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Dogecoin is experiencing a new stress test as the market conditions recover. Meanwhile, this 25x altcoin is eyeing 1,000% gains against meme coins.
The recovering market conditions have turned the tables for a number of altcoins. Dogecoin (DOGE) is one of the many memecoin projects benefiting from the bullish market sentiment. However, this new hybrid trading platform has outshined Dogecoin with its 1,000% gains since its launch, followed by an explosive presale rally that has raised millions to date.
Will Dogecoin pass the new stress test?
Highly celebrated memecoin Dogecoin is approaching a stress test in its growth timeline. The Dogecoin network’s ability to claim new price levels solely relies on whether it can take over current resistance levels. While the Dogecoin network’s numbers are mostly bullish, they’re at a tipping point, where the balance might reach a level where the price begins to go up.
In the last 24 hours, Dogecoin has climbed back with a minor 1.2% surge to $0.10 at the time of writing. Even though it is not a sizeable increase, Dogecoin has shed its losses from last week, eyeing a potential 5% rally ahead. However, this price uptick doesn’t mean Dogecoin has passed the critical stress test.
This is reflected in its 24-hour trading volume as it tells a different story. Within one day, Dogecoin has dipped by a whopping 20% to $610 million, which means that investors are less interested in Dogecoin as they explore other altcoin projects following the market recovery to diversity their portfolios and make big money.
Here’s how whales are uplifting Dogecoin
While Dogecoin is anticipating a major pushback from tough resistance levels, Dogecoin is still an asset of interest among investors as consolidation grips altcoins in an attempt to push for recovery. According to on-chain data, whales have bought over two million Dogecoin coins in the last seven days.
Expert memecoin analyst Ali Martinez sees this rising whale activity as a sign that Dogecoin might witness a bull run in the near term. He pointed out that the Dogecoin network’s recent 65% decline indicates that the meme coin could be preparing for the next big rally. He stated that Dogecoin may take off with a whopping 200% rally.
Martinez based his forecast on the Dogecoin network’s historical performance background. He believes Dogecoin is on track to repeat previous bullish historical price patterns this year. The Dogecoin network’s ability to break the current level still relies on broader market conditions, which will unfold as the market advances further into the month.
DTX Exchange’s presale bags another $200k
As a Layer1 blockchain system, DTX Exchange has ranked among some of the highest-performing crypto channels. In the last 24 hours, DTX Exchange’s presale has raised another $200,000 – defying the market sentiment. While other altcoins are taking time to show rallies, DTX Exchange has gained traction for its bullish presale frenzy.
Built on the Ethereum blockchain, DTX Exchange deploys a robust infrastructure and smart contract capabilities to deliver a decentralized and secure crypto trading platform. Its technical architecture hovers around key components that provide convenient trading, strong security protocols, and transparency among users on the platform.
DTX Exchange eyes a multi-million rally in presale round 4
DTX Exchange will begin its 4th presale round at $0.08 per DTX token after its presale round 3 success. The platform has gained popularity through offerings to its traders. DTX Exchange deploys self-executing contracts on the Ethereum blockchain, which include order execution, trade settlement, and asset management.
These smart contracts ensure that trades are executed automatically and offer transparency without requiring intermediaries from traders. This decentralized approach boosts the platform’s overall efficiency and trading process security. Join this next-gen crypto platform to secure 25x opportunities in the volatile crypto market before its presale ends.
To learn more, visit the presale website and join the DTX community.
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