In the market correction, the memecoin sector has taken a big hit, and Shiba Inu (SHIB) is one of the top losers. SHIB has fallen nearly 50% from the December high, and now analysts are discussing whether it can make a comeback. Due to this strong sell-off, memecoin whales have already shifted into potential altcoins like DTX Exchange (DTX) and Ripple (XRP).
Due to recent political changes and the resignation of SEC chairman Gary Gensler, Ripple (XRP) has reached a new all-time high. Analysts say that further regulatory ease for Ripple could push the XRP price even higher.
Meanwhile, DTX Exchange has seen a significant capital influx as it proceeds to list on major exchanges in March of this year. This final-phase presale star has surged over 700% and raised over $12.95 million in just a few months due to its strong fundamentals and unparalleled growth. Experts suggest a potential 20x surge ahead for this crypto coin in 2025.
Red Alert As Shiba Inu (SHIB) Breaks Major Support
Shiba Inu (SHIB) continues to face selling pressure and is underperforming compared to other meme coins. The price recently dropped to $0.00001727, marking its lowest level since November 6. Last week’s Shiba Inu (SHIB) decline broke a long-term ascending trendline, which had previously acted as the strong support. This breakdown signals a bearish trend that could persist for several months.
Courtesy: TradingView
Despite this, Shiba Inu (SHIB) burn rate has surged by 360% in the past 24 hours, permanently removing millions of SHIB tokens from circulation. The burning mechanism aims to create scarcity and boost Shiba Inu (SHIB) value over time by reducing the supply. However, despite these efforts, the Shiba Inu (SHIB) price has remained on a downward trajectory. According to Shibburn, 5,573,943 SHIB tokens were destroyed within the last day.
XRP Price At Retest, Recovery Soon?
After trading in a tight flag pattern for 10 days, the XRP price has given a breakdown, dropping to a low of $2.65. This breakdown saw a buying recovery from the previous breakout zone of $2.80. The XRP price is still trading above the 50-period moving average, which shows that its short-term direction is positive. With the top cryptocurrencies experiencing a strong bearish outlook, the Ripple XRP price holds above $2.65 support.
If the XRP price gains bullish momentum from here, it could retest the resistance level of $3. If the bearish momentum persists, the XRP price could see a decline to $2.50. In the coming months, the Ripple vs SEC case will be a major decider for the XRP price. If the ruling comes in Ripple’s favor, we could see it achieving the $5 target.
DTX Exchange (DTX): Final ICO Stage
Based on novel hybrid blockchain technology, DTX Exchange has created a stir in the crypto market. It offers unmatched features and diverse access, making it the perfect platform for traders. Unlike traditional exchanges, it will provide the best features of centralized and decentralized exchanges in its unified platform.
With multi-assets trading in over 120,000 asset classes such as crypto, forex, and stocks, DTX provides revolutionary features like 1,000x leverage, a non-custodial wallet, advanced AI analytics, distributed liquidity pools, a passive income generation model, and a user-friendly interface.
With over 400K users already onboarded, the demand for the project is crystal clear. The token ICO is concluding ahead of schedule because of the robust demand. In the last phase of the presale, the DTX token is trading at just $0.16.
Early investors have already received 700% ROI and expect a 2,000% gain after the launch. The altcoin has plenty of room for growth, making it a compelling investment alternative to top crypto like Ripple and Shiba Inu (SHIB).
Find out more information about DTX Exchange (DTX) by visiting the links below:
Buy Presale
Visit DTX Website
Join The DTX Community
Source: https://cryptodaily.co.uk/2025/01/shiba-inu-rise-to-new-highs-possible-this-year-expert-advises-switch-to-xrp-and-viral-016-altcoin