Dogecoin’s price is expected to fall further as BTC has fallen below $85,000 and is dragging the crypto market down with it. As the selling pressure on altcoins increases, there are several macroeconomic and market-related factors to blame. DOGE has been trading around $0.2, and network activity has also declined considerably.
With the Dogecoin price touching unbelievable lows, the OG meme coin is signaling the end of the meme coin hype. This opens up space in the top altcoins for DTX Exchange, which is currently in high demand as its pre-sale comes to an end. The presale has achieved an overwhelming $15M in funding, and the DTX token will soon hit mainstream exchanges with a potential 200% increase in price.
DOGE and the Rest of the Crypto Market Bleed Red
DOGE holders are drowning in losses as the crypto space witnesses major bloodshed this week. The Dogecoin price has decreased 17% in the last 24 hours, and the DOGE monthly loss is 33%. The Dogecoin price is 71$ below its ATH, and the current Dogecoin price action has drowned out all the predictions of DOGE touching $1 in Q2.
The DOGE network activity has also taken a hit, and the number of active addresses on the DOGE network has decreased by 95%. With Elon Musk’s influence on the Dogecoin Price fading, DOGE has been unable to prove any real-world utility, and beyond speculation, not much has helped the Dogecoin price peak.
The DOGE long-to-short ratio is less than one and reflects the bearish sentiment in the market as more traders are betting on the Dogecoin price to fall further.
DTX Exchange Surpasses 700,000 Investors Amidst Growing Demand
The DTX presale presents an opportunity to invest in the future of trading platforms. DTX Exchange will encompass the best of traditional and decentralized finance to be a market disruptor that addresses liquidity issues, security concerns, and the inefficiencies of legacy trading platforms.
DTX Exchange is supported by the Phoenix Wallet, a digital wallet and non-custodial asset management solution. It will access the DTX’s range of 120,000 financial instruments and let users trade and manage their assets efficiently. Users can enjoy the convenience of having all their investments in a single, secure wallet. DTX Exchange will allow users to trade directly from their crypto wallets.
A key factor currently drawing traders to the platform is the 200% price increase offered on just listing along. Traders that enter the presale during the final round will be able to get 2x gains, considering the listing price of $0.36.
The platform strives to enhance liquidity in the markets by creating distributed liquidity pools. These pools aggregate liquidity from multiple sources, creating a more efficient trading environment. This reduces slippage and ensures a seamless trading experience, regardless of trading volume or market conditions. With 1000x leverage, users will also be able to access liquidity that is a thousand times their investment.
Key Takeaways
The immutability and transparency offered by the DTX Exchange are unmatched. The non-custodial basis of the exchange means users retain control of their funds and this eliminates risks and potential hacks. The DTX Exchange is based on the next-generation VulcanX blockchain, and this gives it a high-performance infrastructure along with lightning-fast speed.
The DTX Exchange is a multi-faceted trading platform that will improve market accessibility. With the crypto market still desperate for further retail and institutional adoption, DTX Exchange will attract more market participants and be a one-stop shop for traders. At $0.18, the DTX token is at an affordable buy-in, and investors need to take advantage of it and participate in the presale before it concludes.
To know more about the DTX Exchange ecosystem, check out:
