The US elections and the victory of Donald Trump are seen as a cause of major shifts in the history of cryptocurrencies. Industry experts and crypto specialists foresee more favorable and crypto-friendly policies, leading to a massive spike in institutional adoption. The appointment of figures like Elon Musk to run governmental departments highlights Trump’s commitment to facilitate Bitcoin adoption.
This trend has pushed Dogecoin (DOGE) and DTX Exchange (DTX) under the spotlight as two major cryptos poised to grow bigger and bigger. Dogecoin price is continuously surging toward $1 under Elon Musk’s influence. DTX Exchange faces head-to-head competition with meme tokenomics through its real-world utility and cutting-edge trading platform.
Musk’s Viral ‘Dogefather’ Meme Tweet Ignites DOGE Hype
Elon Musk has always been a powerful driver of the Dogecoin price due to its significant support for the memecoin. After its appointment to lead the Department of Government Efficiency (D.O.G.E), Dogecoin price has displayed a solid breakout. Experts believe that this price trend will continue until Donald Trump takes oath in January.
Moreover, Elon Musk has recently tweeted a meme of himself with the tagline “Dogefather” that has been seen by more than 14 million viewers. This renewed hype among the DOGE community drives whale activity as its trading volume surged by 50% within a few hours of this meme tweet with the Dogecoin price touching the $0.4 level.
— Elon Musk (@elonmusk) November 19, 2024
Dogecoin Price Touches $0.4 Amid Surging Whale Activity
Dogecoin price sets the stage for a bullish leg-up, leading the pack of memecoins with 7.8% gains in the last 24 hours. DOGE market cap has almost doubled from $30 billion to $56 billion amid US election hype, and experts forecast an extended rally for the DOGE token as December is predicted to be the month when BTC will hit the $100K milestone.
Furthermore, large stakeholders know the potential growth levels of the DOGE memecoin due to its affiliation with Elon Musk, especially under Trump’s administration. As the Dogecoin price continues to trend higher toward the $0.4 level, a $1 price is highly anticipated by DOGE investors by the next year.
Source: TradingView
Whale Investments Push DTX Exchange Presale Past $8.1M
DTX Exchange (DTX) has emerged as a leader in the trading industry with its sophisticated trading schemas, poised to outpace existing marketplaces with security and liquidity issues. DTX Exchange takes a more problem-solving approach alongside innovation so traders can access an end-to-end trading solution in the form of DTX Exchange’s hybrid trading platform.
The platform features over 120,000+ trading assets and merges stocks and crypto pairs so traders can make profits in their preferred markets with no gas fees and lightning-fast execution speeds. Features like 1000x leverage, passive income strategies, and the VulcanX chain are a major plus for traders seeking higher market positions and maximum profitability.
DTX Exchange stands out as a game-changer in the trading sector, empowering users with governance and top-notch decentralized security protocols. Available at $0.1, DTX tokens are ready to break past $2 after the most-awaited Q4 exchange listing, predicted to yield bullish 1000% returns for early buyers.
Key Takeaways
The Dogecoin price surges under Elon Musk’s influence, and the DTX Exchange revolutionizes trading through cutting-edge technology. Both assets are positioned for ground-breaking growth this year as whales accumulate large token amounts for long-term bullish gains. DTX Exchange holds higher potential due to its upcoming marketplace listing, potentially surpassing DOGE in the race for a $1 rally.
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