Dogecoin, Peanut the Squirrel Coin, and DTX Exchange are three of the hottest cryptos gaining momentum. Each has seen significant price jumps due to viral stories and high-profile endorsements, including mentions by Elon Musk.
As excitement builds, investors wonder if these coins could be the next big thing in the crypto world, with the potential to surge 100x. In this article, we’ll discuss each coin’s background and why they might continue to rise.
Dogecoin surges past Bitcoin in recent market rally
Dogecoin (DOGE) recently took off in a big way, even beating out Bitcoin (BTC) in growth during the latest market rally. Following Donald Trump’s election win, Dogecoin’s price shot up to $0.4359 on November 12—its highest since June 2021!
Dogecoin is up 94% over just one week and 245.9% over the past month. For comparison, Bitcoin, usually considered the leading cryptocurrency, has increased by 19% in the last week and 35.5% in the past month. While Dogecoin is nowhere near Bitcoin’s whopping $87,948 value, its recent growth has grabbed much attention.
Why is Dogecoin going up?
Regan thinks one reason Dogecoin is rising so fast could be its use for payments. Dogecoin has lower transaction fees than other cryptocurrencies like Bitcoin, making it a cheaper option for sending money internationally. For example, people outside Venezuela can send money back home with Dogecoin at a lower cost.
Another reason is that some businesses now accept Dogecoin. Regan mentioned Williamsburg Pizza, a place in Brooklyn that takes DOGE as payment.
He also talked about Elon Musk’s influence. Musk is a fan of internet memes, and Dogecoin is known as a “meme coin” because it was created for fun. During Trump’s campaign, Musk mentioned a new government department called D.O.G.E. (Department of Government Efficiency) to save money and cut costs, which has now been confirmed.
Peanut the Squirrel memecoin soars after going viral
One of the strangest and fastest-growing stories this election is about a new memecoin inspired by a squirrel named Peanut. This coin, named after the TikTok star Peanut the Squirrel (PNUT), is now one of the quickest memecoins ever to reach a $1 billion value!
Here’s what happened: Peanut was a squirrel rescued by a man named Mark Longo and his family in New York. PNUT became famous on TikTok, but there was a problem. In New York, keeping a squirrel as a pet is illegal, so officers showed up at Mark’s house to take Peanut and another animal, a raccoon named Fred. Sadly, both animals were put down.
Elon Musk saw this story and shared it online, calling it “government overreach.” Right after Elon tweeted, the Peanut memecoin’s price shot up to $42 million. A few days later, Senator J.D. Vance, the new Vice President, also mentioned Peanut in a speech, saying, “It’s crazy that the government doesn’t care about criminals but won’t let us have pets.”
With all the attention, the PNUT memecoin kept rising in value and got listed on some of the biggest crypto exchanges, like Binance. The coin’s value even jumped 4,000% in just one week!
DTX exchange: The new coin everyone’s talking about
There’s a new altcoin called DTX Exchange, and it’s getting a lot of attention! DTX is a unique trading platform combining two worlds: centralized exchanges (CEX), which are regular, traditional trading sites, and decentralized exchanges (DEX), which are newer, Web3-style trading sites.
This means DTX lets people trade regular assets like stocks, forex (foreign money exchange), and bonds plus all kinds of cryptocurrencies, all in one place.
DTX uses its special VulcanX Layer-1 blockchain to make trading faster and more secure worldwide. Right now, the DTX coin is priced at just $0.10 in its presale, and it’s already raised over $7.6 million! This shows how interested investors are in the project. Once it officially launches, experts think DTX might grow a lot, with some saying its price could even be higher than Dogecoin.
DTX is popular because it combines the best of traditional finance (like banks and stock trading) with new Web3 ideas, which use blockchain. Many investors are excited about the potential returns and benefits they might get from using DTX’s trading platform.
Buy PresaleVisit the DTX WebsiteJoin the DTX Community
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