Russian Investors Re-enter Crypto Market, Over $1.8M Invested in Dogecoin (DOGE), Cardano (ADA) and DeFi Token
Dogecoin recently could not handle the $0.15 level and broke the key support level. While the whole crypto market is bullish and trading near an all-time high, DOGE shows sluggish momentum. With Dogecoin, Cardano is also one of the coins showing continuous bearish momentum. For over two months, ADA has been trading in the $0.428 to $0.510 range; a break on either side can give the coin new momentum.
Amid Dogecoin and Cardano’s bearish momentum, most Russian investors’ $1.8M investment has been allocated to the emerging leader DTX Exchange. DTX Exchange is aiming to become the exchange platform leader and revolutionize retail trading and investing.
GME Rally Taking Over Dogecoin – What Next?
GameStop’s meme coin (GME) has become the center of attention, surpassing Dogecoin and other meme coins. GME, which operates on the Solana blockchain, has seen its price soar by over 400% since June 3, reaching $0.20 with a market cap of $1,140 million. This impressive rise has outshined the struggles of Dogecoin and others.
While GME rides the hype wave over the roaring kitty, Dogecoin (DOGE) is facing a downturn. Last week, its price dropped more than 6%, from $0.165 to $0.146. The next major support level for DOGE is $0.12, and $0.175 acts as strong resistance.
The pump seen in the GME coin is due to the recent activities of the famous influencer Roaring Kitty; while it’s up, any negative news can bring its price down. A push above the $0.175 level in DOGE is crucial to start the new leg.
Update On Cardano’s Chang Hard Fork
Cardano founder Charles Hoskinson has generated excitement in the crypto community with a major announcement. In a recent social media post, he shared that the eagerly awaited Cardano’s Chang Hard Fork upgrade is expected to be completed this June.
Cardano’s price increased by 1.09%, reaching $0.448. This ADA upgrade aims to introduce the most advanced blockchain governance system yet. It will include annual budgets, a treasury, and community-driven decision-making processes.
DTX Exchange Saw Huge Interest from Russian Investors
Amid the market volatility, DTX Exchange is the favorite choice of Russian investors who recently re-entered the crypto market. DTX Exchange aims to revolutionize trading with its hybrid platform, offering 1000x leverage. This unique feature sets DTX apart, positioning it as a leader among centralized (CEX) and decentralized (DEX) exchanges.
The project is steadily gaining traction in the decentralized finance (DeFi) sector, highlighted by an impressive over $600,000 raised during its stage 2 public presale. With strong security measures and cutting-edge blockchain technology, DTX Exchange is on track to become a major player in the DeFi world.
Currently, the coin is in the second stage of presale and the tokens are priced at $0.04; according to the crypto experts, in 2025, the token’s price is expected to hit $0.1.
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