Will DeXe Protocol Go Past $$33 in 1 month? What’s driving its Growth?

The DEXE has exhibited unprecedented growth in the last seven days and that has put traders and analysts into trouble. After 2 months of downfall, DEXE is showing a huge ray of hope. within 7 days up till 3rd February, its price increased by $10.  

None of the market specialists were prepared for that. Now, the live price is USD 19.16. The trading volume is $15509864.61. On 5th February, it reached its recent peak of $21.2.  

The market is otherwise sluggish. So, investors have to take careful steps if they want to transfer their investment assets to DEXE.  

The Concern  

Meanwhile, there is a real concern. Predictions suggest that the price of this token will grow manifold in the next month or so. So, investors have to make a big decision here. They can make fresh investments in this crypto.  

Or they can close their previous accounts and create a big wave of sell-off; hence invest the freed amount here.  

This crypto is not priced below $5, like other altcoins growing at a stable or staggering high pace. So, it’s either this or that. 

Will this crypto keep on growing?  

To project its growth, we need to understand why DEXE is growing at a tremendous rate.  

DEXE is a native coin under the DeXe protocol. The coin is growing as it promises a lot. But the main reason that’s contributing to its growth is the high interest in DeFi and DAOs.  

At the same time, the protocol is rolling out new features every day. The alliance-based projects with other crypto players are also adding to its stability.  

A few days ago, over $1 billion worth of DEXE tokens were launched. It grabbed the market like nothing else. Meanwhile, DAO introduced stakes which also hooked the market.  

The bottom line- continuous and meaningful market partnerships are solidifying this crypto. At the same time, its value is increasing. You might be a bitcoin loyalist.  

But coins like DeXe can create a massive upturn in the market easily. So, keep an eye on how this coin performs in the coming years.  

CoinCodex passed a valid prediction about the coin yesterday. This year the coin is suspected to grow at least 30.8%. By the end of the current financial year, DEXE’s price can be more than USD 28.  

At the time of publication, the market for this crypto is highly bullish. Retail and institutional investors are interested in this token alike.  

The final take  

Most investors and analysts suggest that the coin can easily walk past its all-time high of $33.5. In fact, it will grow further and become statutory around $46.  

However, you must remember that the market is volatile. Moreover, almost none of the coins have performed similarly at a stretch for more than 6 months. So, it is preferable to make short-term investments in this rising token for now!