Donald Trump won the US presidential election, and the positive impact on the crypto market can be seen clearly. With yesterday’s big jump, Bitcoin price crossed its previous all-time high, creating a fresh high of $76,481.
Meanwhile, Dogecoin (DOGE) has greatly benefited from this rally, which has emerged as a top gainer in recent weeks. This rally has also greatly pushed small-cap coins like DTX Exchange (DTX). DTX Exchange has reached $6.8 million in presales and is targeting $8 million by the end of November.
Bitcoin Price Forms Bearish RSI Divergence After Breakout
After nearly six months of correction and trading below $74,000, the Bitcoin price has finally broken through the ATH resistance level. On the breakout candle, volume increased by more than 100%, creating the highest volume for the three months. After the breakout, a bearish divergence in RSI was observed in the Bitcoin price.
Bitcoin price has formed a higher high and higher low, while RSI has formed a lower high and lower low, forming a bearish divergence, which is an indicator of the reversal. If Bitcoin price pullbacks, $74,000 can be a potential retest level for demand to pick up.
Dogecoin (DOGE) Marketcap Surpass
According to coinmarketcap, DOGE’s market cap reached $31.01 billion, positioning it as the seventh largest crypto in the world. However, with the pullback, one more leg can push Dogecoin (DOGE) ahead in the race.
Dogecoin (DOGE) is still down nearly 60% from its record high in 2021. At that time, frequent tweets and mentions from Tesla CEO Elon Musk fueled DOGE’s rise. In 2021, rise. Dogecoin (DOGE) reached the 4th spot by market capitalization. Although it has lost some of its shine, the meme coin remains in the top 10 among other major altcoins.
Analyst Forecasts 6,200% Gains In DTX Exchange By 2025
The US election has triggered the bull market, and we are still in its early phase. This is the phase when traders have the opportunity to purchase potential coins. The first-ever hybrid exchange, DTX Exchange, has emerged as a fundamentally sound cryptocurrency available at discounted prices during its presale phase. DTX Exchange is currently in its fourth presale stage with a token price of $0.08.
According to crypto market analysts, the DTX tokens could rise to $5.04 after listing on Tier-1 exchanges. If this projection becomes true, $500 at the current level could become $31,500 by the end of 2024.
The DTX platform is renowned for its multi-asset trading capability, 1,000x leverage, and other unique features, such as staking and profit-sharing, which form the basis of analysts’ predictions. These give the DTX Exchange a unique edge and rival the best-known traditional exchanges.
DTX, a trading platform, has a dynamic market that has quickly come about due to user demands and a presale that is expected to be sold out soon. Analysts unequivocally predict it will exceed Dogecoin (DOGE) by the end of 2025.
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