Dogecoin (DOGE) is back in the game after Elon Musk’s latest interaction with the altcoin reinstated its market value. Meanwhile, Cardano (ADA) is eyeing a potential collaboration opportunity with the Nintendo emulator.
Amid the shifting sentiment, AI crypto DTX Exchange (DTX) is hitting massive rallies with its presale’s surging demand and a $6.12 million milestone.
As the largest memecoin by market cap, Dogecoin (DOGE) has been listed among the top 10 best-performing cryptocurrencies today. Dogecoin (DOGE) has witnessed a 6% surge in its trading value while maintaining per token price above the $0.14 level. Dogecoin (DOGE) currently holds a $11.85 billion market cap with a 24-hour trading volume of $204.28 million.
Source: CoinGecko
Analysts are linking the Dogecoin (DOGE) network’s resurgence to Tesla CEO Elon Musk’s latest interaction. Musk participated in Donald Trump’s rally at Madison Square Garden on October 27, appealing to people to vote for the Republican in the upcoming presidential elections on November 5.
If Trump enters the White House as a winner, Musk will establish a potential Department of Government Efficiency (DOGE). The department would lead the goal of fair taxation for Americans, which will be led by Musk himself. Soon after the rally was over, Musk posted a photo on X with the upper part of the picture showing him flexing during the public speech, while the lower part resembled the Dogecoin (DOGE) logo.
Cardano (ADA) founder Charles Hoskinson is currently observing the potential advancements for BOS and Cardano with its layer2 solution Hydra. BOS is a smart contract network built on Bitcoin (BTC) that uplifts its interoperability and overall performance. As of today, Cardano is trading at $0.33, with a 24.21% surge in its 24-hour trading volume.
According to CNF, Cardano partnered with BitcoinOS to enable its DeFi users to access Bitcoin’s liquidity directly, bypassing any third parties in the network. For context, Hydra has layer2 scaling solutions that allow updates to the Open state on-chain. Cardano currently holds a $11.79 billion market cap with a minor 0.25% decline in the last 24 hours.
Hydra is a scaling solution for ADA, designed to improve transaction speed and reduce delays by processing certain operations off-chain. This complex setup allows transactions to occur in parallel through unique structures called ‘Hydra Heads,’ or state channels. Through Hydra Heads, ADA is able to handle multiple transactions at the same time with much faster interactions.
As of October 28, DTX Exchange (DTX) has been listed among the top bullish cryptocurrencies to go viral under $1. DTX Exchange has gained widespread popularity by offering access to over 120,000+ assets across crypto, stocks & bonds, forex, and commodities. Investors and traders in the platform enjoy DTX Exchange’s limitless possibilities and new exchange UI.
DTX Exchange (DTX) incorporates cutting-edge Layer1 blockchain technology to deliver a convenient, restriction-free, and engaging crypto trading platform. The exchange also promotes a helpful environment where experienced investors come together to help traders understand the pros and cons of the constantly evolving crypto market and trade effectively.
DTX Exchange (DTX) recently got its new name after a crypto analyst labeled it ‘Cardano-Killer’ after its mind-blowing presale rally over the weekend. The eye-catching rally that enabled DTX to climb the $6 million ladder happened when a crypto whale injected over $200,000 in DTX Exchange (DTX) over the weekend.
As Dogecoin (DOGE) and ADA show strong signs of making a comeback in the crypto market, DTX Exchange (DTX) has already won the hearts of fresh traders and experienced investors with its top-notch blockchain technology, offering 25x opportunities and advanced trading tools that make it one of the most advanced crypto trading platforms in the market right now.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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