As Dogecoin (DOGE) struggles with its price movement, Near Protocol (NEAR) and DTX Exchange (DTX) emerge as the best bets for the top ten altcoins of this bull run. Investors, including DOGE whales, show a massive tilt towards these altcoins, extending their support.
Near Protocol (NEAR) has been showing growth and stability amid market turbulence, while DTX Exchange has become a star of the DeFi space due to its testnet launch. Let’s explore the features that make these altcoins the best picks for this bull run!
Dogecoin (DOGE) Investors Wait For A Reversal
The past few years have seen a lot of hype for Dogecoin (DOGE), whose price has also appreciated greatly, but alas, for some investors, a very different story is expressed by the numbers. Although Dogecoin (DOGE) is now in 8th place in terms of market capitalization, it is down 2.76%.
The price of Dogecoin has been in the decline since last year in April and most of the time is still in the red. Presently, the price of Dogecoin (DOGE) has declined by 20.38% in the last month.
From the technical point of view, the falling wedge pattern that is being reported by Dogecoin (DOGE) is a usual case of a reversal signal, hence, it stands to reason a possible turnaround in the future can be expected.
Thus, Dogecoin (DOGE) whales shift to Near Protocol (NEAR) and DTX Exchange (DTX) while deciding the top ten altcoins for this bull run.
NEAR Protocol (NEAR) – Stability Amid Growing Activity
Near Protocol (NEAR) has increased its Daily Active User (DAU) despite hosting a few dApps with over a $4 billion market capitalization and a scalability-focused protocol. The price movement from $4.02 to $4.481 proves that Near Protocol (NEAR) is highly stable in the market.
If DAUs and network activity continue to rise, it will lead to a price surge for Near Protocol (NEAR) because the relationship between DAU and market cap is rather complex. However, there is room for cautious optimism.
The current session shows strength in the price movement of Near Protocol (NEAR), as the NEAR token shows an impressive incline of 41% in the 24-hour trading volume. The increased activity around the Near Protocol (NEAR) makes it a top choice for the top ten altcoins in this bull run.
DTX Exchange Becomes The Best Altcoin As Presale Stage 2 Ends With Massive Success
Maintaining its stability, DTX Exchange (DTX) attracts substantial inflows from Dogecoin (DOGE) investors. This hybrid platform acquires a special spot because it uses cutting-edge risk management techniques to safeguard user capital and premium features to secure it.
The DEX trading volume surged to $835 billion in 2023, while the Centralized Exchange Token (CEX) market was estimated to be worth $12.5 billion in 2021. This demonstrates the enormous growth in these sectors, of which DTX is eager to take advantage.
DTX Exchange is a perfect solution for traders who want to trade on a single platform that offers both controlled (CEX) and decentralized (DEX) exchanges. More than 120,000 asset classes, including stocks, currency, and cryptocurrencies, are available for users to trade on the site.
Furthermore, the absence of a KYC check turns out to be a critical component, thus traders who value their privacy utilize the DTX platform to transact more safely. The $DTX token, which is the primary platform, is used as a utility, transactional, and governance token.
Currently, the third round of presales has started with a buzz, with a market cost of $0.06 per token. The launch price is expected to be set at $0.12, which will mean a 300% price increase from the current one. The launch is slated to take place in October this year.
The platform is home to a rather strong security platform that uses blockchain layer one technology to guarantee safe trading, trustworthy transactions, as well as fast processing times. The platform also offers non-custodial wallets, thus granting the users the right to fully control their private keys and digital assets, hence the reduction of security risks.
Key Takeaways
- Dogecoin (DOGE) struggles with its momentum, as the session registers a 4% intra-day decline.
- Near Protocol (NEAR) shows a massive surge of 41% in the 24-hour trading volume.
- DTX Exchange enters presale stage 3, creating a buying frenzy with testnet launch.
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The post DOGE Whales Favour Near Protocol and DeFi Powerhouse DTX Exchange (DTX) as Top 10x Altcoin Picks appeared first on Blockonomi.
