Since the start of the memecoin hype, Dogecoin has been a major favorite for traders. The Elon Musk inspired altcoin created a cycle of wealth which resulted in countless traders making millions.
The currency also became the first example of internet money backed behind just a community.
However, since then, Dogecoin has lost considerable steam. Even popular ambassadors like the Dogecoin Millionaire have publically lost millions on their DOGE holdings. In that changing market, traders are now embracing alternatives. One popular choice includes DTX Exchange, a hybrid altcoin that’s changing how crypto holders interact with traditional assets.
Dogecoin (DOGE) Price Forecast
Dogecoin (DOGE) has disappointed holders in the past few months despite being the most loved memecoin. The doge-themed currency has shed over 30% of its value since hitting local top at $0.44 in 2024. Key reasons behind the decline are the shift to utility altcoins as traders search for projects with tangible value.
Despite being fueled by a loyal community, DOGE price is facing a major challenge in the short term. The lack of practical features offered by altcoin put it at a significant disadvantage in the market. Additionally, with a market cap surpassing $50 Billion, the project might have already seen its best days.
On the technical charts, DOGE price has some minor room for upside. With a weekly RSI of 62, Dogecoin could continue its bullish direction if market conditions remain consistent. However, at the same time, if you’re looking for the most upside this cycle, it could be worth exploring some other projects with much better growth potential.
What’s Driving Demand for DTX Exchange Instead of DOGE
Traders are picking DTX Exchange over established players like Dogecoin and Rexas Finance because of its groundbreaking technology. The utility altcoin has proven its worth in the market with practical products, and massive demand in the market. While DOGE has already turned from a startup project into a multi-billion market cap project, DTX Exchange is just getting started.
The platform has already raised over $11.3 Million in its democratized presale that is allowing retail traders to get in early. Traders can get tokens at a considerable discount compared to the listing price of $0.20. If the project follows the trajectory of other proven platforms, it could even end up surging over $10 after listing.
Additionally, DTX Exchange is set to offer a series of new upgrades this year including the live trading feature on the exchange. Users can already use the Phoenix Wallet to custody over 120,000 assets, making the platform a leading stakeholder in the crypto world.
So make sure you check out the presale and become an early adopter of the ecosystem. Early adopters are expected to get benefits like passive income, profit shares, and governance rights. With the market trending towards a bullish direction, DTX Exchange could be set to become one of the most promising ecosystems in the market.
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
