Major cryptocurrencies including ETH and DOGE prices are seeing a major downfall in the last few weeks. Despite Grayscale getting approval from the SEC for Ethereum ETFs, ETH is still consolidating below key levels. However, another altcoin is quietly stealing the spotlight, while fear prevails in the market.
Analysts believe this new ERC-20 coin, DTX Exchange, has the potential to give 1,500% returns once it is listed on major crypto exchanges. Currently, in its presale phase, it has raised over $15 million. Can DTX Exchange give such huge predicted returns? Let’s find out.
Can DTX Exchange Potentially Give 1500% Returns?
DTX Exchange has features of both centralized (CEX) and decentralized (DEX) platforms to create a strong hybrid experience. It also offers an innovative tokenized ETF trading platform with 1,000+ global ETFs. It’s built on the L1 VulcanX blockchain, which works innovatively to connect the TradFi and DeFi worlds.
It lets you trade stocks, bonds, ETFs, foreign exchange markets, and crypto all on the same platform. VulcanX adds a level of protection and efficiency that is rarely seen in the market. As with any product, the non-custodial Phoenix wallet was used to create its architecture to make it safer and more secure. It is thoroughly audited by SolidProof to ensure a safe trading experience.
To date, the platform has raised over $15 million in its presale. Currently, it’s in the presale phase at just $0.18 per token. Investors can use the code “LIST2X,” to get 100% bonus tokens on their deposits. Crypto analysts believe 1,500% returns are possible for DTX holders because of its real-world use cases and interest from both whales and retail traders.
ETH Struggles Despite SEC Accepting GrayScale’s Ethereum ETF Proposal
On Feb 25th, WatcherGuru reported that Grayscale’s application for Ethereum ETF staking has been accepted by the Securities and Exchange Commission (SEC). Grayscale and the New York Stock Exchange had already requested authorization for Ethereum ETF staking on February 14th.
ETH is currently sitting at a trading price of $2,170. At press time, the RSI was down to 22, which indicates overselling. But after the Ethereum ETF proposal acceptance news came in, the RSI bounced back to 38. ETH price has surged 4.64% in the last 24 hours and is currently consolidating in the $2,100 and $2,500 region. As Ethereum gains attention, analysts expect ETH Price to hit new all-time highs in the upcoming weeks as demand for decentralized applications (dApps) increases.
DOGE Price Plummets: 33% Down In One Month
While meme coins had a lot of success in the last few years, now they are becoming a pure gamble. With celebrity rug pulls like $LIBRA and $MELANIA happening, investors no longer are interested in meme coins. We can see the same effect in DOGE price, as it’s down 33% in the last 30 days.
At the time of writing, DOGE price is $0.20, which represents a 16.34% decrease in the last 7 days. The coin has shown a consistent downfall because of the bearish sentiment in the broader cryptocurrency market. The future DOGE price doesn’t seem to be positive as well unless Elon Musk again starts talking more about it on X. Currently, Dogecoin’s circulating supply is 148.2 billion DOGE, with a market cap of $31.6 billion.
Source: DOGE Price, CoinMarketCap
Conclusion
Despite DOGE price continuing to struggle, and ETH not showing bullish signs despite Grayscale getting Ethereum ETF acceptance, the rise of DTX Exchange represents a turning point for the whales and retail traders. DTX offers unparalleled growth potential and a revolutionary hybrid platform that will dominate the market with an estimated 1,500% upside.
DTX is likely to get a lot of investment in the next few months since it has a low presale price of $0.18 and a huge upside potential. It is becoming an obvious choice for those investors searching for the next big opportunity.
If you want to read more about it and get your hands on this presale, visit the DTX website:
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