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Cryptocurrency News Articles
DTX Exchange: A new favorite for Dogecoin whales with big rewards and Low fees
Oct 09, 2024 at 04:30 pm
DTX Exchange is becoming a strong player in the crypto world. It's catching the eye of big Dogecoin (DOGE) investors, who now prefer it over riskier coins
Dogecoin (DOGE) whales, known for their strategic investments, are now showing interest in DTX, a new low-cap altcoin, over the likes of Ripple (XRP).
These major players in the crypto space believe DTX has the potential to overtake XRP by 2025. With growing interest and large transactions, DTX could be a hidden gem, primed for a significant breakout.
In this piece, we will be discussing why DOGE whales are betting on DTX and what this holds for its future.
Dogecoin sees massive spike in activity: Expert predicts possible major price rally
A well-known cryptocurrency expert believes that the popular meme token Dogecoin (DOGE) is seeing a massive increase in activity on its network.
The analyst, Ali Martinez, told his 73.4K followers on the social micro-blogging platform X that large investors might be behind the sudden spike in الكبير Dogecoin transactions.
“Number of large Dogecoin transactions is increasing, which could indicate that large investors / Dogecoin ‘whales' are preparing for a possible price rally.”
Last week, Martinez noticed that these “whales” were scooping up over $100 million in Dogecoin (DOGE) in just a single day.
“Dogecoin whales bought over 1 billion DOGE in 24 hours, which is about $108.7 million!”
As Dogecoin begins to show signs of strength, Martinez now believes that DOGE may be preparing to replicate the vast price increases it saw in 2017 and 22020.
“History tends to repeat itself, and Dogecoin might do the same thing again. There's a familiar pattern: first, it breaks out of a long-lasting downtrend, then it surges by 200%, drops by 60%, and finally, the price skyrockets in a bull run.”
After a recent 65% price drop, Martinez believes DOGE could be gearing up for another leg up, which he predicts could see it soar past its all-time high of $0.7316, potentially reaching above $2!
XRP community speculates on Ripple’s grander plans beyond payments
The Ripple (XRP) community is once again speculating on Ripple’s long-term goals and how these could influence the price of XRP.
The host of Common Sense Crypto (CSC) believes that Ripple’s ambitions may extend far beyond facilitating cross-border payments. While these theories remain largely speculative, they have sparked interesting discussions, particularly regarding Codius, Ripple’s former smart contract platform.
Amidst recent speculation on Ripple’s true plan, the CSC host has once again brought attention to Codius, suggesting that there could be more to Ripple's endeavors than just payments.
The host speculates that Ripple is preparing to monopolize the vast derivatives market, where trillions of dollars are traded each day.
This theory is supported by several recent developments. Last August, Ripple quietly joined the International Swaps and Derivatives Association (ISDA), a key player in the derivatives industry. Additionally, crypto exchange Bitstamp has reportedly approached Ripple to assist in launching a new derivatives exchange.
The CSC host also highlighted comments made by Kendra Hill, an XRP community member, who previously stated that she believes cross-border payments are merely a testing ground for Ripple.
DTX Exchange: A new favorite for Dogecoin whales with massive rewards and low fees
DTX Exchange is quickly emerging as a formidable force in the crypto space. Notably, it has become the preferred choice for large Dogecoin (DOGE) investors over higher-risk coins like Ripple (XRP). Thus far, DTX Exchange has managed to raise $3.8 million in its presale, indicating the potential for substantial future returns.
DTX Exchange offers a unique opportunity for involvement to those who hold DTX tokens. It features a remarkable mechanism that allows them to earn additional DTX tokens by actively participating in making key decisions for the platform. Their level of participation directly corresponds to the rewards they accrue in DTX tokens.
At the heart of this project lies the DTX token itself. Currently priced at $0.06, the token has already seen a significant rise from its launch price of $0.02. However, this low price point is not expected to last for long, as the token is slated to increase in value to $0.08 before the year's end. According to experts, DTX could multiply in value by 30 times following its listing on a major crypto exchange later this year.
Buy PresaleVisit the DTX WebsiteJoin the DTX Community
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