There is renewed vigor in the crypto market as a surge in market activity has led to an altcoin price rally. For instance, PEPE has risen by 30% in the past week. Also Dogecoin (DOGE) has soared to a new monthly price high of $0.130.
That is not all. The ongoing presale project, DTX Exchange, has raised over $3.3 million in funding. Its next target is $5 million. Also, analysts forecast the price of its native token, DTX, will rise by 200% in the next few weeks.
Pepe (PEPE) Price Rallies 30%, See Next Targets
Pepe (PEPE), the frog-themed memecoin joined the rest of the cryptocurrency market in an uptrend recently. Data from CoinMarketCap shows the value of PEPE rose by over 30% on the weekly chart and 42.6% on the monthly time frame. Going forward, analysts are very optimistic about the Pepe price movement.
They believe the value of the memecoin might skyrocket to new levels in the next few weeks. ZackGold told his followers the next target for the Pepe coin is the resistance at $0.0000125. According to the analyst, surpassing this mark will determine the coin’s price movement in the month of October.
Meanwhile, the sentiment surrounding Pepe crypto is currently bullish. It is trading above the 50-SMA ($0.000008105) and 200-SMA ($0.000008628), signaling more push from bulls. Also, the VWMA (10) and Hull Moving Average (9) are showing buy signals.
Dogecoin (DOGE) Soars To New Monthly Highs
Dogecoin (DOGE) is also among the memecoins that rallied recently. The value of the cryptocurrency soared to a monthly peak of $0.1308. The last time the Dogecoin price reached this mark was in July. Presently, the Dogecoin crypto price is consolidating between $0.09 and $0.13 on the monthly timeframe. Its market cap has also been around the $13-$19 billion range.
This rally comes after a whale allegedly bought over $1.4 billion DOGE, catching the attention of Dogecoin (DOGE) creator Shibetoshi Nakamoto. Going forward, market analysts have high hopes for the Dogecoin token. The coin is trading between the 50-SMA ($?0.104753) and 200-SMA ($?0.124232) as bears and bulls battle for dominance. With Dogecoin’s (DOGE) 14-day RSI in the overbought region, we might see a little price retracement before the cryptocurrency continues its upward surge.
DTX Exchange (DTX) Raises $3.3 Million, Aims For $5M
DTX Exchange is making waves in the market right now, raising more than $3.3 million. Analysts are very optimistic about the DeFi project and believe its unique approach will attract users to its platform. DTX combines the advantages of decentralized (DEX) and centralized exchanges (CEX), and therefore, it wants to provide users with a safe and rich feature trading platform.
This is not just another crypto exchange platform; it is the next generation of trading technology embodied in the DTX Exchange. Leveraging on the idea of diversification, the exchange offers trading of cryptocurrencies, forex, indices, equities, and CFDs. This means DTX will be bringing the $714.7 trillion OTC derivatives market to the crypto space. The aim is to give users the best trading experience.
DTX is a good platform for anyone interested in enjoying low trading fees, access to advanced trading tools, fast trades, and other benefits. At the moment, the DTX token is priced at $0.06, and it is projected to rise by 10x in the next few months. Such potential gain makes DTX a good crypto to buy.
The Future of Pepe (PEPE), Dogecoin (DOGE), and DTX Exchange
Pepe (PEPE), Dogecoin (DOGE), and DTX Exchange are the top crypto coins that have benefited from the recent rise in market activity. Analysts forecast their value could increase in the coming weeks if the uptrend remains. They are also looking forward to the launch of DTX Exchange’s hybrid trading platform.
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