Sentiment has been oscillating from bullish to cautious in the crypto scene, with price actions largely underwhelming. Like the rest of the crypto market, Shiba Inu (SHIB) has underperformed these past few weeks. However, it isn’t going to zero like the bears would have us think; a bounce is on the radar.
Meanwhile, Ripple (XRP) and this new DeFi coin, DTX Exchange (DTX), have been identified by experts as altcoins to watch out for. Despite market uncertainty, XRP has maintained the $3 support, with a breakout above the 2018 all-time high of $3.8 imminent. At the same time, DTX is tipped for a 50x rally after Tier-1 exchange listings as the presale enters its final round.
DTX Exchange (DTX): Outperforming the Crypto Market
DTX Exchange (DTX), an up-and-coming cryptocurrency, is in the spotlight for its bullish narrative—a blend of DeFi and TradFi. It entered the final stage of the presale earlier this week, skyrocketing 700% from the initial price of $0.02.
The ICO is currently in the eighth round and a token costs just $0.16. Early participants at this stage are positioned for a 25% gain at the listing price of $0.20, making it a wave worth taking advantage of. Additionally, industry experts predict a 50x rally after the scheduled listing on Tier-1 exchanges this quarter, positioning it as arguably the best new crypto to invest in.
Equally important, its real-world application makes it a new DeFi project to watch out for. As the first crypto-native platform to give access to conventional financial instruments like stocks, ETFs, forex and over 100,000 currency pairs, it is poised to reshape the $10 billion global trading market. With adoption imminent, it is a strong contender against top crypto coins like Shiba Inu (SHIB) and Ripple (XRP).
Shiba Inu (SHIB): Rip or Dip?
The Shiba Inu (SHIB) price is down 8% in the past week, retailing around the $0.00002 support. Its underwhelming performance can be linked to the lack of bullish catalysts, with key indicators like the 200-EMA and 20-VWMA hinting at further downswings.
On the other hand, a bounce seems to be underway, supported by the 200-SMA and 9-HMA—key bullish indicators. At the same time, crypto analyst CW8900 believes a breakout from the falling wedge pattern might push the price toward $0.00004.
Joyfuljairo123, another top analyst, expects a jump to $0.00006 if the Shiba Inu price breaks above $0.00003—one of the top altcoins to invest in. Despite this, DTX Exchange (DTX) might be a better alternative considering the projected 50x uptick in price.
Ripple (XRP) Eyes a Breakout and Price Discovery
Ripple (XRP), the leading payment-based cryptocurrency, has been one of the top gainers this year, building on its remarkable performance from Q4 2024. It breached the $3 resistance earlier this month and has been resilient despite rising selling pressure.
Next on its list seems to be a breakout above the current all-time high registered in 2018—$3.8. Crossing this price level will push it into price discovery, with Steph_iscrypto, a top analyst, eyeing a conservative target of $5 while also believing it could go as high as $14. MLKC777, another leading expert on X, expects a rally between $5 and $10.
These bullish forecasts are supported by key technical indicators like the 20-VWMA and the MACD Level (12, 26), positioning Ripple (XRP) among the best coins to invest in. However, to make the most of this year’s bull run, DTX might be the best bet.
DTX Exchange (DTX): A Better Bet Than Shiba Inu (SHIB) and Ripple (XRP)
The ongoing DTX Exchange (DTX) presale, democratized, has been met with much excitement and interest. It crossed $12.8 million in early funding, highlighting trust. Given its huge growth prospects, savvy investors have been betting more on the new DeFi coin over Ripple (XRP) and Shiba Inu (SHIB). With its launch date scheduled for Q1, it is a promising wave not to miss.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.