While many cryptocurrencies struggle with price declines, DEXE has bucked the trend, emerging as the market’s top gainer in the past 24 hours. The governance token has outperformed many leading assets, which have faced losses during the same period.

With steady demand for the token, it may extend its gains in the short term. 

DEXE Leads Market Rally

The DeXe protocol is an open-source platform for creating and managing decentralized autonomous organizations (DAOs). The DeXe DAO, which has DEXE as its governance token, controls the protocol.

DEXE currently trades at $22.67, noting a 4% price surge over the past 24 hours, making it the market’s top gainer. This rally has pushed the token’s price to its highest level since December 2021. With strengthening demand, DEXE appears poised to maintain this uptrend.

The setup of its Super Trend indicator supports this bullish outlook. At press time, the indicator’s green line acts as dynamic support for DEXE’s price at $14.52.

This momentum indicator helps traders identify the market’s direction by placing a line above or below the price chart based on the asset’s volatility. As with DEXE, when an asset’s price trades above the green line of the Super Trend indicator, it signals a bullish trend, indicating that the market is in an uptrend and that buying pressure is dominant.

Moreover, DEXE’s Aroon Up Line at 100% indicates its current uptrend is strong.  The Aroon indicator measures the strength and direction of a trend by analyzing the time since an asset’s recent highs (Aroon Up) and lows (Aroon Down). 

When an asset’s Aroon Up line is at 100%, it indicates that its most recent high was reached very recently. This is true of DEXE, which currently trades at a four-year high.

DEXE Price Prediction: Is an All-Time High on the Horizon?

If this bullish pressure persists and DEXE maintains its uptrend, it could climb to its all-time high of $35.41, which it last reached in March 2021. 

However, DEXE could shed its recent gains and drop toward $17.89 if profit-taking makes a comeback.

According to Satoshi Action Fund CEO Dennis Porter, Utah is leading the race to establish a Bitcoin reserve in the US. Porter claimed that the state’s short legislative calendar encourages speedy action.

Additionally, Utah has a digital asset task force that continues operations outside of the calendar. This task force actively coordinates strategy for a Bitcoin reserve, which rushes into action when the normal schedule resumes.

How Soon Could Utah Establish a Bitcoin Reserve?

The race to establish a Bitcoin reserve has been heating up among 15 US states. President Trump promised to establish such a reserve on the campaign trail, but his “crypto stockpile” executive order fell somewhat short.

Still, there is a fight at the state and federal levels to create a Bitcoin reserve, and Satoshi Action Fund CEO Dennis Porter is betting on Utah being the first.

“There’s a very good shot that Utah will be first because they have such a short legislative calendar. It is only 45 days. It’s either sink or swim in 45 days. No one else has a faster calendar, and no one else has more political momentum and willpower to get it done,” Porter claimed in an interview with Senator Cynthia Lummis.

Wyoming senator Cynthia Lummis is a leading figure in the broader campaign’s federal legislative efforts. However, she concurred with Porter’s assessment that Utah will be the first state with its own Bitcoin reserve, not Wyoming.

Utah has a few advantages in this race that may propel it ahead of several other initiatives. A Utah legislator proposed a Bitcoin reserve in late January, which passed through committee in a little over a week.

Already, this is much speedier than most US states. However, Porter noted another key advantage. The state has maintained a digital asset task force since 2022.

In other words, the state may have a short legislative session, but Representatives can use this task force as a unit to strategize outside of the session.

Utah has been a pro-crypto state for several years now, and its economic policies and guardrails are potentially more prepared for a Bitcoin reserve than any other state. With a quick burst of political willpower, it could deliver on these plans.

These proceedings are looking quite bullish for Bitcoin’s price. Even while other political developments have wrought havoc on the crypto market, legislative efforts like this help conserve BTC momentum.

Crypto majors crumbled in early Monday session as financial markets reacted to President Trump’s decision to impose hefty tariffs on its key trade partners. While the risk-off mood pushed the digital assets to multi-month lows, savvy investors saw an opportunity to ‘buy the dip’. Subsequently, the likes of Ripple and Bitcoin have recorded impressive rebounds with the latter getting back above the psychologically crucial zone of $100,000.

Meanwhile, crypto projects in innovative subsectors are reaping big from the positive market sentiment and appetite for revolutionary projects. Dogizen, a new kid on the block in GameFi is set for explosive success asit leverages on Telegram’s wide reach and the expected pro-crypto environment. 

With less than a week left before it hits the open market, DOGIZ tokens are on high demand. Crypto enthusiasts acknowledge that its current price may be the lowest the project ever reaches on its path to explosive growth.   

Ripple price impressive rebound as investors buy the dip

Earlier on Monday, Ripple price extended its losses from the previous session; plunging below the ascending trendline connecting several of its lows since mid November 2024. It has dropped to a two-month low at $1.7610 before reversing some of those losses to trade at $2.6902 as at the time of writing.

Similar to most other cryptocurrencies, ripple price was reacting to President Trump’s decision to impose 25% tarriffs on imports from its key trading partners; Canada and Mexico. He has also signed an order imposing a 10% duty on goods from China as from 4th February.   

Following the rebound, the altcoin has gone back to trading above the medium-term 50-day EMA even as it remains below the short-term 20-day EMA. At its current level, it will likely find support along the 50-day EMA at $2.6255 as the bulls gather enough momentum to break the resistance along the 20-day EMA at $2.9000. Notably, this thesis will hold for a long as ripple price remains above the crucial zone of $2.5000. 

Dogizen enters the home stretch as a broad playing field awaits 

Dogizen is on its home stretch with the presale slated to end on Friday, 7th February. In a span of 4 months, the project has already raised $3.86 million.

With this trend, it will likely surpass its target as more savvy investors rush to amass some Dogiz tokens in time. With its apt timing and immense growth potential, its current price of $0.000085 may be the lowest it will ever get to. 

As a small-cap cryptocurrency, it has a wider room for growth and is set to secure its early adopters hefty profits upon hitting the open market. 

Besides, its listing comes at a time when cryptocurrencies are expected to benefit from President Trump’s policies. In fact, less than a week after his inauguration, he ordered for the establishment of a task force mandated to propose regulations on digital assets and consider the creation of the country’s crypto stockpile. 

In addition to the pro-crypto environment, Dogizen is also set to benefit from its positioning in the Telegram gaming sunsector. To start with, Telegram has over 950 million monthly active users. Couple this with the anticipated crypto bull run in 2025 and expected explosion of the GameFi sector and Dogizen is bound to reach new heights. 

What’s more, the project has insured itself against the wave of dumps that has impacted its rivals in the past. Unlike tokens like Catizen and Hamster Kombat, Dogizen embraced a well-organized presale as opposed to airdrops. This strategy has beared the desired fruits with its holders comprising of long-term loyal investors. Learn more abouut how to buy Dogizen here.

Ethereum price nears oversold territory as crypto majors crumble

Earlier on Monday’s session, Ethereum price plunged to a 6-month low as the markets reacted to Trump’s decision on tariffs. It has since rebounded to $2,732.53 as at the time of writing. 

A look at its daily chart shows the altcoin approaching the oversold territory at an RSI of 32. Besides, the indicator is facing downwards, pointing to the continuation of the current selling pressure.

At its current level, it is hovering around the previously steady support zone of $2,750. Further rebounding will have the bulls eyeing the next target at $2,926.18. On the flip side, further elling pressure may have Ethereum price retest the support level at $2,581.58.