With the recent changes in the crypto market, investors are on the lookout for the next big thing in the crypto market. While Shiba Inu and Solana have been the most popular tokens in the market, there is a new entrant into the market, DTX Exchange (DTX). DTX Exchange is a hybrid exchange that aims to close the gap between traditional financial markets and cryptocurrencies.
Currently in the crypto ICO phase, the project has garnered a lot of interest from investors. Its price has risen by over 800% in the past few weeks despite the downtrend in the market. Its price is expected to skyrocket by 10x in the coming months.
Can Shiba Inu (SHIB) Break Out of the Downtrend?
Over the last month, the Shiba Inu price has been mainly bearish. The memecoin had recorded just 10 green days out of 30, signifying a huge control from bears. Currently, technical indicators indicate the Shiba Inu price could fall to lower levels in the coming months. The relative strength index is close to the oversold region.
Also, the Hull Moving Average (9) is in the selling territory, pointing towards a potential Shiba Inu price decline. In terms of price movement, CoinMarketCap data reveals the Shiba Inu price has been consolidating between $0.00001492 and $0.00001712 in the weekly timeframe. The value of the Shiba Inu token has dipped by 3.7% and 23.9% on the weekly and monthly levels.
Looking forward, analysts like VegetaCrypto1 expect the Shiba Inu price to rally soon. VegetaCrypto1 forecasts the Shiba Inu price might rise to $0.00002375 in the coming weeks. Another analyst known as Ravel Cartel posted a more bullish Shiba Inu price prediction. They say the Shiba Inu price could surge towards $0.00006 in the coming weeks.
Solana (SOL) Dips Ahead Of Massive Unlock
According to Crypto General, the Solana coin has been in a free fall for the past two days. The main cause of this decline is the $2.5 billion unlock in March which has led to a bearish outlook in the market. Due to the expectation of a considerable increase in the circulating supply, selling pressure has increased.
This selling pressure has pushed the Solana price below the $200 level. However, the Solana price trades above the $155 support. If this level is breached, the Solana price could drop to the next level of support at $133. Meanwhile, the Solana price is still in an upward trend and the long-term outlook remains positive.
In the meantime, the Solana price is bearish on the weekly and monthly charts. CoinMarketCap price data shows the Solana price has decreased by 15.2% and 29.3% on these timeframes, respectively. The Solana price has dropped to levels last seen in November 2024.
DTX Exchange (DTX) Presale Figures Soars
DTX Exchange (DTX) is one of the trending blockchain ICO projects in the market that has attracted many investors because of the hybrid trading platform. Its funding has reached over $14.8 million, and the number of users has exceeded 600,000. Also, its native token, DTX has increased in price from $0.02 to $0.18.
Another feature of DTX Exchange is that it provides an opportunity to trade cryptocurrencies, stocks, forex, commodities, and ETFs. It has over 120,000 tradable instruments, and the clients are not required to move to other platforms to access the global markets. DTX also has a no-KYC policy in which users can trade without being subjected to the identification process.
This means that users can start trading immediately and at the same time, they can remain anonymous. Driving this revolutionary swap is VulcanX, a Layer-1 blockchain that has a transaction speed of 0.4ms and 100,000 TPS. This reduces the time taken and enhances the capabilities of DTX to be one of the most advanced trading platforms in the market.
The New DeFi Project Set To Overtake Shiba Inu and Solana
DTX Exchange could become the best DeFi coin for investors who want to make profits. It seeks to revolutionize the trading sector, allowing investors to trade multiple assets. With anticipation and usage on the rise, the price of DTX is expected to skyrocket soon.
Find out more information about DTX Exchange (DTX) by visiting the links below:
