The hype for meme coins like Book of Meme (BOM) and Shiba Inu (SHIB) is decreasing slowly, and investors are shifting majorly to utility coins. One utility coin, DTX Exchange (DTX), is attracting investors with an impressive show announced earlier. Before listing on the exchange, it already has an enormous user base.
Shiba Inu (SHIB) Burn Rate Increases
Shiba Inu (SHIB), the dog-themed cryptocurrency, recently experienced a dramatic 38,199,412% surge in its burn rate. According to the Shibburn X account, 39,345,498 Shiba Inu (SHIB) were burned, marking a significant increase in the burn rate. On August 11th, the Shiba Inu (SHIB) burn mechanism saw a notable transaction, with 38.8 million SHIB burned—an astonishing 38,199,412.62% jump compared to the previous day’s burn amount.
Over the last 24 hours, Shiba Inu’s price rose briefly, reaching an intraday high of $0.00001406. However, the increase was short-lived, as profit-taking in the cryptocurrency market caused SHIB’s price to pull back. At the time of writing, SHIB was down 0.17% in the last 24 hours, trading at $0.00001383, and had increased 11% over the past week.
Support Break In Book Of Meme (BOM) Could Push The Price Lower To Launching Price
The current wave is the third lower low for the Book of Meme (BOM), with three lower lows continuously after the launch rally. Currently, the Book of Meme (BOM) price is retesting the $0.007 resistance level after the support breakdown.
Further downfall in Book of Meme (BOM) can drag down the price to a lower level of $0.014. The hurdle on the upside is the $0.008 and $0.01.
DTX Exchange: Beginning Of The New Multibagger Story
DTX Exchange is a newly emerged force in the crypto trading world, which is very fast to win the title of “New Bitcoin (BTC).” Its innovative attributes, as well as the high multiplications and unheard-of fast processing, have won them the crowds.
During the pre-sale, DTX Exchange has already raised over $1.2 million, proving its dazzling potential. It is trading now at $0.04 per token but its value is expected to get to the $0.06 figure in the next round, showing the investors’ increased trust in the stock.
VulcanX update has done away with gas fees, a move that was long awaited and is, hence, a great relief to the investors. The recent giveaway announcement is an excellent opportunity for investors to engage with the DTX Exchange.
Once the DTX blockchain announcement came out, the market players immediately characterized it as a very advantageous situation. They have significant prospects of getting remarkable returns from the platform, therefore offering investors the possibility of huge profits.
DTX Exchange has a basic way of trading across stocks, forex, cryptocurrencies, and contracts for differences (CFDs). Its excellent trading facilities make it a platform that comes with a variety of prospects from its new infrastructure and innovative features. Surprisingly, it is the first platform that provides 1000X leverage without asking for KYC (Know Your Customer) verification.
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