Since Shiba Inu (SHIB) secured its Coinbase spot listing, the crypto market has been on the search for the next token to be listed. All signs are pointing to DTX Exchange as a strong contender as analysts draw parallels between DTX’s and SHIB’s price movement.
In this article, we will explore the factors contributing to this bullish momentum and discuss why you should capitalize on this investment opportunity!
Since the price of Shiba Inu started rising, the memecoin has been receiving much attention from the whales. New data from IntoTheBlock presents that from May 20 big transactions of SHIB increased by 98% in a single day which is evidence of active interest from these whales.
Additionally, over 1.67 trillion SHIB tokens, worth about $41 million, have been taken off exchanges in the past 24 hours, according to crypto analyst Ali Martinez. As a result of this increase in whales interested in SHIB, its price has surged over the past month by 31%, trading at a current price of $0.00002396.
Recent technical analysis suggests that Shiba Inu is forming a pattern that could lead to a price breakout. If SHIB closes above $0.000026, it could rise by 13% to the next level of $0.000030. If it breaks this barrier, there is potential for an additional 25% increase, targeting $0.000038.
Having already collected over $8 million in its ongoing presale, it is easy to understand why DTX’s possible inclusion in the list of assets to be listed on the Coinbase exchange has been a subject of discussion. Investors are particularly excited as DTX's price trajectory mirrors that of Shiba Inu prior to its own Coinbase listing, prompting many to participate in the current public presale.
Currently priced at just $0.10 in the presale, analysts deem DTX token highly undervalued, presenting a golden opportunity for retail investors eager to take advantage of the next wave of growth.
Asides its imminent Coinbase listing, DTX Exchange supports cross-chain trading, which enlarges the type of assets that can be traded by the traders. This distinct feature creates the opportunity for the users to interact with a wide variety of cryptocurrencies and tokenized assets, and therefore help users construct a proper diversified investment portfolio.
Another attractive element of DTX Exchange is performance. Designed for extremely high trading volume without sacrificing performance, the platform is capable of managing market pressure. This potential places it well to address the needs of both the small and large traders in the market.
Moreover, DTX Exchange operates without geographic and financial restrictions, which contribute to participation in the cryptocurrency market. It also provides adequate support towards making trading possible for as many people as possible with an internet connection, allowing millions to easily navigate the world's financial system.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. 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. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.