Market experts have been closely monitoring the market performance of Dogwifhat (WIF), Maker (MKR), and the top altcoin DTX Exchange (DTX).
The upcoming month is anticipated to entertain notable price spikes with several altcoins ready to make new highs.
Let’s explore why analysts deem DTX Exchange (DTX) as the top altcoin for the August rally and favor the emerging crypto over the market potential of Dogwifhat (WIF) and Maker (MKR).
Dogwifhat (WIF) Leads Decliners With a 28% Weekly Drop
Dogwifhat (WIF) has again topped the decliner list in the second half of 2024, following a massive price drop of 28% on the weekly chart. Over millions of tokens have been dumped by Dogwifhat (WIF) holders amid the surging skepticism around the top altcoin as the price retraces below the key support level of $1.9 in the last 24 hours.
The dog-themed memecoin Dogwifhat (WIF) has consistently underperformed after a bullish traversal to $4.7 in March. Technical indicators and chart analysis don’t favor Dogwifhat (WIF) amid a volatile market, suggesting a potential drag to $1.5 support in the upcoming days. Therefore, the WIF price is poised to maintain a strong descending trend, leading investors to further losses.
Bears Push Maker (MKR) Price Toward Lower Support Levels
Maker (MKR) continues to drive high market volatility despite announcing the implementation of the LitePSM upgrade following a governance proposal last week. Despite high hopes for Maker (MKR) from leading analysts, the crypto continues to decline toward lower support levels due to excessive investor offloading and surging skepticism.
Maker (MKR) displays a 4.1% decline on the weekly chart, followed by declining on-chain traffic and rising market volatility. Market experts closely monitor the $2,500 support level amid surging bearish pressures and investor shift to the top altcoin for this rally. Losing this support might trigger excessive dumping for Maker (MKR), dragging the price below key supports while the final action is yet to be seen.
Top Altcoin to Watch: DTX Exchange Shines With $1.2M Presale
DTX Exchange (DTX) surprises the crypto community with its ground-breaking ICO performance, raising a massive $1.2 million in batch 2 of the public presale. DTX Exchange leverages a high-end hybrid marketplace with AI-driven advanced automation strategies and a 1000x leverage feature, offering traders a chance to make record profits with minimum investment capital.
The hybrid tradFi platform of DTX includes 120k+ digital assets across diverse financial markets, emerging as an all-in-one trading solution. With robust security, distributive liquidity pools, and blockchain layer-1 technology, DTX emerges as the top altcoin to buy in this rally, poised for explosive gains once it hits the mainnet.
Passive Income Model of DTX Exchange Steals Spotlight
The DTX Exchange takes the initiative to transform traditional trading models and provide new ways to make profits in a high-performing industry. The platform not only commits to solving existing security, liquidity, and gas-fee issues but also focuses on creating ways for traders to earn passive income with its hybrid model and revenue-sharing strategy.
The platform offers staking, yield farming, and profit-sharing mechanisms for traders contributing to the distributive liquidity pools to provide surplus liquidity for over 120k+ assets. The scalable and profitable schemas of DTX Exchange are the reason why traders choose it over Dogwifhat (WIF) and Maker (MKR) as the top altcoin to buy in August.
The DTX ecosystem provides a suite of cutting-edge features and other trading options on its AI-powered platform with quant and algo trading options. For those seeking the top altcoin DTX Exchange at $0.04, the project promises sky-high gains upon mainnet launch and a chance to enjoy governance and other community benefits.
Learn more:
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.
