Analyst Sets $5 Target for DTX Exchange, Can It Rise From $0.16 After DOGE Whales Endorse Presale
The post Analyst Sets $5 Target for DTX Exchange, Can It Rise From $0.16 After DOGE Whales Endorse Presale appeared on BitcoinEthereumNews.com.
Many cryptocurrency watchers are so focused on the $TRUMP frenzy that they fail to notice indications that DOGE may be preparing for its next major rise. The Dogecoin price has risen 8% over the previous month to close to $0.3668 after whales grabbed an incredible 1.83 billion DOGE tokens in the last 48 hours. According to a cryptocurrency specialist, DOGE may be preparing for a massive bounce in the first quarter (Q1) of 2025 as the leading meme coin negotiates the erratic market. The expert anticipates that the Dogecoin price will rise beyond $1, setting a new all-time high for the DOGE. Additionally, DTX Exchange (DTX), a new coin, is receiving a lot more attention during its presale. Compared to DOGE, analysts are likewise far more optimistic about it. Analysts predict that DTX may increase to $5 soon. Dogecoin Price Sees Sell-Off Despite Bullish Developments, Investors Take Profits After 200% Gains Despite a number of encouraging developments, Dogecoin’s price saw significant negative fluctuation on Thursday because of a sell-the-news frenzy. The “Department of Government Efficiency” measure was signed into law by US President Trump on Tuesday; the official website prominently displays a Dogecoin logo. Because of Elon Musk’s long standing support for Dogecoin, the market responded favorably to the relationship. Bitwise, an asset management company, submitted a spot DOGE ETF application to the US SEC on Wednesday. However, it seems that Dogecoin holders have started taking profits as a result of these optimistic events. Many investors who began purchasing DOGE in September 2024, when Musk publicly aligned himself with Trump’s campaigns, are already sitting on unrealized returns of more than 200%. These holders decided to lock in profits when DOGE reached significant milestones. Dogecoin Price Poised for New All-Time High in Q1 2025, Analysts Predict Bullish Trajectory for DOGE According…
Filed under: News - @ January 26, 2025 8:26 am