If you’re following the crypto market, there’s excitement about Dogwifhat (WIF) possibly jumping 20% this week. However, if you’re seeking even greater opportunities, take a look at DTX Exchange (DTX). Currently in its third presale stage, DTX is priced at $0.08 and has impressively raised over $5 million!
While WIF may be generating some short-term excitement, DTX demonstrates significant long-term promise for investors looking for the next big opportunity.
But why are the factors contributing to this bullish outlook from the prominent solana analyst? Find the details below!
Solana’s Bullish Week: Price Surges Over 10% with Strong Momentum
Solana (SOL) climbed 6.7% last week. The week began with a minor pullback from multi-year highs, with the price dropping from a 24-hour low of $157.625 to a weekly low just above $160. However, Solana rebounded strongly, reaching a new weekly high of $171.663 and closing the trading day slightly above $170.751.
The EMA9 (Exponential Moving Average 9 days) is a price indicator where price data is smoothed over time so that more emphasis is put on the recent prices – making it more sensitive to recent price action. In the context of the graph, Solana’s price is well above the EMA9 and continues to rise, suggesting a bullish outlook and direction.
Why DTX Exchange is Poised for Massive Growth
If a new trading platform is what you need, DTX Exchange is probably the best and fastest-growing available. This marketplace brings together cryptocurrencies, forex, equities, and CFDs, allowing you to access multiple markets in one place without the need to go anywhere else to invest your money.
With its amazing infrastructure and advanced technical tools, you have all the things that a better trader needs to make the market move. Why exactly is DTX Exchange so special? Well, it is the very first huge exchange that has the ability to give 1000x of trading capacity without the need for KYC verification. You can freely trade with no headache of filling out thousands of forms.
And the best part? DTX’s VulcanX feature ensures you never pay any gas for your transactions, meaning not only a lot smoother but also a lot cheaper trade. No hidden nasties eat away into your profits.
With all these features in mind, it is quite undeniable how DTX is positioned for massive growth. If you are ready to invest in the next big crypto sensation, this is simply the right time to explore what is in store with DTX.
Dogwifhat (WIF): Will It Hold Steady or Breakout This Week?
After the recent recovery to $2.55 from the ongoing bearish trend, consumer sentiment around Dogwifhat (WIF) is cautiously bullish. Dogwifhat (WIF) is attempting to maintain this level as a crucial support point. In order to be seen as a possible bottom of the ongoing Downward trend, Dogwifhat (WIF) will need to maintain the $2.55 price at least through the end of October.
While the upside momentum over the past week has been quite decent, there has been a drop in buying interest. What this means is that the upside potential from here, in the short run, is rather limited. Unless new fundamental catalysts come into play to trigger long liquidations, the upside potential above $2.55 may be limited for Dogwifhat (WIF).
DTX vs. SOL vs. WIF: Why DTX Leads the Way
While Solana boasts of high transaction throughput, and Dogwifhat (WIF) is strong with meme culture, DTX Exchange manages to shine with its merits.
Apart from the features mentioned earlier, DTX Exchange provides tokenized real-world assets, loyalty rewards for active users, and governance rights among many other perks. It also provides top-notch trading functionality like copy trading. Combining all of the above, with the growing ecosystem of the DTX Exchange, creates a serious competitive advantage against better-known tokens such as Dogwifhat (WIF) and Solana (SOL).
Learn more:
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The post Solana Analyst: Dogwifhat (WIF) Can Surge 20% This Week But DTX Exchange (DTX) Has Better Upside appeared first on Blockonomi.