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Dogecoin has captured attention with its potential to hit a new all-time high (ATH) amid rising open interest and market excitement. However, crypto whales seem to be favoring a viral altcoin DTX Exchange instead, signaling a possible shift in market dynamics.
With significant developments, including the inauguration of a pro-crypto president and Elon Musk’s involvement, Dogecoin’s future looks intriguing. But why are whales turning elsewhere? In this article, we’ll explore the latest trends and what they mean for investors.
The Dogecoin market has been buzzing as open interest sees a big jump. The upcoming inauguration of Donald Trump as the first openly pro-crypto U.S. president on January 20 has stirred excitement. Many traders are betting that this event will bring good news for cryptocurrencies, especially Dogecoin.
Dogecoin price open interest started rising significantly toward the end of 2024, climbing past $2.7 billion in the last days of the year. Since then, the figure has nearly doubled. In the past 24 hours alone, Dogecoin price increased by 3.68%, reaching a total of 12.01 billion DOGE, which equals $4.27 billion. The last time open interest was this high was in December 2024 before a market crash reduced activity.
Between January 14 and 15, open interest grew by over $400 million. This surge shows that more investors are entering the market, anticipating a potential Dogecoin price boost.
Gate has overtaken Binance as the top exchange for Dogecoin open interest. Of the 12.01 billion DOGE total, Gate handles 4.89 billion DOGE, while Binance comes second with 2.15 billion DOGE. Bybit and Bitget follow, managing 1.96 billion DOGE and 1.01 billion DOGE, respectively. Together, these top four exchanges account for about 80% of Dogecoin's open interest.
DTX Exchange stands out from meme coins like DOGE by focusing on real-world use. It’s a Layer-1 platform designed to link traditional finance (TradFi) with decentralized finance (DeFi). This creates a unified trading system for stocks, cryptocurrencies, and forex.
The DTX Token, central to this system, is currently in presale for $0.14. With its practical approach and potential for growth, DTX offers an appealing investment option for those looking to the future.
Can DOGE Reach $1?
The excitement around Trump’s inauguration and Elon Musk’s new "Department of Government Efficiency" (D.O.G.E) has led to hopes that Dogecoin price could reach $1. However, selling pressure is holding the price back, and there is still some doubt about whether a rally will happen.
According to CoinMarketCap, Dogecoin’s daily trading volume has dropped by over 21%, signaling caution among traders.
Only time will tell if this enthusiasm will translate into a sustained price increase for Dogecoin. For now, all eyes are on January 20.
DTX Exchange is gaining attention from crypto enthusiasts, including DOGE traders, by offering a platform that combines cryptocurrencies, stocks, and forex in one place. This innovative marketplace makes trading and investing simpler and more accessible for modern traders.
Key Features of DTX Exchange
DTX Exchange uses the Vulcan X blockchain to provide fast and efficient trading. It also offers a range of DeFi tools, including the Phoenix Wallet, which allows users to easily manage both digital and traditional assets in one app.
DTX goes beyond standard trading by enabling users to tokenize real-world assets like real estate and commodities. This creates new ways to diversify portfolios with tangible assets.
In its seventh presale round, DTX has already raised $11.8 million. With its unique approach and growing popularity, DTX is becoming a leader in the digital finance space.
For more information about DTX Exchange (DTX), check out the links below.
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