The post Selling Pressure Pushed DOGE and SHIB Downward as Whales Doubled Down on This New DeFi Coin Primed for 6,500X Gain appeared first on Coinpedia Fintech News
The bears are having a field day, dragging down prices amid rising selling pressure. Top memes like Dogecoin (DOGE) and Shiba Inu (SHIB) are hit the hardest, retesting old price levels. On the bright side, they are in attractive buy zones.
Meanwhile, whales have been betting on DTX Exchange (DTX), a novel DeFi coin. This new DeFi project will not only be a platform for trading crypto assets but also traditional financial instruments like stocks, ETFs, bonds and commodities, driving massive interest and demand.
DTX Exchange (DTX): Can It Outperform SHIB and DOGE?
DTX Exchange (DTX), one of the most promising new ICOs, is experiencing huge whale activity. It urged above $10.5 million in early funding, cementing its status as 2024’s best presale. Driving demand and interest are its substantial upside potential and novelty, hailed as the next big thing.
Regarding its growth prospects, experts predict a 6,500% upswing after the scheduled listings on Tier-1 exchanges like Coinbase and Binance. In addition, an 80% gain is anticipated on the launch date, estimated to go live at $0.20, currently priced at $0.12. Having already skyrocketed over 440% in the past few months in presale, it is a new DeFi project to watch out for.
Given the above, it is clear why whales are doubling down on the altcoin over top memes like Dogecoin (DOGE) and Shiba Inu (SHIB). It stands at the crossroads between TradFi and DeFi, representing the best of centralized and decentralized exchanges. In addition to offering a one-stop platform for all trading needs, it aims to transform the $3.2 billion global trading market.
Shiba Inu (SHIB): 20% Downturn
Shiba Inu (SHIB), a top meme and the leading memecoin on the Ethereum blockchain, trades downward. Reflecting bearish sentiment, the Shiba Inu price nosedived from a monthly high of $0.000033 to a low of $0.000022.
It tumbled 20% in the past seven days, sparking concerns. However, technical indicators like the SHIB price trading above the 100-EMA ($0.000021) and 200-EMA ($0.000020) suggest a comeback—an altcoin to watch out for.
At the same time, Imonmyrise, a top analyst, targets $0.37, citing a bullish weekly EQH. Joyfuljairo123, also buzzing with optimism, believes the dog-themed cryptocurrency is primed for a breakout above $0.000036, potentially pushing it toward $0.00007. However, for more gains, DTX remains a more popular option among savvy investors.
Dogecoin (DOGE): Bulls Eye a Comeback
Dogecoin (DOGE), the first and leading memecoin, wasn’t exempted from the latest market downturn. However, technical indicators like the Commodity Channel Index (20) and the 9-HMA hint at a bounce, making it a top crypto to invest in.
At the time of writing, the Dogecoin price retails around $0.31—a 20% decline on the weekly chart. On the one hand, this price action is a cause for concern and on the other, it presents a good buying opportunity.
With a bounce underway, Dogecoin (DOGE) is a good crypto to buy. Crypto analyst AnastaMaverick expects a rally toward $0.32 and higher if the closest resistance is breached. Airdropalpha40, another top expert, targets a rally above $0.67. Despite its substantial growth prospects, DTX’s potential 65x gain is a more attractive option to investors.
DTX Exchange (DTX): A Good Crypto Pick Over Shiba Inu (SHIB) and Dogecoin (DOGE)
Amid the underwhelming performances of Shiba Inu (SHIB) and Dogecoin (DOGE) and their limited upside potential, DTX represents a more compelling alternative. Its potential 6,500% upswing post-launch makes it a must-have, alongside its future transformation of the global trading scene.
Find out more information about DTX Exchange (DTX) by visiting the links below:
