According to leading analysts, Dogecoin is set to reach a new peak this year based on technical analysis. Over the past two years, the top meme coin has quadrupled in value, sparking renewed interest among investors in the meme coin sector. The launch of the President’s TRUMP coin last Friday resulted in an astronomical increase, indicating that meme coins are here to stay, even if they lack tangible utility. The inauguration of Trump and the triumph of the TRUMP coin have bolstered investor confidence and market outlook. New tokens like DTX, powered by the hybrid trading platform DTX Exchange , are gaining momentum thanks to a promising crypto future. DTX is making strides during its presale and is set for listing on top-tier exchanges soon. Dogecoin’s Present Status Currently, Dogecoin is valued at $0.35, with resistance at the 0.5 Fibonacci level of $0.39. Analysts describe the current momentum as neutral. Though the major cryptocurrency is trading 33% below its multi-year peak, several factors suggest a more substantial increase for the largest meme coin globally. Whale activities are a key factor, along with the launch of the official US DOGE website. Riding on the wave of the TRUMP coin, the website has brought unprecedented attention to DOGE. Following the announcement of the DOGE ETF filing, there’s growing anticipation that Dogecoin`s price will find support and potentially reach new heights. An ETF approval will enhance DOGE’s visibility and legitimacy, boosting demand not only within the crypto realm but also in the broader financial sector. Experts project Dogecoin’s next target price to be $2. While this may seem ambitious, technical indicators support this forecast, and with whales amassing DOGE in millions, hitting $2 might be achievable this year. Will DTX Exchange Surpass DOGE? DTX Exchange is reshaping the trading landscape by integrating centralized and decentralized exchanges, positioning its token, DTX, to potentially surpass established tokens and hyped meme coins. The DTX platform facilitates trading with over 100,000 currency pairs and allows users to trade fiat and crypto derivatives side by side. DTX Exchange operates on the VulcaanX layer-1 blockchain, achieving 200,000 TPS on its testnet. This offers quicker transactions in real-time and a cost-effective alternative to traditional trading methods. By democratizing the trading model, it aims to bring much-needed transparency to centralized trading, making crypto trading more reliable and secure. With a 1000x leverage on its platform, DTX Exchange also offers profit-sharing for large DTX holders. Its Phoenix Wallet, a noncustodial solution, supports over 10,000 assets and has been downloaded 300,000 times. With a growing community behind it, DTX aims to simplify trade and remove the complexities typically associated with traditional trading methods. Main Insights A major attraction for investors towards DTX Exchange is its commitment to decentralization and ease of use. Regardless of their investment size, every user has governance rights, and security is ensured through audits by SolidProof. In the eighth stage of the presale, the token is affordably priced at $0.16, and early investors are seeing significant returns. Investors, whales, and traders are flocking to this groundbreaking DeFi project for substantial gains and a unique chance to be part of the evolving future of global finance. To learn more about the DTX Exchange ecosystem, visit: Visit Website Buy Presale Join Community Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Europe Needs Digital Euro, Central Bank Says After Trump Order Barring US CBDC
President Trump took a hardline stance against an American CBDC—but now the European Central Bank is even more eager about a digital euro. Bitzo
Trump Signs Executive Order Aiming to Support ‘Responsible Growth’ of the Crypto Industry
President Donald Trump has signed an executive order to support the “responsible growth” of the digital assets industry. According to a new memo released by the White House, Trump signed an executive order yesterday promoting the use of blockchains for individuals and entities. Other aspects of the order include protecting US citizens from the risks of Central Bank Digital Currencies (CBDCs) by barring them, promoting fair and open access to banking services for all, and defending the rights of those who choose to self-custody their assets. “The digital asset industry plays a crucial role in innovation and economic development in the United States, as well as our Nation’s international leadership. It is therefore the policy of my Administration to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy.” The order also establishes a Working Group – made up of people in key roles such as the Secretary of the Treasury, the Attorney General, and the Homeland Security Advisor – that would consider creating a crypto stockpile out of the digital assets legally frozen by the Federal Government. “The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.” Trump’s order also establishes protections for miners, saying that they could freely engage in developing, mining, and validating. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Trump Signs Executive Order Aiming to Support ‘Responsible Growth’ of the Crypto Industry appeared first on The Daily Hodl . Bitzo