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Despite the ongoing downtrend in the crypto market, large investors have been increasing their holdings. Fidelity recently bought over $49.75 million worth of Ethereum (ETH) joining the likes of World Liberty Financial.
Apart from ETH, another altcoin that has caught whales' attention is DTX Exchange (DTX). This DeFi project has raised over $13.5 million in funding and raised 550,000 users. Its price is expected to rise by 10x in 2025. Meanwhile, Javon Marks forecasts the price of Shiba Inu (SHIB) might rally to $0.000081.
One of the top memecoins that analysts are looking at right now is Shiba Inu (SHIB). They believe the memecoin might have bottomed out and could experience a massive rally soon. Javon Marks predicts the price of the Shiba Inu coin might pump to $0.000081 despite its current sideways movement.
If SHIB reaches its target, the analyst says the cryptocurrency's value could soar to $0.0001553. In the meantime, the Shiba Inu price has been consolidating between $0.00001284 and $0.00001959 on the weekly timeframe. Despite the memecoin's latest uptrend after hitting a weekly low of $0.00001284, it remains bearish on the charts.
CoinMarketCap data indicates the value of the Shiba Inu token has dropped by 10.4% and 32.1% on the weekly and monthly levels. Meanwhile, Shiba Inu's relative strength index has left the oversold region in the neutral region. The rising movement shows that bulls are attempting to force a price rally.
According to reports from Whale Insider, Fidelity, one of the top investment firms, purchased $49.75 million worth of Ethereum (ETH) on February 4. This large accumulation comes as institutional entities show huge interest in cryptocurrencies. Donald Trump's World Liberty Finance also bought 1,826 ETH.
The huge purchases come despite the bearish sentiment surrounding the Ethereum coin. Data from CoinMarketCap shows the price of the altcoin has plummeted by 11.9% in the last seven days. Meanwhile, the Ethereum token attempted to reclaim the $3k level but faced huge resistance around $2.8k. Nevertheless, analysts remain optimistic about the future.
BlockchainTim told his followers in a recent tweet that the Ethereum crypto is ready for a massive upside. According to him, ETH is following Bitcoin's 2020/2021 pattern before its value skyrocketed. BlockchainTim says the price of Ethereum might jump to $8k after the re-accumulation phase ends.
DTX Exchange (DTX) is one of the most promising blockchain ICO projects in the market now. It has already attracted more than $13.5 million in investments. This has made the platform to be among the most promising DeFi projects in the market. With such growth, DTX's price could increase by 10x due to its innovative trading platform and increasing popularity.
This revolution is anchored on the DTX token, which provides traders with lower transaction fees, better trading tools, and voting rights in the future evolution of the platform. Meanwhile, DTX Exchange's VulcanX blockchain has a transaction speed of more than 100,000 TPS. This unmatched efficiency helps traders to make decisions in real time, which is a key advantage in volatile markets.
However, what makes DTX unique is that it is a combination of both CEX and DEX platforms. It provides 120,000+ trading pairs of cryptocurrencies, stocks, indices, and ETFs and up to 1000:1 leverage that is suitable for professional traders who are willing to take high risks for high rewards. You can join in for only $0.16 before the price skyrockets.
Whales have shown huge interest in Ethereum (ETH) and DTX Exchange. They believe their prices could skyrocket in the coming months. Meanwhile, DTX Exchange is a trading platform with a lot of potential for growth. As the world turns to DeFi, new projects like DTX Exchange have emerged as a popular name among investors.
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