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The huge drop in the Shiba Inu price has pushed investors to turn their backs on the memecoin. SHIB is experiencing a backlash from memecoin enthusiasts as the attention diverts to DTX Exchange’s hybrid trading platform. DTX is growing popular among institutional investors with access to over 120,000 and is eyeing a massive 100x rally in February.
Shiba Inu is going through one of the major crashes in recent history that took place after a dramatic sell-off pattern among investors. This bearish sentiment developing in the Shiba Inu network has surged investors questioning SHIB’s reliability in long-term investment.
So far, SHIB has lost nearly 60% of its trading volume. This massive liquidation trend is making it nearly impossible for Shiba Inu to find solid support at current levels due to the growing selling pressure among memecoin investors.
As of 28 January, Shiba Inu is trading for $0.00002, with a 352.8 million trading volume and an $11.21 billion market cap. Analysts say SHIB is prone to more severe dips since it breached the 200-day EMA during the plunge. $0.000015 is the next major support level for Shiba Inu if the selling pressure doesn’t stop.
While the sudden high-volume offload caused panic among memecoin lovers out of nowhere, it’s safe to say that a potential price rebound for Shiba Inu is not out of the equation. Certain indicators point towards the fact that SHIB should be able to pull in high-volume transactions if it’s able to push back through the nearest support back to the $0.00002 level. This surprising turn of events is shifting investors to DTX Exchange’s bullish presale rally.
The mass SHIB offload in the memecoin sector is igniting renewed investor confidence for hybrid trading platforms like DTX Exchange. This Ethereum-built platform is quickly gaining traction for its insane trading features like distributed liquidity pools, up to 1,000X leverage, a non-custodial wallet, and no KYC restrictions.
Its high-leverage feature enables traders to upscale their gains while minimizing risks at the same time. DTX Exchange empowers users to control large positions with minimum capital, which can open doors to landing high-ticket profits. Be it an experienced investor or a learning newbie, the platform offers something for everyone, from assets to synths and derivatives.
DTX Exchange’s growing investor confidence is drawing high-volume buying patterns from memecoin whales after the recent SHIB price crash. Its presale milestone has gone over $13.1 million recently, with an additional $119,000 added by memecoin whales following the widespread SHIB disaster.
This hybrid platform is a lot more than just a trading hub; it offers the most advanced reference material at users’ fingertips. DTX features charts, graphs, and analytical tools that equip traders to make the best possible decisions while trading and stay ahead of the curve in the market. Analysts predict that DTX’s $0.16 token could soar to new highs with its ongoing presale excitement.
This platform is witnessing a rapid growth rate for its rapid speeds. DTX Exchange enables investors to seize opportunities in the blink of an eye, which ensures that they never miss a chance in the fast-paced crypto market. With an average execution speed of 0.04 seconds, traders have the power to book profits while their competitors are still in the line.
In summary, DTX Exchange is showing signs of becoming the next successful hybrid trading platform among investors, as Shiba Inu’s recent market crash has flipped the situation. Additionally, DTX Exchange has recently experienced a surge in new sign-ups following the massive offload from SHIB whales. The explosive rise in DTX's ongoing presale could trigger a potential rally in the near term.
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