Over the past week, the crypto market has been very volatile. The volatility has left top crypto coins like Ripple (XRP) consolidating within a narrow range. Also, Shiba Inu (SHIB) has fallen below the $0.000019 mark. However, one DeFi coin is stealing the spotlight and the name is DTX Exchange (DTX).
With a surge of over 700% in price and $13.3 million, it is the best ICO in the market receiving high investors’ interest. Based on its hybrid features and utility, DTX Exchange could soar by 20x in 2025. Many believe the DeFi project could revolutionize the DeFi market.
Ripple (XRP) Eyes a Symmetrical Triangle Breakout
Ripple (XRP) is consolidating between $3.00 and $3.20 after recovering a steep decline. Except more buyers enter the market, the Ripple coin could trade in a straight line for the next few days. In the meantime, CoinMarketCap data shows the XRP weekly chart has a price loss of 0.6% while the monthly chart has a gain of 54.4%.
Looking ahead, AMCryptoAlex forecasts the value of the Ripple token could skyrocket if it breaches past the $3.25 level. Another analyst called XRPunkie notes the Ripple crypto looks ready for a rally soon. They posted a chart that showed the altcoin trading in a symmetrical triangle.
If a breakout occurs, XRPunkie day the XRP’s price might soar to $4.50. In the meantime, technical analysis reveals the 14-day RSI is above the midline which means buying interest is still high. With this bullish momentum, the value of Ripple (XRP) could skyrocket in the coming weeks.
Shiba Inu (SHIB) Price Movement Leaves Investors Worried
Shiba Inu (SHIB) is among the top memecoins that investors and analysts are expecting to hit double-digit gains in the coming weeks. Since Dogecoin’s parabolic run in November, analysts have been monitoring the Shiba Inu coin for a similar rally. However, CoinMarketCap data reveals that Shiba Inu crypto has been on a downturn.
The Shiba Inu price has plummeted by 6.8% on the weekly level. On the upside, the Shiba Inu token faces immediate resistance at $0.00001900. A move above this level could lead SHIB to $0.00001950, another strong level that might define the next trend change. Meanwhile, InvestingHaven notes the memecoin is forming a bullish W-reversal.
Going forward, the value of the Shiba Inu (SHIB) token might pump to $0.00003. On the downside, the cryptocurrency has strong support at $0.00001800 in case of a downtrend. If SHIB breaks below this level, it could retest the next support at $0.00001750.
Hybrid Trading Platform, DTX Exchange (DTX), To Transform Online Trading
DTX Exchange (DTX) is a hybrid ( combination of centralized and decentralized) trading platform that is making waves in the crypto market. It is intended to give traders an optimal, one-stop solution – combining efficiency, speed, low fees, and top-level liquidity. One of the most significant features of DTX Exchange is the wide array of asset classes. It provides an opportunity to trade more than 120,000 financial instruments including crypto, shares, forex, metals, oils, and ETFs.
This extensive offering enables everyone, from the inexperienced trader to the professional market speculator, to create a diversified investment portfolio. In addition to the trading platform, DTX Exchange presents the Phoenix Wallet, which is created mainly for secure storage and management of assets. It has also been through strategic security audits showing its emphasis on security and credibility.
DTX Exchange has shown great potential in its presale stage, raising over $13.3 million. The DTX token is trading at $0.16 in the eighth presale round. The price is expected to skyrocket by 20x in the next few months. Meanwhile, DTX token holders have a lot of benefits as members of the platform. They gain voting rights and a proportion of the site’s trading fee profit through the VIP Rebate System.
Is DTX Exchange the Best Crypto To Invest In Now?
While major cryptos like Ripple (XRP) and Shiba Inu (SHIB) are battling with volatility, DTX Exchange is emerging as a game-changer in the DeFi space. Its rapid growth, strong fundamentals, and unique features make it a top contender for massive gains. As the market looks for the next big mover, DTX Exchange could be the breakout star investors have been waiting for.
Find out more information about DTX Exchange (DTX) by visiting the links below:
