DeFi Altcoin DTX Exchange Pushes to $700k After Bitcoin Consolidates, Set to Outshine Dogecoin and PEPE

Bitcoin has again fallen from its all-time high and is now consolidating near $67,000. After a slight correction, Dogecoin and PEPE are also in a consolidation phase.

Amidst the market correction, DTX Exchange has witnessed a surge in momentum, raising $700,000 in its presale within a few days. According to crypto experts, DTX Exchange is poised to surpass Dogecoin and PEPE in 2024.

Does Elon Musk Hold 20% of Dogecoin Supply?

During a discussion on the social media platform X Space, Elon Musk, the CEO of Tesla and X, reaffirmed his support for cryptocurrencies. He disclosed that he still holds a "significant" amount of Dogecoin (DOGE).

Launched in 2013, Dogecoin has gained popularity as a meme coin in the crypto market. Its playful and lighthearted nature contrasts with more established blockchain projects. Interestingly, Charles Hoskinson, the founder of rival cryptocurrency project Cardano, recently questioned the extent of Musk's Dogecoin holdings. In an interview, Hoskinson speculated that Musk might own a staggering 20% of the total Dogecoin supply, though this claim has not been substantiated.

PEPE Rising in the List of Memecoins

Pepe, inspired by the popular internet meme "Pepe the Frog," has rapidly become a prominent player in the meme coin market. It is known for its fun, community-centric approach and humorous branding, appealing to investors and meme enthusiasts alike. PEPE coin's popularity has been growing as its price has increased.

After its launch, PEPE surged by over 800% within a month. It is currently undergoing a correction, and a positive market trend could fuel another rally. If the price reaches its previous all-time high, it has the potential for a 42% upswing in the short term. However, PEPE's long-term performance will be determined by the overall market direction.

DTX Raises $700k, Aiming for $2M

Despite the bearish market conditions affecting cryptocurrencies like Dogecoin and PEPE, DTX Exchange has made significant progress. The platform has added 120,000 new trading assets to its traditional finance (tradFi) platform and raised $700,000 in its second presale stage. This expansion into various financial markets has increased DTX's user base, positioning it as a strong challenger to established altcoins.

DTX Exchange distinguishes itself by its focus on transforming traditional trading. Its trading platform seamlessly combines features of centralized (CEX) and decentralized exchanges (DEX), such as zero-commission trading and exceptional transaction speeds—a mere 0.04 seconds.

DTX enhances the trading experience with its secure, blockchain-based infrastructure. Features like 1000x leverage and distributed liquidity pools allow traders to attain higher market positions with less capital.

With non-custodial wallets and a no-KYC policy, DTX ensures complete control over users' funds and private keys. This approach not only secures user information but also simplifies the trading experience.

Learn more:

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