While the market is recovering, an Ethereum (ETH) whale ICO investor has sent 5000 ETH to Kraken. Rumors have it that the whale is diversifying its investment into a new exchange-based token called DTX Exchange.
Meanwhile, a crypto analyst has identified a major buy signal on the Shiba Inu (SHIB) chart. According to the analyst, this buy signal could lead to a massive price pump in the coming weeks.
What you'll learn 👉
Ethereum (ETH) ICO Moves 5,000 ETH To Kraken
Crypto analyst EmberCN tweeted that an Ethereum (ETH) whale that got 150,000 ETH through the project’s ICO has started selling coins again. The whale transferred another 5,000 ETH to Kraken. This transfer is in addition to a big selling frenzy by the whale in the market in the last two weeks.
During this period, the whale sold 45,000 ETH. Altogether, the whale has sold 60,000 ETH of the initial 150,000 ETH initially obtained through the crypto ICO. This sell-off comes as the Ethereum price dropped 8.1% in the weekly timeframe.
Despite many attempts, the altcoin is still trading below the resistance at the 50-SMA ($2,537.08). Yet, experts are bullish about Ethereum crypto. CryptoYoddha predicts the value of the cryptocurrency could pump to $4,300 in the next few weeks. Others say the Ethereum coin price could reach $5,000 before the year ends.
Shiba Inu (SHIB) Price Flashes Buy Signal
In a YouTube analysis video, market analyst Cantonese Cat said Shiba Inu (SHIB) could rally to a new peak soon. The analyst said that the last time this buy signal was triggered for the Shiba Inu coin was towards the beginning of July 2023. At the time, Shiba Inu (SHIB) fell in a range of $0.000007 and $0.000008.
Afterwards, the price of Shiba Iu (SHIB) skyrocketed to $0.000045, a 5x increase from the initial price at the buy signal. Based on the current buy signal, Cantonese Cat predicts that the Shiba Inu price could soar 30x to $0.00047. In the meantime, the value of the memecoin is consolidating between $0.000012 and $0.000022 on the monthly timeframe.
The Shiba Inu crypto is trading close to the 200-SMA at $0.00001819 and could surpass it in the next trading sessions. The Hull Moving Average (9) and Average Directional Index (14) display a buy signal and support this uptrend.
DTX Exchange (DTX) Gains Attention As Presale Growth Continues
DTX Exchange (DTX) is a new-generation hybrid exchange solution that has the potential to transform the existing trading sector. It will integrate the best of CEX and DEX to give investors access to low fees, fast transactions, and security. In addition, the platform presents nearly 120k assets for trading, thus overcoming the drawback of a few asset offerings seen in other exchanges.
DTX Exchange allows its users to trade stocks, bonds, cryptocurrencies, ETFs, CFDs, and more without even going through KYC checks. This connection to the $714.7 trillion OTC derivatives market is one of the reasons why experts are more bullish about DTX than other exchanges. Moreover, DTX Exchange has a simple and easy-to-navigate layout which has largely propelled the platform, amassing a user base of 23k in a short time.
As of now, the DTX token is in the third phase of its presale and goes for $0.06. According to analysts, the value of the DeFi coin can increase by 1,000% before the end of Q4. Also, the amount raised is expected to reach $5 million in October from over $3.8 million raised.
Final Thoughts
With the recent recovery in the market, all eyes are on DTX Exchange. Investors are bullish about its potential as a future market player and believe it is the next big opportunity in the crypto market. Analysts have even tagged it the best cryptocurrency to buy over Ethereum (ETH) and Shiba Inu (SHIB) due to its connection to the OTC derivatives market.
Learn more:
Buy Presale | Visit DTX Website | Join The DTX Community
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