Dogecoin (DOGE) is showing strong price movements in the cryptocurrency market and that is helping to generate optimism of a market rally. DTX Exchange (DTX) and Tron (TRX) are ready to make big gains according to analysts.
Dogecoin Price Surge Could Continue
In the past month, popular meme coin Dogecoin has bounced from $0.14 to $0.38, increasing by over 150%. Mikybull, a Crypto analyst, believes the trend may still head up to $0.46 if the price breaks out of a bull flag pattern. According to Tradingview data, DOGE is trading above its 20-day and 30-day EMAs, and MACD is in the buy zone, showing a good entry point.
DTX Exchange (DTX): Emerging Player in Crypto
Investors are paying attention to DTX Exchange with a 400% return for early backers. The DTX token went live now in its fifth presale phase and is gaining popularity as it offers staking with up to 15% APY and a share of trading fee profits. The upcoming DTX Exchange platform will enter trillion-dollar markets such as CFDs, bonds, and cryptocurrencies with leverage up to 1000x. Users are able to access large markets like the $133 trillion bond market here. At this moment, the price of the DTX token is $0.10 and it will go up as the presale continues, at least to $0.20 when it becomes available on the major exchanges.
Tron (TRX) is on a good trend, having grown more than 30% in the last month. As seen from TRX’s price chart, the token is trading above its 10 and 30-day EMAs, which is making many analysts think that the price of TRX may grow to $0.30 soon, and some even speculate on the possibility of TRX’s all-time high. The rise of this token, says market expert Dendorion, is indicative of the increasing optimism regarding Tron, but it encountered some resistance at higher price points.
TRON(TRX) 7-day price chart- Pricechart by CoinMarketCap
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Could DTX Overtake XRP and TRX
As Dogecoin, DTX Exchange, and Tron all benefit from a bullish market, there’s a rise in attention to the potential for DTX Exchange to grow. DTX has a much smaller market cap than XRP or TRX, and thus could easily see huge price increases with less capital. According to experts, DTX will experience a 5x growth by 2025 due to its strong presale results, initiating a huge interest from investors.
Robinhood listing set to generate massive growth for DTX Exchange
With the potential to be listed on platforms like Robinhood, the excitement around DTX Exchange has doubled. If the DTX token manages to get on this listing it could propel the DTX token into the top 20 cryptocurrencies by market capitalization, drawing in more investors. The presale of DTX was a success, their launch of the Vulcan X blockchain is coming, and the focus on scalability, security, and long-term stability all show that they are taking this seriously.
In the next few months, Ripple (XRP) and Tron (TRX) are close to their resistance levels and that of DTX, so it could be an altcoin to look out for.
Final Thoughts
DTX Exchange is gradually becoming a strong player in the cryptocurrency market, attracting a lot of investors and following a clear growing plan. With the crypto market looking positive, DTX, along with other popular tokens in the market like Dogecoin and Tron, should enjoy significant increases. Despite being a blockchain project yet to launch, DTX is one of the few tokens that successfully completed its presale, has a thriving community and ongoing blockchain development, and also has the potential to be listed by Robinhood which creates a lot of excitement for their future listing.
