Despite bearish sentiment and declining interest, whales have been betting on promising altcoins, positioning themselves ahead of the anticipated market bounce. Chainlink (LINK) and Dogecoin (DOGE) whales have shifted focus to DTX Exchange (DTX), an emerging altcoin.
This new player is poised to shake up the crypto scene and the financial landscape with its first Layer-1 hybrid blockchain. Its unique approach to trading will birth a hybrid protocol that blends traditional financial instruments with Web3 products.
DTX Exchange (DTX): A New DeFi Project Capturing Whale Attention
DTX Exchange (DTX) recorded a huge milestone after hitting $1.6 million in early funding. The soaring interest in this new ICO is based on its unique narrative as a blend of TradFi and DeFi, not forgetting its significant upside potential.
It will launch the first hybrid blockchain, designed to integrate conventional financial instruments with Web3 products. This will allow users to trade stocks, ETFs, bonds, commodities and cryptocurrencies, spanning the larger financial scene and DeFi. As a result, it is a strong contender in the $10 billion global trading market, capturing the attention of Chainlink and Dogecoin whales.
The presale is in the second round and costs just $0.04, which whales have been gobbling up. At its current low price, its upside potential is staggering, tipped for a 50x jump after its debut. If nothing else, it is rightfully a new DeFi project to watch out for.
Chainlink (LINK): Potential Decline Below $10
Chainlink (LINK) is an Oracle network that allows blockchains to interact with external data feeds. By providing critical off-chain information needed by smart contracts, it has become one of the top projects in the crypto scene.
The past few days have been bullish for the altcoin, experiencing a 10% jump on its weekly chart. However, on a longer time frame—the past month—it is in the red. The Chainlink price has declined by over 15% in the past 30 days, which is part of a broader market decline.
While its next price action is unclear, many believe a downswing isn’t out of the question. A Chainlink price prediction stirring a buzz suggests a fall below $10 before another upswing.
Dogecoin (DOGE): Analyst Predicts a New Peak
Dogecoin (DOGE) isn’t only a top meme but the first fun-inspired token. It made its debut in 2013 and, even though experimental, was met with huge acceptance. Its blend of memes and cryptocurrency birthed the memecoin narrative, currently one of the hottest.
However, the emergence of new memes and other narratives like president and celebrity memecoins has shifted attention and sentiment away from Dogecoin. Since registering an all-time high of $0.7 during the 2021 bull run, the Dogecoin price has plummeted by over 80%. But is there hope of a comeback?
Opinions are divided. Nevertheless, a promising Dogecoin price prediction hints at another all-time high at the peak of this bull run. While this is at best speculation, it nonetheless paints a bullish picture for the leading meme.
Conclusion
While Chainlink is tipped to see a downswing, recovery is in place for Dogecoin. Meanwhile, DTX Exchange is on whales’ radar, standing out thanks to its unique blend of TradFi and DeFi via a hybrid protocol. On the cusp of adoption, it is one of the best coins to invest in.
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