As the crypto market sentiment shifts towards utility coins, Dogecoin (DOGE) has failed to spark a meme rally despite its remarkable performance last month. With the sentiment shift, the market capital is also rotating to Stacks (STX) and the viral utility coin DTX Exchange (DTX).
Many investors are adding the innovative hybrid exchange DTX Exchange because of its future potential and the price trajectory that could follow Dogecoin’s gains. The inflow in Stacks (STX) has reduced a bit because of the temporary reversal, but it could pick up as the influx in utility coins increases.
Dogecoin (DOGE) Fails To Hold The $0.40 Support Level
Dogecoin (DOGE) is the largest memecoin, boasting a market cap of $56.52 billion; it has also been the no.1 meme coin since its inception. DOGE performed remarkably in the previous bull leg; however, it is going through a correction in the current market reversal. The Dogecoin touched a high of $0.48 on 8th December and since has decreased 21%, breaking below the $0.40 crucial support.
Dogecoin is still trading above the mid-term moving average, and analysts believe this average could cause a bottom reversal soon. Whale Alert reported that a massive withdrawal of 4.99 billion DOGE was recently made to an unknown destination. At the time, this staggering amount of Dogecoin was valued at $2 billion. The sheer size of the transaction surprised many commentators, with some speculating that it could be an internal transfer by Binance.
sBTC Now Live on Stacks (STX) Mainnet
Bitcoin L2 Labs has launched sBTC on the Stacks (STX) mainnet, bringing programmable Bitcoin capabilities to decentralized finance (DeFi) applications. This new resource, backed by Bitcoin at a 1:1 ratio, aims to strengthen the chain’s DeFi ecosystem and create new yield opportunities.
Although the launch was slightly delayed from the original September timeline, it follows the Nakamoto upgrade, which brought faster transaction speeds and 100% Bitcoin finality to the Stacks (STX) network. This upgrade, which was rolled out in October, provided the technical foundation for sBTC’s successful release. In this initial phase, users can mint sBTC by depositing Bitcoin on Stacks (STX), with deposit-only functionality available.
DTX Exchange Attracts Investors With 16,200% Upside Potential
The DTX Exchange (DTX) has gained recognition as the most innovative platform in the trading sector, offering an all-in-one solution for traders with sensational features like 1,000x leverage. It is also the only platform that provides access to over 100,000 digital assets across different markets – stocks, cryptocurrency, forex, and bonds. Access to new-age investing instruments like Real World Assets (RWA) has also gained significant popularity on this platform.
The platform is renowned for its high speed and unmatchable API, supported by advanced trading tools like AI risk management and distributed liquidity pools. The proprietary VulcanX blockchain has broken industry records, achieving a speed of 100,000 Transactions Per Second (TPS), ensuring smooth and ultra-speed transactions for the users.
The platform prioritizes its community and security with decentralized technology, aiming for a user base of close to 400 million in 2025. DTX Exchange’s commitment to disrupting the trading exchange industry and multi-fold growth projection has attracted investments of over $10.3 million in the sixth batch of the presale.
With strong fundamental growth and rapid developments in the ecosystem, the DTX Exchange is preparing for explosive growth in 2025. Experts believe that DTX can surge 16,200% from its current price of $0.12. The presale presents retail investors with an opportunity to capitalize on the bull market and DTX’s long-term profitability.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Buy Presale
Visit DTX Website
Join The DTX Community
The post Whales Are Already Offloading Their DOGE Positions – Switching Aggressively To Stacks (STX) and Viral Altcoin appeared first on TheCoinrise.com.
