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The Dogecoin price has seen a big rise in price lately, driven by renewed interest and support from Elon Musk, who has been linked to the coin for a long time. This recent spike in the Dogecoin price has caused a stir in the market as it briefly surpassed Ripple’s (XRP) position. Despite the market volatility, DTX Exchange (DTX) has proven to be a reliable option for traders, with an impressive 250% increase this week.
Could Dogecoin (DOGE) Become the 7th Highest Crypto?
After breaking into the top 10 cryptos in September 2024, DOGE built its way up to the 8th largest cap and is now on the verge of overtaking XRP. On X, Elon Musk made a post saying DOGE and now President-Elect Donald Trump would fix the upside down system that makes it hard for highly talented people to come to America legally.
The possibility of a new utility drove the Dogecoin price up by nearly 20.53% in the past week, adding to the 82% climb in the past month. With 17 green days in the last 30 days, the Dogecoin price has outperformed 73% of the top 100 crypto assets.
Ripple (XRP) Barely Stays Afloat As General Market Surges
Unlike most top cryptocurrencies in the post-election rally, Ripple (XRP) continued its snail-like movement with only a slight increase. Ripple (XRP) has increased just 0.82% over the past month and 5.5% over the past 6 months. Since the price of Ripple (XRP) dropped 22% over the past year, sentiments are tilting from neutral to bearish.
Per technical indicators, Ripple (XRP) is currently trading 3.58% below its 200-day SMA. XRP is predicted to finish the year by consolidating between $0.331 and $0.568. This would entail that the price of Ripple (XRP) decreased by 26.37% compared to November 6 prices, assuming December’s average price of $0.393.
DTX Exchange Makes Headlines As The First Global DEX
Amid the market bounce, DTX Exchange (DTX) continues to gain traction by offering a trading platform that empowers users with unmatched flexibility. Catering to crypto, forex, equity, and CFD traders, DTX Exchange provides up to 1,000x leverage, allowing users to amplify their positions significantly. This leverage, combined with a hybrid exchange model, ensures decentralized control and institutional-grade efficiency.
Additionally, the platform’s non-custodial wallets offer users complete control over their assets. The absence of KYC requirements aligns with the decentralized ethos, enabling users to trade with privacy and ease. As a result, DTX Exchange is rapidly becoming a powerful, user-centric platform that embodies market depth and ensures smoother trading experiences.
DTX Exchange incorporates a decentralized order book, maintained by smart contracts deployed on the Ethereum blockchain. It stores the respective buying and selling orders of the traders and then consequently matches them against one another. The decentralized order book enhances liquidity and facilitates low-latency trading.
The DTX Exchange presale has generated significant interest, drawing in investors eager to be part of the platform’s vision. Currently in its fourth stage, the DTX presale offers tokens at $0.08 each, presenting a valuable entry point for early supporters. Since launching, the presale has raised $6.7 million, underscoring the robust demand from investors.
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