In the last seven days, Near Protocol (NEAR) has declined by 17% after the recent breakout failed. Volume activity in NEAR has also decreased, with the last four days’ volume dipping below the average volume line. Investors have removed Near Protocol from the watchlist after bear action and are tracking coins that have shown good traction in the recent market.
The top two coins investors are tracking closely are Dogecoin (DOGE) and DTX Exchange (DTX). Dogecoin price has regained strength, rising 11.72% intraday, while DTX Exchange has risen 300% from $0.02 to $0.08 in under a month of the launch.
Near Protocol Drops Below The $4 Level
Near Protocol has become one of the worst-performing coins, with a continuous downtrend from the start of October. From the September high of $5.88, NEAR has decreased by around 40% to the current level of $3.70. Currently, Near Protocol is hovering above the August demand zone, and price can see some buying pressure from here; if not, we might see Near Protocol making a new 6-month low.
In the news, South Korean cryptocurrency exchange Upbit announced today it will temporarily suspend Near Protocol transactions due to an upcoming network upgrade. Starting from 18:00 on November 5, 2024 (KST), Upbit will pause deposits and withdrawals until the hard fork’s stability is fully confirmed.
Dogecoin Price Moons After The Mention By Elon Musk
Dogecoin price has surged 15% in the last two days after Elon Musk mentioned “DOGE” on Joe Rogan’s podcast, referring to a hypothetical Department of Government Efficiency. Following this mention, DOGE’s trading volume jumped by 30%, reaching nearly $2.8 billion in 24 hours, making DOGE the fourth-most traded cryptocurrency during that time, excluding stablecoins.
Last week, Musk also sparked a Dogecoin price increase when he spoke at a Trump rally, suggesting he could help cut $2 trillion from the government’s annual budget through this proposed Department of Government Efficiency, or D.O.G.E. Musk has attended several of Trump’s campaign rallies, frequently referencing this Dogecoin-inspired agency in a series of supportive tweets.
Dogecoin price has bounced from the 20-day moving average, showing the strong price action and buyer’s support.
DTX Exchange (DTX) Revolutionizing Trading For Forever
DTX Exchange is making a big impact in the trading world by launching the first-ever hybrid platform designed specifically for trading and investing. DTX’s advanced platform simplifies trading by providing tailored tools matching all the needs of beginners and experienced traders.
DTX Exchange Goes Beyond cryptocurrency and allows trading in over 120k assets such as stocks, forex, commodities, etc. With this diverse range of assets, DTX Exchange provides 1,000X leverage, which can help traders make big positions with small capital.
DTX Phoenix Wallet Grabs The Attention Of Users
DTX Exchange launched the Phoenix Wallet, which users crowned one of the best wallets within a few days of launch. Phoenix Wallet provides highly secure transactions and smooth processing. With this, users don’t have to wait hours for transactions to pass through and also do not have to worry about thefts.
A key benefit of DTX Exchange is its commitment to privacy with a ‘non-KYC’ policy, allowing users to trade without identity verification. This approach aligns with core DeFi values and sets DTX apart as more platforms move toward mandatory user verification. Currently, DTX presale is in the fourth stage and will conclude by the end of the month, providing investors with the last opportunity to participate in this multi-bagger opportunity.
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