"Dogecoin & DTX Exchange Surge: $3.5 DOGE & 10x DTX Predicted"

Dogecoin (DOGE) and a new cryptocurrency, DTX Exchange (DTX), have been making waves in the crypto market, with analysts predicting potential surges in their prices. Trader Tardigrade anticipates that Dogecoin could climb to $3.5, while DTX Exchange is emerging as a new contender, mirroring Ripple's (XRP) price movements observed last November and December.

During that bullish period, XRP saw its price skyrocket by over 300%. Currently, DTX Exchange has already experienced a 700% increase, drawing significant interest from investors. With such impressive gains, the DeFi cryptocurrency might see a 10x increase in value this quarter.

In a recent tweet, leading analyst Ali Martinez pointed out that Dogecoin (DOGE) seems to have broken out of a symmetrical triangle pattern. According to Ali, the cryptocurrency might be aiming for the $0.36 mark. However, this breakout hasn't resulted in substantial gains. CoinMarketCap data indicates that Dogecoin's price has declined by 6.0% over the past week. Still, there might be a glimmer of hope for this meme-based coin.

Another analyst, Trader Tardigrade, suggests that Dogecoin could experience a 6-month rally this year. They highlight that the token's current price behavior resembles its 2021 pattern. Tardigrade predicts that the memecoin's value could rise to $3.5 following this rally. At present, DOGE is experiencing bullish momentum. Its technical indicators, such as the Stochastic Fast (14) and Williams Percent Range (14), are showing buy signals, indicating that the bulls are gaining strength.

Ripple (XRP) Faces Bearish Trends Despite Grayscale's ETF Application

Reports reveal that Grayscale, a major asset management firm, has applied for a Ripple (XRP) spot ETF with the New York Stock Exchange. The company aims to transform its Grayscale XRP Trust into an XRP-spot ETF, joining the likes of Canary Funds, Bitwise, WisdomTree, and 21Shares in this endeavor.

Currently, Ripple's price has dropped by 2.6% over the week