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Over the last few weeks, Dogecoin (DOGE) and a new hybrid altcoin, DTX Exchange (DTX), have set the crypto market ablaze with an impressive price increase. Analysts forecast their prices could skyrocket in the coming weeks.
DTX Exchange has risen more than 300% to reach its current price of $0.08. Analysts have forecasted a price surge of 10x in the coming months. As these altcoins gain popularity, Shiba Inu (SHIB) has burnt 324 million SHIB tokens.
Dogecoin (DOGE) Price Rallies As Elon Musk Says Why He Likes DOGE
Dogecoin (DOGE) has risen above $0.15 after a statement from the billionaire Elon Musk. Musk stated that he showed interest in the meme coin because it was fun, and he liked the name. He added that he likes cracking jokes about the Dogecoin token because it has the best humor. Although cryptocurrency cannot sustain upward movement, it remains bullish on the price charts.
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According to CoinMarketCap, the price of the Dogecoin crypto has increased by 22.9% on the weekly timeframe and 33.8% on the monthly chart. Due to the bullish price movement, the Fear & Greed Index of Dogecoin (DOGE) shows 72, a sign of bullish action. 0xCryptoUnivers forecasts that the Dogecoin price could rally to $0.37 in the coming weeks. CryptoHotep says the value of the cryptocurrency might rally to $0.17434.
DTX Exchange (DTX) Brings the Financial Market To Crypto Traders
DTX Exchange (DTX) aims to expand the connection between traditional and decentralized financial markets and allow users to trade more than 120k assets. This innovative platform helps traders switch between conventional financial instruments, equities, stocks, bonds, commodities, indices, and cryptocurrencies. It would be highly beneficial for traders who wish to have as many assets as possible in one place instead of using different platforms for trading operations.
Another significant advantage of DTX Exchange is its focus on data protection, which is a primary issue for today’s traders. The platform allows users to sign up and trade without the usual problems that centralized exchanges present. Such an approach provides users with a high level of anonymity while giving them control over their funds at every turn. DTX Exchange also has a wallet called the DTX Unified Wallet.
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The wallet is expected to introduce more features shortly, which include P2P asset trade and comprehensive portfolio management services, giving users complete control of their investments. Such benefits have made many investors join the ongoing crypto ICO. Currently, DTX is sold at $0.08 in the fourth stage of the presale, but it will cost $0.10 in the fifth stage. Before the year ends, analysts expect DTX to see a 10x surge.
Shiba Inu (SHIB) Burn Pumps 1,020%
Shiba Inu (SHIB) has had a good run over the past week, with critical metrics rising. According to data from Shibburn, the number of Shiba Inu tokens burnt in the past seven days has increased by 1,020%. During this period, 324 million SHIBs were burnt. Similarly, the price of the Shiba Inu coin has dropped by 1.8% in the weekly timeframe.
Despite the correction, the cryptocurrency’s value is still bullish on the monthly timeframe, with a profit of 24%, per data from CoinMarketCap. Like Dogecoin (DOGE), Shiba Inu’s Fear & Greed Index displays greed. This sign shows that investors are interested in the Shiba Inu crypto. They expect its price to increase in the coming weeks. Analysts forecast the value of the meme coin could pump to $0.0000346 soon.
DTX Exchange Attracts the Attention of Shiba Inu and Dogecoin Investors
While Dogecoin (DOGE) continues its rise and Shiba Inu (SHIB) continues to burn millions of tokens, DTX Exchange is becoming the leader in this market uptrend. As the number of investors starts showing interest, and with the present growth rate, DTX Exchange is set to be a significant player in the DeFi market.
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