With the start of election season for the year 2024, a higher trading volume in Bitcoin indicates increased traffic in the cryptocurrency market focusing on assets such as Dogecoin (DOGE) and DTX Exchange (DTX). Due to the fact that Bitcoin’s price affects the overall market, sentiment has shifted towards the positive territory, which puts Dogecoin into focus for short term gains, while DTX Exchange positions itself as the choice for long term gains.
Bitcoin Volume: A Leading Indicator of Market Optimism
In a typical market structure, an uptick in the trading volume in Bitcoin usually means that the price in the cryptocurrency is set to rise, positively affecting the market. Currently right at or near this current price, BTC has started a bullish run that could take the crypto world by storm, already reaching a new ATH.
With Bitcoin’s volume surging 150% in the last 24 hours, it soared to $110B.
Amid these gains, savvy traders are looking for other investment opportunities, and they’ve found these two altcoins.
Dogecoin Gaining Traction in Election Frenzy
Bitcoin’s rise fueled DOGE during the recent election cycle, trading just over current price, up roughly 70% over the last month. According to CoinMarketCap, Dogecoin is currently trading around $0.20, with signs of a huge rally incoming.
Earnings are expected to climb even higher for Dogecoin going forward, as Elon Musk’s statement about the Department Of Government Efficiency, or D.O.G.E may become a reality.
DTX Exchange: Set to Thrive Long Term
While targeting the most liquid assets such as Bitcoin and Dogecoin, traders have an opportunity to use an up-and-coming powerful platform, DTX Exchange, oriented for the institutional needs of the crypto market. DTX bridges the gap between centralized and decentralized finance. DTX’s expertise to connect traditional finance with digital assets, making it ideal to benefit from volatility generated by the US election.
The current market suggests that this isn’t just an uptrend for the short time. While Dogecoin rallies on election expectations, DTX has all the foundation to support long-term growth. Its TradFi and DeFi hybrids combine an extensive range of stocks, bonds, and forex with DOGE, BTC, and other cryptocurrencies makes it the perfect project set to disturb the $36 billion global crypto trading market.
Conclusion: Savvy Traders Will Have Huge Gains
Bitcoin’s rise in volume in this election year is a good example, and volatile assets like Dogecoin show the importance of a well-rounded portfolio. If you are looking for the next success story, look no further than DTX’s presale. Currently at a price of $0.08, it has raised more than $6.7 million from early investors.
If you are looking for the next revolution, DTX Exchange has a limited offer where any deposits will be matched by 50%, if you use the promo code: “DTXOG”
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