With the global crypto market on a bullish track with a valuation of over $3 trillion, investor interest is shifting from high-growth meme coins like Shiba Inu (SHIB) and Pepecoin (PEPE). Both have given users huge short-term gains, but many investors have booked large losses.
Repeat Of SHIB From 2021? Experts Say This Time 5,500% Gains Will Come From Surprising Altcoin, Not PEPE
Shiba Inu (SHIB) and PEPE coins are in a consolidation stage as their prices decline. DTX Exchange is gaining more investor following as its presales soars.
Market experts usually advise new traders to avoid overexposure to these speculative crypto tokens and to diversify their holdings. However, meme coins are a lively crypto market with a strong social media presence and a cohesive community narrative. These continue to influence the trajectory of popular meme coins like Pepe and Shiba Inu.
As the anticipation grows, the market is waiting for meme coins to rise again. Amid this backdrop, attention is now turning to a trending DeFi crypto called DTX Exchange, which is currently trading at $0.12 per token.
Shiba Inu (SHIB) Trending Bearish In The Short-Term
Shiba Inu is among the top meme coins in the market but is currently going through a price consolidation. SHIB remains a leader in its sector and is adding new DeFi applications (dApps) to make its ecosystem richer in features and become a more utility-based offering.
The coin has lost over 6% in the past week, as its monthly gains dropped to just 2%. Community sentiment remains bullish, but the technical indicators do not support immediate upside performance. The daily Exponential Moving Average is at sell, while the Relative Strength Index is at neutral. This is a bearish combination of signals, matching the overall market trend of the meme coin.
PEPE Coin Investors Ready To Switch
Pepecoin (PEPE) has given its investors great gains over the past year, with a staggering 1676% increase. This achievement is now being dragged down as the coin has dropped over the past week, with around 9% losses.
The daily Exponential Moving Average gives a sell signal, while the Relative Strength Index is neutral. Reduction in market volume and market cap combine to make the current signals bearish. However, most experts are sure this is just a consolidation, as the technical support a long-term rise.
DTX Exchange (DTX): The Fastest Platform Around
DTX Exchange (DTX) is a promising new ICO with plenty of room for growth. In addition to its growth prospects, its future transformation of the crypto trading scene makes it a solid investment to hold on to. It merges elements of CEX and DEX and bridges the gap between TradFi and DeFi through its trading platform.
With investors moving away from meme coins, is a great option to add upside stability to a portfolio. Instead of taking unprofitable market risks with PEPE and SHIB, traders and investors have bought into the exchange platform for its unique features.
DTX Exchange incorporates a non-custodial wallet system that gives users autonomy over their assets. DTX Exchange can avoid security hiccups with its cold storage feature by eliminating the need for third-party custody.
Conclusion
DTX Exchange offers trading options with 1000x leverage to help new and experienced traders maximize their strategies. The platform also delivers fast trades, solid risk management, and a broad choice of assets to facilitate and enhance the best experience in crypto trading.
The DTX presale is in full swing after raising $10.4 million. Currently, DTX tokens are going for $0.12 each during the sixth presale stage, following an increase of over 500%. The project has taken advantage of the ongoing market rally to capture investors’ attention.
To know more about the DTX Exchange ecosystem, Check out:
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