Bloomberg Analyst Says That The Fastest Way to Gains is Memecoins: WIF & DOGE Are In His Top 3 Picks But What’s Number One?

Compared to other altcoins, memecoins move fast, generating high returns. However, in recent times, utility coins have taken the lead from leading meme coins like Dogecoin (DOGE) and Dogwifhat (WIF). Memecoins have been in correction mode for a long time; if they reverse the direction of the trend, this could be the start of the uptrend.

Last week, Dogecoin and Dogwifhat investors diversified into the DTX Exchange. DTX is hailed as the best utility coin of 2024, which can be the topper of the exchange industry.

We will discuss the price predictions for DOGE, WIF, and DTX and the recent stories and developments surrounding them.

Dogecoin (DOGE) Reaches Descending Trendline

After rising 18% in three days, Dogecoin (DOGE) has hit the trendline resistance, from which it was rejected twice before. Some traders have booked profits after it hit the resistance. Also, the RSI index has risen from 46 to 63, showing the control of bulls in the Dogecoin (DOGE) price. A bullish crossover pattern formed on Monday, resulting in a strong move.

Billionaire entrepreneur Elon Musk tweeted on Tuesday, saying, "D.O.G.E will fix it," in response to a Los Angeles Times article about California officials blocking his company, SpaceX, from launching more rockets in the state. While it’s unclear if Musk still plans to collaborate with developers on Dogecoin (DOGE), he continues to promote the coin through his social media.

Dogwifhat (WIF) Faces Rejection At the $3 Psychological level

Dogwifhat (WIF)  has faced some selling pressure around the $3 zone and has corrected it to the $2.6 level. In July, Dogwifhat (WIF) was rejected from the same level and corrected further to lower levels. It has also broken out of the significant wedge pattern with good volumes, and for the continuation of the pattern, WIF has to break out of the near resistance levels.

Dogwifhat (WIF) price has retraced half of the decline that started in April. However, confirmation of new trends has yet to be made. Dogwifhat (WIF) is a new memecoin and has shown good performance in the early days; now, it will be interesting to see if it can start a new trend in the current market.

Analyst Predicts 5,600% Gains In DTX Exchange

Among the three coins, DTX Exchange (DTX) has been named the no. 1 coin by fund house analysts. They have made many projections about the emerging project and believe it can change traditional finance. One of the top Bloomberg price analysts has predicted a 5,600% price appreciation in the DTX Exchange. According to him, by the end of the year, the DTX Exchange can rise to $4.56 from the current price of $0.08.

According to this prediction, $500 invested in DTX presale at the current price could turn into $28,500 in a few months.

DTX Exchange is working towards solving traders' problems by providing different assets in one place. Also, traders get 1,000x increased buying capacity, which can increase their profit potential exponentially. No other exchanges provide features like DTX. Hence, it is becoming the favorite choice of traders worldwide.

Learn more:

Buy Presale

Visit DTX Website

Join The DTX Community