (DOGE) and Ethereum (ETH). They are looking for the next big thing that can give up to 10x returns.
Here comes DTX Exchange (DTX), a new DeFi project that stands out from the crowd due to its hybrid exchange and decentralized wallet. The value of its native token has risen by 800% and could climb higher in the future. With over 600k users onboarded, DTX has gathered a lot of interest in the crypto market.
Dogecoin (DOGE) Soars On the Weekly Timeframe
The Dogecoin token is capitalizing on the upsurge in the crypto market. Data from CoinMarketCap shows the DOGE price has risen by 6.2% on the weekly level. The DOGE price has crossed the $0.25 resistance and could reclaim the $0.30 level in the coming weeks. Going forward, Trader Tardigrade says the DOGE price might rally to $4.
According to him, the memecoin’s Price Momentum Oscillator (PMO) reveals that a price surge is on the way. In another tweet, Tardigrade notes the DOGE price is squeezing within a symmetrical triangle on the 4-hour chart. The memecoin’s relative strength index shows that bulls are gaining momentum.
The analyst expects the DOGE price to break out soon. Potential targets the DOGE price might reach include $0.5 and $0.9. Other technical indicators that support a DOGE price surge are the Hull Moving Average (9) and Average Directional Index (14)
Ethereum (ETH) Predicted To Hit $4.8k
Whales have been on a buying spree in the last few days. Ashcryptoreal, one of the top analysts in the DeFi space, revealed recently that a whale bought over 104,509 ETH from Binance on Thursday. Meanwhile, CoinMarketCap data shows the ETH price has been trading sideways in the last seven days. The ETH price has dipped by 16.2% on the weekly level. However, the ETH price has price increases of 0.6% and 2.2% on the weekly and yearly charts.
Bears and bulls are currently struggling to push the ETH price to the $3k level. Given the recent accumulation by whales, the ETH price could skyrocket in the next few weeks. Ted predicts the ETH price might increase to $4.8k. The analyst noted the Ethereum coin has formed a triple bottom formation, which points to a massive upsurge. Therefore, the ETH price might rise to $3k and even $4.5k before the end of February.
DTX Exchange (DTX): A One-Stop-Shop for Trading
DTX Exchange (DTX) is a centralized and decentralized trading platform that is already gaining popularity in the DeFi market. It is designed to provide traders with the best, all-in-one solution that offers efficiency, speed, low cost, and high liquidity.
One of the most important aspects of DTX Exchange is the number of types of assets that are available. It allows users to trade over 120,000 asset classes such as crypto, stocks, forex, metals, oil, and ETFs. This broad range allows even the novice investor as well as the sophisticated market trader to develop a portfolio.
Currently, in the bonus round of its presale, the price of DTX has increased by 800% to its current value of $0.18. The DeFi project has also raised $14.3 million, a sign of renewed investor confidence despite the correction in the market. Notably, this is the last opportunity for investors to join the presale stage. So, those looking for the best crypto to buy should make haste before the bonus round ends.
Investors Rush To This DeFi Crypto For 10x Returns
While Dogecoin and Ethereum are back in the game, their chances to give huge returns are low due to their large market cap. DTX Exchange, on the other hand, has a low market cap and could soar by 10x in the coming months. The clock is ticking and DTX Exchange could be the next DeFi project that shapes the future of crypto trading.
Find out more information about DTX Exchange (DTX) by visiting the links below:
