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The cryptocurrency expert Trader Tardigrade predicts Dogecoin (DOGE) value will increase to $3.5 using historical patterns from 2021. Meanwhile, DTX Exchange (DTX) represents a new coin that traces Ripple's (XRP) price activity throughout November and December.
During that bullish spell, the XRP price pumped by more than 300%. Presently, DTX Exchange's price has already increased by 700%, captivating the attention of investors. With such current gains, the value of the DeFi crypto could pump by 10x in this quarter.
Dogecoin (DOGE) Predicted To Hit $3.5
In a recent tweet, a top analyst called Ali Martinez noted that the Dogecoin (DOGE) token appears to have broken a symmetrical triangle. According to Ali, the Dogecoin crypto could be targeting the $0.36 level. Unfortunately, the breakout did not yield much result. CoinMarketCap data shows the Dogecoin price has dipped by 6.0% in the weekly timeframe. Nevertheless, there could still be hope for the memecoin.
Another analyst called Trader Tardigrade notes the Dogecoin token could see a 6-month rally this year. They say the token's current price movement is similar to the one from 2021. Tardigrade forecasts the value of the memecoin might soar to $3.5 after this 6-month surge. In the meantime, DOGE is under bullish pressure. Some of its technical indicators like the Stochastic Fast (14) and Williams Percent Range (14), are showing buy signals which means bulls are gaining momentum.
Ripple (XRP) Remains Bearish Despite Grayscale ETF Filing
According to reports, Grayscale, one of the biggest asset managers in the world, has filed for a Ripple (XRP) spot ETF with the New York Stock Exchange. The company wants to convert its Grayscale XRP Trust into an XRP-spot ETF. It joins Canary Funds, Bitwise, WisdomTree, and 21Shares, which are in the race.
In the meantime, the Ripple price has plummeted by 2.6% on the weekly timeframe, per CoinMarketCap. The altcoin is still battling bearish pressure, which has kept it consolidating between $3.00 and $3.40. While technical indicators like the relative strength index support an uptrend, the negative sentiment in the general market has kept the Ripple coin at bay.
Moving forward, CW forecasts the price of the Ripple token could surge to $4.26 in the short term. However, the analyst noted that there is a sell wall at $3.21. XRP must break this barrier to kickstart a price surge.
DTX Exchange (DTX) No-KYC Policy Attracts Traders
DTX Exchange (DTX) is a relatively new entrant in the trading market that seeks to develop a unique trading platform that combines both CeFi and DeFi. One of the most significant advantages of DTX Exchange is the absence of the KYC (Know Your Customer) policy, which means that users do not need to provide their personal data.
This approach protects the identity of the users and makes it easier for traders to conduct their transactions. Also, DTX Exchange provides a high leverage ratio of 1000:1, which means that traders can control positions that are much larger than the amount of money they invest. For example, one can invest $10 and get $10,000.
In addition, DTX Exchange also has a VIP Rebate System that enables token holders to receive up to 3% of the trading fee revenue of the platform. It encourages users to trade and creates a sense of belonging among the users. The presale stage of the platform has been quite popular, with over $13.3 million raised and more than 400,000 holders onboarded. The DTX token is currently trading at $0.16.
The Next DeFi Token That Could Follow in Ripple’s (XRP) Footsteps
DTX Exchange could become the next cryptocurrency giant. It is one of the most promising candidates for a potential 10x price increase due to its hybrid features and high investor interest. Those searching for the next best crypto that can match Ripple (XRP) could focus on DTX Exchange.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
