Major cryptocurrencies, including Shiba Inu (SHIB) and Polkadot (DOT), have struggled in the last three months. While SHIB crashed below the August low, DOT dropped below the $5 support after a breakout failure. This struggle by market biggies has made investors look for new contenders like DTX Exchange (DTX).
DTX Exchange is a new hybrid platform providing a cutting-edge trading experience that can outrun traditional exchanges. Analysts predict the DTX token could debut at $0.36 (2x the current price) upon top-tier exchange listing, with forecasts suggesting a climb to $2 by mid-2025.
Can this new entrant compete with Shiba Inu and Polkadot? Let’s find out.
Shiba Inu Retests Swing High: Will SHIB Bulls Regain Control?
Shiba Inu has shown poor performance in the last few months as the price has been breaking crucial support levels. In late January, it dropped below the $0.0000195 support, a breakout from which had sparked the November rally. This break of support led to sell-offs by Shiba Inu whales and drove the price to a 52-week low of $0.0000108 last week.
Source: CoinMarketCap
Over the past week, it has recovered over 25% from this low, reaching the previous swing high at $0.0000138 yesterday. It has surged 2.45% today with a massive 150% increase in trading volume and is currently at $0.00001304. Despite this, Shiba Inu has formed an inverted hammer on the daily chart, suggesting a continuation of the downtrend unless SHIB whales re-enter and create a bullish stance.
Polkadot Forms Double Bottom Recovery
Polkadot (DOT) has dropped nearly 62% from its December monthly high. As of March 17, 2025, it trades at around $4.33, a sharp decline from its peak of $11.64 in December 2024. Despite technological upgrades and major partnerships, Polkadot’s price has remained stagnant for the past month.
On the weekly timeframe, Polkadot has shown positive signs of a reversal forming the double bottom pattern, but traders remain cautious as the pattern is yet to fully develop. The next momentum direction of the Polkadot depends on key resistances. If DOT breaks above the $5.30 resistance, buying momentum could increase, pushing the price toward the $6.50 and $8 resistance zones.
DTX Exchange: Next Leader In the Trading Industry?
As investors fret over the Shiba Inu and Polkadot price slump, a utility token with strong future prospects has emerged: DTX Exchange. With its unique approach and innovative trading capabilities, the project aims to completely transform the $90 trillion trading market.
DTX Exchange will be the first trading platform to combine the best of centralized and decentralized exchanges. The platform addresses various inefficiencies like limited asset availability, slow transaction speed, and high trading fees.
Traders can access 120k+ financial assets, including equity, gold, cryptocurrency, forex, and ETFs, all in one place. The platform’s unique ability to manage multiple assets allows traders ideal diversification and saves the time and hassle of shifting from one platform to another. Moreover, it ups the game by providing 1,000x leverage, which lets traders gain more exposure and increase profitability.
The platform solves the problem of speed with its proprietary L-1 blockchain VulcanX, which has achieved a remarkable 200,000 TPS in the recent testnet launch. With over 16 million already raised and 758,000 holders on board, the DTX Exchange has witnessed intense interest from investors worldwide. Investors can grab DTX tokens at just $0.18, which gives a 2x profit potential as the listing price is expected to be $0.36.
Conclusion
Polkadot and Shiba Inu have seen tremendous gains in the past but lack the same long-term growth momentum, which makes emerging projects like DTX Exchange a once-in-a-decade opportunity. DTX’s rapid scale and expanding user base prove that potential projects can swiftly capture market share if they offer real-world applications.
Find out more information about DTX Exchange (DTX) by visiting the links below:
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