The lead Shiba Inu Developer has recognized DTX Exchange as a potential leader in the utility altcoin space, drawing similarities to Solana in its early stages. Experts have also suggested that DTX can mimic the historical Solana price rally in 2021 that provided over 17,000% returns.
DTX Exchange has recently crossed the $15.5 million mark raised with its presale within months, making it the most successful token presale of the year. A bonus round has been launched due to massive demand from interested buyers who missed out on the initial stages of the presale.
Investors are flocking to acquire DTX at an undervalued price of $0.18 since it can provide a quick 2x gain when it launches at $0.36 after the bonus round, outshining the recent Solana price surge.
Is Shiba Inu (SHIB) About To Reverse?
After rejection from the $0.000033 resistance, the Shiba Inu price has been declining for the last three months. It has dropped over 60%, losing all the gains of the November rally. Last week, Shiba Inu was consolidating between the $0.000013 support and $0.00001485 resistance, giving hopes of a trend reversal.
On Sunday, the Shiba Inu price broke out from this resistance but plunged with a bearish engulfing candle the next day, resuming its extended decline. SHIB has lost over 9% in the last 24 hours and is currently trading at $0.00001283.
Lead Dev Shytoshi Kusama has emphasized the high growth potential of utility tokens. He shared the vision of transforming the meme coin into a major tech powerhouse with real-world utility by 2030, which would considerably improve Shiba Inu’s performance.
Today, it has retracted from $0.00001218, leading to the formation of a hammer candlestick, indicating bullish sentiment, which means SHIB could enter an uptrend of demand returns.
What’s Next For The Solana Price After Recent Wild Swings?
Solana touched a new high at $294 on January 19th but faced rejection and underwent a steep decline. Within 40 days, the Solana price plunged over 50%, reaching the $131 support last week.
Donald Trump’s post about plans to include Solana (SOL) in the US Strategic Crypto Reserve two days ago sparked FOMO among investors. As a result, the Solana price jumped over 24% in a single session. However, SOL sharply reversed from the 250-day SMA and lost all these gains.
At press time, the Solana price is $135.51, after a 17.57% decline and a 39% decrease in trading volume in the last 24 hours. The MACD oscillator indicates increasing bearish pressure, but SOL is still above the solid support at $131. Last week, Solana was oversold at the same price, which means it may decline further to the $119 support before a potential reversal.
DTX Exchange: Why It Can Replicate Solana’s Growth?
While Shiba Inu and Solana prices have struggled with market uncertainty, the DTX Exchange presale has provided up to 800% returns to early investors. Over 750,000 DTX community members are holding the utility token to capture its next surge that will double the current invested amount.
DTX is the first hybrid exchange that has brought traditional and Web3 assets under the same roof. It provides the best features of CEX and DEX in a single interface, allowing users to trade over 120,000 financial instruments, including stocks, crypto, bonds, forex, etc.
Users can also take up to 1000x leverage from DTX Exchange to diversify as much as they require with large positions in all their invested assets.
Experts believe DTX Exchange can carve a significant share of the global financial markets and grow exponentially like Solana did in 2021 to become one of the top utility altcoins in the market.
Make Instant 2x ROI With The DTX Presale
The bonus presale round offers a last chance to acquire the DTX token at a low price before its listing. According to analysts, investors can make a 200% profit by holding the token through this stage, which is more than what the Shiba Inu and Solana prices could provide.
Moreover, experts forecast that DTX Exchange will replicate the 2021 SOL rally, suggesting it could surge 17,000% to $30 in the next bull run.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Buy Presale
