Shiba Inu Price Forecasts Lag Behind PEPE and DTX Exchange as Traders Predict a 1250% Surge

At the start of the bull market, Shiba Inu (SHIB) attracted more attention than just a handful of other well-known meme coins. This interest can be attributed to several factors, like its breakthrough above the $0.000030 resistance barrier. However, the most compelling reason is the similarity of its seasonal chart to 2021, hinting at a potential meteoric rise.

Yet, Shiba Inu isn't the only token with promising prospects for massive price hikes. Recently, DTX Exchange, an emerging presale token, has come into the limelight. With a range of innovative features, DTX Exchange could yield a 1250% gain by February 2025. Notably, on-chain data also indicates that DTX is primed for this kind of rapid growth.

Shiba Inu Price Set for 200% Increase as Ethereum Link Deepens

Though Shiba Inu's price has struggled below the $0.000030 resistance mark, its seasonal pattern suggests positive movement ahead. The price path this year mirrors that of 2021, pointing to a potential sharp rally. SHIB's price could see a 200% increase from its current weekly range of $0.00002462 to $0.00003294.

According to the Alpha Crypto signal, SHIB's horizontal support level remains robust, potentially providing a foundation for further upward movement. With a 93% correlation to Ethereum over the past month, Shiba Inu's price is closely linked to Ethereum. If Ethereum's market cap expands by 200%, SHIB's price may climb to $0.00006492.

Currently, Shiba Inu's price has dipped by 1%, but a 200% surge in Ethereum could propel SHIB to new heights, boosting Ethereum's market value to $1.16 trillion and potentially igniting a bull run in the crypto market.

PEPE's Decline: Technical Signals Suggest Further Downturn

Launched on Ethereum, PEPE is a deflationary memecoin inspired by Matt Furie's Pepe the Frog meme, which gained fame in the early 2000s.

PEPE aims to join the ranks of top meme-based cryptocurrencies, hoping to replicate the success of coins like Dogecoin and Shiba Inu.

After facing rejection at a descending trendline on Saturday, PEPE recently displayed signs of a double-digit downturn. The price plunged below its 200-day EMA following a significant drop. The RSI indicates strong bearish momentum, falling below the neutral threshold.

Coinglass's long-to-short ratio has hit its lowest level in over a month, indicating negative market sentiment. Additionally, Santiment's Daily Active Addresses metric shows a decline in demand for PEPE's blockchain. These indicators suggest PEPE might need to retest daily support levels, predicting a likely continuation of its decline. 

DTX Exchange Primed to Surpass SHIB and PEPE with Enormous Growth

Accumulating over $12.2 million in investments and more than 500,000 registered wallets, DTX Exchange is transforming trading with its innovative hybrid approach. This platform is set to outperform SHIB and PEPE, potentially becoming the top contender in the DEX sector.

Providing over 120,000 financial products with 1,000X leverage, DTX addresses major challenges faced by traders through its pioneering hybrid model. Its distributed liquidity pools offer optimal execution pricing, minimizing slippage. Supported by its layer-1 blockchain, VulcanX, DTX boasts unmatched processing speed.

As DTX Exchange continues to gain momentum, it is expected to surpass SHIB and PEPE, making it a compelling investment opportunity. DTX is set to lead the DEX market with its focus on security, innovation, and user-centric approach.

Discover more about DTX Exchange (DTX) by exploring the links below:

Buy Presale

Visit DTX Website

Join The DTX Community 

Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.