Tron Price Jumps 8% on Months Charts After Fee Cut Announced for Developers While DTX Crosses SHIB With $6.32 Million

Tron (TRX) Prepares for Bullish Revival

Tron (TRX) has initiated a significant 50% reduction in network fees to bolster developer activity. This incentive has historically stimulated remarkable developments on the Tron Network.

In August 2024, Tron ranked as the most active blockchain, boasting projects like SUNDOG and a growing memecoin ecosystem. Despite a recent decline of over 3%, the network has witnessed a surge in revenue ($45.5 million in October) and active addresses (2.1 million).

DTX Exchange Attracts Users with Wallet Launch

DTX Exchange, a hybrid trading platform, has garnered attention with its upcoming Phoenix Wallet. The ecosystem offers a comprehensive suite of features, including stock, forex, crypto, and financial instrument trading.

Users can leverage their capital up to 1000x with DTX Exchange, maximizing profit potential. Backed by VulcanX blockchain, DTX promises an industry-leading throughput of 100,000 transactions per second, rivaling SUI and Solana.

Shiba Inu (SHIB) Underwhelms Despite Upgrade

Despite advancements in the Shibarium Layer 2 blockchain, Shiba Inu (SHIB) has exhibited sluggish price action. The memecoin has failed to capitalize on the broader crypto market's bullish momentum, lagging due to a bearish trend.

Experts predict a potential price recovery in December as capital rotation favors utility-based projects. However, SHIB currently faces resistance around $0.000021.

Conclusion

Tron (TRX) is expected to rally in the coming months, while SHIB undergoes a correction. Notably, DTX Exchange continues to gain traction and is poised to become a promising altcoin prospect. Its growth trajectory and holder benefits make it an attractive investment opportunity. However, it's crucial to monitor the DTX token supply as it depletes rapidly.