As Pepecoin (PEPE) struggles with a sharp decline, whale investors are shifting their focus to new opportunities. With PEPE dropping 54% from its December highs, many investors are looking for the next 100x altcoin that could deliver explosive gains.
Meanwhile, BONK is gaining momentum with strong trading activity, and a hybrid altcoin, DTX Exchange (DTX), is making waves with its innovative trading platform. Could DTX be the next big winner, leaving PEPE and BONK behind?
Is PEPE Selling Pressure Too Strong? Bulls vs Bears
Pepecoin (PEPE) has recently been facing a challenging period. PEPE price fell to $0.00001210, more than half, or 54%, of its December high. This has raised a lot of investors’ concerns regarding Pepecoin price trajectory ahead.
The drop may be due in part to more PEPE being supplied to exchanges. Data shows that there are currently 240.28 trillion Pepecoins available on exchanges, up from 237.18 trillion last week.
Another concern is the sale of PEPE by huge institutional investors, sometimes known as “whales.” Moving large quantities of PEPE for trade, these whales signaled that the Pepecoin price may continue to fall. Smaller investors are consequently concerned, which may result in even more selling of PEPE.
Should the Pepecoin selling continue, the Pepecoin price may fall even further. Many people are keeping a keen eye on the market to see if PEPE will recover or if it will continue to decline.
Is BONK More Than Just Hype? Key Metrics Say Yes
BONK, the well-known memecoin, has made significant gains among the top 100 cryptocurrencies by market capitalization. BONK has gained over 5% in the past 24 hours and is currently trading at $0.00002494. Trading volumes are also up by 17%, indicating a growing investor interest in BONK.
A primary driver of BONK price movement is the introduction of Bonk trading on the Pocket Protector Bot. Trading BONK using the bot requires a minimum of $50, which may be accessible via Telegram. This is significant since it expands trading opportunities for the BONK community.
Another reason BONK is still in power is because Trump seems to be on course to fulfill his pledges to the cryptocurrency sector. His recent actions indicate that he is interested in the cryptocurrency sector, even though he made no mention of it during his inauguration.
Hybrid CEX-DEX Model: Why DTX Is Changing the Game
DTX Exchange (DTX) is a soon-to-be-launched trading exchange that intends to alter the financial industry by bridging the gap between centralized and decentralized finance.
More than 120,000 commodities, including stocks, currency, cryptocurrencies, and contract-for-differences (CFDs), are unified on the platform. By doing this, they save the trouble of juggling multiple platforms in order to handle various kinds of assets.
VulcanX, their layer-1 blockchain giant, supports the platform. It distinguished itself from the rest of the industry with an estimated TPS of over 200,000 when its testnet went live on the platform.
The platform offers users unparalleled potential with its state-of-the-art infrastructure and trading tools. These consist of its distributed liquidity pool and leverage up to 1000x. These features guarantee that each deal is carried out with the least amount of slippage and at the optimum pricing.
Remarkably, DTX Exchange will be the first significant exchange to fully do away with KYC (Know Your Customer) rules in order to give its consumers the highest level of anonymity. Strict security audits have also been conducted on the platform to guarantee the users’ protection.
With more than $13 million in presale funding, the project is presently in its presale stage. Given that the presale went live just a few months ago, this is a significant achievement for the project. At stage eight right now, every DTX token is available for only $0.16, giving investors a chance to get 100x returns ahead.
To know more about the DTX Exchange ecosystem, Check out:
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