Despite the many criticisms against memecoins, they have been at the forefront of this bull cycle. Shiba Inu (SHIB) is gaining momentum for its next move higher while Dogecoin (DOGE), the leading memecoin, crosses $0.4 and nears a breakout above the 2021 high.
Meanwhile, whales are betting on DTX Exchange (DTX), a new DeFi and exchange-based token. As a bridge between traditional and decentralized finance, DTX is poised for adoption and development – one of the new DeFi projects to watch.
DTX Exchange (DTX): whales pushed their funding beyond $8.2 million
DTX Exchange (DTX), a new DeFi token, is on whale watchlists. Its novelty as a blend of TradFi and DeFi while combining the best elements of CEX and DEX is at the heart of its appeal. Selling out quickly, DTX was hailed as the best presale of this quarter.
In the fifth round of the ICO, a token is undervalued at $0.10, providing weak entry. With over $8.2 million raised in seed funding, investors can’t get enough. Poised to explode post-launch, the projected 45x post-launch upside makes it one of the best coins to invest in.
Another driver of whale interest is the impending transformation of the $10 billion global trade market. Its hybrid trading platform will be one of a kind, as it will combine the best elements of CEX and DEX, rolled into one platform. From trading thousands of asset classes on a single wallet to storing funds without custody, it could eclipse top memes like Shiba Inu (SHIB) and Dogecoin (DOGE).
Shiba Inu (SHIB) gathers steam for its next jump
Shiba Inu (SHIB) is one of the most popular animal coins; its memetic appeal and economical nature make it a retail favorite. Shiba Inu price exploded over 25% on the monthly chart, trading above $0.000024. Although it is trading lower on shorter time frames, experts believe it is anticipating its next rise.
Meanwhile, technical indicators such as MACD level (12.26), 20-SMA and 20-EMA are buy signals, suggesting future upside. Industry experts also predict a price rally, putting Shiba Inu on the list of altcoins to watch.
Crypto investor and analyst Armando Pantoja believes support at $0.000020 could force a strong rally, perhaps a jump towards $0.0001. Meanwhile, SHIB enthusiast ShibSpain suggests that memecoin will surpass $0.00005 in the coming weeks, positioning it among the best cryptos to invest in.
Dogecoin (DOGE) crossed $0.4
Dogecoin (DOGE), popularly known as the OG of memes, is among the top altcoins. On the upside, Dogecoin price has surpassed $0.4, registering an increase of over 150% in the last 30 days. Headed for a jump above its all-time high of $0.73 in 2021, this is a promising wave not to be missed.
Key indicators such as DOGE price above 20-VWMA ($0.31) and 9-HMA ($0.38) are bullish signals. Bulls maintaining strong support above $0.4 will likely push Dogecoin (DOGE) into price discovery, making it crucial.
Buzzing with optimism, experts share their positive price outlook. Discobear, a crypto investor, believes that a new ATH is a matter of time if the price holds above $0.4, with a target of $0.50. Meanwhile, Taderick believes that a jump above the recent high of $0.43 could push it towards $0.62.
Can DTX Exchange (DTX) challenge the dominance of Shiba Inu (SHIB) and Dogecoin (DOGE) memes?
DTX Exchange (DTX) is a new ICO and DeFi token that is preparing to shake up the crypto world. Its intersection with TradFi and its new hybrid trading platform paints an optimistic picture. With adoption, it’s a matter of when, not if, it’s ready to challenge the meme dominance of Shiba Inu (SHIB) and Dogecoin (DOGE).
Learn more:
Buy in presale
Visit the DTX website
Join the DTX community
