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Tron (TRX) is taking the lead by announcing a significant fee reduction to promote developer activity. In the past, these incentives have led to major bullish developments on the Tron Network. On the other hand, the DeFi platform DTX Exchange has crossed Shiba Inu's price momentum since the launch of its latest product.
Tron (TRX) Preparing For Its Next Bullish Rally?
The Tron Network was the most active blockchain in August 2024, with surging development activity. Projects like SUNDOG were market leaders at the time, along with an expanding memecoin ecosystem on the blockchain. Since then, Tron saw a period of slowdown with a minor decline of over 3%.
However, the network has now decided to incentivize development activity by announcing a 50% decrease in network fees. This will encourage developers to establish products on the Tron Network and have a direct impact on Tron (TRX). In the past 24 hours, TRX has jumped over 1.63% to hit $0.1691. Another positive development for Tron has been the increase in revenue and active addresses on the blockchain.
According to data by CryptoGICS, Tron surpassed a revenue of $45.5 million in October. The number of active addresses on the network was over 2.1 million. These metrics were second only to Ethereum, showcasing Tron’s strength.
DTX Exchange (DTX) Attracts 120,000 Users With Wallet Launch
Hybrid trading platform DTX Exchange has become the center of attention with the upcoming launch of the Phoenix Wallet. The DTX ecosystem is amongst the most anticipated releases of the year, and it has a suite of power-packed features. Traders can use DTX Exchange to trade stocks, forex, cryptos, and over 100,000 financial instruments.
With the DTX Exchange trading application, users can access up to 1000x leverage on their capital. This means massive profit opportunities on even the smallest movements in the market. Backed by the VulcanX blockchain, DTX is expected to support an industry-leading throughput of over 100,000 transactions per second. These metrics will make it a worthy challenger to the likes of SUI and Solana.
Investors can become an early part of the DTX Exchange ecosystem by joining the ongoing presale. This democratized offering allows traders to get DTX tokens at discounted prices and offers a range of other benefits. Holders can access discounted trading fees, staking rewards and get profit shares on DTX profits through a lucrative Rebate System.
In the current 4th round, tokens are available at $0.08, but over 60% of the supply is already sold, making DTX a highly in-demand asset. It is not surprising to see this response from the market, considering the listing price of $0.20, up 200% from the current price. Additionally, if the current trajectory continues, a future exchange listing could even see growth of over 10,000% when DTX carves out a sizable chunk of the global $200 billion trading industry.
Shiba Inu Price Analysis: SHIB Underwhelms Despite Shibarium Upgrade
Shiba Inu price has failed to show momentum despite significant improvements in the Layer 2 blockchain Shibarium. The memecoin has been compared to the likes of Dogecoin but bulls have failed to push price momentum. Even with the broader crypto market bracing for a historic rally, Shiba Inu has lagged behind due to a bearish memecoin trend.
Source: TradingView
Another reason for Shiba Inu Price's sluggish performance is the shift towards utility-based projects. SHIB is currently down 2.32% on the daily charts and struggling to break resistance around $0.000021. However, experts think that once the capital rotation process shifts, Shiba Inu Price will see some relief in December.
Conclusion
While Tron (TRX) is expected to rally in the coming months,, and SHIB is going through a correction, DTX Exchange is continuing to gain traction. Based on its growth pattern and current benefits for holders, it is poised to become one of the best prospects in the altcoin world. However, it is essential to keep a keen eye on DTX because supply is running out fast, even before the exchange listing.
To know more about the DTX Exchange ecosystem, Check out:
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.
