Near Protocol Drops Below The $4 Level As Dogecoin (DOGE) And DTX Exchange (DTX) Gain Traction

In the last seven days, Near Protocol (NEAR) has declined by 17% after the recent breakout failed. Volume activity in NEAR has also decreased.

Near Protocol (CRYPTO: NEAR) has seen a decline of 17% in the last seven days following a failed breakout. Volume activity in NEAR has also decreased, with the last four days’ volume dipping below the average volume line.

Investors have shifted their focus away from Near Protocol following the bear action and are now tracking coins that have shown good traction in the recent market.

The top two coins that investors are keeping a close eye on are Dogecoin (CRYPTO: DOGE) and DTX Exchange (CRYPTO: DTX). Dogecoin price has shown strength, rising 11.72% intraday, while DTX Exchange has risen 300% from $0.02 to $0.08 in less than a month of the launch.

Near Protocol Drops Below The $4 Level

Among the worst performers has been Near Protocol, which has seen a continuous downtrend since the beginning of October. From the September high of $5.88, NEAR has seen a decrease of around 40% to reach the current level of $3.70.

Currently, Near Protocol is sitting above the August demand zone, where price may see some buying pressure; otherwise, we might see Near Protocol making a new 6-month low.

In the news, South Korean cryptocurrency exchange Upbit announced Monday that it will be temporarily suspending Near Protocol transactions for an upcoming network upgrade. Starting from 18:00 on November 5, 2024 (KST), Upbit will be pausing deposits and withdrawals until the hard fork’s stability is fully confirmed.

Dogecoin Price Moons After Elon Musk Mention

Dogecoin price has surged over 15% in the last two days following Elon Musk's mention of “DOGE” on Joe Rogan's podcast while discussing a hypothetical Department of Government Efficiency. Following this mention, DOGE's trading volume also surged by 30%, reaching nearly $2.8 billion in 24 hours, making DOGE the fourth-most traded cryptocurrency during that period, excluding stablecoins.

Last week, Musk also sparked a Dogecoin price surge when he spoke at a Trump rally, suggesting that he could help cut $2 trillion from the government's annual budget through this proposed Department of Government Efficiency, or D.O.G.E. Musk has attended several of Trump's campaign rallies, frequently referencing this Dogecoin-inspired agency in a series of supportive tweets.

Dogecoin price has bounced from the 20-day moving average, showing the strong price action and buyer's support.

DTX Exchange (DTX) Revolutionizing Trading For Forever

DTX Exchange is making a huge impact in the trading world by launching the first-ever hybrid platform designed specifically for both trading and investing. DTX's advanced platform simplifies trading like never before, providing tailored tools that match the needs of both beginners and experienced traders.

DTX Exchange Goes Beyond cryptocurrency and allows trading in over 120k assets, including stocks, forex, commodities and more. With this diverse range of assets, DTX Exchange also offers 1,000X leverage, which can help traders open big positions even with small capital.

DTX Phoenix Wallet Grabs The Attention Of Users

DTX Exchange has also launched the Phoenix Wallet, which users have crowned as one of the best wallets within days of launch. The Phoenix Wallet provides highly secure transactions and smooth processing. With this, users don't have to wait hours for transactions to go through and also don't have to worry about thefts.

A key benefit of DTX Exchange is its commitment to privacy with a ‘non-KYC’ policy, allowing users to trade without revealing their identity. This approach aligns with core DeFi values and sets DTX apart as more platforms move toward mandatory user verification. Currently, the DTX presale is in the fourth stage and will conclude by the end of the month, providing investors with the last opportunity to participate in this multi-bagger opportunity.