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Meme coins lead the bull run as DOGE nears all-time highs; DTX Exchange soars, set to reshape trading markets.
The crypto market swung high, with meme coins at the forefront of this bull charge. Dogecoin (DOGE), the first meme token, nears an all-time high following a stellar performance. Meanwhile, the Layer-1 token TRON (TRX) picks up momentum.
Also at the heart of the current market buzz, DTX Exchange (DTX) skyrocketed. This altcoin, standing at the intersection between traditional and decentralized finance, has been hailed as a trailblazer, gearing up to reshape the wider trading scene.
DTX Exchange: A new DeFi project to bet on
DTX Exchange reflects bullish sentiment by selling out fast in presale. Outpacing most new ICOs, it crossed $7.5 million in early funding, approaching the $8 million fundraising goal. Behind this soaring interest are its bullish TradFi-DeFi narrative and substantial growth prospects.
As an emerging cryptocurrency, it has plenty of room for growth, edging out large caps like Dogecoin and TRON. It costs only $0.08 in the fourth round of the ICO, providing a low entry. Meanwhile, top experts predict a 55x jump in value after listing on Tier-1 exchanges.
With the token, it is one of the new DeFi projects to watch out for. Besides, its impending transformation of the $10 billion global trading space puts it in the spotlight. It takes a unique approach by combining the best elements of CEX and DEX, notably wallet-based trading and non-custodial storage solutions. Aiming to address challenges like financial exclusion and global inaccessibility to markets and assets, it is set for massive adoption.
Dogecoin eyes a new peak
Dogecoin, popularly known as the first meme coin, is one of the top altcoins. It ranks high on the altcoin list, above XRP, Cardano and Toncoin, to mention a few. The top-10 cryptocurrency is one of this month’s biggest highlights.
The Dogecoin price skyrocketed over 100% in the past seven days and 250% on the monthly chart. It trades above $0.38 on CoinMarketCap, down only 45% from its all-time high of $0.73. Crypto analyst MiddleChildPabk believes Dogecoin (DOGE) could hit $1.69 to $2.69—$250 billion to 380 billion market caps.
Meanwhile, another analyst, CryptoGosu, is optimistic about the top meme reaching anywhere between $4 and $4.20 based on Elliot waves. Given the 20-EMA and 20-SMA bullish indicators, which are buy signals, a new Dogecoin ATH is on the horizon.
TRON prepares for a breakout
The Layer-1 token TRON regained momentum, kicking off its rally. Despite a slow start, the bulls are back, forcing a rally. The TRON price increased over 14% on the weekly chart, trading above $0.18. The 10% jump in the daily timeframe suggests a shift to a bullish trend.
Meanwhile, crypto analyst Intuit_Trading highlights $0.29 as the minimum target before the year’s end or as high as $0.42. CryptoDona7, buzzing with optimism, predicts $0.6 to $0.8 as the “most realistic price” for TRON (TRX) this cycle.
As it approaches a breakout above $0.19, AKAZA, another crypto analyst, believes $1 is on the horizon. Backing these bullish claims are key indicators like the TRON price trading above the 10-EMA ($0.17) and 10-SMA ($0.167), both buy signals.
Why DTX Exchange is a strong contender against Dogecoin and TRON
DTX Exchange is a new DeFi token with solid fundamentals. Its hybrid trading platform will address key challenges within the global trading scene. Moreover, its rapidly growing community makes it a top crypto pick 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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