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Cryptocurrency News Articles
DTX Exchange Emerges as Top Crypto to Invest in for 2025, as Dogecoin (DOGE) and PEPE Struggle with Declining Interest and Price Drops
Feb 11, 2025 at 09:53 pm
Experts believe that with its innovative hybrid trading platform, DTX Exchange will offer a unique opportunity for retail and institutional traders alike.
Investors are pivoting away from meme coins like Dogecoin (DOGE) and PEPE as their popularity wanes and interest in utility-focused projects grows.
After becoming a meme coin favorite, DOGE failed to maintain its traders' interest. According to market data, the current Dogecoin value is around $0.25, reflecting a 24% decrease in the past month.
This sharp reduction in whale transactions has left DOGE struggling to regain bullish momentum, with analysts noting that such decreased activity often correlates with prolonged price stagnation in meme-driven assets.
Meanwhile, another popular meme coin, PEPE, has also seen better days. Its price dropped 46% in 30 days to $0.000009, with a market cap below $4 billion. Technical indicators like the looming Death Cross — a bearish signal where the 200-day EMA crosses above the 50-day EMA — suggest further declines.
However, as interest in DOGE and PEPE wanes, one utility altcoin that has been generating buzz is DTX Exchange. Currently, in its public presale phase, it has raised over $13.5 million, with tokens priced at $0.16 — a 700% surge from its initial offering.
Investors are shifting their focus from meme coins like Dogecoin (DOGE) and PEPE to more stable and useful cryptocurrencies. After becoming a favorite among meme coins, Dogecoin (DOGE) has lost traders' interest.
According to market data, Dogecoin’s value on Monday, March 13, is approximately $0.25, indicating a 24% decrease over the past month. Furthermore, whale activity related to DOGE, a crucial factor in price rallies, has plummeted.
According to Santiment data, transactions valued at $100K+ have sharply declined from an average of 20,200 to 6,200 per week. This significant reduction in whale transactions has hindered DOGE's attempt to regain bullish momentum.
According to some analysts, this decreased activity is typically correlated with prolonged price stagnation in meme-driven assets. In the same period, the Dogecoin (DOGE) trading volume also decreased by 10%, as traders lost interest amid the meme coin’s declining price trend.
While some predict a potential rebound to $4 if historical patterns repeat, skepticism grows due to its reliance on social media trends rather than utility. This decline in its appeal has traders exploring alternatives with stronger fundamentals.
Another meme coin that is struggling to maintain interest is PEPE. Its price has dropped 46% in 30 days to $0.000009, with a market cap of less than $4 billion.
Technical indicators for PEPE suggest further declines, with a Death Cross (200-day EMA crossing above 50-day EMA) forming on the daily chart, indicating bearish momentum.
Moreover, the coin’s MVRV ratio is at -29%, which could indicate possible accumulation phases. However, given the speculative nature of meme coins, many investors are hesitant to buy the dip.
While this is happening, projects offering real-world applications, such as decentralized trading platforms and AI-driven tools, are gaining traction in the crypto market.
According to industry experts, tokens with clear use cases, such as hybrid exchanges, are attracting capital that was once tied to meme coins like PEPE.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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