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Cryptocurrency News Articles
DTX Exchange’s presale tops $5M, aiming for a $0.20 listing post-launch on CoinMarketCap, as confidence wanes in ADA and DOGE
Oct 24, 2024 at 11:04 pm
DTX Exchange's presale performance has changed the game for crypto lovers. Its presale collection has crossed the $5 million barrier and is now eyeing
DTX Exchange’s presale has achieved a new milestone, with a total of $5 million in funds raised. The exchange is now aiming for a $0.20 listing post-launch on CoinMarketCap.
This comes as investors are losing confidence in Cardano (ADA) and Dogecoin (DOGE) amid the broader crypto market downturn.
DTX Exchange’s presale performance has been nothing short of stellar, attracting the attention of crypto enthusiasts far and wide. The exchange’s presale collection has crossed the $5 million barrier and is now eyeing the next grand $0.20 listing after its successful launch on CoinMarketCap.
DTX Exchange’s presale has been a hot topic among investors, who are eager to get their hands on the DTX tokens at the lowest possible price. The exchange has also been generating a lot of buzz in the crypto community, with many traders excited to use the platform’s hybrid trading model.
DTX Exchange is a Layer1 blockchain platform that provides a hybrid trading model, combining the benefits of both centralized and decentralized exchanges. The exchange offers a wide range of trading pairs, including BTC, ETH, ADA, DOGE, and SHIB.
DTX Exchange also has its own native token, DTX, which is used to pay for trading fees and participate in governance votes.
Investors are fleeing Cardano (ADA) and Dogecoin (DOGE) as DTX Exchange dominates the market
While Dogecoin and Cardano are both struggling to maintain their value in the熊市, DTX Exchange is emerging as a clear winner among early investors. The exchange’s presale token count has now crossed 15 million DTX tokens sold.
This is a major achievement for the exchange, especially considering that it was only launched a few months ago.
DTX Exchange’s presale is still ongoing, and investors can purchase DTX tokens on the exchange’s website. The minimum investment is 0.1 ETH, and there is no maximum investment.
Investors who purchase DTX tokens during the presale will be able to sell their tokens on the exchange after it launches.
Dogecoin (DOGE) might be preparing for a deeper correction as the meme coin has failed to maintain its value in the last few days. A critical analysis of the meme coin’s price action suggests that DOGE could be setting up for a potential 16% decline from its current price levels.
This analysis is based on Dogecoin’s recent failure to break above a key resistance level at $1.4004 (Point A on the chart below). Dogecoin faced rejection from this resistance on May 2 and May 4 and began to consolidate sideways.
Meanwhile, a support level formed at $1.1704 (Point B on the chart below) as Dogecoin recovered from lows of $1.08 on May 5.Цена Dogecoin then rallied by 12.5% to trade at highs of $1.30 on May 6.
However, the meme coin failed to continue its uptrend and began to correct lower from the $1.30 resistance (Point C on the chart below).
This correction was highlighted by a 50 Fib retracement level of the recent upswing from the $1.08 lows to the $1.30 highs, indicating that Dogecoin could be preparing for further downside.
In the event that Dogecoin breaks below the 50 Fib retracement at $1.2264, the meme coin could continue its correction towards the 61.8 Fib retracement at $1.1084.
Further support is located at the 78.6 Fib retracement at $1.0543.
Breaking below this Fib retracement could see Dogecoin fall another 16% to hit the 100 Fib retracement at $0.999.
Cardano (ADA) price shows signs of weakness as it fails to hold support above $0.334. A closer analysis of ADA’s price action reveals that the cryptocurrency could be setting up for a potential 6.5% decline from its current price.
This analysis is based on Cardano’s recent failure to break above a key resistance level at $0.346. Cardano faced rejection from this resistance on May 2 and May 4 and began to consolidate sideways.
Meanwhile, a support level formed at $0.324 (Point B on the chart below) as Cardano recovered from lows of $0.31 on May 5.
Cena Cardano then rallied by 3.2% to trade at highs of $0.334 on May 6. However, the cryptocurrency failed to continue its uptrend and began to correct lower from the $0.334 resistance.
This correction was highlighted by a
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