2 weeks ago
10
SPONSORED POST*
The crypto market started this week on a new bull cycle, boosted by BTC’s historic rally over the $100K barrier. However, once this was achieved, and profit-taking started, the markets pulled back, and many favored altcoins fumbled.
Shiba Inu (SHIB) and Cardano (ADA) are two coins that have suffered in the past few days as their growth slipped into the red and their prices dropped. DTX Exchange (DTX) is a new hybrid protocol offering TradFi and DeFi features to transform the multibillion-dollar trading market. It is benefiting as investors are moving to buy into its lucrative presales.
Shiba Inu (SHIB) Drops 5% as Thursday Punishes Meme Coins
Shiba Inu (SHIB) was on an upswing most of November, with over 57% growth, and it still has considerable community support, which is the core of any meme coin’s strength. Many analysts still say that the coin will revive in the upcoming bull cycle. However, the fact remains that the coin has lost ground this week.
Source: CoinMarketCap
In the past 24 hours, Shiba Inu’s price dropped by over 7%, as market volumes fell by 50% to close at 2.3 billion. Community sentiment remains bullish, as investors expect a revival over the weekend. The coin is also losing investors to DTX Exchange, which is winning over support with its stable and continued growth throughout its presales stages.
Cardano (ADA) Loses 30% Market Volume As Whales Get Active
Cardano (ADA) rose 220% over the past month, climbing from $0.3 to $1.31 on December 3, 2024. ADA lost over 6% in the last 24 hours as it dropped to $1.12.
Source: CoinMarketCap
Community sentiment is extremely bullish, and that, paired with positive technical news from Hydra deployment and overall market movement, could indicate that the coin may go into a rally in a few days. The market volume has dropped by 30% in the past 24 hours as whales consolidate their holdings.
DTX Exchange Entices Whales With 5000x Upside Expectations
DTX Exchange (DTX) is a hybrid, Layer-1 blockchain protocol offering users a cross-crypto trading facility. This means that users can tokenize real assets and trade them with their crypto assets.
This is a highly anticipated feature. Right now, traders must trade stocks, forex, equities, commodities, and CFDs on separate platforms and in crypto assets through another platform. This can be expensive in terms of transaction charges and inconvenient to manage.
DTX Exchange (DTX) will allow users to trade in cryptos, forex, equities, and CFDs through its distributed liquidity pools, with 1000x leverage options, and directly from their non-custodial wallets, eliminating the need for KYC requirements and verifications.
Conclusion
Shiba Inu (SHIB) and Cardano (ADA) may eventually start to trade upwards, but DTX is ready to transform the $3.2 billion global trading market.
Its strong use case features ensure that in just a few weeks, this hybrid exchange has raised over $9.5 million through its viral presale rounds. Both retail traders and large investors are choosing this fast-selling presale over major cryptocurrencies for high-return opportunities.
DTX Exchange (DTX) is already one of the fastest-rising stars in the crypto world, making it a strong contender against popular names like Shiba Inu (SHIB) and Cardano (ADA).
To know more about the DTX Exchange ecosystem, Check out:
*This article was paid for. Cryptonomist did not write the article or test the platform.
English (US) ·