Over $600M Wiped From Crypto After Dump
Cryptocurrency

Over $600M Wiped From Crypto After Dump: Dogecoin and PEPE Lead Losses But DTX Stays Green

Written By : IndustryTrends

On Tuesday’s market dump, crypto traders incurred massive losses. Meme coins had a rough time during the correction, as the Dogecoin price fell over 10% in a single day. Pepecoin (PEPE) also felt the pressure, dropping below the $0.000018 level.

Amid the downturn, investors are now targeting a new utility coin: DTX Exchange (DTX). The positive capital inflow has continued in its presale, bringing the total to $11.50 million. This project is transforming the trading landscape with unique platform infrastructure and blockchain technology. Experts forecast a potential 20X surge in the first quarter of 2025.

Dogecoin Price Slumps 11% Amid Liquidation

Dogecoin (DOGE) has experienced some turbulence recently, as the job report came out. CoinMarketCap shows that in the last 24 hours, the Dogecoin price has dropped 11.34%, while the weekly chart is still trading in green. It fell from around $0.398 to the closing price of $0.346. DOGE's Relative Strength Index (RSI) fell to 48, indicating increasing bearish strength.

Courtesy: TradingView
Courtesy: TradingView

Crypto expert Mammon has made a bullish Dogecoin price prediction with a chart showing that it could form a base around the current level and form a reversal. According to his X post, the Dogecoin price could regain previous highs in the next few weeks. Technical analysis shows to attempt a reversal; the Dogecoin price has to sustain itself above the $0.40 psychological mark.

Pepecoin (PEPE) Continues the Downtrend

After the enormous 200%+ rally in November, Pepecoin faced rejection from the $0.000025 price level, and the price plunged over 30% to $0.00001735. Pepe bounced from this support level but consolidated below $0.000023 before breaking out and reaching the All-Time High at $0.00002825 on 9 December.

However, Pepecoin lost demand and made another significant correction, dropping over 40% to the $0.0000165 support level that broke the fall. Following this correction, Pepecoin traded in the $0.0000165-$0.0000191 range for over a week.

The price moved above this tight range and started to rise, but on Sunday, it reversed from the $0.0000218 resistance and now trades at $0.00001816. In the last 24 hours, the Pepecoin price has declined 11.3%, but the trading volume has increased by 60%. Due to this decline, the MACD oscillator has dropped below the baseline, indicating increasing bearish pressure.

DTX Exchange: The Investor’s Top Pick For Dip Buying

DTX Exchange’s strong utility and rapid scale have created a buzz. While Pepecoin and Dogecoin price are struggling to recover, DTX’s low price is attracting savvy investors. Unlike meme coins, it provides real-world applications that are actually useful in decentralized finance. Its ecosystem is centered on a hybrid protocol, which gives users access to 100,000+ financial assets, including crypto, equity, and bonds.

DTX Exchange’s notable features include the L-1 VulcanX blockchain, 1,000x leverage, a non-custodial wallet, Copy, and algorithmic trading. Additionally, token holders get special access to advanced analytics tools of the platform.

DTX’s presale success is evidence of the increasing investor interest in its ecosystem. At its seventh stage, the presale has gone viral in the crypto community. Currently, tokens are sold at $0.14. Early investors have already experienced a 600% return on investment; however, the future projection makes the current price highly undervalued.

Find out more information about DTX Exchange (DTX) by visiting the links below:

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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.

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