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Meme Coins Lead Bull Run as DOGE Approaches All-Time Highs; DTX Exchange is soaring, ready to reshape trading markets.
The crypto market has peaked, with meme coins at the forefront of this bullish charge. Dogecoin (DOGE), the first meme token, is nearing an all-time high after a stellar performance. Meanwhile, layer 1 token TRON (TRX) is gaining momentum.
Also at the heart of the current market buzz, DTX Exchange (DTX) has been soaring. This altcoin, located at the intersection between traditional and decentralized finance, has been hailed as a pioneer, preparing to reshape the broader trading scene.
DTX Exchange: A new DeFi project to bank on
DTX Exchange reflects the bullish sentiment by selling out quickly in presale. Surpassing most new ICOs, its initial funding exceeded $7.5 million, moving closer to the $8 million fundraising goal. Behind this growing interest is its TradFi-DeFi bullish narrative and substantial growth prospects.
As an emerging cryptocurrency, it has plenty of room for growth, outpacing large caps like Dogecoin and TRON. It only costs $0.08 in the fourth round of the ICO, which provides a low entry. Meanwhile, top experts predict a 55x rise in value after listing on Tier 1 exchanges.
Along with the token, this is one of the new DeFi projects to watch. Furthermore, its impending transformation of the $10 billion global business space puts it in the spotlight. It takes a unique approach by combining the best elements of CEX and DEX, including wallet-based trading and non-custodial storage solutions. Aimed at addressing challenges such as financial exclusion and global inaccessibility to markets and assets, it is expected to be adopted massively.
Dogecoin aims for new high
Dogecoin, popularly known as the first meme coin, is one of the best altcoins. It ranks high on the list of altcoins, above XRP, Cardano, and Toncoin, to name a few. The top 10 cryptocurrencies is one of the biggest highlights of this month.
Dogecoin price has soared over 100% in the last seven days and 250% on the monthly chart. It is trading above $0.38 on CoinMarketCap, down just 45% from its all-time high of $0.73. Crypto analyst MiddleChildPabk estimates that Dogecoin (DOGE) could reach $1.69 to $2.69, or $250 billion to $380 billion in market cap.
Meanwhile, another analyst, CryptoGosu, is optimistic about the top meme reaching between $4 and $4.20 based on Elliot waves. Considering the bullish 20-EMA and 20-SMA indicators, which are buy signals, a new Dogecoin ATH is on the horizon.
TRON prepares for a breakout
Layer 1 token TRON regained momentum and started its rally. Despite a slow start, the bulls are back, forcing a rally. TRON price rose over 14% on the weekly chart, trading above $0.18. The 10% jump on the daily time frame suggests a shift to an uptrend.
Meanwhile, crypto analyst Intuit_Trading highlights $0.29 as a minimum target before the end of the year or as low as $0.42. CryptoDona7, full of optimism, predicts between $0.6 and $0.8 as the “most realistic price” for TRON (TRX) this cycle.
As it nears a breakout above $0.19, AKAZA, another crypto analyst, believes $1 is on the horizon. These bullish claims are supported by key indicators such as TRON price trading above the 10-EMA ($0.17) and 10-SMA ($0.167), both buy signals.
Why DTX Exchange is a serious competitor against Dogecoin and TRON
DTX Exchange is a new DeFi token with strong fundamentals. Its hybrid trading platform will address key challenges in the global trading scene. Additionally, its rapidly growing community makes it a top choice in crypto, ahead of large caps like Dogecoin and TRON.
For more information, visit the DTX Exchange presale website and join the online community.
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