The crypto market has been experiencing massive price declines over the last few days. However, this could end soon according to analysts. Ted predicts the value of Ethereum (ETH) might pump to $8k in the next 8-12 weeks.
On the other hand, Shiba Inu (SHIB) investors out of FUD have turned to an altcoin called DTX Exchange (DTX). Currently, in the presale, DTX Exchange has raised more than $13.6 million and has attracted more than 550,000 users to its platform. Based on this growth, its value is expected to pump by 10x in the coming months.
Shiba Inu (SHIB) Bears Remain Strong
Over the past 30 days, the Shiba Inu coin has only ended 11 days in the green region. This figure reveals that bears had the upper hand, pulling the memecoin to lower lows. CoinMarketCap data indicates the price of Shiba Inu (SHIB) has dipped by 19.1% in the weekly timeframe.
The cryptocurrency has lost two critical support levels during this period. It dropped below the $0.00002 price level on January 26 before losing the $0.000019 support few days later. Despite this bearish trend, analysts are still optimistic about the Shiba Inu crypto. It is one of the fastest growing memecoin projects in the market.
The cryptocurrency even signed a partnership with the UAE’s Ministry of Energy and Infrastructure (MoEI) recently. CryptooELITES forecasts the Shiba Inu price might pump to $0.000085171 in the coming weeks. If the uptrend lingers, the analyst expects a long-term target of $0.000472905.
Ethereum (ETH) Poised for 90-100% Based on Historical Data
CoinMarketCap data indicates that the Ethereum price has been consolidating between $2.6k and $2.9k in the past few days. The cryptocurrency is yet to reclaim the $3k level amid the ongoing correction in the crypto market.
However, Quinten Francois, a crypto enthusiast, believes positive sentiment is gradually returning to the Ethereum (ETH) market. According to him, the Ethereum ETF has recorded six consecutive days. Such massive inflows show that institutional investors are bullish about the Ethereum token. Looking ahead, Ted forecasts that the altcoin price could pump by 90-100% to hit the $8k target.
According to him, the Ethereum crypto has formed a capitulation candle which led to a bullish run in Q1 2024 and Q3 2024. The analyst expects the same scenario to play out this cycle. In the meantime, technical analysis reveals that the Ethereum coin is under bearish attack. The relative strength index, for instance, is below the midline, a sign that bears are in charge.
DTX Exchange (DTX) Presale Sets The Pace For Others
DTX Exchange (DTX) is a popular crypto ICO in the market that has gained traction due to its hybrid trading platform. With over $13.6 million raised and 550,000+ users onboarded, the platform has seen tremendous growth. Also, the price of its native token, DTX, has risen from $0.02 to $0.16. One key feature of DTX Exchange is that it offers trading in cryptocurrencies, stocks, forex, commodities, and ETFs all in one platform.
There are more than 120,000 tradable instruments, and investors do not have to switch platforms to access global markets. DTX also has a no-KYC policy where users can trade without going through the rigorous process of identification. This means that users can start trading immediately while remaining anonymous.
Fueling this groundbreaking exchange is VulcanX, a Layer-1 blockchain that boasts a 0.4ms transaction speed and 200,000 TPS. This minimizes downtime and increases the speed and functionality of DTX, making it one of the most sophisticated trading platforms in the market. As DTX Exchange approaches its release, its price is expected to pump by 10x.
DeFi Coin Becomes Safe Haven For Shiba Inu (SHIB) Investors
While Ethereum (ETH) could be on its way to $8K, Shiba Inu (SHIB) traders have found refuge in a DeFi cryptocurrency called DTX Exchange. High-speed transactions, a wide range of assets, and massive investors’ interest make the DTX token a potential candidate for the next gem that can bring 10x gains.
Find out more information about DTX Exchange (DTX) by visiting the links below:
