The intersection of memes and cryptocurrency, popularly called memecoins, is among the hottest narratives. Proving not to be a passing fad, Dogecoin (DOGE) and Shiba Inu (SHIB) lead the charge. However, one of the many criticisms against memecoins is their lack of real-world applications; their growth is largely driven by hype.
Meanwhile, an innovative project stirring up much buzz is DTX Exchange (DTX). Its hybrid Layer-1 blockchain has stolen the spotlight from top memes, with investors in a frenzy to become early adopters.
DTX Exchange (DTX) is a utility-backed cryptocurrency with tangible real-world applications. Its appeal revolves around a hybrid Layer-1 blockchain that incorporates traditional financial instruments with cryptocurrencies. Further, it combines the best elements of CEX and DEX, topping memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB).
Unlike conventional trading platforms, DTX will serve as a bridge between TradFi and DeFi. Users will have access to thousands of asset classes across stocks, ETFs, commodities, bonds, cryptocurrencies and tokenized financial instruments. Its 1,000x leverage will help users maximize gains, putting it at the forefront of the $3.2 billion global trading market.
With a token priced at $0.06 in the third round of the ICO, it is both budget-friendly and promising. Top analysts project a 70x rally after listing, with early funding already surpassing the $3.3 million mark. To make the most of Q4’s upswing, this is arguably the best crypto to invest in.
Dogecoin (DOGE), the top meme, was inspired by a dog. The dog-themed cryptocurrency rose into prominence in 2020, 7 years after its launch. Since then, it has risen to the ranks of the top altcoins, ranking among the top 10 cryptocurrencies.
It leads the memecoin movement and its recent performance has been nothing short of remarkable. Despite the initial bearish pressure in September, the Fed’s rate cut changed the market’s trajectory. The Dogecoin price rose 15% in the past 30 days. A 7% uptick has also been registered on the weekly charts.
With the much-anticipated Q4 unfolding, Dogecoin (DOGE) has been added to the list of the best coins to invest in. Its narrative as the first memecoin and low price set the stage for massive gains, not forgetting its vibrant community. According to experts, a jump above $1 this year isn’t out of the question.
Shiba Inu (SHIB) is the leading Ethereum memecoin and the largest after DOGE. It launched amid the rising adoption and growing popularity of memecoins, debuting in 2020. Today, it leads the ETH memecoin narrative.
Despite the volatile nature of memecoins, Shiba Inu (SHIB) has held strong. The past month was also bullish for the dog-themed crypto, shrugging off bearish pressure and resuming its uptrend. The Shiba Inu price recorded over 30% in gains on the monthly charts and 25% in the weekly timeframe.
It trades above the $0.000018 support, with one zero set to be erased. According to experts, SHIB will experience a new peak during this bull run, placing it among the best cryptos to invest in.
In the debate between memes and innovation, the latter’s long-term viability makes it a top pick. DTX Exchange (DTX), a novel hybrid Layer-1 blockchain, bridges the gap between TradFi and DeFi, boasting tangible applications ahead of Dogecoin (DOGE) and Shiba Inu (SHIB). With adoption imminent, this is a new DeFi project to bet on.
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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.