The crypto market is yet to recover from the massive correction that sent altcoins plummeting to former lows. Dogecoin (DOGE) almost lost the $0.3 level while Ripple dropped as low as $2.24.
Meanwhile, DTX Exchange (DTX) stayed resilient, raking up profits for its holders. The value of the DeFi coin has increased by 600% since the beginning of its presale. If the momentum and high investor interest linger, the value of DTX could reach $1 soon.
Ripple (XRP) Price Plummets, $2 At Risk
Ripple (XRP) is among the top altcoins that have retraced to former lows following the massive correction in the crypto market. CoinMarketcap data shows the value of the Ripple coin has plunged by 6.9% in the weekly timeframe.
Meanwhile, Ali Martinez has identified two possible price entries for investors who want to get the Ripple token. The first is at $2.05 which is the rising trendline of a bullish pennant. The next entry level is at $2.50, a breakout outside of this pattern. No matter the entry, Ali forecasted the Ripple price might surge to $10.
However, the analyst did not give a timeline for the prediction. In other news, the odds of Ripple ETF getting approved this year remain high. Polymarket said there is a 70% chance it could happen. Interestingly, the CEO of the company, Brad Garlinghouse, recently met with Donald Trump, sparking rumors of an upcoming development.
Dogecoin (DOGE) Defends $0.3 Support
Dogecoin (DOGE) experienced a steep decline on January 8 after Bitcoin dipped below $100. Fortunately, bulls held their ground as they defended the $0.3 support. According to data from CoinMarketcap, the Dogecoin token has bounced off this support level and is on an uptrend.
Looking ahead, Trader Tardigrade noted that memecoin was mirroring its past cycles. The analyst added that the same parallel lines have been identified. Trader Tardigrade forecasts that the Dogecoin crypto price could pump to $2 before the end of 2025. Additionally, he expects a price target of $8 by 2028.
Closing his tweet, the analyst advised his followers to hold their Dogecoin crypto and not sell it. In the meantime, technical analysis reveals that the meme coin is bearish. Its relative strength index is below the midline which means bears are still in charge. Also, the VNMA (10) indicator flashes a sell signal.
DTX Exchange (DTX): Revolutionizing Trading With Hybrid Technology
DTX Exchange (DTX) is ready to revolutionize the trading industry with the help of the unique hybrid exchange model, which combines the high-speed trading of CEX and the enhanced security and decentralization of DEX. In addition, DTX Exchange provides traders access to a large variety of asset classes such as cryptocurrencies, stocks, commodities, ETFs, and many others all under one roof.
The core of DTX Exchange is VulcanX, a Layer-1 blockchain that has been designed for high performance and throughput. With a TPS of over 100,000, VulcanX executes orders very fast, allowing traders to take advantage of brief market opportunities. In terms of user security, DTX Exchange does not hold users’ funds, which means that users are solely responsible for their assets and will not lose money due to hacks or exchange failures.
DTX Exchange is a highly innovative trading platform that has been designed to put its users first, making it a clear contender for the top of the crypto trading market. The current price of $0.14 is a good opportunity for investors who are interested in the high growth rates of the DTX token.
Can DTX Exchange Surpass Top Crypto Coins Like Dogecoin (DOGE) And Ripple (XRP)?
While Dogecoin (DOGE) and Ripple (XRP) are fighting with bears, DTX Exchange has increased its gains to 600%. The DeFi project continues to gain attention in the presale stage despite the ongoing market correction. Given its unique hybrid approach and multi-asset trading features, the value of DTX Exchange could skyrocket to $1 soon.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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