The new crypto market year is offering traders and investors a mix of excitement and despair. After December's dip, top assets like Bitcoin regained their ascent toward $100,000. In addition, Binance Coin has recorded notable gains, delighting its investors.
Yet the same cannot be said for Pepe Coin, the third largest meme crypto. This altcoin faces a massive price crash after a significant correction. Experts warn that there might be little hope for recovery, and investors should consider this new token, DTX Exchange.
With BNB price and DTX pumping, PEPE holders could jump ship in hopes of recovering lost gains.
Pepe Coin, the third-largest meme coin, has staged a 40% recovery from its December lows as investors capitalized on its dip. However, recent data reveals concerning trends that could signal trouble ahead.
According to experts, top Pepe holders now control 40 billion tokens, a sharp decline from over 45 billion weeks ago. Meanwhile, data from IntoTheBlock highlights a significant drop in new addresses, suggesting waning interest.
Technically, the Pepe price chart tells a bearish story. After peaking at $0.00002190, it formed a double-top pattern. Now, it trades at $0.00002. A drop below this level could lead to a 35% plunge, targeting the December low of $0.00001433.
Despite PEPE’s bearish outlook, Binance Coin has more gains up its sleeve. This asset is rapidly gaining momentum, with a potential breakout above $800. Over the past 24 hours, BNB has surged by 0.5%, contributing to its 7-day gain of 5% at the time of writing.
As it trades at $724, experts note it could test a potential zone at $700. This aligns with technical indicators, including bullish EMA trends and an RSI approaching overbought levels. If BNB surpasses the $750 resistance level, it could target its December highs at $793 and soar beyond that value.
Despite a mixed outlook on top altcoins, the crypto market is green with trading activity, and new players are poised to ride its momentum. One notable asset that has been making headlines is DTX Exchange. By introducing a hybrid trading model, DTX offers hundreds of thousands of financial instruments, giving investors more options to trade beyond cryptocurrency.
VulcanX, a top-tier blockchain with incredible speed and security, powers DTX Exchange. With speeds exceeding 100,000 transactions per second (TPS), investors can capitalize on quick market turns and make profits.
Another key feature that might attract savvy traders is how the platform doesn't require KYC for its operations. This would appeal to those who value their privacy and enjoy anonymous trading. Its non-custodial storage solution, Phoenix Wallet, has gained significant traction. Here, users would enjoy copy trading and automated trading capabilities to make better trading decisions.
So far, DTX Exchange has proven its value in its ongoing ICO, which has raised over $11.3. With the current discount price of $0.14 per token, analysts predict upwards of 10x profits when it finally lists. Early DTX backers have reaped 6x gains and will enjoy more in the coming presale rounds.
Pepe’s price crash may have disheartened many investors, yet the imminent bullish surge from DTX Exchange could give investors a chance to recover quickly. This makes it a project to watch closely in the coming weeks,
Pepe Coin holders might be at a disadvantage in the next bullish cycle as PEPE faces an imminent crash. Meanwhile, BNB and DTX look ready to deliver incredible price surges. However, DTX shines in certain perks that set it apart from its contemporary.
Given its hybrid trading model and growth potential, DTX could become the next billion-dollar altcoin. Also, it’s at its presale, offering investors and traders the chance to get involved before more momentum kicks in. As such, experts expect a potential 10,000% growth for this viral project in this new year.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. 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. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.