The memecoin mania is back on the rise again, and Dogecoin (DOGE) is set to take the market by storm and go for the $3 target. At the same time, the focus is also on Solana (SOL) and an upcoming DeFi coin called DTX Exchange (DTX).
Analysts forecast the value of Solana could surge to $300. One of the biggest gainers of this bull run, DTX, has increased by 500% but is poised to crack the $1 mark before the end of this cycle.
Dogecoin (DOGE) Still Early in Bull Cycle, Might Rally To $3
In a recent tweet, top analyst Ali Martinez reiterated his bullish forecast for the Dogecoin crypto. According to Martinez, he would keep buying the dip as DOGE is still early in its bull cycle. Also, he predicts the price of Dogecoin (DOGE) could pump to $3 in the coming weeks. The chart Martinez posted alongside his tweet showed the meme coin was trading in an ascending channel.
If the Dogecoin token reaches the upper part of the channel, its value could rise to $18. In the meantime, the Dogecoin price has been trading between $0.3987 and $0.4758 in the past seven days. CoinMarketCap data shows its price has dropped by 1.7% in the past week. However, it has risen by 82.4% in the past month. Besides, the sentiment surrounding the cryptocurrency is bullish. The 14-day RSI is above the midline, which is a bullish signal.
Solana (SOL) Could Pump To $300, Says Analysts
Solana (SOL) is one of the top altcoins whose price has dropped alongside the latest correction in the crypto market. The altcoin has been on a downtrend since it climbed to a breakout all-time high of $263.83 last month. Presently, the value of the Solana coin has dropped by 7.4% in the last week. Also, it has plunged by 11.7% in the last two weeks, signaling high bearish pressure.
Nevertheless, analysts are optimistic the Solana token could recover in the coming weeks. One of such analysts is The Cryptomist. She told her followers not to miss out on the Solana crypto as a breakout could occur soon. According to The Cryptomist, Solana (SOL) is trading within an ascending triangle and could rise to $300 in the case of a breakout.
DTX Exchange (DTX): A Revolutionary Trading Platform
DTX Exchange (DTX) is a unique trading platform that offers users a pool of over 120,000 assets, including cryptocurrencies, stocks, indices, bonds, and commodities to trade. This puts DTX in the $714.7 trillion OTC derivatives market for higher liquidity and will allow traders to monitor their investments without having to open other accounts or use other platforms.
Privacy is another key feature of DTX because it does not require users to go through the KYC procedure. Customers can transact without revealing their identity. Also, registration is simple and fast. The native DTX token is a valuable addition. Holders get to pay less for trading fees, have the right to vote, and have access to advanced trading tools.
Based on its features, a large number of tradable assets, and the focus on privacy, DTX Exchange has all the potential to transform the trading market. The current presale has attracted a lot of attention from investors. The DTX coin is currently selling at $0.12. The project has already raised more than $10 million and analysts predict that the token’s price may rise by 10x to cross $1 in this bull market.
Final Thoughts
While Dogecoin (DOGE) is gearing up to head the memecoin market charge, Solana (SOL) is preparing to rally to $300. DTX Exchange is also preparing for a massive surge in the coming weeks, positioning it among the best altcoins to watch.
Learn more:
Buy Presale
Visit DTX Website
Join The DTX Community
The post Dogecoin Bull Cycle Still Early With Potential Peak At $3; Solana and This DeFi Coin Set for Massive Increases appeared first on TheCoinrise.com.
