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Many cryptocurrency watchers are so focused on the $TRUMP frenzy that they fail to notice indications that DOGE may be preparing for its next major rise. The Dogecoin price has risen 8% over the previous month to close to $0.3668 after whales grabbed an incredible 1.83 billion DOGE tokens in the last 48 hours.
According to a cryptocurrency specialist, DOGE may be preparing for a massive bounce in the first quarter (Q1) of 2025 as the leading meme coin negotiates the erratic market. The expert anticipates that the Dogecoin price will rise beyond $1, setting a new all-time high for the DOGE.
Additionally, DTX Exchange (DTX), a new coin, is receiving a lot more attention during its presale. Compared to DOGE, analysts are likewise far more optimistic about it. Analysts predict that DTX may increase to $5 soon.
Dogecoin Price Sees Sell-Off Despite Bullish Developments, Investors Take Profits After 200% Gains
Despite a number of encouraging developments, Dogecoin's price saw significant negative fluctuation on Thursday because of a sell-the-news frenzy. The "Department of Government Efficiency" measure was signed into law by US President Trump on Tuesday; the official website prominently displays a Dogecoin logo.
Because of Elon Musk's long standing support for Dogecoin, the market responded favorably to the relationship. Bitwise, an asset management company, submitted a spot DOGE ETF application to the US SEC on Wednesday.
However, it seems that Dogecoin holders have started taking profits as a result of these optimistic events. Many investors who began purchasing DOGE in September 2024, when Musk publicly aligned himself with Trump's campaigns, are already sitting on unrealized returns of more than 200%. These holders decided to lock in profits when DOGE reached significant milestones.
Dogecoin Price Poised for New All-Time High in Q1 2025, Analysts Predict Bullish Trajectory for DOGE
According to cryptocurrency researcher TradingShot, in Q1 2025, the Dogecoin price will hit a new all-time high. The 1-Day 50 Moving Average, which serves as a support level for DOGE, is one of the important technical indicators that the analyst emphasizes. Dogecoin's breakout over the MA50 in 2024, which led to a significant price increase, followed a similar trend.
It is anticipated that the Dogecoin price will have a similar trajectory, possibly reproducing the bull movement of 2024. A bull flag formation on the DOGE 2-day price chart indicates a substantial gain, according to another expert, Trader Tardigrade, who predicts a greater climb for the Dogecoin price. Investors are keeping a careful eye on the market for indications of a possible breakout as the Dogecoin price continues to fluctuate.
DTX Exchange Bridges DeFi and TradFi with Cutting-Edge Technology and Unbeatable Benefits
In terms of DeFi and TradFi, DTX Exchange is a pioneer. By building a bridge, it will revitalize the $3.2 billion trade sector and prevent centralized and decentralized finance from existing separately. With DTX, traders may trade more than 120,000 asset pairs without having to browse several sites.
The VulcanX layer 1 blockchain powers DTX, which is acclaimed as a revolutionary technical advancement. With a TPS of over 200,000 during its testnet run and strong community support, it offers speedier transactions, no hidden fees, and an unparalleled commitment to security and decentralization.
For those that choose to take advantage of automated trading, DTX will provide trading bots as an extra perk. These artificial intelligence (AI) bots are able to recognize market openings and carry out the technical analysis required to enter lucrative positions.
The current value of the DTX Exchange (DTX) token is $0.16, a 700% gain from the token's launch price of $0.02. Following the opening of the DTX Exchange and the token's listing on tier-1 exchanges, investors are positioning themselves for further profits.
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.
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