The DeXe price has bounced back in the past few weeks, making it the best-performing token in the crypto industry. It rose to a high of $19.25, its highest level since January 4, almost 200% above its lowest in 2024. This surge has brought its market cap to over $1.51 billion.
DeXe Protocol is a leading player in the blockchain industry that enables developers to build decentralized applications (dApps) on different chains like Optimism, Ethereum, Sui, Polygon, and Arbitrum. Some of the top decentralized autonomous organizations launched in the ecosystem are Chow, Scamster Kombat, Fun Pepe, and Moo Deng.
Following its launch, the DeXe Protocol’s price increased, concurrent with a surge in staked assets within the ecosystem. According to the developers, over $29 million has been staked in the past few hours.
DeXe has five staking tiers, including 1, 3, 6, 12, and 24 months. The one-month staked assets have risen to 5.33 million DEXE tokens with an estimated yield of 21.40%. Similarly, the three-month tier has almost 500k DEXE tokens with an APR of 81.62%. The other three have 131%, 69%, and 680% APRs, respectively.
The DeXe token price has soared because of the ongoing growth of its ecosystem, as the total value locked (TVL) in its ecosystem has jumped to over $1 billion, making it one of the biggest players in the industry.
DEXE Price Prediction
The daily chart shows that the DEXE price has bounced back in the past few months. In November, the 200-day and 50-day exponential moving averages flipped, forming a golden cross pattern, which is one of the most bullish patterns in the market.
Most importantly, the coin has formed a bullish cup and handle pattern. The upper side of the cup formed between April last year and January this year, and the recent retreat was part of the handle formation.
Therefore, the coin will probably continue soaring as bulls target the next key level to watch: the year-to-date high of $21.55. A break above that level will point to more gains, potentially to the next psychological point at $25, followed by $30.
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