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Recently, Shiba Inu’s trading volume has been falling fast. Some experts think this could mean a big price surge is coming for a competitor to Dogecoin, which is DTX Exchange (DTX).
With trading volume dropping, the stage might be set for huge growth, possibly as much as 11,400%. In this article, we will discuss what this could mean for the future of this DOGE rival and whether it could see massive gains soon.
A crypto analyst called Trader Tardigrade recently talked about Dogecoin (DOGE) on their X account. They told their followers not to short or sell Dogecoin (DOGE) right now. According to their analysis, Dogecoin (DOGE) is currently testing the top of an ascending triangle. If it breaks through, they believe the price could go up to $0.95.
Another analyst, VipRoseTr, also has a positive outlook for Dogecoin (DOGE). They pointed out that the larger market charts show a strong bullish trend, and Dogecoin (DOGE) is lining up with key Fibonacci levels. VipRoseTr thinks the price might rise to $0.56943 soon.
Right now, Dogecoin (DOGE) has gone up by 3.0% over the past week. According to CoinMarketCap, the price is between $0.3306 and $0.3968. Since the start of 2025, Dogecoin (DOGE) has struggled to break the $0.4 resistance level.
Unlike meme coins that are mostly driven by hype, DTX Exchange is focused on real-world use. This new Layer-1 platform aims to bridge traditional finance with decentralized finance, creating a trading ecosystem for stocks, cryptocurrencies, and forex. The DTX Token, currently in presale for $0.14, presents a strong investment opportunity for those looking for growth potential.
The cryptocurrency market saw something unusual when the Shiba Inu (SHIB) burn rate jumped by 4,100% in just one day. Despite this huge increase in the number of tokens being burned, the price of Shiba Inu (SHIB) still faced pressure from the wider market.
A single transaction led to nearly 21 million Shiba Inu (SHIB) tokens being removed from circulation, which caused the big rise in the burn rate. This is one of the largest single-day burns in SHIB’s history.
Token burning is a process where Shiba Inu (SHIB) tokens are permanently taken out of circulation by sending them to wallets that no one can access. This is part of the strategy to control the supply of SHIB. After this burn, the total amount of tokens burned in the past week reached over 104 million, which is 86.58% more than the week before.
At the same time, whale activity (large holders of SHIB) also saw a big increase, with transactions jumping by more than 2,000%. Around $750 million worth of SHIB was traded in just 24 hours, indicating that big investors were making major changes to their portfolios.
DTX Exchange is different from other crypto projects because it combines features of both centralized exchanges (CEX) and decentralized exchanges (DEX). This hybrid platform connects traditional finance (TradFi) with decentralized finance (DeFi) and hopes to become a top altcoin in 2025.
Many utility tokens are controlled by big investors like venture capital firms. When these tokens are released, these investors often sell them off quickly, hurting regular investors. Traditional token launches also usually benefit large investors, which can lower the token's value.
DTX Exchange solves this problem with a fair launch system. During the presale, everyone has an equal chance to buy tokens. This helps avoid big sell-offs and allows the token price to grow steadily. It makes sure both small and large investors have a fair chance, creating a stable system. In its seventh presale round, DTX has raised an impressive $11.5 million.
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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 here.
