The recent FOMC meeting highlighted that economic activity continues to expand steadily, and its impact on the crypto market was noticeable afterwards. From the low of Tuesday, Dogecoin’s price has risen by nearly 6%, reclaiming the $0.33 level.
However, it still trades below key moving averages, indicating a bearish trend. Meanwhile, DTX Exchange (DTX), a new player in the DeFi space, is gaining attention. With over $13.26 million raised and an upcoming exchange listing, DTX Exchange is establishing itself as a notable altcoin this season.
Dogecoin Price Prediction: Can It Reach $1 in the Future?
Since its inception, Dogecoin has been a community favourite and has ruled the meme market. However, in the new year, the Dogecoin price has lost appeal due to the utility factor shift among investors. As of January 30, 2025, the Dogecoin price is trading at $0.33, with a drop of 32% from its 52-week high.
The Dogecoin price performed exceptionally in November last year, rising from $0.142 to $0.48, a gain of nearly 233%. However, since this peak, it has been trading in a bearish trend, forming a lower low and lower high. In the first half of January, the Dogecoin price attempted a reversal with a double-bottom pattern, but during the market crackdown, it lost momentum, falling below the trendline support.
DOGE has fallen below the closely monitored 50-day SMA, coinciding with the trendline support breakdown and the 10-day SMA, signalling a bearish bias. If the Dogecoin price is believed to reach $0.5, with surging volume, the breakout could pave the way for a new ATH later this year. According to experts, if the bullish momentum persists, the $1 target might be achievable by year-end.
Memes and celebrities like Elon Musk fuel DOGE’s popularity, but concerns about a potential price drop will remain until some solid development occurs. However, bullish investors are optimistic about a Dogecoin ETF, which could trigger a new Dogecoin price rally.
Why DTX Exchange Could Be the Future?
Web3 has brought a new phase in the financial sector, in which real-world applications matter more than just hype for long-term sustainability. The hybrid protocol pioneer DTX Exchange could benefit significantly from this shift as it introduces the most advanced trading platform ever. With its multi-asset trading approach, DTX could revolutionize the financial sector once and for all.
DTX Exchange is the first platform in the world to use blockchain technology to bridge the gap between traditional and modern finance. Although it is a crypto-native exchange, it offers trading on 100,000+ financial assets, such as stocks, ETFs, bonds, and forex. This approach opens doors to many possibilities on a single platform.
With the utility, DTX Exchange has extensively focused on community engagement. It offers profit share through its VIP Rebate Program, which allows token holders to generate up to 3% of the platform’s fee revenue. This helps maintain long-term members’ interest in the project’s growth, making it a more sustainable ecosystem for users.
In the final presale phase, DTX has raised an impressive $13.25 million. The token currently is priced at $0.16. Investors are rushing to invest as analysts predict a high return as the tokens hit major exchanges like Binance and Coinbase.
DTX Vs DOGE: Who Can Lead Upcoming Bull Market?
Though the Dogecoin price has created amazing returns in the past, its large market capitalization limits the explosive growth opportunities. Meanwhile, the DTX Exchange is in its early phase and is currently priced highly undervalued, making it a solid contender for the next top gainer.
