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Shiba Inu (SHIB) and Ripple (XRP) are sailing through a bearish setup after $550M liquidations on October 23. This bear run has pushed analysts to judge their key support and resistance levels and their potential to recover to previous highs critically. Amid this market trend, another emerging player, DTX Exchange (DTX), is storming higher with its first-ever hybrid blockchain.
DTX Exchange (DTX) emerges as a transformative force, pushing harder to beat established blockchains of Ripple (XRP) and Shiba Inu (SHIB). Analysts hint at a price explosion in DTX after its anticipated Q4 listing as the presale demand soars for its blockchain schemas and other cutting-edge tradFi features.
DTX Exchange Dominates With First-Ever Hybrid Blockchain
DTX Exchange (DTX) has been the talk of the town with its ground-breaking tradFi features and a $5.9M presale in batch 4 of its public presale. The platform leads the market competition with innovative trading schemas and community-centric tools like algo, copy, and quant trading, advanced automation, and 1000x leverage for maximum profits.
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DTX Exchange (DTX) has surpassed the performance of existing blockchains by performing 10,000TPS on its newly launched first-ever hybrid layer-1 blockchain called ‘VulcanX’. Moreover, the blockchain hosts a variety of financial markets and 120k+ assets including forex, cryptos, bonds, equities, CFDs, and commodities.
The introduction of KYC-free onboarding with non-custodial wallets has placed it ahead of its competitors as the platform solves liquidity and security concerns with its hybrid model. Traders can buy the DTX tokens for $0.08 in the ongoing presale round before it moonshots to $2 with a mind-blowing 50x surge after its Q4 mainnet launch.
Shiba Inu (SHIB) Charts Decline Amid Shibarium Criticism
Shiba Inu (SHIB) leads the memecoin sector with its bullish history and massive price pumps. Despite being a memecoin, Shiba Inu (SHIB) has its native blockchain Shibarium, boasting a large community of memecoin enthusiasts. Shibarium made headlines on October 7 after its on-chain activity rose by 1500% driven by old accounts.
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Analysts are criticizing this Shiba Inu (SHIB) metric as its blockchain has a very low number of new addresses. The decreasing total value locked on Shibarium is also raising questions about its prospects. As Shiba Inu (SHIB) moves ahead with significant bearish pressures, the lack of influence of its native blockchain and high activity has invited crypto whales to re-evaluate their investments in the SHIB ecosystem.
Whale Sell-Offs Hit Ripple (XRP) Hard Amid Legal Tensions
Ripple (XRP) is tanking to the $0.5 support level after a bearish blow struck the crypto market. Whales have sold huge amounts of XRP to mitigate losses, especially when its ongoing legal battle has reached a critical turning point. Ripple (XRP) is in no way near the $1 rally as experts expected despite ledger enhancements and other collaborations globally.
While Ripple (XRP) might be emphasizing the better, faster, and more secure blockchain performance, the declining price prospects worry investors. The massive 9% price fall over the past 30 days has yielded big losses for long-term traders and more downside is expected from Ripple (XRP) as its legal case continues to escalate after the C-Form submission deadline.
Why DTX Exchange (DTX) Is The Top Investment For 2024
As Shiba Inu (SHIB) and Ripple (XRP) face mounting bearish pressures amid technical and legal tensions, DTX Exchange (DTX) dominates with its first-ever hybrid blockchain and a $5.9 million presale. With the support of tech enthusiasts and large whales, DTX is poised to deliver unparalleled growth in 2024 for investors seeking more than just memecoin hype and short-term gains.
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