The sharp decline in the prices of crypto assets this week caught most by surprise. Unsurprisingly, the meme ecosystem was hit the hardest as Shiba Inu (SHIB) and Dogecoin (DOGE) slumped. However, a bounce is unfolding, with the current market price good entries.
Meanwhile, experts are bullish on DTX Exchange (DTX). This new DeFi coin has been hailed as the next crypto unicorn for its innovative blend of decentralized principles with TradFi. Its hybrid trading platform will combine the key elements of CEX and DEX, set for massive adoption—a new DeFi project to watch out for.
DTX Exchange (DTX): The Next Crypto Unicorn
DTX Exchange (DTX) is a new project at the intersection between DeFi and TradFi. At this crossroads, it will build the first-ever hybrid trading platform that combines the best elements of centralized and decentralized exchanges. Unlike conventional platforms, it will offer users the best of both worlds—a crypto-native platform offering stocks and ETFs.
Given its solid fundamentals, savvy investors have been betting more on DTX over Dogecoin (DOGE) and Shiba Inu (SHIB). Moreover, in the last few months, it has exploded over 700%, from $0.02 to $0.16 in the eighth and final ICO round. Another 25% ROI is anticipated at the listing price of $0.20, with a 100x rally projected post-launch.
The above has sparked a retail and whale frenzy, pushing early funding past $13.4 million. Beyond the gains, the DTX platform will be a game changer, designed to cater to the evolving traders’ needs. At the heart of the ecosystem will be VulcanX, which will link traditional asset classes and Web3 products. With its launch date scheduled for Q1, it might be the biggest breakout star this year.
Shiba Inu (SHIB): 10% Weekly Decline
Shiba Inu (SHIB), the leading ETH memecoin, took a sharp downturn as prices nosedived. Despite an upswing on the daily chart, it is down over 10% in the past week, retailing above $0.000016. However, this might be the start of a big leap, supported by key technical indicators like the 9-HMA and the Commodity Channel Index (20).
Joyfuljairo123, a top analyst on X, believes Shiba Inu (SHIB) will soar 300% in the next 3 months if it breaks out of the falling wedge pattern—$0.000033 as the first price target. Another enthusiast and expert, Zoloshib, expects a rally up to $0.000027, which, upon breakout, might jump toward $0.000034 and $0.000048.
Despite this, the second-largest memecoin might not be the best crypto to invest in. Given its leading status, Shiba Inu (SHIB) has limited upside potential, dwarfed by the growth prospects of DTX Exchange (DTX).
Dogecoin (DOGE): Is a Breakout Close?
After the latest significant decline in price, Dogecoin (DOGE) is back on the upside, witnessing a bullish reversal. It is up over 15% on the daily chart, although downward in the weekly timeframe. It changes hands around $0.28, with a breakout above the next resistance imminent
This bullish outlook is supported by the Dogecoin price trading above the 200-EMA ($0.26) and 200-SMA ($0.22). At the same time, top analysts are optimistic. JumpnJackSlap, holding a bullish stance, believes DOGE might retest $0.40.
Sharing a similar sentiment, Trader__E, another trader and analyst, targets $0.44, although not ruling out the possibility of further downswings. However, as the first memecoin and a top ten cryptocurrency, Dogecoin (DOGE) doesn’t have similar growth prospects as DTX. The latter could soar as high as 100x this cycle, positioning it among the best cryptos to buy.
DTX Exchange (DTX): Outperforming Shiba Inu (SHIB) and Dogecoin (DOGE)
While memecoins are popular for their explosive growth, their dump is equally astounding. Following the latest market decline, Shiba Inu (SHIB) and Dogecoin (DOGE) were hit the hardest. Meanwhile, DTX Exchange (DTX) has exceeded expectations by reaching its final presale stage in record time. The projected 100x upswing makes it arguably the best new crypto to invest in.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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