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The Dogecoin price has reached its lowest point of $0.19 in the last three months, causing panic among investors. Meanwhile, Ripple has also felt the heat of the downtrend in the general market. Santiment data shows that whales have sold over 370 million coins in the last 96 hours.
As DOGE continues to decline, smart investors are investing in DTX Exchange (DTX), a DeFi giant that has not been affected by the bear market. The DeFi crypto has seen 800% price gains while raising over $15 million in funding. Given its resilience, DTX could be the best crypto to buy for those who want to 10x their portfolios.
The Ripple price is trading below the $2.50 mark after a recent decline on Tuesday, which took the cryptocurrency to a weekly low of $2.13. If bulls had not intervened, the XRP price could have fallen below the $2 mark. While the Ripple price has recorded a little uptick, it is still bearish.
CoinMarketCap data shows the Ripple price has plunged by 10.5% on the weekly timeframe and 20.4% on the monthly level. Interestingly, the downtrend comes as whales offload Ripple coins in fear of more price correction. Data from Santiment quoted by Ali Martinez indicates that these large investors sold over 370 million XRP in the past four days.
This high selling pressure shows that whales are not optimistic about the Ripple price trajectory. On the other hand, BlockchainBaller says the Ripple price might pump to $5-$7 in the coming months. Another expert, Paulo Ricci, expects the Ripple price to climb to $3.4 soon.
At the beginning of the year, the Dogecoin price trajectory for 2025 looked bullish due to increased interest from investors and numerous mentions from Elon Musk. The creation of the D.O.G.E. and the recent Dogecoin ETF filing also added to the positive momentum analysts believed could push the Dogecoin process to a new peak.
Unfortunately, the opposite has been the case. The Dogecoin price has been on a gradual decline in the last few months. CoinMarketCap data shows the Dogecoin price dropped from a 3-month peak of $0.45 in December to $0.19 in February. Also, investors' sentiment has declined. The Fear and Greed Index is currently showing fear.
Also, the relative strength index is in the oversold region which supports more Dogecoin price drops. Going forward, CryptooELITES says the Dogecoin price could rally to $0.75 in the short term and $2.7 in the long run. TraderSteve forecasts the Dogecoin price might surge to $0.8 in the coming months.
Although the Dogecoin price has declined, DTX Exchange (DTX) is gaining attention in the market. It is developing a hybrid exchange at the same time. This approach gives traders an opportunity to trade over 120,000 financial instruments including cryptocurrencies, shares, forex, metals, CFDs, and ETFs.
One of the most important aspects of DTX Exchange is the sophisticated trading instruments. These tools help traders to execute their strategies with a lot of accuracy thus making trading easier. Also, it has bots that monitor the market and provide the best trades with the highest profit.
In its ongoing crypto ICO stage, DTX Exchange has managed to get more than $15.1 million in funding. The DTX token has also been on the rise, and the token is now priced at $0.18. This rapid expansion makes DTX Exchange one of the best DeFi projects to be part of today.
While the Dogecoin price has plummeted and investors are losing faith in Ripple, DTX Exchange is getting set to hit another milestone. This new DeFi project has captured the attention of users with its hybrid exchange and multi-asset trading platform. Those who join DTX Exchange early enough are likely to be the biggest beneficiaries this cycle.
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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.
