"Meme Coin Meltdown: Dogecoin Plunges 70% as DTX Exchange Rises"

In the dynamic world of cryptocurrencies, the rise and fall of meme coins continue to captivate investors. Dogecoin (DOGE), the most well-known meme cryptocurrency, has been experiencing significant market fluctuations, with recent trends indicating a 70% decline in its value. As investors seek more useful alternatives, many are turning their attention to DTX Exchange (DTX), a fast-growing trading platform that merges traditional and decentralized finance.

DTX Exchange (DTX) is set to revolutionize the trading landscape by offering a comprehensive solution for all trading needs. Unlike conventional platforms, DTX will be the first crypto-native exchange to provide more than 120,000 currency pairings, stocks, ETFs, and foreign exchange options. This innovative approach has already attracted significant investment, with DTX successfully raising over $14.6 million during its presale.

Dogecoin (DOGE) recently experienced a substantial market move following a tweet by Edward Dowd, which suggested that the cryptocurrency is exposing fraud and psychological manipulation. According to CoinMarketCap, DOGE's price increased by 12.5% from $0.16 to $0.18 at 09:00 UTC on February 15, 2025. The trading volume for DOGE also surged to 5.2 billion in just one hour, demonstrating significant market interest and response to the tweet.

The connection between Dogecoin and Bitcoin (BTC) has also grown stronger, with the 24-hour correlation coefficient rising to 0.65, a significant increase from the previous day's 0.45. This suggests that DOGE's price dynamics may be increasingly impacted by changes in Bitcoin.

The cryptocurrency market has seen significant liquidations in the last day, with about $200 million wiped away from 92,000 traders. Dogecoin (DOGE) was the most affected meme currency, with $12.02 million in liquidations. Despite this, DOGE's price continues to climb, up 2.9% to $0.2793, as investors hope for the approval of a Dogecoin ETF. The SEC's acceptance of Grayscale's DOGE ETF registration demonstrates the regulator's adaptability and willingness to consider new investment vehicles.