While current market conditions might be cautious, a big leap is close. However, the crypto market might plunge further before the next jump, with fears growing around Shiba Inu (SHIB) adding a zero amid underwhelming performance.
On the other hand, whales have been buying the Ethereum (ETH) dip; the leading altcoin is set for a complete bullish reversal. At the same time, the new ERC-20 token that intersects with TradFi, DTX Exchange (DTX), is also on whales’ radars. The projected 7,500% upswing after Tier-1 exchange listings makes it a new DeFi project worth betting on.
DTX Exchange (DTX): Eyes on Explosive Debut
DTX Exchange (DTX), the latest on whales’ radars, is a new altcoin at the crossroads between decentralized and traditional finance. Its unique narrative is a blend of DeFi and TradFi and the first crypto-native platform to offer conventional financial instruments.
Further, as a hybrid trading platform, it will combine the best elements of centralized and decentralized exchanges. By doing so, it will address critical challenges like financial inclusion, global inaccessibility to markets and low liquidity. Some of its key features will include distributed liquidity pools, wallet-based trading and non-custodial storage solutions.
Ahead of its scheduled listing on Tier-1 exchanges like Uniswap and Binance in Q1, early funding has crossed $13.1 million. Moreover, it also skyrocketed 700% in the past few months, soaring from $0.02 to $0.16 in the eighth and final round of the presale, highlighting huge interest. Tipped for a 7,500% jump in value post-launch, it might be a more compelling alternative than Shiba Inu (SHIB) and Ethereum (ETH)—one of the best altcoins to invest in.
Shiba Inu (SHIB): Can the Price Add a Zero?
Shiba Inu (SHIB), the leading dog-themed memecoin on the Ethereum blockchain, has had a disappointing run in the past few weeks. It retails around $0.0000188, down 5% in the past week and 15% on the weekly chart. Losing the $0.000010 support will spark a cascading selloff, potentially adding a zero to its price.
While broader sentiment suggest a bullish reversal, key technical indicators like the MACD Level (12, 26) and 20-VWMA signal a possible downswing. On the other hand, the 9-HMA and Commodity Channel Index (20) are bullish indicators suggesting a Shiba Inu bounce—a top crypto to invest in.
At the same time, some analysts are optimistic. CW8900, a crypto trader and analyst, has a short-term price target of $0.00004. Meanwhile, army_shiba, another popular analyst and enthusiast on X, believes a double bottom on the chart might send Shiba Inu (SHIB) toward $0.00003. However, as a new altcoin with plenty of room to run, DTX might be a better bet this cycle.
Ethereum (ETH): Whales Buy the Dip
Ethereum (ETH), like the rest of the crypto market, swung low this week. It retested $3,000, although a comeback seems to be unfolding as whales buy the dip. Its next stop might be a retest of $3,400 before reclaiming $3,700, its month-high.
Naman J, a top crypto analyst, expects Ethereum (ETH) to range between $4,000 and $5,000—surpassing its current all-time high. Another enthusiast and analyst, Nostalgic_LSD, anticipates a surge between $9,000 and $12,000 this cycle, positioning it among the best cryptos to invest in.
Moreover, the Ethereum price hovering above the 200-EMA ($3,136) and 200-SMA ($2,989) are bullish indicators. Despite this, ETH’s upside potential is limited considering previous rallies and growth. In contrast, this will be DTX Exchange’s first bull market, boasting plenty of room to run.
DTX Exchange (DTX): A More Compelling Alternative Than Shiba Inu (SHIB) and Ethereum (ETH)
The new DeFi-TradFi token DTX Exchange (DTX) is arguably the best new crypto to invest in. It checks most of the boxes, from a bullish narrative to huge growth prospects as a low-cap gem. Moreover, it is poised to reshape the $3.2 billion global trading market, painting a bullish picture and positioning it as a better bet than Ethereum (ETH) and Shiba Inu (SHIB).
Find out more information about DTX Exchange (DTX) by visiting the links below: