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Cryptocurrency News Articles

Trump's Inauguration Marks the Beginning of a New Era for Altcoins, ETH and DOGE Are Already Trending

Jan 18, 2025 at 06:00 am

With Trump's inauguration fast approaching, everyone is looking at the crypto market, especially at altcoins. Ethereum (ETH) and Dogecoin (DOGE) are already trending.

Trump's Inauguration Marks the Beginning of a New Era for Altcoins, ETH and DOGE Are Already Trending

As Trump’s inauguration approaches, the crypto market is abuzz, especially with altcoins. Ethereum (ETH) and Dogecoin (DOGE) are already making headlines. CaptToblerone predicts ETH’s value could reach $5,200, while Chandler expects DOGE’s price to hit $2.50.

In the world of DeFi, DTX Exchange (DTX) is quickly grabbing investors’ attention with its remarkable performance and growth potential. Market analysts are highlighting its strong momentum, making it a key player to watch this quarter.

Trump’s Inauguration Could Boost ETH, DOGE Prices

After analyzing several technical indicators, Michael Van de Poppe predicts a rotation coming in the crypto market. According to him, such a move could push the altcoin prices higher, especially Ethereum (ETH). Merlijn The Trader expects the ETH price to surge to $10,000 if it breaks above a crucial resistance level. According to the analyst, such a move would rewrite history.

Another analyst, CaptToblerone, believes 2025 is a good year for the Ethereum token, and he predicts the altcoin price could surge to $5,200 before the end of this year. However, CaptToblerone also predicts the ETH coin price could crash to $1,200 later on.

Presently, ETH's value has risen by 0.3% in the weekly timeframe. However, it is bearish on the monthly level with a loss of 17.3%. Nevertheless, technical indicators like the Average Directional Index (14) and Hull Moving Average (9) show that bulls are gaining momentum.

Chandler, a pseudonymous crypto analyst, recently forecasted that Dogecoin (DOGE) could skyrocket in the coming days. According to him, the meme coin soared to a new all-time high eight days after the presidential election last year. The analyst believes the same scenario could play out this year after Donald Trump’s inauguration on January 20.

Chandler predicts the Dogecoin price might rally to $2.5 and then $6 in the next few months. At the moment, the DOGE token is trading at around $0.4. Data from CoinMarketCap shows its value has increased by 11.1% on the weekly timeframe and 10.2% on the biweekly chart.

Meanwhile, technical analysis shows the sentiment surrounding the Dogecoin crypto is bullish. The Fear and Greed Index shows Greed, which means investors are still interested in the meme coin. Also, the VWMA (10) and Hull Moving Average (9) indicators are in the buying territory, signaling a potential surge in the coming weeks.

DTX Exchange: A Hybrid Platform For All Trader Types

DTX Exchange (DTX) is a hybrid platform that combines the best features of CEX and DEX. It’s a unique model that blends traditional and modern trading environments, and the project aims to offer a one-stop shop for trading for all categories of traders. As a result, DTX Exchange offers traders an easy-to-use and efficient platform.

In addition to its hybrid model, DTX Exchange allows users to invest in cryptocurrencies, stocks, ETFs, commodities, and bonds. It also focuses on security by using non-custodial storage solutions to decrease control of users’ private keys and their property. During its presale stage, DTX Exchange has garnered a lot of attention and has attracted more than $11.9 million with a price of only $0.14.

The cryptocurrency ICO has attracted investors with more than 300k wallets created so far. As the platform is preparing for its launch, it has the potential to revolutionize the trading sector on a global level and could become a benchmark for other trading platforms in the market to follow.

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!

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Other articles published on Jan 18, 2025