DeFi
Russian investors re-enter the crypto market, over $1.8 million invested in Dogecoin (DOGE), Cardano (ADA) and DeFi token
June 11, 2024 by Editor’s Office
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Dogecoin recently failed to handle the $0.15 level and broke above the key support level. While the entire crypto market is bullish and trading near an all-time high, DOGE is showing slow momentum. Along with Dogecoin, Cardano is also among the coins showing continued bearish momentum. For over two months, ADA has been trading at $0.428.
Dogecoin recently failed to handle the $0.15 level and broke above the key support level. While the entire crypto market is bullish and trading near an all-time high, DOGE is showing slow momentum. Along with Dogecoin, Cardano is also among the coins showing continued bearish momentum. For over two months, ADA has been trading between $0.428 and $0.510; a breakout on either side can give new momentum to the coin.
Amid the bearish momentum of Dogecoin and Cardano, the $1.8 million investment of most Russian investors was allocated to the emerging leader. DTX Exchange. DTX Exchange aims to become the leading exchange platform and revolutionize retail trading and investing.
GME Rally Takes Over Dogecoin – What Next?
GameStop’s meme coin (GME) has become the center of attention, outperforming Dogecoin and other meme coins. GME, which operates on the Solana blockchain, has seen its price rise more than 400% since June 3, reaching $0.20 with a market cap of $1,140 million. This impressive rise has overshadowed the struggles of Dogecoin and others.
While GME rides the wave of hype around the roaring kitten, Dogecoin (DOGE) is facing a slowdown. Last week, its price fell by more than 6%, from $0.165 to $0.146. The next major support level for DOGE is $0.12, and $0.175 is strong resistance.
The pump seen in GME coin is due to the recent activities of popular influencer Roaring Kitty; while it is rising, any negative news can cause its price to fall. A push above the $0.175 level in DOGE is crucial to start the new leg.
Update on Cardano’s Chang Hard Fork
Cardano founder Charles Hoskinson has excited the crypto community with a major announcement. In a recent social media post, he said that Cardano’s highly anticipated Chang Hard Fork upgrade is expected to be completed in June.
Cardano price increased by 1.09%, reaching $0.448. This ADA upgrade aims to introduce the most advanced blockchain governance system to date. It will include annual budgets, treasury and community-driven decision-making processes.
DTX Exchange has attracted huge interest from Russian investors
Amid market volatility, DTX Exchange is the preferred choice of Russian investors who have recently re-entered the crypto market. DTX Exchange aims to revolutionize trading with its hybrid platform, offering 1,000x leverage. This unique feature sets DTX apart, positioning it as a leader among centralized (CEX) and decentralized (DEX) exchanges.
The project is steadily gaining traction in the decentralized finance (DeFi) sector, highlighted by the impressive amount of over $600,000 raised during its phase 2 public funding. presale. With strict security measures and cutting-edge blockchain technology, DTX Exchange is poised to become a major player in the DeFi world.
Currently, the coin is in the second presale stage and the tokens are priced at $0.04; according to crypto experts, in 2025 the price of the token is expected to reach $0.1.
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