The recent Shiba Inu (SHIB) burn has not impressed the market. The SHIB price has deflected from the upper resistance and dipped below the $0.000014 level. As Shiba Inu (SHIB) has failed to meet the expectation of a new rally, investors are shifting to better cryptos ready to break out.
Many companies are integrating Chainlink (LINK) for the cross-chain ecosystem, which indicates the ongoing development of blockchain. Along with Chainlink (LINK), DTX Exchange (DTX) has also made some notable developments with the launch of the VulcanX feature, which integrates a hybrid model. This development in DTX has pushed its presale beyond $2.6 million in just two weeks.
Shiba Inu (SHIB)’s Massive Burn Has No Effect On Price
The Shiba Inu (SHIB) community recently carried out a major coin burn. SHIB holders burned over 11 million coins by transferring them to wallets that can’t be accessed. This boosted the burn rate by several hundred percent, fueling hopes for a future price rally. Following the news, the Shiba Inu community shared their excitement, continuing their efforts to reduce the number of Shiba Inu (SHIB) coins in circulation significantly.
However, despite a major burn event, there hasn’t been any major effect on the Shiba Inu (SHIB) price. After the burn, SHIB’s price tried to break above the $0.000014 level. Shiba Inu investors are moving out of the funds and trying their hands at newer opportunities.
ZKSync Integrates Chainlink (LINK) for Improved Cross-Chain Solutions
Recently, ZKsync announced its integration with the Chainlink (LINK) Cross-Chain Interoperability Protocol (CCIP). In a joint statement, the two companies mentioned how the merging of their foundations will help Layer 2 of Ethereum.
The Chainlink (LINK) CCIP framework equips developers with the ability to create interoperable decentralised applications that converge decentralised finance and traditional financial systems. ZKSync, by integrating Chainlink (LINK), turns financial institutions from blockchain non-users to blockchain adopters. Thus, the institutions can easily manage their assets, and the transaction process is completed securely and transparently.
DTX Exchange (DTX): Rising Star In DeFi With Potential Gains Ahead
The DTX Exchange has gained strong investor interest, with continuous development in the ecosystem. Currently, DTX tokens are priced at $0.06 in this round, with expectations to increase to $0.08 by round 4. DTX Exchange will launch its all-in-one wallets in October, positioning itself as a top-tier exchange globally.
DTX Exchange offers advanced features and trading options, appealing to investors seeking stability amid uncertain market conditions. The platform allows users access to over 120,000 asset classes, including gold, bonds, and cryptocurrencies, without requiring KYC at signup—holders of the DTX token benefit from access to advanced analytics and reduced trading fees.
DTX Exchange is already taking market share from traditional exchanges, with over 46,000+ users joining. This number is exponentially growing as the presale ends, and the token will be listed on all exchanges next month.
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