DeFi Project On Boards Over 550k Users As Dogecoin and Ripple Prepare for Potential Breakout
A new DeFi project, DTX Exchange (DTX) is revolutionizing the trading sector by integrating the conventional financial market with the cryptocurrency market. DTX has already attracted more than 550,000 users thanks to its unique concept and features.
With over $13.7 million raised, the value of DTX could pump by 10x in the months ahead. On the other hand, the DOGE price might break past resistances to the $0.5 region. Also, VipRoseTr forecasts the XRP price might surge to $3.1280 and $3.7351.
Dogecoin (DOGE) Gains Momentum, Targets $0.5
Over the past few days, the value of Dogecoin (DOGE) has been consolidating between $0.24 and $0.27 on the weekly timeframe. Meanwhile, data from CoinMarketCap shows the DOGE price has risen by 6.1% in the weekly timeframe. This rise signals that bulls are awake and could push the DOGE price to a new level in the coming days.
Besides, Ali Martinez notes that if the value of the memecoin crosses $0.276, it might cause a massive shift in market sentiment. Looking ahead, Solberg Invest forecasts the Dogecoin price might rally to $0.5976 in the coming weeks. According to him, the DOGE price is ready for a new high.
Another analyst called VipRoseTr says the DOGE price might surge to $0.52664 in the long term. In the meantime, technical indicators like the relative strength index which is in the oversold region do not support a DOGE price surge. Also, the Fear and Greed Index reveals that investors are losing interest in the memecoin.
Ripple (XRP) Attempts To Reclaim $3
Ripple (XRP) has bounced off key support around the $2.3 region as bears attempt to push the XRP price to lower lows. The altcoin has been trading between $2.25 and $2.77 in the past week, per CoinMarketCap. Attempts to regain the $3 level have remained unsuccessful given the high selling pressure at upper levels.
Nevertheless, analysts remain optimistic about the XRP price reaching new highs. VipRoseTr notes the XRP price chart shows the cryptocurrency is preparing for a breakout. They forecast the Ripple price might rally to two potential targets. The targets are $3.1280 and $3.7351. On the other hand, RichardGarciaofficial says the XRP price could decline to a low of $1.50.
Moreover, most of Ripple's (XRP) technical indicators are bearish and support an XRP price downtrend. The VWMA (10) and Hull Moving Average (9) indicators are flashing sell signals which means bears are in charge. Nevertheless, the XRP price might rally soon if market sentiment changes.
DTX Exchange (DTX) Brings Many Asset Classes To Crypto Traders
DTX Exchange (DTX) is introducing a trading platform that combines the best features of both CeFi and DeFi. It will offer its users access to more than 120,000 different assets, including stocks, bonds, and cryptocurrencies. This approach removes the need for multiple accounts on different platforms. One of the significant aspects of DTX Exchange is the Phoenix Wallet, which is a custody solution for various types of assets. It allows users to store stocks, cryptocurrencies, and forex.
Built on the VulcanX blockchain, the Phoenix Wallet provides the fastest transactions and gives full control to the owner. It also includes copy trading which enables users to mimic the trades of other successful and professional traders. This creates an atmosphere where new traders can learn from experienced traders, which may improve their performance.
Meanwhile, DTX Exchange has gained much attention in its ICO and has raised over $13.7 million. The price of its native token has also risen by 700%, making it one of the best cryptos to buy right now. With a wide range of tradable instruments and a decentralized wallet, DTX Exchange could revolutionize the online trading market for users across the globe.
What is the Best DeFi Project To Invest In?
While Dogecoin (DOGE) and Ripple (XRP) are still waiting for their breakouts, DTX Exchange is among the best DeFi projects in the market judging from its presale performance. With over 550k users and $13 million raised, the DTX Exchange price is expected to skyrocket by 10x in the months ahead.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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