🚀 Crypto DeFi Altcoin DTX Exchange (DTX) Jumps 330% While Charts Show Meme Accumulation by Institutions

[Undefeated_Lamba]

Dogecoin price continues to consolidate below the $0.45 level on Friday, down 5% within the daily timeframe. After multiple failed attempts at breaching $0.50 over the past week, speculative traders have moved to scale down their DOGE positions. Thus, Dogecoin is entering a consolidation phase after exhibiting a very impressive trajectory.

While traders are buying Dogecoin, DOGE whales find peace in this emerging hybrid marvel- DTX Exchange. The platform has a soaring potential and a very low cost, making it ideal.

Dogecoin Price Forecast: Traders Move $380M As DOGE Mirrors Bitcoin’s Pullback​

Closing the month with 175% gains, Dogecoin emerged as one of the best-performing mega-cap crypto assets in November. After prices peaked at $0.45 around November 22, DOGE struggled for traction as traders began locking in profits.

On Monday, the global crypto market received a major boost from several bullish catalysts, including Microstrategy’s $1.4 billion BTC purchase. However, the Dogecoin price remained subdued below the $0.50 and $100,000 milestones, respectively.

DOGE price sharply retraced 16% to hit $0.40 at press time on Tuesday after topping out at $0.45 during Monday’s rally. After reaching a 3-year peak of $0.48 on November 23, the Dogecoin price has failed to advance further, entering an accumulation phase. And after a week of stagnation, short-term traders are moving to cut down on their DOGE positions.


Lending credence to this narrative, Coinglass’ open interest chart tracks the value of active Dogecoin futures contracts. DOGE open interest has dropped from $3.88 billion to $3.50 billion over the last 24 hours. This $380 million outflow recorded represents a 10% decline in total capital stock, while the Dogecoin price has dropped by more than 16% within the same period.

When the price of an asset falls faster than open interest, it often indicates that traders are closing long positions rapidly. As bulls lose confidence in the DOGE’s short-term recovery potential, the $0.40 support could be at risk in the days ahead.

DTX Exchange Climbs Highest With $9.6M Presale Explosion​

DTX Exchange (DTX) is throned as the most successful 2024 presale after it grabbed a ground-breaking $9.6 million in round 6 of the public presale. The project is known for its advanced trading protocols that allow traders to navigate volatile markets efficiently and seamlessly with powerful tools like 1000x leverage, advanced automation, and quant and algo trading.

The crypto community sees DTX Exchange as the next breakthrough tradFi project due to its capability to host over 120,000 trading instruments on a single platform, including stocks, cryptos, equities, forex, and bonds. The team has also announced the introduction of the first-ever hybrid layer-1 blockchain with 10,000 TPS and a non-custodial Phoenix Wallet, available in Apple and Android stores.

DTX Exchange (DTX) is all set to pump historically under crypto-friendly SEC as its listing is on the horizon. DTX tokens are available at $0.12 in the ongoing presale stage, ready to sky-rocket to $1 after the anticipated live trading announcement this month. This has made DTX Exchange a top pick for bullish gains this year.

Traders can receive up to 3% of exchange revenue from various sources, including trading fees, through DTX’s revenue sharing scheme, also known as the VIP rebate program. The VIP rebate program’s staking function gives an additional edge.

Traders can earn up to 33% APY with it, one of the greatest in the business. These characteristics aid in asset appreciation and passive income generation. As a result, the new platform is rising in value during this bull run, much like Bitcoin.

Key Takeaways​

DTX Exchange stirred up the bull market with a 330% gain, while meme currencies went through an accumulation period when DOGE whales accumulated key meme coins like Dogecoin! DTX remains undefeatable in the bull market!

Learn more:

Presale
Visit DTX Website
Join The DTX Community

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