It is that part of the cycle when attention shifts to tokens with real-world applications. Looking beyond the hype and memetic appeal of Dogecoin (DOGE) and Shiba Inu (SHIB), investors bet on DTX Exchange (DTX), a new altcoin that blends TradFi with DeFi.
Its one-stop trading platform will allow the trading of over 120,000 asset classes across traditional and decentralized finance. Given its solid fundamentals and significant upside potential, it is on track to become one of this year’s biggest breakout stars among the new DeFi projects.
DTX Exchange (DTX): Beyond the Hype
DTX Exchange (DTX) is a project built around utility, lending the token tangible applications. Its hybrid trading platform is expected to shake the $10 billion global trading market, aiming to make its mark in both the crypto scene and the wider financial landscape.
Unlike Shiba Inu (SHIB) and Dogecoin (DOGE),which depend on hype, DTX boasts real-world applications. Its trading platform will be a one-stop destination for trading diverse asset classes, from forex, stocks, bonds and commodities to cryptocurrencies. Besides being used for payments and investing in tokenized assets, token holders can vote on proposals and be involved in the platform’s governance via staking.
Moreover, as an emerging cryptocurrency, it has significant upside potential, higher than top memes. In round 4 of the presale, a token costs just $0.08, is projected to witness a 100x jump in value after listing on Tier-1 exchanges. With the token already pre-listed on CoinMarketCap, early investors are advised to buckle up for the ride.
Dogecoin (DOGE): Is Being the First Memecoin Enough?
Dogecoin (DOGE) is the leading memecoin and one of the top altcoins. It has led the memecoin movement as a pioneer following its debut in 2013. After several highs and lows, it has risen to the ranks of the top crypto coins.
Unlike utility-driven cryptocurrencies, Dogecoin (DOGE) has no tangible applications; it is primarily driven by hype and popularity. Its memetic appeal revolves around being the first dog-themed cryptocurrency. This appeals to retailers, contributing to the 140% uptick in its value on the yearly chart; the Dogecoin price is above $0.17. According to TradingView, Exponential Moving Average (10) is at 0.15480, which can be interpreted as bullish.
However, as the crypto market shifts gears, the need for more solid altcoins to invest in grows. As a result, sentiment has been shifting away from memes like Dogecoin. While this doesn’t mean it isn’t a good crypto to buy, utility tokens might just outperform memes this time.
Shiba Inu (SHIB): Price Consolidates
Shiba Inu (SHIB), the leading ETH memecoin, is the second-largest meme token. Inspired by a dog, it was designed to follow in the footsteps of Dogecoin. A million percent surge later—after its debut in 2020—it has been a big success.
However, given memecoins’ ability to dump as quickly as their explosive growth, the fear of a Shiba Inu (SHIB) decline is thick in the air. This is one of the many disadvantages that come from holding projects that depend mostly on hype. In the past 7 days, the Shiba Inu price has been up by just 1%, consolidating with no clear trajectory and MACD Level (12, 26) is at 0.00000032, a sell signal.
The coming days will be crucial, considering Shiba Inu could either breakout from its month-long consolidation or plummet further. Seasoned investors are betting on the latter, diversifying into utility-driven projects instead.
Conclusion
As sentiment shifts to utility tokens, investors overlook top memes like Dogecoin (DOGE) and Shiba Inu (SHIB). Instead, traders bet on DTX Exchange (DTX), a new altcoin at the crossroads between decentralized and traditional finance. Boasting substantial growth prospects and solid fundamentals, it is a must-have.
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