Crypto Adherents Seek Shelter in Hybrid DTX Exchange (DTX) as Dogwifhat and BONK Down On The Road Of Collapse

06.07.2024 / Payment system news

The meme coin sector is witnessing a notable price downturn as traders cash out profits from last week’s bull run. Dogwifhat (WIF) and BONK are top decliners in the market phase as major whales shift to the emerging DTX Exchange (DTX) for unique tradFi propositions and industry-relevant features. 

Dogwifhat (WIF) Slides Below The Crucial $2 Support Level

Dogwifhat (WIF) has breached a key support level of $2 after a massive 13% decline on the intraday chart. Trading at $1.8, WIF holders are speculative about its trajectory as $1.84 million have been liquidated in the last 24 hours. Amid this trendline, the market cap of Dogwifhat (WIF) has dropped below $1.82 billion. 

The memecoin has shown a massive downtrend in June and now analysts anticipate the trajectory to extend in July. Technical indicators like SMA and RSI suggest a bearish market sentiment for Dogwifhat (WIF), triggering a potential price downturn towards the $1.5 support level in the upcoming days. 

BONK Moves Sideways After Price Slides Down By 9% 

BONK is also among the meme decliners in the last 24 hours. Despite a promising rally at the start of July, BONK failed to hold above support levels and slid to previous thresholds following a 9% decline on the intraday chart. While bulls continue to exert pressure on the memecoin, the broader market decline makes a potential price rebound difficult. 

BONK has breached the above $0.000025 support, trading below $0.000022. While bulls have pushed the price towards a minor recovery, BONK is predicted to trade in a bearish channel for the next few days. Analysts anticipate a period of sideways momentum as the memecoin experiences a tug-of-war between bullish and bearish forces.

DTX Exchange Presale Set to Explode Amid Surging Demand

DTX Exchange (DTX) is under the spotlight after its ground-breaking ICO performance, raising $820,000 in round 2 of the public presale. The project leverages a high-performance hybrid marketplace with advanced automation strategies and a 1000x leverage feature, where traders can make record profits with minimum capital in diverse markets.

The DTX hybrid tradFi platform includes 120k+ assets and is emerging as an all-in-one trading solution. With robust security, distributive liquidity pools, multi-tier accounts, cutting-edge analytics, and blockchain layer 1 technology, industry giants call it the next most relevant and biggest marketplace with the best features of centralized and decentralized exchanges. 

As the project grows significantly, with large-scale users shifting their focus to the DTX tokens, the price is expected to jump to a high level, potentially rising to $1 once the presale concludes. To gain early positions in the DTX Exchange for explosive returns, traders are flocking toward this no-KYC exchange token priced at $0.04. 

The Best Crypto: DTX Exchange 

DTX Exchange (DTX) holds much more potential than conventional memecoins like Dogwifhat (WIF) and BONK. It is the prime time to take positions in the next emerging giant of the tradFi sector to shape the future of deFi and enjoy massive gains. 

Learn more: 

Visit DTX Presale

Read Whitepaper

Join The DTX Community 

Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.