Experts Call the End of Memecoin Cycle But Don’t Bail On Cardano and DTX Exchange Before 10x

The once-thriving meme coin market is now facing serious turbulence, with Dogwifhat (WIF) and PEPE dropping in value. With PEPE down 65% from its all-time high and Dogwifhat dropping 36% in just a week, many analysts believe the meme coin supercycle is coming to an end.

However, savvy investors are shifting their focus to high-potential altcoins like Cardano (ADA) and DTX Exchange. While Cardano price eyes new big targets, DTX Exchange is making waves with its hybrid trading platform, already securing $13.5 million in presale funding. Let’s find out more about Cardano price and DTX.

Dogwifhat and PEPE Crash: The End of the Meme Coin Mania?

There has been a lot of volatility in the meme coin market lately, with well-known tokens like PEPE and Dogwifhat seeing sharp declines. PEPE, for example, has plummeted 26% in just a week and is now 65% lower than its all-time high. Investors are quite concerned about PEPE and Dogwifhat steep decline, which has resulted in the liquidation of nearly $20 million in leveraged holdings.

Likewise, WIF has not been spared from market volatility. As of right now, the token is selling at about $0.75, down 36% from the previous week. These declines in PEPE and WIF have led analysts to speculate that the meme coin supercycle is coming to an end.

The quick ascent and subsequent decline of PEPE and Dogwifhat tokens raise doubts about the long-term sustainability of meme-based cryptocurrencies by highlighting the risks involved.

Cardano Price Forecast: Can ADA Really Reach $15?

Despite Cardano price volatility, ADA, the ninth-largest cryptocurrency by market cap, is trading low but performing well compared to other market players.

In a recent X post, well-known on-chain expert Ali Martinez stated a different perspective for Cardano price, suggesting that ADA will soon reach $15. Martinez provided a chart in his post that showed ADA following a historical pattern that resulted in a parabolic surge.

He highlighted that if the Cardano price sticks to the same pattern established in 2021, ADA might witness a huge 3,000% surge. Given this finding, analyst Martinez’s $15 target is feasible.

However, more factors may influence whether ADA will be able to meet the target or not. These include Cardano price movements, sentiments in the global cryptocurrency market, macroeconomic developments, and its recovery from the accumulation period.

As of this writing, ADA is trading at $0.73, down 4.07% over the previous day. With a trading volume of $897 million and a market value of $25.7 billion.

DTX Exchange: The $0.16 Altcoin Poised for Explosive Growth

While experts signal an end of the meme coin cycle, DTX Exchange (DTX) has come under the spotlight as a leading player offering massive returns and innovative technology.

DTX Exchange is an upcoming trading platform that is stepping into the market to solve problems like high costs, a lack of asset variety, centralization, counterparty risk, and restricted access. It solves them through its hybrid approach that combines the pros of DEX and CEX. Although the performance of this upcoming platform resembles a centralized exchange, the custody component is entirely decentralized.

More than 120,000 commodities with over 1,000X leverage margin are available for trading on the platform. Traders will be able to effortlessly trade conventional stocks, cryptocurrency, foreign exchange, stocks, ETFs, and a lot more from a single, unified interface.

This platform is backed by its layer-1 blockchain, VulcanX. The platform recently launched the blockchain’s testnet, which gave an estimated transaction per second (TPS) of over 200,000. This has left many top players in the market behind, giving an unmatched processing time.

Further elevating the game are its distributed liquidity pools, which reduce slippage and provide the best execution pricing by combining liquidity from many sources.

DTX Exchange is currently in its presale phase and has proved to be a show-stopper with its stellar performance. The presale was able to collect over $13.5 million in funding from investors all around the globe in just a few months. The price has grown dramatically, currently standing at $0.16 per token. It has already generated a massive ROI for all of its early investors.

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