Bitcoin’s Explosive Rally Above $80K Sparks Altcoin Frenzy: Dogecoin and Newcomer DTX Exchange Lead the Charge

Bitcoin’s record-breaking surge above $80k boosts altcoins like Dogecoin and newcomer DTX Exchange, as experts predict BTC’s path to $100k.

BTC’s price is surging toward the experts’ prediction of $100k. Currently trading above $80k, Bitcoin has broken the previous all-time high. This record-breaking performance in BTC price has driven potential coins higher.

Dogecoin is among the top gainers, rising over 85% in the last seven days. This traction in DOGE’s price came after the US elections and the influence of Elon Musk. DTX Exchange is another top gainer with Dogecoin, with a 300% rise quickly. According to experts, the DTX Exchange could catch up with DOGE’s market cap in the next six months of the launch.

BTC at 1.618 Fibonacci extension, will price reverse?

The mid-term correction in crypto leader Bitcoin ended with a furious rally. In the last 30 days, the BTC price has increased by 26%, breaking above the March high. The Fibonacci extension drawn from the September low shows that the BTC price has reached the crucial extension resistance level. This price behavior could lead to a small correction or consolidation in the price.

If Bitcoin can maintain support above these levels, its path toward $100K becomes even clearer, but any stumble could mean a pullback. Investors and traders alike are monitoring the 10-day moving average, which is emerging as a potential demand zone in this fast-moving market.

Dogecoin parabolic move surges above 2022 high

Dogecoin has shaken the crypto community with an exponential move since the rally started in October. Sunday’s big intraday move crossed the 2022 high with a nearly 200% increase in volume. Currently, Dogecoin is trading at $0.289 with a market cap of $41.55 billion. With this move, DOGE has risen to the #6th position, beating stablecoin USDC

Yet, for those eyeing a fresh entry, the risk-reward calculus appears challenging. The exponential nature of Dogecoin’s recent rally means that high-net-worth (HNW) traders who bought at lower levels are starting to lock in profits. These investors, cautious about chasing a possibly overextended Dogecoin, are increasingly looking to new opportunities.

DTX Exchange crosses $7m milestone in the crypto rally

Under two months of launch, the DTX Exchange has achieved another milestone by accumulating $7 million in the fourth stage of the presale. Huge demand for DTX presales picked up with the launch of the Phoenix Wallet, which has ranked among the top secured wallets in the exchange market.

The Phoenix wallet offers multiple features, such as borrowing and staking, in the DTX ecosystem. It also has a simple interface with smooth transactions and instant withdrawal features. This wallet supports the DTX Exchange’s multi-asset trading; traders can trade over 100,000 instruments in both traditional and digital assets.

Another noteworthy feature of DTX Exchange is the 1,000x leverage, which allows a trader to make large positions with small capital. DTX Exchange has greatly emphasized security, as Solid proof, the best auditing company, audits it.

Currently, the DTX token is priced at $0.08, and the listing price is fixed at $0.2, which gives DTX 150% upside potential in less than a month. Also, this is the last opportunity to grab DTX tokens at a discounted presale price.