Cryptocurrency expert Trader Tardigrade anticipates that Dogecoin (DOGE) could climb to $3.5 by analyzing past trends from 2021. Simultaneously, DTX Exchange (DTX) is emerging as a new contender, mirroring Ripple's (XRP) price movements observed last November and December. During that bullish period, XRP saw its price skyrocket by over 300%. Currently, DTX Exchange has already experienced a 700% increase, drawing significant interest from investors. With such impressive gains, the DeFi cryptocurrency might see a 10x increase in value this quarter. Forecast: Dogecoin (DOGE) Could Reach $3.5 In a recent tweet, leading analyst Ali Martinez pointed out that Dogecoin (DOGE) seems to have broken out of a symmetrical triangle pattern. According to Ali, the cryptocurrency might be aiming for the $0.36 mark. However, this breakout hasn't resulted in substantial gains. CoinMarketCap data indicates that Dogecoin's price has declined by 6.0% over the past week. Still, there might be a glimmer of hope for this meme-based coin. Another analyst, Trader Tardigrade, suggests that Dogecoin could experience a 6-month rally this year. They highlight that the token's current price behavior resembles its 2021 pattern. Tardigrade predicts that the memecoin's value could rise to $3.5 following this rally. At present, DOGE is experiencing bullish momentum. Its technical indicators, such as the Stochastic Fast (14) and Williams Percent Range (14), are showing buy signals, indicating that the bulls are gaining strength. Ripple (XRP) Faces Bearish Trends Despite Grayscale's ETF Application Reports reveal that Grayscale, a major asset management firm, has applied for a Ripple (XRP) spot ETF with the New York Stock Exchange. The company aims to transform its Grayscale XRP Trust into an XRP-spot ETF, joining the likes of Canary Funds, Bitwise, WisdomTree, and 21Shares in this endeavor. Currently, Ripple's price has dropped by 2.6% over the week, according to CoinMarketCap. The altcoin continues to struggle against bearish forces, keeping its price between $3.00 and $3.40. Although technical indicators like the relative strength index suggest a potential uptrend, overall market negativity has hindered Ripple's progress. Looking ahead, CW predicts that Ripple's token could rise to $4.26 in the short term. However, the analyst notes a significant sell wall at $3.21 that XRP needs to surpass to initiate a price surge. DTX Exchange (DTX) Attracts Traders with No-KYC Policy DTX Exchange (DTX) is a new player in the trading arena, aiming to create a distinctive platform that blends CeFi and DeFi elements. A major advantage of DTX Exchange is its lack of a KYC (Know Your Customer) policy, meaning users aren't required to share personal information. This approach safeguards user identities and simplifies transaction processes for traders. Additionally, DTX Exchange offers a high leverage ratio of 1000:1, allowing traders to manage positions vastly larger than their initial investment. For instance, with a $10 investment, one can control $10,000. Moreover, DTX Exchange features a VIP Rebate System that lets token holders earn up to 3% of the platform's trading fee revenue. This incentivizes trading and fosters a sense of community among users. The platform's presale phase has been well-received, raising over $13.3 million and attracting more than 400,000 holders. The DTX token is currently priced at $0.16. Could DTX Exchange Be the Next DeFi Token to Follow Ripple’s (XRP) Path? DTX Exchange is poised to potentially become a major force in the cryptocurrency market. With its innovative features and strong investor interest, it stands out as a promising candidate for a potential 10x price increase. Those on the lookout for the next cryptocurrency to rival Ripple (XRP) should consider focusing on DTX Exchange. Discover more about DTX Exchange (DTX) by exploring the links below: Buy Presale Visit DTX Website Join The DTX Community
