After the last crypto market crash, the bulls are back in the crypto market as a result of information on the potential approval of Ethereum ETFs. In this process, a new altcoin, DTX Exchange, has cropped up to challenge two of the top memecoins, Shiba Inu and Dogecoin.
What you'll learn 👉
Shiba Inu (SHIB) Price Prediction
Since reaching its peak at $0.0000457 On 5th March, the Shiba Inu (SHIB) has formed lower lows and lower highs. The meme coin has been unable to hold and move past resistance levels at higher prices in the past month. In the short term, bulls could push SHIB to trade above $0.0000253, which may start a 25% rebound to levels at $0.0000315.
In a more bullish case, the Shiba Inu coin could move up in an effort to retest the $0.0000355 resistance. The technical analysis of the token also indicates this bullish price action. But, if the general trend in the market changes, then the price of the Shiba Inu coin may drop by 20% to the next support level which is at $0.0000160.
Top Analyst Predicts 30% Surge for Dogecoin (DOGE)
Dogecoin (DOGE) has not been keeping up with the rest of the crypto market over the past two weeks. However, analyst Kevin has optimistic sentiments that the OG dog-themed token could skyrocket in the near future.
Kevin noted that DOGE has formed an inverse head and shoulders pattern on the daily chart with the current range occurring at the neckline. He expects Dogecoin to start trending upwards in the next 2-3 days to $0.22. This would be a realignment of prices by 32% from the current Dogecoin price range. DOGE is floating around $0.1488 and $0.1716, a weekly increase of 6.4%.
What Makes DTX Exchange (DTX) A Top Contender of 2024
DTX Exchange (DTX) is a licensed crypto exchange created to provide the best trading services for users. It has a large number of advanced features and trading tools for users. In addition, the leverage provided in DTX Exchange for trading goes up to significantly, which can greatly increase the capacity and profitability of the traders.
One more advantage of the platform is the availability of a wide number of trading instruments; the number of available assets exceeds 120,000. Currently, traders can engage in cryptocurrency trading and the stock market, forex trading, trading in ETFs and bonds, and metals and energy like gold and oil.
This wide selection of assets enables the users to have diversified portfolios and also to make profits from different markets. These offerings place DTX Exchange top of the list of options that are available to the trader who wishes to trade in multiple assets and with high leverage.
To gain these functions and much more, the traders need DTX Exchange’s native token called $DTX, with a current value of $0.04. Experts have described it as the best crypto investment capable of rising from $0.04 to a peak of $2 this year. Buying DTX now also qualifies investors to partake in the recently announced $1 million giveaway from the team behind the project.
In Summary
Based on prospects, DTX Exchange is the cryptocurrency to compete with SHIB and DOGE. This is a good competitor because it is a hybrid exchange and is connected to more than just cryptocurrencies. Investors are already buying the utility coin of DTX Exchange, which is $DTX, even though the platform is still to launch.
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