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Despite the wider crypto market’s underperformance, the ICO block is heating up. DTX Exchange (DTX), an emerging cryptocurrency at the intersection of DeFi and TradFi, leads this charge, selling out fast in presale.
Over $14.6 million has been raised in funding in record time and all the ICO stages have been completed. Currently in the bonus presale round and its launch date around the corner, a huge leap is anticipated post-launch, making it more appealing than the Shiba Inu coin and Solana coin—one of the best cryptos to buy.
DTX Exchange (DTX) continues to stir up quite a buzz in both the ICO world and the broader crypto market. Its performance these past few weeks has been explosive—an 800% upswing. It skyrocketed from $0.02 in the first ICO round to $0.18 in the bonus round, making it one of the best bets this cycle.
However, its run has yet to begin. Industry experts predict a 55x jump in value after its debut on Tier-1 exchanges, scheduled for this quarter. At the current price, it is believed to be a steal—massively undervalued than the Solana coin and Shiba Inu coin.
Given the above, it might be the best presale to invest in this year; it is already pre-listed on CoinMarketCap and has over 600,000 holders. Its solid fundamentals—a blend of DEX and CEX—also contribute to the rising interest. It will be the first hybrid trading platform to offer thousands of asset classes, from a wide range of cryptocurrencies to stocks, ETFs and forex. With adoption imminent, it is a new DeFi project to watch out for.
The Shiba Inu coin price hovers around $0.000016, consolidating on the weekly chart. However, on the monthly chart, it is down over 30%, sparking concerns. Hence, sentiment is mixed—some analysts are bullish while others are cautious.
CW8900, a popular analyst on X, predicts $0.0000225 as the next sell wall for the Shiba Inu coin; their short-term SHIB price target is $0.00004. Meanwhile, Emylyandreza, another crypto analyst, suggests the Shiba Inu coin might drop to $0.000015.
However, the MACD Level—a key bullish indicator—suggests a bounce in the Shiba Inu coin price. Despite this, it might not be the best crypto to invest in this year because of its large market size. In contrast, DTX Exchange (DTX), a new altcoin, has a small market cap and plenty of room to run.
The Solana coin price started the week with a dip, falling below $190. Recent price actions have been underwhelming, mirroring broader bearish sentiment. However, a bounce might come sooner than expected, making it one of the altcoins to watch.
Moreover, key technical indicators, notably the Solana price trading above the 200-SMA, suggest an impending breakout above $200. At the same time, analysts are bullish on the Solana coin, positioning it among the best altcoins to buy this cycle.
Kyren, a top analyst and trader, predicts the Solana coin might hit $500 this year. IZA, another leading expert bullish on the Solana coin, anticipates an upswing toward $720 this cycle. Despite this, SOL’s upside potential is limited due to its large market cap. Instead, savvy investors have been betting more on the DTX token.
The DTX Exchange (DTX) token has several advantages as a new cryptocurrency, notably its budget-friendliness and huge growth prospects. It has plenty of room to run, edging out the Solana coin and Shiba Inu coin with large market caps. Moreover, it stands at the crossroads between DeFi and TradFi, painting a bullish picture.
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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.
