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The post Memecoin Alert: Can Shiba Inu Holders Save SHIB From Dipping Below $0.00002? Experts List Alternate Cryptos appeared first on Coinpedia Fintech News
Shiba Inu (SHIB) is hovering around a critical price point of $0.00002, a key resistant level that SHIB has struggled to breach multiple times in the past. Earlier in October 2024, SHIB was predicted to reach an approximate of $0.00004020 on October 5, 2024. However, despite the prediction, the price didn’t sustain above that level for long. Now, the $0.00002 price level calls for the consideration of alternative projects like DTX Exchange, which has already given traders gains of over 440% in the past few months.
SHIB Seems To Be On a Downward Spiral Amidst Other Alternate Cryptos Like DTX Exchange
SHIB reached its all-time high of approximately $0.000084 in late 2021. Ever since, it hasn’t sustained impressive price points for traders. There’s been a downward trajectory, with prices falling around $0.000018. The turn of events seemed to be temporary at first, but even with the increase in whale transactions of up to 240%, there hasn’t been any sustained upward momentum. This begs the question: Will investing in alternate cryptos like Fantom (FTM) or DTX yield better returns than waiting on a price change?
Based on the current market sentiment and adoption trends, investing in alternate cryptos like DTX Exchange may give more promising returns. The current listing price of DTX Exchange is $0.20, but the current price is set at $0.12, giving a chance for 80% profit in its listing alone, especially for early adopters.
DTX Exchange supports a wide range of assets, including stocks, forex, and commodities. Compared to SHIB, this allows traders to explore various markets, serving as a more substantial utility and practical investment option. DTX also provides advanced trading features as up to 1,000x leverage, helping them maximize returns.
The presale success of DTX also attracted institutional investors, raising over $10.3 million. With the institutional backing, there’s an increased legitimacy status of the project, opening a door for more growth potential. Based on the current growth, DTX could follow a trajectory similar to established stable cryptocurrencies like Bitcoin and Ethereum.
DTX token holders also have governance rights within the platform. They can participate in decision making processes regarding the future of the exchange. Compared to other coins, this community-driven approach creates an environment for deeper engagement and trust in the future of the exchange.
DTX Exchange Solidifies Its Technology Foundation As Traders Make More Gains
DTX Exchange uses the Vulcan X blockchain technology, which has shown an impressive transaction speed of 0.4 milliseconds and an ability to process over 100,000 transactions per second. The exchange’s solid tech foundation helps traders in fast-moving markets and ensures they can make the most gains without technical difficulties.
Alongside DTX’s top tech, they allow low transaction fees compared to the traditional financial markets, which makes DTX more cost-effective and, on the long run, more reliable. Since they employ a non-custodial trading model, allowing users to retain control over private keys, they still stand as one of the best Shiba Inu alternatives.
Don’t Wait for SHIB’s Dip When DTX Exchange Promises Gains
As SHIB faces a major 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.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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