Despite the many criticisms against memecoins, they have been at the forefront of this bull cycle. Shiba Inu (SHIB) gathers steam for its next upswing while Dogecoin (DOGE), the first memecoin, crosses $0.4 and approaches a breakout above the 2021 top.
Meanwhile, whales have been betting on DTX Exchange (DTX), a new DeFi and exchange-based token. As a bridge between traditional and decentralized finance, DTX is poised for adoption and growth—one of the new DeFi projects to watch out for.
DTX Exchange (DTX): Whales Pushed Funding Past $8.2M
DTX Exchange (DTX), a new DeFi token, is on whales’ watchlists. Its novelty as a blend of TradFi and DeFi while combining the best elements of CEX and DEX are at the heart of its attraction. Selling out fast, DTX has been hailed as this quarter’s best presale.
In round five of the ICO, a token is underpriced at $0.10, providing a low entry. With over $8.2 million raised in early funding, investors can’t get enough. On track to explode after its launch, the projected 45x upswing post-launch makes it one of the best coins to invest in.
Further driving whale interest is its impending transformation of the $10 billion global trading market. Its hybrid trading platform will be one of a kind, as it will combine CEX and DEX’s best elements, wrapped in a one-stop platform. From trading thousands of asset classes on a single wallet to non-custodial storage of funds, it might outshine top memes like Shiba Inu (SHIB) and Dogecoin (DOGE).
Shiba Inu (SHIB) Gathers Steam for its Next Jump
Shiba Inu (SHIB) is one of the most popular animal memecoins; its memetic appeal and budget-friendliness make it a retail favorite. The Shiba Inu price exploded over 25% on the monthly chart, trading above $0.000024. While it trades downward on lower timeframes, experts believe it is in anticipation of its next leg up.
Meanwhile, technical indicators like the MACD level (12,26), 20-SMA and 20-EMA are buy signals, suggesting a future upswing. Industry experts also forecast a price jump, placing Shiba Inu on the list of altcoins to watch out for.
Armando Pantoja, a crypto investor and analyst, believes support at $0.000020 could force a strong rally, perhaps a jump toward $0.0001. Meanwhile, ShibSpain, a SHIB enthusiast, suggests the memecoin will go above $0.00005 in the coming weeks, positioning it among the best cryptos to invest in.
Dogecoin (DOGE) Crossed $0.4
Dogecoin (DOGE), popularly known as the OG of memes, is among the best altcoins. Trading upwards, the Dogecoin price crossed $0.4, registering over 150% rally in the past 30 days. On course for a jump above its 2021 all-time high of $0.73, it is a promising wave not to miss.
Key indicators like the DOGE price trading above the 20-VWMA ($0.31) and 9-HMA ($0.38) are bullish signals. The bulls maintaining solid support above $0.4 will likely push Dogecoin (DOGE) into price discovery, making it crucial.
Buzzing with optimism, experts share their positive price outlooks. Discobear, a crypto investor, believes a new ATH is a matter of time if the price holds above $0.4, targeting $0.50. Meanwhile, Tanderick believes a jump above the recent high of $0.43 might push it toward $0.62.
Can DTX Exchange (DTX) Challenge Shiba Inu (SHIB) and Dogecoin (DOGE) Meme Dominance?
DTX Exchange (DTX) is a new ICO and DeFi token gearing up to shake up the crypto world. Its intersection with TradFi and its novel hybrid trading platform paints a bullish picture. With adoption a matter of when, not if, it is set to challenge the meme dominance of Shiba Inu (SHIB) and Dogecoin (DOGE).
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