The crypto market has been challenging lately, especially for Optimism (OP), which isn’t showing any signs of bouncing back. But don’t worry, there are still opportunities out there. DTX Exchange and Dogecoin (DOGE) are two names that could change your fortunes.
They have the potential to deliver 10x gains, and it’s worth paying attention to how they might help your portfolio. In this article, we’ll dive into how these two could be the game-changers you’ve been looking for.
Understanding Optimism (OP): A layer-two scaling solution for Ethereum
Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are recorded on Optimism but ultimately secured on Ethereum.
Optimism (OP) is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token.
It aims for the minimum number of moving parts while building a layer-two solution for Ethereum. In practice, this means using proven Ethereum code and infrastructure when possible. Optimism (OP) thus aims to keep its code as simple as possible and work directly with existing codebases.
The ecosystem further emphasizes pragmatism and is driven by the real-world needs and constraints of its team and the users engaging with the ecosystem. Hence, Optimism aims to build iteratively and implement features like EVM equivalence gradually.
Dogecoin: The leading memecoin with big potential
Dogecoin (DOGE) is still the market’s most dominant meme coin with the highest market cap, despite intense competition from many newer cryptos. However, that is not the only way that it is winning.
A recent IntoTheBlock report found that Dogecoin might be the most profitable meme-coin for the average investor. According to the same, Dogecoin (DOGE) had the highest number of holders in profit with figures of 72.75%. What this means is that it outperformed other popular meme coins such as FLOKI, PEPE, and SHIB.
Such has been the meme coin’s performance, even though Dogecoin (DOGE) is still trading at a substantial discount from its historic all-time high – An approximately 85% discount at its $0.107 press time price.
This is a sign that the cryptocurrency has many holders who bought below its press time level.
Additionally, the findings suggested that many memecoin traders still believe that Dogecoin still has a lot of upside potential.
In a way, this interest in Dogecoin (DOGE) is a lot like how Bitcoin still receives most of the attention in the crypto market. The common denominator is that Bitcoin and Dogecoin (DOGE) are the pioneers in their respective fields.
DTX exchange outshines Optimisim
DTX Exchange is quickly becoming a big name in the world of cryptocurrency along with Dogecoin (DOGE), outshining well-known projects like Optimism (OP).
DTX Exchange is quickly becoming a massive player in the crypto space. This project has raised over $1.3m and is on track to hit $2m before the end of August 2024. The hype for it is so strong that many YouTubers, like CryptoDexWorld, have mentioned it. In his YouTube video, he says that DTX has the potential to soar by 700x.
DTX Exchange stands out in the online trading space because of its hybrid trading model. With this model, traders can buy or sell CFDs, commodities, cryptos, and over 120K asset classes at leverage rates of 1000x. This will be done in complete privacy as DTX Exchange needs no sign-up KYC checks.
Holding its native utility token, DTX aims to bring users lower trading fees and better analytics tools. It now costs $0.04 in Stage 2 of its presale. But this price is expected to reach $0.06 once Stage 3 goes live. Some market analysts even predict DTX will soar by 90x after a Tier-1 CEX lists it in Q3 of 2024.
Learn more:Buy PresaleRead WhitepaperJoin the DTX Community
The post No Signs For Optimism (OP) Reversal; How DTX Exchange and Dogecoin Can Deliver 10x Gains For Holders appeared first on CoinChapter.
