Dogecoin and Chainlink Reflect Bearish Trends – This New ICO Soars Past $2.5M; Time to Buy?

September 10, 2024

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Crypto’s “Fear and Greed Index” tumbled as sentiment took a big hit. Bitcoin closed the week below $55,000 and top altcoins like Dogecoin (DOGE) and Chainlink (LINK) reflect wider bearish trends. While a comeback is on the cards, further downturns aren’t out of the question either.

Meanwhile, DTX Exchange (DTX), a new and emerging cryptocurrency, hit $2.5 million in early funding. This remarkable figure highlights its novelty and confidence in its potential—one of the best new cryptos to invest in.

DTX Exchange (DTX): The Best New Crypto to Invest In

DTX Exchange (DTX), the trending ICO, recorded a huge milestone after soaring past $2.5 million in presale. Quickly making a name for itself, it has become an investor favorite, largely thanks to its unique offering and significant upside potential.

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The wider trading scene, valued at $10.3 billion in 2023, is set to be transformed by DTX by blending the best features of CEX and DEX. This guarantees security, transparency, enhanced liquidity, speed and diverse asset classes. The launch of its unified chain—the first blockchain to integrate TradFi and DeFi—is at the heart of the current market buzz.

With the presale selling out fast, now is the best time to become early holders. As retailers stack up, so do whales. The ICO is in the third round, priced at $0.06 and tipped for a 100x upswing post-launch. To make the most of the market’s next jump, DTX is perhaps a better bet than Dogecoin or Chainlink.

Dogecoin (DOGE): Eyes a Break Above $0.15

Dogecoin (DOGE), the leading memecoin and a top altcoin, took one of the biggest hits as the crypto market tumbled. It retested old price levels, reflecting wider bearish trends. Also contributing to its decline is the dwindling interest in memecoins as investors opt for utility-driven projects instead.

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The past few weeks have been underwhelming for the dog-themed cryptocurrency. On the monthly charts, it has been down by 7%, highlighting overall market decline and declining interest in memecoins. The Dogecoin price today is less than $0.1, although a breakout is imminent.

According to a popular Dogecoin price prediction, the fun-inspired altcoin will break above $0.15 before the month’s end. While current market conditions might be cautious and bearish, a bounce is just around the corner.

Chainlink (LINK): Price Drop Reflects Larger Bearish Sentiments

Chainlink (LINK), the Oracle network, wasn’t spared either as the crypto market nosedived. It briefly fell below $10, although a slight uptick has been recorded afterward. While a retest of $7.5 isn’t out of the question, holders remain optimistic.

In the past thirty days, the Chainlink price tumbled by over 2%, falling from a high of $12.6. This downswing reflects the wider crypto market’s sentiment and declining interest in LINK. Although the future holds more promise, investors nonetheless brace up for further downswings.

Two different price forecasts have been making the rounds in the crypto scene. The first Chainlink price prediction suggests a breakout above $14 before the month’s end. Meanwhile, a more bearish forecast hints at a fall below the $8 mark before a huge leap.

Conclusion

While Dogecoin and Chainlink lost key price levels, DTX Exchange hit the $2.5 million fundraising milestone. This incredible feat represents a vote of confidence in its potential—a new DeFi protocol to watch out for. As it prepares to shake up the crypto scene, it is a bullish wave to take advantage of.

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