Dogecoin price has lost 2024’s bull run in the recent market crash following Trump’s inauguration. While the memecoin still holds a significant position in the mainstream meme market, the social dominance of DOGE over other cryptos shows a major decline. This trend has led to speculative community sentiment about the Dogecoin price in the upcoming weeks.
Furthermore, the announcement of Grayscale’s Dogecoin Trust has failed to sustain the hype for the DOGE memecoin. The price pullback has led major investors to take their capital out, shifting their investments to other high-potential cryptocurrencies for major returns in the upcoming months.
Let’s discuss why the Dogecoin price can show a continued downtrend below critical support levels and which alternative altcoin investors are choosing.
Dogecoin Price Could Hit $0.20 Support Amid US-China Conflict
The Dogecoin price has taken a major hit as it fell below the $0.26 support level in the last 30 days, following a historic market crash. According to a report by Santiment, DOGE is witnessing a notable decline in social media as it covers only 4% of different talks and news which was 9.2% at the end of December.
Furthermore, the recent tariff war between the US and China has also affected the Dogecoin price by triggering a 4% drop in the last 24 hours. According to Min Jung, China’s tariff policy is pressurizing the cryptocurrencies, hence the DOGE memecoin could emerge much more vulnerable to market outflows amid changing investor sentiment around risky assets.
This bearish trend and changing market sentiments can position DOGE memecoin in a risky situation and more value depreciation in the upcoming weeks. After a major drop in the last 30 days and capital flowing out, the Dogecoin price is predicted to retest the $0.20 support level as the China-US tariff war continues alongside declining trader activity for DOGE.
DTX Exchange (DTX) Goes Viral After Raising $13.7M In Presale
DTX Exchange (DTX) emerged as a key player in decentralized finance by introducing a comprehensive trading ecosystem that integrates multiple asset classes within a single platform. Designed to host a global user base, DTX Exchange facilitates seamless access to over 120,000 financial instruments, spanning forex, cryptocurrencies, equities, and CFDs, all while eliminating gas fees and ensuring ultra-fast transactions.
With an emphasis on capital assessment and individual growth, DTX Exchange enables traders to utilize an industry-leading 1000x leverage system. Built on a secure layer-1 infrastructure named “VulcanX”, the platform prioritizes user privacy and asset protection, offering decentralized features such as non-custodial wallets and a no-KYC policy.
DTX Exchange incorporates algorithmic and quantitative trading solutions, allowing users to optimize their strategies in dynamic market conditions. By merging technological innovation with a user-centric framework, DTX has attracted $13.7 million in its presale stage 8 from DOGE traders and sights its exchange listing after it hits $0.20 from the current price of $0.16.
Conclusion
The Dogecoin price trend faces mounting sell-offs and declining social dominance as the DOGE memecoin struggles to maintain its position amid the ongoing US-China tariff war and reduced market interest for risky assets. Meanwhile, DTX Exchange (DTX) has emerged as a top investment, drawing massive market interest with its advanced trading ecosystem and decentralized security framework. Currently available at $0.16 in presale, DTX tokens are poised for exponential growth, with projections exceeding $2 post-listing.
This means a perfect buying time for early investors to secure their spots in this year’s biggest breakout altcoin, ready to beat past Dogecoin gains with its high utility and extensive market scope.
Learn more:
