The crypto market swung low but the worst might not have passed. Key technical indicators point to further downturns in Shiba Inu (SHIB) and Ripple (XRP) prices before a significant bounce.
Meanwhile, whale interest in DTX Exchange (DTX), an up-and-coming cryptocurrency, goes up a notch. This presale token is quickly becoming an investor favorite courtesy of its massive growth prospects and solid fundamentals—the world’s first hybrid exchange. As it approaches its launch, it might be one of the best performers this cycle.
DTX Exchange (DTX): New Exchange-Based Token at the Intersection of CEX and DEX
DTX Exchange (DTX), a new exchange-based token, is the latest sensation, capturing both whales and retailers’ interest. Its unique approach to trading—a hybrid exchange protocol—and massive growth prospects are some of its biggest attractions.
Its hybrid model combines the best elements of centralized and decentralized exchanges. Unlike conventional platforms, users will enjoy the benefits of centralization alongside decentralized principles like non-custodial storage of assets and wallet-based trading. Equally important, diverse asset classes can be traded on the platform, including stocks, ETFs, forex and cryptos.
Ahead of its estimated launch in Q1 2025, a series of projects have been launched for users, including the Phoenix Wallet and the VulcanX blockchain. Additionally, the DTX token has been listed on CoinMarketCap, with a token priced at $0.14 in the seventh ICO round. Given the projected 50x upswing after listing on Tier-1 exchanges, it is arguably the best new crypto to invest in, poised to overtake Shiba Inu (SHIB) and Ripple (XRP).
Shiba Inu (SHIB): A Pump or Further Dump?
Shiba Inu (SHIB), a top altcoin and meme, was one of the biggest losers during the market downswings. The Shiba Inu price tumbled over 10% in the past month, changing hands above $0.000021.
Unfortunately, the worst might not be over yet. The 14-day RSI data is at 39.02, hinting at further downturns. The 10-EMA and 10-SMA indicators suggest Shiba Inu (SHIB) might be overbought and primed for a retest of lower support levels.
However, Sopuru, a top crypto analyst, expects Shiba Inu (SHIB) to return to $0.00003 in the coming days. Further, they predict a retest of $0.00005 in the first quarter of 2025. Despite this, DTX Exchange is a more appealing option given its higher upside potential.
Ripple (XRP): Potential Decline Before Stronger Upswings
Ripple (XRP) swung low alongside the wider crypto market. It hovers around $0.21 and indicators like the MACD Level (12, 26) and the Average Directional Index (14) point toward more dumps. Further, the RSI data shows it might be overbought.
On the other hand, bullish technical indicators to watch are the 30-EMA and 50-EMA. Moreover, forecasts by Maxi, a top analyst, expect Ripple (XRP) to trade between $7 and $13, meaning short-term price fluctuations should be overlooked.
CaptainJackTurner, another expert, holds a more ambitious view, suggesting a run toward $20 and $30 this cycle—a top crypto to invest in. However, given its large market cap, its upside potential is limited compared to DTX Exchange’s staggering growth prospects.
DTX Exchange (DTX): A Top Whale Choice Ahead of Shiba Inu (SHIB) and Ripple (XRP)
DTX Exchange (DTX), a top ICO and one of 2024’s best presales after crossing $10.6 million in early funding, is on whales’ radars. Its significant growth prospects and solid fundamentals make it a favorite, contributing to the rising demand. Boasting higher upside potential than Shiba Inu (SHIB) and Ripple (XRP), this is a new DeFi project not to miss.
Find out more information about DTX Exchange (DTX) by visiting the links below:
