With the global crypto market experiencing continuous success and prosperity, investor sentiment is shifting from speculative coins like Shiba Inu (SHIB) to high-growth utility coins. Although it has been an outperformer in the past, it has recently suffered losses due to the current sentiment shift.
Industry experts are pouring money into small-cap utility gems like DTX Exchange (DTX) that can become large-cap after their launch and generate a multi-fold return. Rapid developments in the DTX Exchange have been observed, pointing to its listing in the coming months.
Shiba Inu (SHIB) Expands Horizons: Partners With Chainlink for Multi-Chain Integration
Shiba Inu has formed a partnership with Chainlink, a blockchain oracle network. Through this collaboration, an initiative has been launched to transform SHIB, BONE, and LEASH into the Cross-Chain Token (CCT) standard tokens, granting them a moveable ability across 12 blockchains.
The partnering of these two organizations is expected to be the key to launching new DeFi applications and implementing cross-chain functionality, which is necessary further to extend Shiba Inu’s reach in the blockchain ecosystem.
Shibarium is an Ethereum-based platform designed to handle considerable amounts of transactions for little money quickly. The introduction of the CCT system was an ingenious move, as it means that the Shiba Inu ecosystem lets users make token transfers using a “lock-and-mint” mechanism that requires bridging on Ethereum and a “burn-and-mint” mechanism for tokens that have crossed Ethereum.
Despite this positive development, SHIB has dropped 21% in the last seven days and 20% in the last thirty days. It is trading above $0.000020, a major psychological support level that previously acted as a resistance level. Shiba Inu price volatility has decreased in the last four days; a breakout in either direction will decide the direction.
Courtesy: TradingView
The SHIB community is buzzing with excitement and optimism about the new partnership, which it sees as a potential boost for its price after a year of mostly flat performance. At the time of writing, SHIB is trading at $0.000021, down 0.48% in the past 24 hours. Also, the trading volume has dropped by 25.49% to $671.91 million, showing decreased interest in SHIB amid the downtrend.
DTX Exchange (DTX): The Fastest Growing Platform
With its top-notch blockchain technology and unique infrastructure, DTX Exchange (DTX) has become the fastest-growing platform in 2024. The recent launch of Phoenix Wallet skyrocketed the presale demand, pushing it above $10.5 million with over 300,000 addresses. Phoenix Wallet is a non-custodial wallet that provides a seamless transaction experience and advanced security to safeguard users’ funds.
DTX Exchange elevates the trading industry with its hybrid unified platform, which contains diverse assets such as equity, crypto, bonds, and ETFs. Its layer-1 blockchain offers lightning-fast execution speed, enabling traders to act immediately on market changes. The platform’s average execution speed is 0.04 seconds, among the industry’s highest.
This platform also offers remarkable features like 1,000x leverage, which lets traders create larger positions than fund availability, which increases their profitability. DTX Exchange offers algorithmic and quantitative trading tools to automate trading strategies and execute orders precisely, reducing human error.
Final Thoughts
Major meme coins like Shiba Inu have lost their shine to emerging trading exchange leader DTX Exchange. The DTX token is now listed on Coinmarketcap, showing its transparency and growth toward market listing. The platform offers innovation, strong risk management, and a wide range of assets to make trading smooth and enjoyable. Currently priced at $0.12, this newcomer presents a lucrative opportunity for over 3,000% gains a few months after the listing.
Find out more information about DTX Exchange (DTX) by visiting the links below:
