This Affordable Altcoin Priced Below $1 Could Challenge Shiba Inu (SHIB) After Its April Debut

After a sudden market downturn led to losses across the crypto sector, the meme coin market was particularly affected. SHIB, the second-largest meme coin, saw considerable liquidations as its value plummeted nearly 38% during the crash. Savvy investors are reconsidering their meme coin holdings and turning towards coins with practical uses.

Moving away from cryptos driven by hype, investors are exploring projects with real-world applications that promise alternative growth. This season, DTX Exchange, a unique hybrid project, has garnered significant attention from millions of investors due to its strong demand and outstanding growth projections. Experts, considering the solid fundamentals, predict a 50x increase once the token is listed. 

Shiba Inu Price Hit by Trump's Tariff Announcements

The recent market drop has been linked to Donald Trump's tariffs on nations such as China, Canada, and Mexico. This turmoil in the crypto market pushed the Shiba Inu price below the $0.000012 support level. However, later on Monday, buyers entered the scene, lifting the price above $0.000016.

Shiba Inu's bearish trend started in mid-January when it failed to maintain support above the $0.000025 resistance level. It then broke past the ascending trendline support, falling below the critical $0.000020, which triggered several technical sell signals. If Shiba Inu cannot hold the $0.000015 support level, the next downside target might be $0.00001.

Courtesy: TradingView

The Shiba Inu price has seen a 15.73% decline over the past week. The pattern of lower highs and lower lows that began on January 18th remains unbroken. This pattern confirms the bearish trend in Shiba Inu's price and breaking it would open the path for a reversal. 

Technical charts indicate that Shiba Inu's price formed a bullish wick on the downside following the rejection at the $0.00001190 level. If the price doesn’t stabilize at the current level, it could lead to weeks of sideways trading for SHIB before any reversal occurs. 

DTX Exchange: Pioneering the Future of Crypto Trading

DTX Exchange (DTX) is an emerging hybrid trading platform making waves in the cryptocurrency arena by challenging established players like Shiba Inu. The platform's innovative hybrid model merges the advantages of both centralized and decentralized exchanges into one.

A major feature of the platform is its advanced multi-asset trading capability, allowing users to engage with 120,000 assets, including cryptocurrencies, stocks, forex, bonds, and ETFs, all from one platform. This removes the hassle of switching between platforms to manage various asset classes. 

The platform operates on VulcanX, a layer-1 blockchain technology. The blockchain's testnet recently went live, offering an estimated TPS of over 200,000. This high speed enables traders to take advantage of quick market changes across different markets and conditions. Moreover, DTX Exchange provides a remarkable 1,000x leverage, allowing traders to access up to $100,000 in liquidity with just $100 of capital.

Currently in its presale phase, DTX Exchange has successfully completed previous rounds and is now in the final stage of the presale. So far, it has raised over $13.4 million, breaking previous presale records by reaching this milestone within just a few months of its launch. 

Each DTX token is currently valued at $0.16. The company is gearing up for a tier-1 listing in the year's second quarter. 

With its unique market position and upcoming token launch, DTX Exchange (DTX) is drawing attention from both retail and institutional investors. Keep an eye on this project, and ensure you conduct thorough research before investing. 

For more information about DTX Exchange (DTX), explore the links below: 

Buy Presale

Visit DTX Website

Join The DTX Community