Analysts recently compared the price movements of Shiba Inu and Floki, noting factors that could lead SHIB to outperform FLOKI. Although this has increased interest in Shiba Inu (SHIB), another altcoin called DTX Exchange (DTX) is attracting increasing attention due to its potential to significantly boost investment. With over $7.2 million raised during the DTX presale, many are excited about what the future holds for the new token.
This article will examine the possibilities for the Shiba Inu (SHIB) price to beat Floki in the market as well as why DTX is a more promising investment.
Shiba Inu (SHIB) explodes 50% as daily trading hits record high
Shiba Inu (SHIB) set a new record with an astonishing 21 trillion transactions in a single day, and this surge in activity led to a significant increase in the value of SHIB. Currently trading around $0.00002536, Shiba Inu price has surged almost 50% over the past week and 41% over the past month.
Despite these positive indicators, some concerns should be noted regarding the Shiba Inu (SHIB). The data also reveals that the whales are becoming active. Although the high trading activity and rising prices show good momentum, the actions of these whales could create downward pressure on the Shiba Inu price if their activity primarily involves selling the token. If their actions focus more on readjusting their investments instead of cashing them out completely, this could result in a more stable Shiba Inu price over time.
FLOKI price analysis: Support at $0.0001380 crucial, breakdown could trigger sharp decline
Floki’s price has increased by 40% over the past week and is currently trading at $0.0001711. The total value of all Floki coins on the market now stands at $1.64 billion, and in the last 24 hours, approximately $1.05 billion worth of FLOKI was traded, representing an increase of more than 100%.
FLOKI price has a strong support level around $0.0001380. This support has been tested repeatedly, showing that it is a reliable level where price tends to stabilize. On the other hand, there is a resistance level at $0.0001480, but since FLOKI has broken above this resistance, it could continue to rise. However, if the current market rally calms down and FLOKI price falls below $0.0001380, it could fall further.
DTX Presale Soars 300%, Targets 900% Gains at Launch for Early Buyers
Analysts believe that the price of Shiba Inu (SHIB) could outperform FLOKI during this cycle, but they also say that expectations for these meme coins have not been able to surpass those of DTX Exchange. A testament to these claims is the recent milestone reached by DTX, which surpassed the $7.2 million raised during its ongoing presale.
Currently, DTX Exchange is offering tokens at just $0.08, a 300% increase from its initial price. When DTX enters the open market, it will trade at $0.20. This means that early investors could see their investment increase by 900% if they hold it until listing.
Furthermore, what fixes the DTX Exchange stands out for its unique blend of traditional asset trading and blockchain technology. This platform will meet all the financial needs of individuals and guarantee their security. Its vision is to integrate cryptocurrency and the current fiat system to integrate everyone in the financial world.
Learn more: