The crypto market picks up steam as Bitcoin (BTC) crossed $99,000—a new ATH this week. With top memes quiet in the past few days—Pepe (PEPE) and Shiba Inu (SHIB)—they have regained traction. Likened to the calm before a storm, a huge leap is anticipated in the coming days, placing them on the list of altcoins to watch.
DTX Exchange (DTX), a new DeFi token, is another token to watch—a top ICO sparking excitement in the presale world. Its innovative blend of DeFi and TradFi while combining the best elements of DEX and CEX makes it arguably the best new crypto to invest in. Further driving whale interest is its staggering upside potential.
DTX Exchange (DTX): A New Altcoin to Watch for Huge Gains
DTX Exchange (DTX) has captured whale interest with its bullish DeFi-TradFi narrative and massive growth prospects. Its unique approach to trading and future transformation of the global trading scene fuel interest, hailed as one of the new DeFi projects to watch.
Unlike conventional exchange protocols, its unique offering will be a hybrid trading platform. It will combine the best elements of decentralized and centralized exchanges, notably wallet-based trading, non-custodial storage solutions, distributed liquidity pools and a user-friendly interface.
The above will make it stand out, poised to reshape the $3.2 billion global trading market. Meanwhile, in the fifth round of the ICO, a token is ridiculously undervalued at $0.10. Industry experts anticipate a 75x rally after its debut, tipped to outperform top memes like Pepe (PEPE) and Shiba Inu (SHIB). Already pre-listed on CoinMarketCap, it might be one of this year’s biggest breakout stars.
Pepe (PEPE) Targets Huge Leap
Pepe (PEPE) is one of the most popular memecoins. The frog-themed cryptocurrency hasn’t only become a more compelling alternative to dog cryptos; it has also outperformed them. On the yearly charts, the Pepe price soared over 1,800%, breezing past Dogecoin (DOGE) and Shiba Inu (SHIB), the two leading memecoins.
Following a largely uneventful week, Pepe has regained traction on lower timeframes, changing hands above $0.000020. Key indicators like the 9-HMA, 10-SMA and 10-EMA hint at further gains, positioning the frog memecoin as a top crypto to invest in.
Further, analysts are optimistic about a massive jump in this bull cycle. Zenithzoro, a crypto analyst, highlights a strong Pepe bullish momentum after a retest of $0.000018, suggesting a breakout above $0.000023. Pokecrypto21, another analyst, hints at a 10x increase in the next three to six months.
Shiba Inu (SHIB): A Leading Dog Crypto
Shiba Inu (SHIB) champions the dog memecoin movement on the Ethereum blockchain. It is the second-largest meme token after Dogecoin (DOGE), highlighting its memetic appeal. After days of consolidation, the Shiba Inu price is on the upside—a 6% uptick on the weekly chart.
It hovers above $0.000024 and resumes its uptrend on the daily chart. More gains are anticipated in the coming days, highlighted by technical indicators like the MACD level (12, 26), 20-VWMA and 9-HMA.
Crypto analyst JavonTM1 suggests a breakout above $0.000081, positioning Shiba Inu (SHIB) among the best cryptos to invest in from the current market price. Digarch, another analyst, suggests a run above $0.8915 during this bull cycle.
DTX Exchange (DTX) to Outperform Top Memes Like Pepe (PEPE) and Shiba Inu (SHIB)
Despite the huge growth prospects of memecoins like Pepe (PEPE) and Shiba Inu (SHIB), DTX Exchange (DTX) might be a better bet. As an emerging cryptocurrency, it has more room for growth, not to mention its imminent transformation of the global trading scene and future adoption. On the cusp of exploding, it is a new altcoin to watch out for.
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The post Pepe (PEPE) and Shiba Inu (SHIB) Gain Traction; What Next? Whales Flock to This New DeFi Coin Amid 75X Promise appeared first on Blockonomi.