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Dogecoin (DOGE) is back in the headlines again after its rally in November. A top analyst called Trader Tardigrade forecasts the price of DOGE might rally to $3.5 soon. But while meme coins attract attention, smart investors are turning their attention to DTX Exchange (DTX), a DeFi giant that has attracted 550,000 users.
Its platform offers users the best features of both CEX and DEX, fast trading, and high liquidity. With Cardano (ADA) currently experiencing some stagnation, DTX could become the new king of DeFi. Its value is expected to rise by 10x soon. With Cardano (ADA) currently experiencing some stagnation, DTX could become the new king of DeFi. Its value is expected to rise by 10x soon.
According to a top expert, Trader Tardigrade, the price of Dogecoin (DOGE) might pump to $3.5 in the coming months. They noted that the memecoin has been trading above a channel that has acted as a support in the past few years. Meanwhile, Trader Tardigrade pointed out that the price of the Dogecoin crypto usually skyrockets at the end of each cycle.
DOGE is currently close to the end and could soar to $3 soon. In an earlier tweet, Trader Tardigrade noted that DOGE's price might skyrocket in the next 6 months. The expert posted a chart with a price target of $2.5. Interestingly, this forecast comes at a time when the Dogecoin price trades under bearish control.
CoinMarketCap data indicates its value has dropped by 20.5% on the weekly timeframe. Notably, the sentiment surrounding the Dogecoin token is neutral. The relative strength index and Fear and Greed Index are in the neutral zone which means equal momentum from bears and bulls.
Cardano (ADA) has been trading around the $0.6084 – $0.979 range in the last seven days. Data from CoinMarketCap shows the price of the DeFi coin has dropped by 20.3% during this period, meaning that bears are in control. Mr Brownstone posted a chart that showed the potential targets of the Cardano crypto in the coming months.
According to the chart, the price of ADA might pump to $1.2 and then $3.5 in the coming weeks ahead. Another analyst called WiseCharts says the value of the Cardano token might soar to $0.8 in the short term.
On the other hand, losing the $0.7 support could invalidate this prediction. At the moment, the sentiment surrounding the Cardano cryptocurrency is neutral. The Fear and Greed Index is currently at 54 which is a neutral zone. Also, the relative strength index is neutral which means neither bears nor bulls have control of the market.
In the rapidly growing crypto market, DTX Exchange (DTX) is changing things bringing in the traditional finance industry. One feature of DTX Exchange is that it is a multi-asset trading platform. Unlike other trading platforms that are strictly for cryptocurrency, DTX offers an opportunity to trade over 120,000 financial instruments including cryptocurrencies, stocks, forex, commodities, and ETFs.
This diverse offering helps traders to hedge their bets, reduce their exposure to risk, and invest in a range of asset classes with the same trading platform. Whether an investor wishes to invest in Bitcoin, trade technology shares, speculate on the price of oil, or hedge against foreign exchange risks, all these can be easily done on DTX.
For traders who prefer to stay anonymous, DTX is the perfect solution. Currently, in the presale phase, the value of the DTX token has risen by 700% to $0.16. The fast transactions, the availability of various assets, and the no-KYC process have placed DTX in a strategic position in the trading market.
As Cardano (ADA) battles bears, DTX Exchange is becoming one of the leading players in the DeFi market. It provides over 120,000 trading pairs, 1000:1 leverage, and access to advanced trading tools. Given its features and potential for growth, investors looking for the best crypto to buy could look at DTX.
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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.
