Just like all other investment options, the crypto market is capable of experiencing sudden changes in fortune and price fluctuations. Crypto investors, especially newbies, need to remember that what goes up can always come down. Many inexperienced investors forget it when the markets are bullish and surging.
This proved the case last week as markets dropped after cautionary comments by Federal Reserve Chair Jerome H. Powell after the FOMC meeting. Popular dog meme coin Shiba Inu (SHIB) experienced a deep drop along with most of the crypto market.
Retail investors were left fumbling to manage their portfolio holdings as traders shorted their long holdings to control their damages. This has led to increased interest in exploring sure gain options like DTX Exchange, which has sure and high returns. The proposed listing price of the DTX token is $0.20, but its current price is $0.12 for Stage 6, giving investors an 80% profit on listing alone.
Shiba Inu (SHIB): $0.00002 Holds Strong
Shiba Inu (SHIB) has also experienced a bearish performance since December 18. Shiba Inu experienced a price drop of over 20% last week when trading at the lowest of $0.000018. However, this proved a one-off, and its price rose to trade over the $0.000021 range.
Source: CoinMarketCap
Shiba Inu (SHIB) is one of the top altcoins to watch for quick performance once the markets recover. Analysts are optimistic about the altcoin’s possible recovery to new ATHs in the next few weeks.
Shiba Inu’s performance improved after the development of its crypto utility. To improve its technical processing capacity and decrease transaction costs on the Shiba Inu network, Shiba Inu recently launched its Layer-2 blockchain, Shibarium.
DTX Exchange: 500% Growth Increases Investor’s Confidence
DTX Exchange is becoming the go-to platform for crypto traders looking to add some stability and innovation, as it is known for its robust ecosystem and multi-asset integration. DTX Exchange has leveraged the bearish market to attract a growing investor base.
DTX Exchange offers an integrated trading platform for cryptocurrencies, stocks, and forex. It uses the Vulcan X blockchain to offer advanced DeFi tools. This network has shown an impressive transaction speed of 0.4 milliseconds and the capacity to process over 100,000 transactions per second. Another major plus for DTX is its Phoenix Wallet, which offers non-custodial, multi-asset storage. It is also going to launch an upcoming tokenization platform for real-world assets.
The platform’s focus on serving the users has bred community trust. With a loyal user base exceeding 200,000 and a successful ICO that has raised $10.5 million, DTX Exchange is an established and credible player in the crypto ecosystem. Its ongoing token presale, now in its sixth stage at $0.12, offers attractive incentives such as profit-sharing and governance rights, enticing both retail and institutional investors.
Conclusion
As SHIB faces a challenge in maintaining its price above critical support levels, traders look for more stable opportunities like DTX Exchange. Recent projections suggest that early investors in DTX could see returns of up to 321% as it gains traction in the market. The previous gains from the past few months prove a potential for more traction after its broader launch.
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Source: https://cryptodaily.co.uk/2024/12/hold-onto-sinking-shib-bags-or-rotate-into-this-viral-altcoin-that-can-pump-12100-in-23-days