The memecoin sector has again picked momentum after leader Dogecoin surpassed July’s high. However, the second biggest meme coin, Shiba Inu (SHIB), has failed to gain momentum despite the bullish recovery.
Ripple (XRP) has been rejected from the 50-period moving average and has decreased by about 5% in the meantime. This Ripple (XRP) setback made the focus of the investors to the next potential dominator, DTX Exchange. DTX Exchange (DTX) has chosen to be the best bet in the upcoming bull run as experts analyze multi-bagger returns.
Shiba Inu (SHIB) Overhead Resistances Working As Supply Zones
Shiba Inu (SHIB) performed well after the bounce from the $0.00001312 crucial support level. It nearly moved 60% in two weeks, forming the recent swing high of $0.0000217. After the peak, Shiba Inu (SHIB) price pulled back to the $0.000016 breakout zone and has since been consolidating below the high. April’s support levels are working as supply zones for Shiba Inu (SHIB), as bearish pressure is evident from the levels.
Currently, Shiba Inu (SHIB) is trading at $0.00001809, down 3.30% in the last 24 hours. With a market cap of $10.66 billion, it is positioned #13. However, the price has decreased; volume has increased by 12% in the last 24 hours, showing increased volatility in Shiba Inu (SHIB) price action.
Ripple (XRP) Bearish Sentiments Continues, Bearish Wedge Emerges!
With a slight decrease over the week, Ripple (XRP) has resumed its years-long negative sentiments. The SEC feud has hugely impacted Ripple (XRP)’s price, as it has not recovered from the 2021-22 crash. At the end of September, XRP tried to break out of the box pattern but crashed back to lower levels amid the tension in the Middle East.
Since the Ripple (XRP) price has been trading in a slightly inclined bearish wedge, this can push the price to lower levels. This wedge pattern in Ripple (XRP) has major support at $0.53 and the next support at $0.51.
In an update on the SEC Ripple case, Stuart Alderoty, Ripple’s chief legal officer, quickly responded to the SEC’s appeal, highlighting that the main decision—XRP not being a security in retail sales—still stands. Ripple isn’t backing down; the company plans to file a cross-appeal, disputing the ruling on institutional sales.
DTX Exchange’s Tremendous Fundamentals Signals Mega Bull Run In The Coins
While Shiba Inu (SHIB) faces supply barriers and Ripple (XRP) struggles with legal difficulties, investors are shifting to better potential candidates like DTX Exchange. DTX Exchange aims to transform and eliminate conventionally used exchanges and introduce traders with its unique benefits and solution capabilities. DTX Exchange has become the first-ever hybrid exchange that integrates centralized and decentralized features.
DTX Exchange brings everything together on one platform, allowing traders to invest in stocks, cryptos, equities, ETFs, and forex pairs. Its VulcanX module, designed for DeFi applications, can process 100,000 transactions per second. The DTX ecosystem also features a custom-built wallet, decentralized apps, and a trading exchange.
Along with hybrid features, DTX Exchange provides revenue-sharing models and staking features, with which investors can earn an extra source of income. With the sharing model, investors can earn up to 3% of the exchange’s revenue, while with the staking feature, they can earn up to 15% APY.
The DTX token is currently highly undervalued and priced at $0.80, but it is gaining much interest from crypto whales. DTX presale has raised $5.355 million, showing strong confidence from investors.
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