Dogecoin's consolidation, or profit selloff, has continued for the last three weeks. This range-bound momentum is obvious as DOGE has risen 200% from last month's wedge breakout. A Dogecoin millionaire has shifted a large chunk into the DTX Exchange at an average of $0.1. His projections calculate a 24,900% rise in DTX price in 2025 as it hits exchanges like Coinbase and Binance.
Activity Increases In Dogecoin While Price Trades In Range Bound PA
Since 12th November, Dogecoin has been trading in the $0.35-$0.45 range, touching the upper resistance twice while surfing the support levels. The 10-day moving average has been a constant support level for the DOGE price. However, it hasn’t been successful in breaking out of the upper resistance.
While it has lost momentum, large investor activity has risen in the last few days. Whale actions often indicate strong buying or selling pressure. Recently, DOGE recorded large transaction volumes worth $23.35 million, equivalent to 60.9 billion SHIB.
Elon Musk’s recent posts about Dogecoin (DOGE) have raised questions about whether he’s intentionally affecting the meme coin's value. His social media activity has influenced Dogecoin before, with similar price jumps following his posts. In a recent class-action lawsuit, Dogecoin investors accused Musk of using his tweets to artificially inflate DOGE prices since 2021.
DTX Exchange’s VulcanX Blockchain Sparks Optimism
The most important development of DTX Exchange is its proprietary blockchain, VulcanX, which can bring a hybrid platform to the exchange. Because of the VulcanX feature, the fee in DTX Exchange has been cut down considerably, and DTX users can trade different assets, including conventional and digital.
The VulcanX development platform will drive community-led innovation in the DTX ecosystem. It will support Ethereum Virtual Machine (EVM) compatibility and development events to foster the creation of next-generation products.
DTX Exchange brings efficiency and security under one platform. It's cold wallet storage and two-factor authentication help to protect users from online theft. Also, it provides a non-custodial wallet, which gives the user full access so he can buy, send, or sell his assets anytime, anywhere.
DTX Token Presale Ranks Number One Amid Huge Demand
DTX Exchange has launched its presale and has already raised nearly $9 million from 6,500 holders of DTX tokens, including crypto whales and institutional investors. Demand for the presale has risen as the platform is rapidly developing new features.
The launch of the Phoenix wallet recently has also gone viral; with this wallet, users will have very low interest rates for lending and borrowing and access to remarkable features like staking. With DTX staking, users can earn upto 43% APY, beating the industry standards.
Currently, each DTX token costs $0.1, a discounted price because of the presale. According to the Dogecoin millionaire’s projections, $100 invested in DTX tokens at the current level can turn into a whopping $25,000.
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