Amid the strong uptrend in the crypto market in the last three days, many coins, including Dogwifhat (WIF) and BONK, are rebounding. Dogwifhat (WIF) has reversed, making a double bottom, taking the price from a recent low of $1.50 to a current price of $2.16, an increase of around 44%.
BONK has also seen a good recovery in price after taking support from the long-time ascending trendline. The BONK price took support on 8th July at $0.00002 and is currently trading at 0.00002625.
Despite the market recovery, most coins are not showing long-term confidence, and investors from all over the community are looking for a new potential coin that can be the crypto leader. Some expats have suggested that the new hybrid exchange DTX could be the one with its great fundamentals and innovative technology.
Dogwifhat (WIF) Recent Price Action
Dogwifhat (WIF) is currently trading at $2.16, with a market cap of $2.159 billion and a circulating supply of 998.84 million tokens. In the last 24 hours, its price has increased by 18.12%, and over the past week, it has risen by 24%, showing signs of recovery after a recent downtrend.
Technical indicators for Dogwifhat (WIF) are slightly bullish, with 52% bullish sentiment and 48% bearish sentiment. Dogwifhat (WIF) token is trading below the base Fibonacci pivot for July, indicating a potential breakout above $2. If the uptrend continues, Dogwifhat (WIF) could reach higher price levels, such as $2.5 and $3.2.
BONK Community Planning To Burn 84 billion BONK tokens
Currently, there’s a community vote underway to burn approximately 84 billion BONK tokens. These tokens represent the total accumulated by BONK DAO through revenue sharing with BONKBot in the second quarter. The decision aims to stabilize and potentially increase BONK’s value amidst broader market uncertainties.
BonkDAO encourages all BONK holders to participate in the ongoing vote. While participants can withdraw their tokens after the six-day voting period ends, they must deposit them to vote.
Such a significant token burn could immediately impact Bonk’s price, which currently stands at $0.00002625, up 6.36% over the past 24 hours.
DTX Exchange Has Best Features Among All Cryptos
DTX Exchange offers standout features, including an impressive 1000X leverage, allowing traders to generate massive returns with minimal capital. By integrating centralized and decentralized exchanges, the platform removes barriers to trading and eliminates KYC (know your customer) requirements, providing a seamless experience.
DTX Exchange is committed to security, using a noncustodial wallet that gives users full control over their private keys and digital assets. This approach reduces the risk of funds being compromised by unexpected threats.
The DTX token drives demand with benefits like governance rights, access to premium features, and loyalty rewards. With its presale crossing the $330,000 milestone in just 5 days, now is the perfect time to join one of the best presales of 2024. The growing community interest shows no signs of slowing down.
Learn more:
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