Many cryptocurrency watchers are so focused on the $TRUMP frenzy that they fail to notice indications that DOGE may be preparing for its next major rise. The Dogecoin price has risen 8% over the previous month to close to $0.3668 after whales grabbed an incredible 1.83 billion DOGE tokens in the last 48 hours. A cryptocurrency expert suggests that DOGE might be on the verge of a significant upswing in the first quarter (Q1) of 2025 as it navigates the tumultuous market. This analyst believes that Dogecoin could surpass the $1 mark, achieving a new peak for the meme coin. Furthermore, DTX Exchange (DTX) , a newcomer in the crypto scene, is gaining remarkable attention during its presale phase. Compared to Dogecoin, analysts are much more bullish on it, projecting that DTX could soon soar to $5. Dogecoin Experiences Sell-Off Despite Positive News, Investors Cash In After 200% Gains Despite several promising updates, Dogecoin's price took a hit on Thursday as a sell-the-news wave swept through the market. The "Department of Government Efficiency" legislation, which features the Dogecoin logo prominently on its official site, was signed into law by US President Trump on Tuesday. Elon Musk's enduring support for Dogecoin positively influenced the market's reaction. Meanwhile, Bitwise, an asset management firm, filed for a spot DOGE ETF with the US SEC on Wednesday. However, it seems that Dogecoin holders have started taking profits as a result of these optimistic events. Many investors who began purchasing DOGE in September 2024, when Musk publicly aligned himself with Trump's campaigns, are already sitting on unrealized returns of more than 200%. These holders decided to lock in profits when DOGE reached significant milestones. Dogecoin Price Set for New Record in Q1 2025, Experts See Bullish Path Ahead Cryptocurrency analyst TradingShot forecasts that Dogecoin will reach a new all-time high in Q1 2025. The expert highlights the 1-Day 50 Moving Average as a crucial support level for DOGE. A similar pattern was observed in 2024 when Dogecoin broke above the MA50, leading to a notable price surge. It is anticipated that the Dogecoin price will have a similar trajectory, possibly reproducing the bull movement of 2024. A bull flag formation on the DOGE 2-day price chart indicates a substantial gain, according to another expert, Trader Tardigrade, who predicts a greater climb for the Dogecoin price. Investors are keeping a careful eye on the market for indications of a possible breakout as the Dogecoin price continues to fluctuate. DTX Exchange Integrates DeFi and TradFi Seamlessly with Innovative Features and Exceptional Perks In the realms of DeFi and TradFi, DTX Exchange stands as a trailblazer. By creating a bridge, it aims to rejuvenate the $3.2 billion trade sector, ensuring centralized and decentralized finance don't remain separate. DTX enables traders to access over 120,000 asset pairs without the need to navigate multiple platforms. Powered by the VulcanX layer 1 blockchain, DTX is hailed as a groundbreaking technological innovation. With a testnet transaction speed of over 200,000 TPS and robust community backing, it guarantees faster transactions, transparent fees, and an unwavering commitment to security and decentralization. For those inclined towards automated trading, DTX offers trading bots as a bonus feature. These AI-driven bots can identify market opportunities and perform the necessary technical analysis to secure profitable trades. The current value of the DTX Exchange (DTX) token is $0.16, a 700% gain from the token's launch price of $0.02. Following the opening of the DTX Exchange and the token's listing on tier-1 exchanges, investors are positioning themselves for further profits. Find out more information about DTX Exchange (DTX) by visiting the links below: Buy Presale Visit DTX Website Join The DTX Community Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
