In the past few years, memecoins like Dogecoin (DOGE) and PEPE have become favorites of momentum crypto traders and investors. But in this correction, minting non-fungible tokens and then investing them into memecoins such as these is considered not beneficial to them. Investors have thus moved to utility coins such as DTX Exchange (DTX).
From the recent swing high, Dogecoin (DOGE) has decreased by around 27%, while PEPE is down 37% from the recent peak. However, the downtrend in these coins has slowed down, and consolidation has formed, which could lead to a breakout in meme coins.
PEPE Highest Relative Strength Among Memecoins
Among the major memecoins, like Dogecoin (DOGE) and Shiba Inu, PEPE is showing the highest relative strength. PEPE formed a small consolidation on July 14 and gave a move of around 30% and the same pattern has been observed in PEPE this time too.
The descending trendline could be PEPE’s next resistance; this trendline rejected the price twice on 27 May and 24 July. The next level could be 0.00001, which can act as strong resistance. Also, the short-term moving averages of 20 days and 50 days can work as resistance for PEPE’s price as it is still below these averages.
How Much Could Be Your $50 Invested In Dogecoin (DOGE) From 2019?
With a market cap exceeding $15.1 billion, Dogecoin (DOGE) has become the most popular meme coin, ranking #9 in the overall crypto market. Back in April 2019, Dogecoin (DOGE) was priced at just $0.003, with a modest $300 million market cap. Dogecoin (DOGE) remained quiet until early 2021, when it experienced its first major surge.
By May 2021, Dogecoin (DOGE) skyrocketed to an all-time high of $0.7376, marking an incredible 25,000% gain since 2019. Today, Dogecoin (DOGE) is valued at around $0.1042, a 3,373% increase since April 2019. If you had invested $50 back then, you’d have about $1,736.
DTX Exchange Set To Follow Dogecoin (DOGE) Price Trend
Currently, in the second stage, DTX Exchange is priced at just $0.04, and according to expert analysts, the price is going to touch $2 by March 2025, making an exponential increase of 4,900% if invested now.
DTX Exchange (DTX) is completely disrupting the old-fashioned financial (TradFi) sector through its updated characteristics and versatile dis-positions. It offers up to 1000x leverage and access to distributive liquidity pools; in this way, it becomes easier for brokers to optimize trading and profits.
DTX Exchange is not a platform but a brokerage that facilitates you to trade shares of companies’ government securities, buy or sell money, CFDs, etc. With the execution speeds of as high as 0.04 seconds, traders can apply their strategies accurately and instantly still being able to compete in a very quick trading environment.
The platform also contains quantitative and algorithmic trading tools, which allow users to automate their strategies in the financial markets and thus take advantage of market inefficiencies. By using the combination of numeric data and solutions to solve problems, DTX Exchange can surpasss Dogecoin (DOGE) and PEPE soon.
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