DEXE is a token on the Dexe Network — a social trading platform for crypto traders. In 2020, the project’s team released their main product — Wallet-to-Wallet Copying tool. DEXE token also went through the initial sale in 2020.
Social trading has been a popular way for people to manage their more traditional investments for a few years. It means automatically copying the more successful traders’ investment strategies, which makes trading accessible even for people with little to no knowledge of the market workings. As the crypto world grew, the Dexe team decided to fill this niche in the DeFi space. A user can connect his or her wallet to Dexe and start copying other traders who are also connected to the platform.
When a user makes a profit on his or her trade using Dexe, the platform automatically deducts a 30% commission from these profits. This commission is used to buy back DEXE tokens from the market, which are then divided into three parts: the first part is burned, the second one is put into the insurance fund and the third part is divided between DEXE holders. Besides those uses, DEXE also serves as a governance token, enabling the holders to vote on important issues, since Dexe is a DAO.
DEXE token price started 2021 in the same way as most other cryptocurrencies on the market — following Bitcoin’s behavior. So, after barely breaking $1.5 in 2020, in early 2021 DEXE price grew rapidly, peaking at $33.54 in March. Up until May, DEXE was still trading above ~$23, but at the beginning of that month, the tide started turning. The price first got down to ~$15, and then fell with the market even further, reaching $3 by July. In late July, however, something unexpected happened: DEXE’s price surged again, going up to $22.97. This might be attributed to Binance listing DEXE/USDT pair, boosting DEXE’s credibility and popularity. In the last days of the month, the trend seemed to turn down again, but it might be just a (yet) unfinished cup and handle trading pattern, which is considered bullish.
Despite the fact that 100% accurate technical analysis for DeXe cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated DEXE buy-and-sell rating for selected timeframe. The summary for DEXE/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Below we have collected the most reliable price projections for DeXe (DEXE) from popular forecast platforms.
According to WalletInvestor, DeXe price will grow from $12.9 to $28.592 in one year. That makes DEXE an awesome investment. The long-term earning potential is 121.64%. Predicted price for the end of 2026 is $88.533.
Answering the question about if DeXe is a good investment, TradingBeasts say a resounding no. In the 2021 perspective, this coin price is predicted to reach $N/A with a growth to $N/A by the end of 2022.
In DigitalCoin analysis, the price of DeXe cryptocurrency will rise in the next 5 years starting from $12.884 as of today’s price to $57.8872695. It will go up to $20.7858572 by 2022 and continue its growth in 2023–2024. Based on this forecast, DeXe is a profitable long-term investment.
As it can be clear from the analysis cited above, DeXe (DEXE) projections are rather contradictory. There is no universal consensus either about positive or negative future DEXE price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the DeXe projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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