Well, Bitcoin has just rebounded from its January 2024 low, and once again, potential altcoins are trading cheaply. It’s when the market corrects that you get high quality at cheap prices—the right time to invest in any asset class.
Some analysts are of the opinion that the new hybrid exchange, DTX, popular memecoin Dogecoin (DOGE) and PEPE can turn $100 into $10,000. The crypto market has already sold off, and at this point in time, there seems to be a limited downside; this could be the best opportunity for investors to invest in those high-growth coins that can become multibagger.
DTX Exchange Leader In The Hybrid Exchange Space
Top in the experts list is the DTX Exchange, the first hybrid exchange that is revolutionizing trading and investing and making it more efficient for investors. There are various problems in traditional exchanges that users have to face but can’t do anything. With the decentralized technology where users can suggest upgradation, DTX Exchange is bringing a new revolution in the space.
DTX Exchange is a groundbreaking trading platform that gives you access to over 120,000 assets with leverage up to 1,000 times. It keeps your identity completely anonymous by not requiring KYC checks during registration.
DTX Exchange stands out in terms of security. By using a non-custodial model, it lets you keep control of your private keys and funds in your own wallet. This decentralized approach means you don’t have to trust a central entity, reducing the risk of hacks and mismanagement of your assets.
It is currently in the stage 2 where the tokens are priced at just $0.04 making it the best buy in the correction.
Dogecoin (DOGE) Strong Hammer Candle Showing Signs Of Reversal
Dogecoin (DOGE) is the first memecoin ever created and till now, it rules the memecoins space. There have been various cycles in Dogecoin (DOGE) price, but it has maintained its popularity and position in the cryptocurrency market.
Dogecoin (DOGE) has also been hit by the market correction, decreasing over 40% from late July. Currently, Dogecoin (DOGE) is trading at $0.1025, with a 4.75% positive change in the last 24 hours. On Monday it formed a strong hammer bullish reversal pattern rejecting the downside. And now, the Dogecoin (DOGE) price is consolidating under the hammer candle.
However, Dogecoin (DOGE) is still trading below the short term and long term moving averages, which is a sign of bearish strength in the price. The further momentum in the market will give a direction to the memecoin king.
PEPE Near The 200 Days Moving Average Support
Pepe is a relatively new mamecoin compared to Dogecoin (DOGE), but its potential can be seen from the move it gave in March this year of over 700%. PEPE coin is like other memecoins with no major utility, but hype in the meme coins can move them to the moon.
The ongoing correction has given another good opportunity to grab a hyped memecoin like PEPE. Pepe is trading around its 200-day moving average, which can act as a support level for it. The relative strength index of PEPE stands at 36, which is considered an oversold region and a reversal can be expected from here.
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