With the global crypto market surging towards a $3 trillion valuation, interests are shifting away from meme coins like Shiba Inu (SHIB) and Pepecoin (PEPE). In this evolving landscape, a trending DeFi cryptocurrency called DTX Exchange has emerged as a focal point, currently trading at $0.08 per token.
Amidst the market's continued upward trajectory, this burgeoning token has attracted attention with its unique DeFi features and potential for sustainable growth. Could this be the catalyst that reshapes investment priorities in the near future? Read on for further insights.
Shiba Inu (SHIB) Correction Despite Bullish Technical Signal
After a substantial surge following the US election results, Shiba Inu (SHIB) emerged as one of the leading tokens in the post-election rally. However, SHIB experienced a 16% decline between November 12th and 13th, shortly after the formation of a golden cross pattern. The last golden cross formation in December 2023 triggered a 450% increase in Shiba Inu's value.
Given this historical significance, Shiba Inu holders express concern that the current pattern may not yield similar results, as SHIB's 14-day RSI has reached 79.5. A potential price rebound relies on support around $0.000023. Additionally, some SHIB investors, mindful of the meme coin's inherent volatility, are diversifying their holdings as hodlers' balances decrease by 5.41%.
Pepecoin (PEPE) Declines Following $100 Billion Contribution
Pepecoin (PEPE) has exhibited remarkable performance over the past year, boasting an impressive 980% increase. This surge places PEPE higher than 89 of the top 100 cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). Despite trading above its MACD level and SMAs, Pepecoin has only experienced 15 days of gains in the last 30 days.
On November 12th, the meme coin market reached a record $100 billion market capitalization, with Pepecoin ranking as the third-largest contributor. However, PEPE has since undergone price correction and a gradual network decline. The current market conditions will determine whether Pepecoin can surpass its all-time high or face further setbacks.
DTX Exchange Gains Traction as Meme Coin Holders Seek Stability
As investors shift their attention away from meme coins, DTX Exchange (DTX) has emerged as a sought-after alternative for stability. Instead of venturing into potentially unprofitable market risks with PEPE and SHIB, traders have turned to this exchange platform for its unique advantages.
DTX Exchange is a cutting-edge trading platform designed to prioritize user profitability and privacy. With up to 1000x leverage, traders can amplify their positions and enhance their potential returns. Unlike traditional platforms, DTX Exchange does not require KYC, providing users with complete access while safeguarding their privacy.
Furthermore, DTX Exchange incorporates a non-custodial wallet system that grants users complete control over their assets. By eliminating the need for third-party custody, DTX Exchange effectively prevents security breaches through its cold storage feature.
The DTX presale is currently underway, having already raised $7.3 million. During this fourth presale phase, DTX tokens are available for $0.08 each. By utilizing the promo code TRUMP, new investors can receive a 75% bonus on their initial deposit. Additionally, they can stake their tokens to support liquidity and earn up to 15% APY.
For more information:
- Buy Presale
- Visit DTX Website
- Join The DTX Community
Disclaimer: This is a sponsored article presented for informational purposes only. It does not reflect the views of Crypto Daily and should not be construed as legal, tax, investment, or financial advice.
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