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Bitcoin’s record-breaking surge above $80k boosts altcoins like Dogecoin and newcomer DTX Exchange, as experts predict BTC’s path to $100k.
BTC’s price is surging toward the experts’ prediction of $100k. Currently trading above $80k, Bitcoin has broken the previous all-time high. This record-breaking performance in BTC price has driven potential coins higher.
Dogecoin is among the top gainers, rising over 85% in the last seven days. This traction in DOGE’s price came after the US elections and the influence of Elon Musk. DTX Exchange is another top gainer with Dogecoin, with a 300% rise quickly. According to experts, the DTX Exchange could catch up with DOGE’s market cap in the next six months of the launch.
BTC at 1.618 Fibonacci extension, will price reverse?
The mid-term correction in crypto leader Bitcoin ended with a furious rally. In the last 30 days, the BTC price has increased by 26%, breaking above the March high. The Fibonacci extension drawn from the September low shows that the BTC price has reached the crucial extension resistance level. This price behavior could lead to a small correction or consolidation in the price.
If the BTC price is correct, the $74,000 previous ATH zone will be the major retest level. If it corrects very little, the next step is the $76,700 local support level. Also, the short-term moving of 10- days could also work as a demand zone.
Dogecoin parabolic move surges above 2022 high
Dogecoin has shaken the crypto community with an exponential move since the rally started in October. Sunday’s big intraday move crossed the 2022 high with a nearly 200% increase in volume. Currently, Dogecoin is trading at $0.289 with a market cap of $41.55 billion. With this move, DOGE has risen to the #6th position, beating stablecoin USDC.
The risk-reward ratio at the current DOGE entry is unfavorable, as the move has already happened. The high-net-worth (HNI) traders who entered DOGE from the lower levels are booking profits as the price is slightly extended now. These traders are now diversifying in the DTX Exchange, which is set to launch in December.
DTX Exchange crosses $7m milestone in the crypto rally
Under two months of launch, the DTX Exchange has achieved another milestone by accumulating $7 million in the fourth stage of the presale. Huge demand for DTX presales picked up with the launch of the Phoenix Wallet, which has ranked among the top secured wallets in the exchange market.
The Phoenix wallet offers multiple features, such as borrowing and staking, in the DTX ecosystem. It also has a simple interface with smooth transactions and instant withdrawal features. This wallet supports the DTX Exchange’s multi-asset trading; traders can trade over 100,000 instruments in both traditional and digital assets.
Another noteworthy feature of DTX Exchange is the 1,000x leverage, which allows a trader to make large positions with small capital. DTX Exchange has greatly emphasized security, as Solidproof, the best auditing company, audits it.
Currently, the DTX token is priced at $0.08, and the listing price is fixed at $0.2, which gives DTX 150% upside potential in less than a month. Also, this is the last opportunity to grab DTX tokens at a discounted presale price.
To learn more about DTX, visit the presale website, the official DTX website and join the DTX community.
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