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SirWin
SirWin
SirWin

DTX Exchange surges with backing from LINK investors 

Press Releases
DTX Exchange surges with backing from LINK investors 

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

As Chainlink (LINK) grapples with the $15 resistance, DTX Exchange captures investor attention, positioning itself as a formidable player in the crypto market akin to SHIB’s surge.

In the rapidly evolving crypto markets, BTC halving played a pivotal role in bolstering the performance of several altcoins; however, as the hype dies down, a bearish sentiment has spread to the ecosystem. With Chainlink price struggling to sustain support above $15, an emerging actor, DTX Exchange has stolen the spotlight, projecting growth rivaling Shiba Inu’s (SHIB) past performance. 

Experts navigate the bearish markets to shed some light on the prospects of Chainlink and the prospects of this formidable Shiba Inu competitor, DTX Exchange.

Chainlink price struggles to cross $15

The declining support of investors has pushed Chainlink into the bearish zone, failing to sustain growth above the $15 level. Based on CoinMarketCap, LINK observed a roller coaster trend starting the month near $19; however, as selling pressure mounted, it retraced back to near $14.

Amid the rapid sell-off demonstrated by the over 30% surge in trading volumes in the last 24 hours, the Chainlink price has dipped more than 25% in the last month.

While the market remains bearish, key updates such as the new Chainlink VRF V2.5 are fueling positive sentiment and have the potential to allow bulls to turn the tide and propel the Chainlink price to retest support above $15.

Shiba Inu price analysis

Shiba Inu has been a prominent actor in the memecoin ecosystem since 2024. Its performance in Q1 observed a surge of over 3X, and its past performance highlights its potential for massive returns as a high-risk, high-reward token.

According to CoinMarketCap data, Shiba Inu is currently on a bearish trajectory, with a dip of over 10% in the last week. SHIB investors have been booking their winnings to invest in other opportunities, as evidenced by the trading volume, which has spiked more than 60% in the last 24 hours.

Looking back at SHIB’s performance, its potential to turn dedicated members into overnight millionaires is what makes memecoins an attractive opportunity. However, due to their highly volatile nature, experts advise a cautious approach when looking at long-term prospects.

Investors rally behind a new Shiba Inu competitor

This new, promising project, DTX Exchange, has been gaining ground as one of the leading presale coins in the market, backed by its features. It has emerged as a formidable rival for SHIB, with analysts forecasting a 5,000% potential spike near its public listing.

Stealing the spotlight with its hybrid trading features, DTX Exchange aims to alter the trading landscape. By integrating centralized and decentralized elements, this platform ensures users can trade without KYC (know your customer) requirements.

Traders can tap into the potential of DTX Exchange, which offers access to over 120,000 digital assets and a 1000X leverage feature. Users with minimal capital can reap the benefits of platforms’ low transaction fees while generating profits.

Further adding to its list of features is the noncustodial wallet, which enhances security and privacy by giving full control to its users. This approach promotes individual ownership of digital assets and private keys and aims to significantly reduce the risk of funds being compromised by unexpected threats.

Another standout feature fueling expectations is the distributed liquidity pools that reduce slippage to provide a more efficient trading environment.

Conclusion

The DTX Exchange presale’s pace has stunned the market, with stage 2 crossing 480,000 in 10 days. Investors looking for exponential returns are rushing to buy the DTX token for $0.04 before it rises to $0.06 in the next stage. Its rising popularity has bolstered sales, with analysts forecasting a price spike to $3 near its public listing.

To learn more, visit the DTX presale, read the Whitepaper, or join the DTX community.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.