In 2021, Dogecoin, the number one meme coin, shook the crypto space with a price surge of over 15,000%, reaching a high of $0.7376 in May. Although the price of Dogecoin (DOGE) has dropped ever since, analysts believe DTX Exchange, a revolutionary new project, could replicate such growth soon.
DTX Exchange is a new DeFi project whose presale is making waves in the market. It has raised $2.9 million and given early investors a 200% ROI. In other news, Bitwise CIO believes the adoption of Ethereum ETFs has been poor because it launched too soon.
Ethereum (ETH) ETF Came Too Early, Says Bitwise CIO
At the European Blockchain Convention, Bitwise CIO Matt Hougan said that spot Ethereum ETF will begin slowly but then succeed. In his view, Ethereum (ETH) ETFs were launched into the market too early. When spot ETH ETFs arrived, the Bitwise executive said that Wall Street market participants were still adjusting to the Bitcoin ETF.
Besides, some officials have attributed the lack of success of spot Ether ETF primarily to outflows primarily from existing Grayscale ETH funds. Yet, Bitwise’s Hougan believes that Ethereum (ETH) ETFs will definitely pull in traditional finance investors in the future. While Ether ETFs are yet to gain traction, Ethereum coin is trading above the 50-SMA ($2,556.95).
The Ethereum price has increased by 8.1% on the weekly timeframe and 11.1% on the biweekly level. Its market cap is consolidating between $260 billion and $320 billion on the monthly chart. Analysts are expecting a price surge to $3k soon.
Dogecoin (DOGE): Analysts Remain Bullish Despite Drop in Total Address
According to data from IntoTheBlock, the number of Dogecoin (DOGE) active addresses fell from a high of 91K to 68K. Also, the active address count has dropped from 54K to 42K. Nevertheless, analysts are very bullish about the Dogecoin price in the coming weeks. Currently, Dogecoin’s (DOGE) price action displays a bullish setup, with buyers taking the price above resistance levels.
DOGE has come out of a prolonged bearish stage, rising from a level of $0.09 to a high of $0.11. The value of Dogecoin crypto is trading above the 50-SMA at $0.103687 and is expected to rise higher in the coming weeks. Analysts like Ali Martinez predict Dogecoin price USD could pump to $0.150 in the coming weeks. WorldOfCharts1 gave a more bullish prediction. They told their followers the memecoin’s value could soar to $0.30 in the coming weeks.
DTX Exchange (DTX) Set for 20x Rally in Q4
DTX Exchange (DTX) is getting huge attention in the cryptocurrency community thanks to its presale performance. The project has given early buyers a 200% return and is expected to rise by 20x in the next coming month. This prediction comes amidst the rapid growth of the crypto ICO, where the project has raised over $2.9 million. The hybrid platform merges the best of centralized and decentralized platforms to give traders a comprehensive trading experience.
Some benefits of the merger include fast transactions, low fees, high liquidity and security and governance rights. There are other options, such as multi-tier accounts and distributive liquidity pools. Every trader can also manage their assets and get better positions in the market without having a large capital using the 1000x leverage provided at the DTX platform.
Other standout features are the security in the platform using blockchain layer one technology to allow traders to perform safe and fast trades. That is not all. DTX Exchange provides users with no-custody wallets to reduce the chances of having unauthorized access to users’ assets and ensure the users hold full control of their keys and coins.
DTX Exchange Become the Best Coin To Invest in for Dogecoin-Like Gains
With DTX Exchange on the rise, analysts believe its price can skyrocket 20x, much like how memecoins crashed the cryptocurrency scene. The project’s potential success makes it a good focus for investors looking for the next big thing in the crypto scene.
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