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ARTICLE AD BOX
Despite the correction in the market, Andrew Crypto forecasts the price of Ethereum (ETH) could pump to $10K. But while ETH is on the rise, Dogecoin investors are now looking at DTX Exchange – a DeFi coin that can bring 10x gains.
With hybrid trading platforms gradually picking up steam, DTX Exchange (DTX) is becoming the next best crypto to buy for those who are ready to look beyond the big four. It has raised over $13.1 million in funding, signaling high investor interest.
Ethereum (ETH) Predicted To Hit $10k
Andrew Crypto has pointed out that many people are now skeptical about Ethereum (ETH). Perhaps, this could be due to the altcoin’s poor price movement in the last few weeks. However, he thinks an uptrend could start once ETH/BTC breaks out of the downtrend and soars past $0.086.
Andrew forecasts the altcoin price might skyrocket to $10k sooner than expected. He encourages the doubters to watch and follow the future market movements because the Ethereum crypto might be poised for a trend reversal. In the meantime, the Ethereum price is on a downtrend.
According to data from CoinMarketCap, its value has dropped by 5.0% and 8.1% on the weekly and monthly timeframes, respectively. Despite the correction, the cryptocurrency is still trading above the $3k level. Bulls have been defending this level in the past few days. Looking ahead, the Ethereum crypto price has to break the resistance around the 50-SMA ($3,462.57) to kickstart an uptrend.
Dogecoin (DOGE) Bulls Defend Major Support Level
Dogecoin (DOGE) has once again bounced back to the $0.30 support level. This bounce back follows a 10-day selloff that saw the memecoin lose most of the gains made in the first half of the month. However, bulls have shown resilience, defending the $0.30 support level to stop further price drops.
CoinMarketCap data shows the price of the Dogecoin token has dipped by 9.6% in the weekly timeframe. Nevertheless, it is up 3.5% on the monthly chart. Looking ahead, Kastoshi days the value of the memecoin could surge to $0.39 in the coming weeks. Another analyst called Chris forecasts the Dogecoin price might surge to $0.75 in the long term.
This optimism comes after Bitwise filed for a spot Dogecoin ETF. Polymarket revealed that the odds of a DOGE ETF approval this year currently stands at 56%. Such a move could take the Dogecoin crypto price to a new all-time high.
DTX Exchange (DTX): Trade CeFi and DeFi Assets on One Platform
DTX Exchange (DTX) is set to launch a hybrid trading system that combines DeFi with conventional financial instruments. By doing so, the innovative approach of DTX Exchange helps users trade many assets like stocks, cryptocurrency assets, ETFs, and forex without any hassle.
The center of this ecosystem is the Phoenix Wallet. This is a non-custodial wallet that allows users to fully manage their funds on their own. The wallet currently accommodates more than 120,000 different assets, connecting CeFi and DeFi. The Phoenix Wallet has been well received since its release and during the pilot, it has been downloaded over 250,000 times.
Meanwhile, DTX Exchange offers other advanced trading bots, real-time data, and features like copy trading. Currently, users are flocking to DTX Exchange’s crypto ICO which has seen massive growth. The DeFi token is trading at $0.16, an increase of 700% from its initial price. Looking ahead, DTX Exchange could become one of the top trading platforms.
The New DeFi Project Making Waves in the Crypto Market
Although Ethereum (ETH) and Dogecoin (DOGE) are popular names in the crypto market, DTX Exchange is emerging as a top contender with more potential for gains. Its connection to the crypto and traditional industries could increase the adoption and usage of its native token, DTX. The price is expected to skyrocket by 10x in the coming months.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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