Memecoins are again seeing traction, with Dogecoin (DOGE) and SUI standing on the verge of a breakout; however, due to previous breakout failures, investors are anxious about the breakout. The major shift of funds is happening in the utility coins from the memecoins. One example is DTX Exchange (DTX), which has raised $2.6 million in just two weeks.
DTX Exchange brings the features of centralized and decentralized systems together in one place, which is the main attraction for traders and investors.
This article will discuss the recent developments around Dogecoin (DOGE), SUI, and DTX Exchange.
Dogecoin (DOGE) Failed To Impress Investors In Last Six Months
Dogecoin (DOGE) brought massive gains for early investors during the 2021 bull run when it hit record highs. However, Dogecoin has sharply declined since March of this year. While 2023 brought some stability and a slight rise in value, it will be interesting to see if a thing goes better for Dogecoin (DOGE) by the end of 2024.
Dogecoin is breaking out of the long-term descending trendline while facing resistance from the 50-day moving average. $0.115 is the major resistance for Dogecoin, and $0.09 is the major support in case of downside.
Sui Blockchain Hosts 3DOS Launch of ‘Uber for 3D Printing
Sui has partnered with 3DOS, a leader in decentralized manufacturing, to combine 3DOS’s network of 3D printers, manufacturers, and customers with Sui’s advanced blockchain technology. With Sui’s zkLogin feature, 3DOS can easily onboard new users by allowing them to sign in through familiar platforms like Google or Twitch.
Before this partnership with SUI, the 3DOS founders developed one of the first 3D printing operating systems, achieving impressive results. Now, 3DOS uses Sui’s smart contracts to streamline the supply and demand process, eliminating the need for the large teams typically required by Web2 companies and banks.
Traders Rush To DTX Exchange After Gas Fees Reduction Announcement
DTX has become a star among investors as it turns its attention to solving the major challenges of the trading exchange industry. It is a platform with low fees and quick, smooth transactions, so trading is done economically, and traders act rapidly.
DTX Exchange makes use of its own Layer-1 blockchain, thus enjoying a good governance procedure. The exchange has also brought in the VulcanX protocol to slash trading fees and provide many channels for global traders.
What sets DTX apart from other exchanges is its hybrid trading model. This model allows users to trade 120K asset classes, such as bonds, CFDs, and cryptocurrencies while staying anonymous since no KYC checks are required.
DTX is currently priced at $0.06 in Stage 3 of its presale; according to the projection, by mid-2025, it will be worth $3.5 after listing in centralized and decentralized exchanges. This allows for a 5,733% upward potential and can turn your $500 into ~$30K.
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