The recovering market sentiment has launched Dogecoin to new highs after the memecoin sector regained momentum. According to the analysts, the DOGE price is set to shoot off in the near term. Dominating the memecoin legacy, DTX Exchange (DTX) has stunned the crypto market after its month-long performance pulled investors and outshined Dogecoin.
DOGE Price To Surge By $.20 In November?
The Dogecoin market witnessed a massive spike in the last 24 hours. Many meme lovers and investors were surprised after this spike as the rest of the market barely saw any movement. Several market viewers linked this growth to Donald Trump (the former president of the United States) gaining momentum in the current elections.
The memecoin recorded an 11.83% price hike within a day. Dogecoin went from a $0.15 low to a $0.16 high. At the time of writing, Dogecoin was trading at $0.169. In addition to its price revision, Dogecoin’s market cap saw a 14.23% increase and hit $25.66 billion. Also, activity in the Dogecoin network has increased, surging its trading volume by 51% and hitting $3.51 billion.
According to IntoTheBlock, 85% of users whose cryptocurrency wallets include Dogecoin will make money if they sell the coins at today’s trading price. According to the analysts, 12% of the investors might lose money, and 3% will drop to zero. Nonetheless, DOGE price might have something up its sleeve if investors decide to hold onto their assets instead of selling altcoins.
Dogecoin November Price Performance & Future Outlook
According to on-chain data from CoinCodex, Dogecoin’s November price action is pointing to a potential market change. This change could result in a possible drop in Dogecoin’s price to $0.147. The anticipated price range is between $0.138 and $0.163, which is impacted by the market performance from the previous month.
If investors purchase Dogecoin at current levels and short-sell it at anticipated rates, they might see a potential gain of 17.66%. While the asset has witnessed a massive spike today, CoinCodex might have a different approach to the scenario in the coming days. The $0.20 mark isn’t far away for Dogecoin, but DOGE will have to continue its current momentum to reach this mark sooner rather than later.
On the other hand, if Trump wins the elections, the DOGE market could record notable gains. This is because Elon Musk has made notable references in his statements about Department Of Government Efficiency (D.O.G.E), which brings many pointers toward Dogecoin’s future outlook and bullish price rally following Trump’s win.
DTX Exchange’s Presale Jackpot Challenges Dogecoin (DOGE)
DTX Exchange’s incredible success in its presale phase has sparked a bullish narrative for the platform in the crypto market. This deFi exchange is powered by the next-gen VulcanX blockchain, which supports lightning-fast transactions with up to 100,000 TPS. DTX Exchange’s cutting-edge blockchain technology offers traders complete asset control with added security.
This all-in-one trading hub enables users to trade cryptos, forex, equities, and contract-for-differences (CFDs). Its unified wallet offers secure asset management and supports over 100,000 financial instruments with strong security protocols. As a licensed platform, DTX Exchange ensures strict compliance with acting policies to safeguard your trading experience.
This $0.08 Altcoin Could Clean Sweep Memecoin Sector In Q4
DTX Exchange’s ability to allow users to trade in a global market has ranked it among one of the top rivals for Dogecoin, as its minimal price point of $0.08 has sparked excitement among memecoin investors. DTX Exchange offers high liquidity with its insane 1,000x leverage feature, which allows traders to make generational returns on single trades.
As Dogecoin prepares to make a stark comeback in the market with its long-anticipated social engagement hype, DTX Exchange is already making history with its 100 million token sale record and rapidly increasing investor confidence in the volatile crypto market.
Learn more:
