Shiba Inu Traders are Flipping to Utility Altcoins: Which Altcoins Are They Buying?

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While there is no doubt that the overall market sentiment is on the bearish side, there are still opportunities for investors willing to look for high-utility offerings. There are undiscovered altcoin gems available for investors willing to explore. As the overall corrections push hyped coins back to their original valuations, utility projects like Cardano and DTX Exchange are emerging as high-gain options. 

Out of these two, what is surprising is that the ICO project, DeFi-based, hybrid trading platform DTX Exchange (DTX) is winning as the best choice for investors. With over 800% ROI, it has outperformed the returns of both Cardano and Shiba Inu prices.

The global trading industry is worth over trillions of dollars. If DTX Exchange carves out

a small share, the platform will hit a multi-billion dollar market cap. Combined with its token cap of 475 million, DTX investors will be set to make gains of over 1,000%. This makes the current price of $0.18 a steal.

SHIB Investors Fed Up With Dropping Shiba Inu Price

The SHIB network is the second largest meme coin network, and with the overall meme coin sector under scrutiny and the meme sector crashing after the Libra collapse, the Shiba Inu price is gradually losing all the value gained from the market surge that started in November 2024. 

SHIB’s trading data shows a steady downward trend in Shiba Inu price as it dropped below key support ranges. The Shiba Inu price has plunged by 6% in the weekly and 24% on the monthly charts. If the current trend continues in the SHIB chart, the meme coin could drop below the key $0.000015 support range. 

Cardano Regains Momentum As Technical Improvements Pile Up

Like most other altcoins, Cardano was also under a correctional phase in the past few weeks. However, the price charts are showing some upward movement right now. The Cardano price has risen by 2.0% in the daily timeframe and has gained the crucial $0.79 price range. If the momentum continues and the $0.80 range is crossed, Cardano could surge over the $1 range. 

However, regardless of the multiple technical developments and improvements that the network has implemented, the broader market sentiment is trending toward bearish. This, coupled with a glaring lack of market momentum, means that Cardano is unlikely to regain significant value in the current markets. This explains why both SHIB and Cardano investors are moving to the DTX bonus round to cash in on the last chance to buy this viral token at a discount. 

DTX Exchange (DTX): The Trading Revolution 

DTX Exchange (DTX is revolutionizing trading with its hybrid centralized and decentralized exchange system. Through this groundbreaking platform, traders can buy and trade between digital currencies, equities, forex, futures, ETFs, and tokenized ETFs.  

The platform does not need a KYC policy, meaning that its users’ personal information is not checked, and everyone can trade through its non-custodial wallet, the Phoenix Wallet. This means that traders on DTX Exchange (DTX) get full control over their funds and their private keys. 

Compared to the high trading fees and signup requirements imposed by conventional

exchanges, DTX provides a streamlined trading ecosystem. The platform is superior to usual

crypto platforms because of its large asset range and offers complete transparency through

its core blockchain-based system.

Conclusion 

As the Cardano and Shiba Inu price movements continue to disappoint investors looking for high gains, the DTX Exchange is emerging as a strong option to pick. 

In the presale stage, DTX Exchange has raised over $14.8 million, and the DTX token has risen to $0.18, which is 800% over its initial value. Investors get to enjoy lower trading fees, staking, and governance privileges. This makes the current price of $0.18 a steal.

To know more about the DTX Exchange ecosystem, check out: 

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Disclaimer: This is a sponsored press release 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.

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