Dogecoin and Ethereum Show Signs Of Recovery, DeFi Project Hits 700k Users

Dogecoin and Ethereum, two top crypto coins, are showing signs of recovery after a long period of correction. While this might be a false breakout, a new star has emerged in the DeFi space, attracting investors’ attention.

The new project called DTX Exchange (DTX) has already gained 700,000 users due to its unique approach to trading. It combines centralized and decentralized models together to give users high liquidity, fast transactions, and low fees. Currently, in the crypto ICO phase, DTX holders have seen their portfolios grow by about 800%.

Dogecoin (DOGE) Ready For Rebound As RSI Hits Oversold Region

Dogecoin (DOGE), one of the top memecoins in the market, is showing upward movement in the weekly timeframe. The DOGE price has bounced off the $0.2425 support and is now targeting the $0.3 level. Reclaiming this level could spark a major surge in the DOGE price.

Despite the little uptick, CoinMarketCap data reveals the DOGE price has plunged by 28.0% on the monthly chart. Nevertheless, the DOGE price could rise to new price targets soon. An analyst called Trader Tardigrade notes that Dogecoin crypto might experience another rally based on a historical pattern.

The analyst said that the DOGE price might rise to $6 in the coming months. In another tweet, Trader Tardigrade notes the DOGE price is set for a rebound. The analyst argued that the cryptocurrency’s 4-hour RSI has reached the oversold zone. If a rebound occurs, the DOGE price could rise to $0.5 in the next few weeks.

Ethereum (ETH) Predicted To Reach $3.1K

The Ethereum price has been consolidating between $2,588.09 and $2,819.31 in the past seven days. The Ethereum crypto is among the top altcoins yet to set a new all-time high in the past year. Presently, CoinMarketCap data shows the Ethereum price has increased by 2.3% on the weekly timeframe.

This Ethereum price surge shows that bulls might be finally gaining traction. Besides, Quinten Francois reveals that whales have been buying Ethereum (ETH) aggressively. Looking forward, Cas Abbe forecasts the Ethereum price might pump to $3.1k in the next few weeks. Another analyst called Trader Tardigrade posted a similar prediction.

The analyst noted that the Ethereum price was trading in a symmetrical triangle. Tardigrade believes a breakout could occur anytime from now. If this happens, they expect the Ethereum price to skyrocket to $3,180 soon. Meanwhile, Ted, a crypto investor, says the Ethereum price might pump to $4k in a short time.

DTX Exchange (DTX) is Revolutionizing the Trading Landscape

DTX Exchange (DTX) is building a hybrid exchange that combines the features of both CEX and DEX. It would also offer traders access to over 120,000 assets, including cryptocurrencies. stocks, forex, commodities, and ETFs among others. The platform does not hold users’ funds, which makes it secure and puts the control in the hands of the users.

This decentralized approach is more secure than centralized storage systems since it does not depend on third parties. DTX Exchange also has a rich set of advanced trading tools that are aimed at helping traders make more profits. Also, it has bots that can follow market trends and provide the best trading opportunities to users.

DTX Exchange has been in the presale stage for some time now, catching the attention of the crypto community. So far, the DeFi project has been able to secure over $14.8 million in funding and has over 600,000 token holders. Currently, the DTX token is trading at $0.18 at the bonus stage of the presale. Its price is expected to skyrocket by 10x after listing on tier 1 exchanges.

DTX Exchange, One of the New DeFi Projects To Watch Out For

While Dogecoin and Ethereum show signs of recovery, DTX Exchange is establishing itself as a key player in the DeFi market. As the number of users increases, DTX could be the next big crypto project with potential for a 10x growth.

Find out more information about DTX Exchange (DTX) by visiting the links below:

Buy Presale

Visit DTX Website

Join The DTX Community