Mid of August opens new avenues for the crypto market as altcoins resume to recover and regain momentum after a prolonged bearish cycle. Shiba Inu (SHIB) and AAVE are among the ERC-20 tokens that have shown some progress. However, the hybrid platform DTX Exchange has wiped out both the altcoins with its cutting-edge L1 blockchain technology.
Shiba Inu (SHIB) 24-Hour Trading Volume Dips By $8.8 Million
Shiba Inu (SHIB) has recently been hit by a major dip, causing the altcoin to decline by a massive 650 billion SHIB in 24 hours. According to data from CoinMarketCap, Shiba Inu (SHIB) has faced this massive decline after whales withdrew their assets and moved towards other altcoin alternatives to diversify their portfolio.
The decreasing value of Shiba Inu (SHIB) raises concerns for its future performance as investors move out, given the current trend of the asset. Shiba Inu (SHIB) is trading at $0.000013 as of today with a sluggish improvement in its trading performance over the past week.
The future outlook for Shiba Inu (SHIB) does not appear very appealing, as it experienced a sharp fall from a 7-day peak to its current low level. Shiba Inu (SHIB) currently holds an $8 billion market cap that has dipped by $2% and a 24-hour trading volume of $174.52M, showing a slight recovery with a 9.26% surge.
AAVE Is On Fire: Soars By 9% In 24 Hours
AAVE has benefited from the market’s recovery with huge margins. Its daily trading volume has increased by a staggering 78% to roughly $262 million. AAVE now owns a $1.57 billion market cap and is ranked 54th among the rest of the cryptocurrencies, displaying bullish sentiment.
As of today, AAVE is trading at $104.88 and has surged by 5% in the last 24 hours. Even though the project has shown decent performance in the last few days, it is still 84% behind its all-time high, which was $661.69 back on May 18, 2021. AAVE runs as a decentralized platform with over 12 blockchain networks and offers various other benefits to its users.
AAVE hosts smart contracts, fund distribution, collateral management, and fee assessment features to build a well-equipped and diverse trading community. Recently, AAVE has set a new record for weekly active borrowers. The platform exceeded over 40,000 active borrowers in a week, breaking its last record from late 2022.
DTX Exchange Becomes The Hot-selling Presale Of 2024
While AAVE and Shiba Inu (SHIB) do not display convincing performance sentiments, the hybrid trading platform DTX Exchange (DTX) dominates the status quo with its layer-1 cutting-edge blockchain technology. DTX allows its users to trade with over 120k+ assets across crypto, stocks & bonds, forex, and commodities.
This DeFi sensation enables traders to supercharge their trading potential with up to 1,000x leverage on select assets. With DTX Exchange, investors can amplify their gains while minimizing risks. The platform demands minimal capital, allowing traders to invest confidently and aim for high-margin profits.
In addition, its advanced infrastructure offers an all-inclusive reference material base within clicks. It contains simplified charts, graphs, and analytical tools to help the DTX community make the best possible decisions and stay ahead of the curve.
DTX Takes Over With Reduced Trading Fees And Premium Features
This DeFi platform has raised over $2,000,000 in a private seed round, followed by a record-breaking single-day raise of $100,000. Smashing such high-volume milestones has ranked DTX Exchange as one of the most trusted and viral exchanges in 2024, as it has sold over 11 million tokens to 8,000 unique holders and counting.
The DTX Exchange’s native token (DTX) is currently selling for $0.04 per token, which is anticipated to climb high and sell for $0.06 in the next round. This growing demand in DTX’s platform shows its widespread adoption and investor interest in the volatile market commonly known for its speculative nature.
As DTX gains momentum, its future outlook appears to easily outshine Shiba Inu (SHIB) and AAVE with huge margin, listing it as the market leader.
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