In past bull rallies, Shiba Inu (SHIB) and PEPE enthralled the crypto community with their explosive moves, making early investors wealthy from small investments. While the meme coin hype is slowing down, the new utility token DTX Exchange (DTX) has grabbed the attention of expert investors.
In the token presale, DTX Exchange has pulled 525,400 investors, raising over $13.50 million. As optimism for Shiba Inu and PEPE price revival hangs among its devoted audience, DTX Exchange is leading the race with innovation and high growth.
PEPE Sees November’s Exponential Gains Wiped off
With the third largest market cap in the memecoin sector, PEPE has been one of the investors’ favorite meme coins. However, price movements in PEPE have been extremely bearish, with President Donald Trump enforcing tariffs. From the breakout on 6th November, it increased 206%, but due to a recent mini-crash, the coin lost all its gains, falling to $0.00000796.
Courtesy: TradingView
PEPE’s daily chart shows that it might see gains if it pushes well above the $0.000012 resistance. If it closes below $0.000009, bearish pressure can lower the price to $0.000007. The Relative Strength Index (RSI) for PEPE is at 31 and slightly trending upward, signaling that the price is near the oversold region and could attempt a reversal from the base.
Shiba Inu Burn Rate Dips Sharply
Shiba Inu’s burn rate has dropped by 85% in the last 24 hours, with over 2.56 million SHIBs permanently removed from circulation. As of now, the total burned supply stands at 410.74 trillion SHIB, while the maximum supply remains at 999.98 trillion SHIB. The circulating supply is currently 589.25 trillion SHIB. Currently, Shiba Inu is trading at $0.0000158, with a decline of 3.35% in the last 24 hours. Also, with the drop-in burn rate, the trading volume has also dropped by 46%.
Recently, in a major development, the UAE’s Ministry of Energy and Infrastructure (MOEI) announced a partnership with Shiba Inu to develop Web3 solutions for energy, infrastructure, and other sectors. Through this collaboration, the ministry plans to use Shiba Inu’s Web3 technologies to improve public service efficiency.
DTX Exchange: Transforming Global Trading Landscape
DTX Exchange (DTX) is generating waves in the global trading arena and is becoming an increasingly popular project. With its first-ever multi-asset trading platform, it is revolutionizing asset management. DTX Exchange’s presale success is evidence of its massive appeal among crypto enthusiasts. Over 320 million tokens have been sold in its token presale, and $13,525,357.20 million has been raised.
Due to its unique hybrid model, DTX Exchange allows users to trade over 120,000 asset classes on a single platform, including crypto coins, forex, gold, and stocks. Additionally, it is ideal for privacy-conscious traders, as KYC verification is not required during onboarding.
The proprietary VulcanX Layer-1 blockchain is the backbone of the DTX ecosystem and is designed for high-speed and secure trading. During the testnet launch, the blockchain achieved an incredible speed of 200,000 transactions per second (TPS). Another astonishing feature of the platform is the non-custodial Phoenix Wallet. The wallet’s app was recently launched, and over 700,000 users have already downloaded it.
DTX Exchange is in the stage where Shiba Inu was in its early days. If DTX reaches SHIB’s valuation, its token price will rise to $20, a surge of a massive 12,400% from the current price of $0.16.
Key Takeaways
Although Shiba Inu and PEPE have performed exceptionally in the past, DTX Exchange stands out as a future leader. This project is strategically positioning itself to capitalize on the growth of the online trading market and emerge as a prominent player in the sector. Now is the perfect moment to join the project as the presale stage is about to end, and investors will not have another opportunity to benefit from the current price.
Find out more information about DTX Exchange (DTX) by visiting the links below:
