DeFi
ERC-20 Shiba (SHIB) and DTX Tokens Going Viral in Choppy Crypto Market, Rally Ahead?
June 21, 2024 by Surah Gaydhane
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Two major ERC-20 tokens, Shiba Inu (SHIB) and DTX Exchange, went viral during the market correction. DTX Exchange’s new DeFi trading platform has already attracted the attention of investors and raised over $700,000 in a month. Still in a downtrend, Shiba (SHIB) is also in the trend due to rapid movements and maintaining the
Two major ERC-20 tokens, Shiba Inu (SHIB) and DTX Exchange, went viral during the market correction. DTX Exchange’s new DeFi trading platform has already attracted the attention of investors and raised over $700,000 in a month. Still in a downtrend, Shiba (SHIB) is also trending due to its rapid movements and maintaining its name in the famous memecoin community.
Shiba Inu (SHIB) supports its 200-day moving average
Recently, the Shiba Inu (SHIB) crypto, also known as SHIB, saw a significant price drop, losing over 10% of its value. Despite this, the dog-themed meme coin has gone viral due to the increase in the speed at which its tokens are burned. According to Shibburn, a service that tracks the burn of SIBA Inu (SHIB) tokens, the burn rate jumped approximately 12,800% on Tuesday, June 18.
After the fall, it will be difficult for Shiba Inu (SHIB) to start a new stage, but now it supports a 200-day moving average. Shiba Inu (SHIB) fell below key support levels and its price fell below $0.000019, approaching a further decline below $0.000018; at the time of writing, it is trading at $0.00001863. The next move of Shiba Inu (SHIB) will be decided by the general market trend.
DTX Exchange goes viral with its presale
With the Shiba Inu (SHIB) in a downtrend, DTX Exchange (DTX) quickly attracted the attention of investors, raising over $2 million through private seed funding, over $100,000 through a public presale in just two days, and over $700,000 in less than a month . This platform allows users to trade cryptos, currencies, stocks and CFDs.
It offers advanced and unique trading features that open up unparalleled opportunities for its users. DTX will be the first major exchange to allow 1,000X leverage without requiring KYC procedures that become complicated for traders and investors.
To improve liquidity and minimize slippage, DTX Exchange uses distributed liquidity pools. With its non-custodial wallets, this setup also helps reduce the risk of losing funds in the event of a security breach.
The platform takes a community-centric approach, offering low trading fees and allowing traders to optimize their investments. Community members also benefit from governance and voting rights and may soon benefit from potential airdrops. With the current price at just $0.02, this could be the perfect time for investors to get involved in the DTX presale.
DTX Exchange Changes Buying and Selling Assets
DTX Exchange (DTX) is transforming the way people access securities by focusing on Security Token Offerings (STO). This innovative approach allows you to invest in a portion of assets such as stocks or corporate bonds. DTX Exchange offers a secure and compliant platform for companies to issue tokens representing real-world assets, making it easier for them to connect with investors around the world and raise capital more efficiently.
For investors, DTX Exchange opens up a whole new realm of possibilities. It expands investment options beyond the usual financial instruments, providing access to a wider range of assets, including those that were previously difficult to invest in, such as private equity or parts of real estate.
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