While the crypto market awaits the next big move, DTX Exchange is the one that has been making headlines with its 800% price increase. As Ethereum and Shiba Inu remain the center of attention, a new generation of investors is turning its attention to this innovative DeFi project.Â
DTX Exchange (DTX) is gaining popularity in the crypto space for being the bridge between TradFi and DeFi. With support for over 120,000 assets, DTX has already been tagged as the next big thing in the crypto space by investors. Its price could rise by 10x soon.
Ethereum (ETH) Attempts To Cross Key Resistance
The Ethereum coin has failed to reclaim the $3k level in the past few weeks. The altcoin which is the second largest in the crypto space has been trading in a narrow range. The ETH price has been consolidating around the $2k region with little potential for growth. Meanwhile, the ETH price started another uptrend this week.Â
CoinMarketCap showed the ETH price rallied to the $2.7k region and could break the $2.9k barrier if the bulls hold their position. According to CryptoGoos, the ETH price has formed a double-bottom pattern which is known as a bullish signal. The analyst expects the ETH price to soar to $8k in the coming weeks. Meanwhile, another analyst called Ted took his ETH price forecast higher.Â
According to him, the ETH price could trade above the $10k range. He mentioned some factors like the adoption of the Ethereum ETF and high TVL as catalysts that could propel the ETH token to a new price level.Â
Can Shiba Inu (SHIB) Mirror Past Performance
Despite being a memecoin, the Shiba Inu crypto was one of those that skyrocketed to a new peak in 2021. Unfortunately, the SHIB price has been on a downtrend since then. Its price has declined by 2.9% on the weekly timeframe and 26.9% on the monthly level. CoinMarketCap data indicates the SHIB price is consolidating between $0.00001492 and $0.00001712 on the weekly timeframe.Â
Nevertheless, the bearish SHIB price movement has not deterred analysts. One of them is Raven Cartel. They forecast the SHIB price might pump to $0.00006 in the next few days. Another analyst called CW on X posted a similar SHIB price prediction recently. They said the SHIB price might rise to $0.00006 in the coming weeks.Â
In the meantime, the SHIB price is at a crossroads. The Fear and Greed Index shows that investors are not interested in the Shiba Inu coin due to its recent correction. To break out, the SHIB price must cross the $0.00001661 resistance in the coming weeks.Â
DTX Exchange (DTX) is Bridging the Gap Between DeFi and TradFi
DTX Exchange (DTX) is a project that seeks to disrupt the crypto space by being the bridge between traditional finance and the DeFi market. This revolutionary trading platform based on the new Layer-1 blockchain called VulcanX allows users to access over 120,000 products, including cryptocurrencies, equities, commodities, and bonds.
Prepare for the quickest race possible. DTX Exchange has an amazing TPS of 200,000 in the testnet so that traders can capture temporary market opportunities as if it is a flash. This is not about who is faster, but it is about the balance between exchange liquidity in the central exchange and the exchange security in the decentralized exchange.Â
Traders get the benefits of centralized exchanges with the liberty and ownership only decentralized storage can offer. The market has taken notice. DTX Exchange has been attracting investors’ attention, having attracted over $14.8 million during the token presale. The DeFi coin is now at $0.18, which is a favorable low entry point for any wise investor.
DTX Exchange Transforms Trading, Rises As Best Crypto To Buy
While Ethereum and Shiba Inu are facing competition in the market, DTX Exchange is set to be the next big thing. Investors who key into its idea now could see huge gains in their portfolios in the future.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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