The cryptocurrency market has become an unstoppable force in the financial world, offering high volatility and massive returns for early investors. Ripple (XRP) and Dogecoin (DOGE) performed remarkably well in the previous bull rally, but can they continue the momentum in the upcoming cycle? With the parabolic rally in the XRP price, its market cap has reached $140 billion, which limits the similar explosive growth we saw in the past. Meanwhile, Dogecoin is experiencing an extreme sell-off due to the market sentiment shift towards a utility-driven coin. Amid significant developments in the crypto market, experts have revealed their top pick for February - the viral utility altcoin of DTX Exchange (DTX), which has amassed massive attention due to increasing demand in its ongoing presale. Offering its native tokens at a discounted price in the presale phase and raising over $13.55 million, DTX is set to redefine global markets. Ripple Retraces After Correction: Will The XRP Price Reverse? Last month, Ripple broke out of the upper trendline of a symmetric triangle pattern that had extended for over a month. Within five days of this, the XRP price gained over 45%. However, Ripple soon encountered resistance at $3.4, which caused it to consolidate for over two weeks. Rejected from further rise, the XRP price lost demand and started to fall a week ago. Source: CoinMarketCap In the last 24 hours, the XRP price has declined 1.52% and is trading at $2.41. Due to this correction, Ripple has moved below the 50-day SMA line but trades above its 100-day SMA. The MACD oscillator dropped under the baseline a few days ago and continues to fall, indicating increasing bearish pressure on the XRP price. Despite the selling pressure, the XRP price has shown a retracement from today’s low at $2.26, with an 8.13% increase in trading volume. This suggests a potential trend reversal for Ripple if the sentiment shifts to bullish. Dogecoin (DOGE): Whales Accumulation Amid Downfall During the market downturn, Dogecoin (DOGE) whales seized the opportunity, buying 750 million DOGE despite the dip. Their move signals confidence, showing that major players aren’t stepping back even in tough times. This buying spree followed the ETF buzz sparked by Grayscale’s launch of a Dogecoin Trust and the filing for a DOGE ETF on the New York Stock Exchange. Meanwhile, a publicly traded Canadian cryptocurrency company invested over $250,000 in Dogecoin, adding to the growing list of firms stocking up on leading cryptocurrencies in recent months. However, despite these developments, the price of Dogecoin has not been able to turn the trend upwards and is trading below the December low. DTX Exchange Presale Surges With Overwhelming Response Launched just a few months ago, the DTX Exchange is now trading in its last presale stage and is expected to conclude ahead of schedule due to high demand. The token saw remarkable price growth, from $0.02 in the first stage to the current price of $0.16, a rise of 700%. The presale success shows increasing investor confidence in the DTX community, which is growing rapidly, with over 600,000 unique holders of the token. The hybrid model of the platform enables traders to access over 120,000 asset classes, such as stocks, currency, gold, and ETFs. Additionally, traders can utilize 1000x positions with small capital that will take their trading to a whole other level. Due to DTX’s small market cap and rapid developments, experts forecast a faster price growth compared to Dogecoin and Ripple’s XRP price. Analyzing the fundamentals, experts foresee a potential 25x surge for this crypto coin in 2025. 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 press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
