Market sentiment was mixed over the weekend following the launch of Donald Trump’s memecoin, $TRUMP. On the one hand, the token launch solidified Trump’s pro-crypto stance and onboarded more users to crypto. On the other hand, liquidity was sucked from the rest of the market into the meme, with Ethereum (ETH) and Shiba Inu (SHIB) among the biggest losers.
In the meantime, DTX Exchange (DTX)a new DeFi crypto, remains in the spotlight. Hailed by experts as a new DeFi project with critical real-world application – the first crypto-native platform to offer traditional financial instruments – it is poised for massive adoption and growth.
DTX Exchange (DTX): the next big thing?
DTX Exchange (DTX)massively undervalued and undervalued, could be the best crypto investment of this year. As a leading ICO and emerging cryptocurrency, its upside potential is staggering, eclipsing top altcoins like Ethereum (ETH) and Shiba Inu (SHIB). At the same time, its potential to transform the global business scene makes it essential.
At the crossroads of traditional finance and DeFi, DTX will be the first crypto-native platform to offer stocks, forex, ETFs and hundreds of thousands of currency pairs. It aims to bridge the gap between TradFi and the crypto world by combining the best elements of centralized and decentralized exchanges: the first hybrid trading platform.
Given the imminent adoption, the rapid sale of presales is not without reason: more than $12 million was raised in initial funding. The community is also growing rapidly, as evidenced by the over 300,000 registered wallets. Expected to soar up to 100x this cycle following the planned listing on Tier 1 exchanges this quarter, industry experts believe it could be the best new crypto to invest in.
Ethereum (ETH): weekly drop of 4%
Ethereum (ETH), the second largest cryptocurrency by market size, had a disappointing week. It fell, retesting $3,100, a 4% decline on the weekly chart. The decline may be linked to the decline in DeFi activity and growing interest in the Solana blockchain, a competing chain.
Despite this, indicators show that a rebound is expected. Ethereum price is hovering above the 200-EMA ($3,124) and 200-SMA ($2,980), suggesting a rebound. At the same time, bullish forecasts have vanished. HeimdallRunem, a crypto analyst at X, is targeting a return to $4,000.
KPMoonX, a leading expert, has an ETH price prediction of $9,000 for this year. While a comeback is near, newer altcoins like DTX Exchange (DTX) have more room to grow. Undervalued and more undervalued than Ethereum (ETH), DTX may be a more compelling alternative.
Shiba Inu (SHIB): is a comeback near?
Shiba Inu (SHIB), the main ETH memecoin, was not spared from the cascading sell-off. It lost the $0.00002 support amid increasing selling pressure, posting a weekly loss of 10%. However, memecoin bullish Crypto Jaibrah expects it to reach $0.00006 in the coming weeks.
Meanwhile, SHIB enthusiast and analyst army_shiba believes that memecoin could reach $0.00003 in the short term – long-term targets are much higher, according to them. Additionally, Shiba Inu coin price trading above the 200-SMA is a bullish indicator.
However, despite the expected return of the Shiba Inu (SHIB), it may only experience limited growth. With a large market size and considering previous rallies, its upside potential pales in comparison to DTX Exchange, a new DeFi crypto with a projected 100x upside.
DTX Exchange (DTX): a bullish alternative to the disappointing Ethereum (ETH) and Shiba Inu (SHIB)
The past few days have been rough for Ethereum (ETH) and Shiba Inu (SHIB), losing key price levels. Despite the expected comeback, experts have identified DTX Exchange (DTX) as a more compelling alternative. The DTX ERC-20 crypto is expected to reach 100x this year, positioning it as a staple of this cycle at $0.14 in ICO round 7.
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