Crypto coin traders are always looking for new, revolutionary gems. According to some experts, one such gem is DTX Exchange (DTX). This altcoin was recently listed on CoinMarketCap, which has attracted the attention of millions of new traders. Meanwhile, it has already soared 500%—a percentage that will rise soon since phase six of its presale is ending.
This new token is seeing a huge bullish frenzy, with many experts saying that DTX would touch the $1 mark much faster than Shiba Inu (SHIB) or Dogecoin (DOGE). These meme coins are showing bleeding charts right now. Although experts like Shib Spain and Ali have made some bullish price predictions for them, people are looking at DTX instead.
DTX Exchange (DTX) is making a name for itself in the crypto space, just like Shiba Inu (SHIB) and Dogecoin (DOGE) did. This new exchange token will introduce a hybrid trading platform. On it, people will get access to over 120K asset classes, such as crypto coins, gold, and more, with up to 1000x leverage.
Recently, DTX Exchange launched the testnet for its VulcanX blockchain, which will enable all these features. It managed to reach a TPS of over 100K, which is a very good performance. Not only that but the native token of this exchange, DTX, was listed on CoinMarketCap. This is a good step forward, as countless new traders may set their eyes on it.
By holding DTX, traders will get governance voting rights and a percentage of the trading fee revenue made by DTX Exchange. For these reasons, its crypto ICO event has raised over $10M so far. Currently, one DTX costs just $0.12 in phase six of its presale - a 500% rise from its starting price of $0.02. However, a top-tier crypto exchange like Uniswap listing this token is expected to trigger a rally to $0.20. This could make all those who buy DTX now 66% richer.
Shiba Inu (SHIB) is one of the meme coin titans that has faced some challenges recently. Over the past 30 days, its value fell nearly 20% as per CoinMarketCap. During that period, this meme coin saw a drop from around $0.000027 to nearly $0.000021.
However, crypto analyst Shib Spain made a bullish Shiba Inu price prediction. According to his recent X post, this meme coin needs to hold its support level of $0.000020. If it does this, it may soon see a massive pump past $0.000040.
Although Shiba Inu (SHIB) may see a price increase soon, its market cap is $12B. In other words, this meme coin will need a lot of new money for its price to skyrocket. Therefore, many traders are instead sidestepping the Shiba Inu crypto for DTX Exchange.
Dogecoin (DOGE) is another powerful force in the meme coin market. But, it has seen some red price charts recently. According to CoinMarketCap, the Dogecoin price dropped from around $0.50 to nearly $0.30 on the weekly chart, over a 30% fall.
Market expert Ali thinks that this movement mirrors the 2017 parabolic run, which saw Dogecoin (DOGE) soar over 12,000%. In his X post, he said that if history repeats itself, another parabolic rally is on the way.
Although this Dogecoin price prediction has excited traders, other experts are more conservative. They think that since the Dogecoin crypto surged nearly 250% on the YTD chart, its highest upswings may have passed. Therefore, they are focusing more on the DTX Exchange.
Even though Shiba Inu (SHIB) and Dogecoin (DOGE) are going through some turbulence right now, their strong community backing may soon lead to some price gains. However, experts think DTX Exchange (DTX) will rise faster than them. This altcoin will have utility, a smaller market cap, and ties to trillion-dollar markets like the $18T gold one. Therefore, it would need less money for its price to skyrocket - potentially reaching $1 faster than SHIB or DOGE.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.