Several analysts have tipped Dogecoin (DOGE) and Solana (SOL) for long-term bullish trends. They are clearly market favorites, and despite their declining prices, these top altcoins still hold sway in the market.
Meanwhile, DTX Exchange (DTX) is one of the new projects looking to upset even the market favorites this year. The project will feature the very best of DeFi, and its little wonder traders are all over the DTX presale. Read on for further details!
Dogecoin: Meme Favorite Fallen on Hard Times?
The pioneer meme token is worth $0.104, on 10.32% losses in the past week, and it's not down to traders dumping their DOGE stashes. This time, it's the crypto market that's causing the bearish dominance on most altcoins; Dogecoin only took a huge hit.
But the optimism around Uptober and the crypto rally everyone is expecting might be halting that correction before it does more havoc. Dogecoin whales are accumulating their holdings in an attempt to drive the price up, while the number of new user addresses has risen by 72% in the past week.
Crypto analyst Ali Martinez has stated that the Dogecoin MACD is forming a bullish crossover, one that indicates the onset of an uptrend. Dogecoin has rallied 90% and 180% in the past after such crossovers appeared, and the token might be seeing that surge again.
Solana: Another Giant Falling on the Charts
Solana traders got the shock of the week as a race to the $185 resistance turned into a struggle to keep the support levels in less than a day. The market correction has not been pleasant for SOL traders any more than it has for DOGE users.
Regardless, Solana is still a traders’ favorite in the crypto-verse, given its predictions for a bullish future. No doubt the many features on Solana are enough to keep the token above its crucial support at $127–the Solana meme coins have been working overtime to keep the SOL token up.
Solana’s SOL is priced at $136.88 and 11.93% losses for the last seven days. The community sentiment is still strongly bullish, and with the optimism in the crypto-verse, it's only a matter of time before SOL makes the bullish turnaround.
Two of the market's favorites are still struggling against the correction, and we have DTX Exchange stealing the show with its presale.
We have updates on the token!
DTX Exchange: Hybrid Blockchain to Revolutionize DeFi
The DTX Exchange is not about too many new things; in fact, it is more about upgrading existing features to become trader-friendly while offering value-added features on the side.
For the regular trading features, the DTX platform features some 120,000 assets with which to trade. And it's not just a lot of tokens; DTX offers trading instruments from all the available digital trading markets. Stocks, shares, foreign currencies, crypto tokens: DTX Exchange's got it all. Finally, every trader’s wish for a truly diverse portfolio will come true on the trading platform.
Apart from those, there are real-world assets (RWAs) that you can trade on DTX. Still a novel area in the DeFi space, the RWA trading on DTX allows users to access units of real commodities like gold and crude oil through crypto tokens that back them.
How does DTX Exchange run all these at once? The VulcanX blockchain is a hybrid kind, allowing for various operations without compromising transaction processing. The network delivers faster transactions, rivaling efficient chains like Solana and Cosmos.
The DTX Presale: Replacing the Dogecoin and Solana Hype!
SOL and DOGE might be the favorites in the market, but users are warming up to DTX Exchange already. The DTX Exchange platform features make it a no-brainer for any trader, but it's the presale they can't resist.
100% gains in a few months, all for buying DTX tokens at $0.06 in its ongoing Stage 3 of presale? Sounds like a great deal–don’t miss out on it!
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Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
