While the markets remain in a correction phase, some coins are back to posting regular gains. Prominent among these is the popular and hugely successful ICO DTX Exchange, and among established coins, Litecoin is showing some positive movement while SHIB remains under pressure.
This is disappointing for meme coin fans as the SHIB token has followed a downward trend for the past week, losing over 6% more of its value. It has now lost over 23% in the past month.
It is not surprising that investors are flocking to new projects like DTX Exchange. This hybrid trading platform has recently achieved a record in its presale and is now drawing in traders from other platforms. It has already raised over $14.8 million, and its token is available for $0.18 in its bonus presale round.
DTX Exchange’s Innovative Platform Raises $14.8 Million
While Shiba Inu investors hope for recovery from its $0.000015 position and Litecoin traders wait for the LTC ETF approval, smart investors are snapping up the last chance at getting DTX tokens at a discounted rate.
The DTX Exchange offers users a trader platform that will allow users to access and trade in over 120,000 different asset combinations from multiple asset groups. This will be possible through blockchain trading technology. This opens doors to trading opportunities for investors who have been hampered by the cumbersome trading process currently available.
This high utility feature, coupled with noncustodial wallet support and SolidProof audited secure network, allows investors to trade freely and safely. The project outpaces major names like SHIB with its high growth potential and contributions to the DeFi space.
Shiba Inu (SHIB) Suffering With Meme Coin Branding
Shiba Inu is one of the top 3 meme coins in the industry and has delivered strong market performance and high gains to its investors in the past. Many people have seen the SHIB token rise. Currently, the coin is suffering along with other meme coins as the overall sector suffers a strong bearish trend.
With the meme coin sector in deep depression, it is unlikely that SHIB will rise anytime soon, especially with its lowering market volume. This is down by over 23%, and its technical indicators also do not show any upsurge anytime soon.
Market experts claim that with the markets going through a revaluation and a slight contraction, the Shiba Inu may lose further value as stronger, higher utility projects emerge to draw in investors. The current SHIB price may drop more if some major external factor does not emerge to boost meme coins and cryptos.
Litecoin Gets Boost From ETF News
There is a growing list of ETF applications lying with the US SEC, and Litecoin has also joined this list. As the news broke, the Litecoin network experienced a rise in value as well as the number of users. The Litecoin market value is currently around $128, up by 6% over the past week, and market volume is down 14% to $1.5 billion.
The crypto markets are favoring utility features over hype and growth premises. Both Shiba Inu and Litecoin are outperformed by the DTX Exchange’s performance in its presale. The hybrid trading platform’s presale has raised $14.8 million, with tokens priced at $0.18 ahead of an official $0.20 listing price.
Early adopters have already earned over 800% profits from its initial $0.02 presale price. Many industry watchers label DTX as one of the best projects because it gives open access to a combination asset market.
Conclusion
At the moment, Shiba Inu is facing volatility, and Litecoin is rising on ETF hype. Meanwhile, DTX Exchange is delivering strong performance based on a solid use case offering. It is also offering investors early access to passive income options through its revenue-sharing model.
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Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
