The crypto market has yet to recover from the massive correction that sent altcoins plummeting to their former lows. Dogecoin (DOGE) almost lost the $0.3 level while Ripple fell as low as $2.24.
In the meantime, DTX Exchange (DTX) remained resilient, reaping profits for its holders. The value of the DeFi coin has increased by 600% since its presale began. If the momentum and high investor interest persists, the value of DTX could soon reach $1.
Ripple (XRP) Price Falls, $2 at Risk
Ripple (XRP) is among the top altcoins that have returned to their old lows following the massive crypto market correction. Data from CoinMarketcap shows that the value of the Ripple coin plunged by 6.9% during the weekly period.
Meanwhile, Ali Martinez has identified two possible price entries for investors interested in obtaining the Ripple token. The first is at $2.05, which corresponds to the ascending trendline of a bull pennant. The next entry level is at $2.50, a breakout outside of this trend. Regardless of the entry, Ali predicted that the price of Ripple could reach $10.
However, the analyst did not give a timeline for this forecast. Furthermore, the chances of the Ripple ETF being approved this year remain high. Polymarket said there was a 70% chance of this happening. Interestingly, the company’s CEO, Brad Garlinghouse, recently met with Donald Trump, sparking rumors of an upcoming development.
Dogecoin (DOGE) defends $0.3 support
Dogecoin (DOGE) saw a sharp decline on January 8 after Bitcoin fell below $100. Fortunately, the bulls held firm while defending the $0.3 support. According to data from CoinMarketcap, the Dogecoin token has bounced off this support level and is on an uptrend.
Looking ahead, trader Tardigrade noted that memecoin reflects its past cycles. The analyst added that the same parallel lines have been identified. Trader Tardigrade predicts that the Dogecoin crypto price could reach $2 before the end of 2025. Additionally, he expects a price target of $8 by 2028.
Closing his tweet, the analyst advised his followers to hold onto their Dogecoin crypto and not sell it. Meanwhile, technical analysis reveals that the meme coin is bearish. Its Relative Strength Index is below the midline, meaning the bears are still in charge. Additionally, the VNMA indicator (10) flashes a sell signal.
DTX Exchange (DTX): revolutionizing trading with hybrid technology
DTX Exchange (DTX) is set to revolutionize the trading industry using the unique hybrid exchange model, which combines the high-speed trading of CEX and the enhanced security and decentralization of DEX. Additionally, DTX Exchange allows traders to access a wide variety of asset classes such as cryptocurrencies, stocks, commodities, ETFs and many more under one roof.
The core of DTX Exchange is VulcanX, a layer 1 blockchain designed for high performance and throughput. With a TPS over 100,000, VulcanX executes orders very quickly, allowing traders to take advantage of brief market opportunities. In terms of user security, DTX Exchange does not hold user funds, meaning users are solely responsible for their assets and will not lose money due to hacks or exchange failures.
DTX Exchange is a highly innovative trading platform that has been designed to put its users first, making it an obvious contender for the top of the cryptocurrency trading market. The current price of $0.14 presents a good opportunity for investors interested in the high growth rates of the DTX token.
Can DTX Exchange outperform major crypto coins like Dogecoin (DOGE) and Ripple (XRP)?
As Dogecoin (DOGE) and Ripple (XRP) battle the bears, DTX Exchange increased its gains to 600%. The DeFi project continues to gain attention in the pre-sale stage despite the ongoing market correction. Given its unique hybrid approach and multi-asset trading features, the value of DTX Exchange could soon skyrocket to $1.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Post Views: 301