Will Shiba Inu Reach New Peaks This Year? Expert Recommends Shifting to XRP and a Trending $0.16 Altcoin
During the recent market correction, the memecoin sector has been significantly affected, with Shiba Inu (SHIB) among the biggest decliners. SHIB has dropped nearly 50% since its peak in December, prompting analysts to debate its potential recovery. As a result of this substantial sell-off, large holders of memecoins have started transitioning to promising altcoins like DTX Exchange (DTX) and Ripple (XRP).
Ripple (XRP) has hit a new all-time high following recent political developments and the resignation of SEC chairman Gary Gensler. Experts suggest that further regulatory easing could drive XRP's price even higher.
At the same time, DTX Exchange has experienced a considerable influx of capital as it prepares for listings on major exchanges in March. This final-phase presale star has soared over 700%, amassing more than $12.95 million in a few months, thanks to its robust fundamentals and impressive growth. Experts anticipate a potential 20x increase for this cryptocurrency in 2025.
Warning: Shiba Inu (SHIB) Breaches Significant Support
Shiba Inu (SHIB) is still under selling pressure, lagging behind other meme coins. Its price recently fell to $0.00001727, the lowest since November 6. Last week, Shiba Inu's decline broke a long-standing upward trendline, which had served as a strong support. This breakdown indicates a bearish trend that might continue for several months.
Courtesy: TradingView
Nonetheless, the Shiba Inu (SHIB) burn rate has jumped by 360% in the last 24 hours, permanently removing millions of SHIB tokens from circulation. The burning process aims to create scarcity and potentially boost the value of Shiba Inu (SHIB) over time by reducing its supply. However, despite these efforts, the price of Shiba Inu (SHIB) has continued to decline. According to Shibburn, 5,573,943 SHIB tokens were destroyed in the past day.
XRP Price Testing Lows; Is Recovery Imminent?
After trading within a narrow flag pattern for ten days, XRP's price experienced a breakdown, falling to a low of $2.65. This decline triggered buying interest at the previous breakout level of $2.80. XRP's price remains above the 50-period moving average, indicating a positive short-term outlook. Despite a bearish sentiment among major cryptocurrencies, Ripple XRP maintains its position above the $2.65 support level.
Should XRP gather bullish momentum from this point, it might retest the $3 resistance level. Conversely, if bearish momentum continues, XRP's price could drop to $2.50. In the upcoming months, the outcome of the Ripple vs. SEC case will be crucial for XRP's price. A favorable ruling for Ripple could see it reach the $5 mark.
DTX Exchange (DTX): Final ICO Phase
Leveraging innovative hybrid blockchain technology, DTX Exchange is making waves in the crypto market. It offers unique features and wide-ranging access, making it an ideal platform for traders. Unlike traditional exchanges, it combines the best features of centralized and decentralized exchanges into one comprehensive platform.
With trading available in over 120,000 asset classes, including crypto, forex, and stocks, DTX offers groundbreaking features like 1,000x leverage, a non-custodial wallet, advanced AI analytics, distributed liquidity pools, a passive income generation model, and an intuitive user interface.
With over 400K users already onboard, the demand for the project is evident. The token ICO is wrapping up ahead of schedule due to high demand. In the final presale stage, the DTX token is priced at just $0.16.
Early investors have enjoyed a 700% return on investment and anticipate a 2,000% gain post-launch. This altcoin has significant growth potential, making it an attractive investment compared to top cryptocurrencies like Ripple and Shiba Inu (SHIB).
For more details on DTX Exchange (DTX), check out the links below:
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