The meme coin sector is seeing an upswing with renewed investor interest in meme coins. Dogecoin (DOGE) and Shiba Inu (SHIB) are notable coins that have shown resilience in defending support levels and reversing a decline in community sentiment with renewed hope.
Additionally, DTX Exchange presale is leading the way with bullish batch 3 gains as Dogecoin (DOGE) and Shiba Inu (SHIB) embark on a bullish recovery. Institutional demand for its groundbreaking tradFi feature has helped DTX Exchange outperform major altcoins exhibiting bullish breakouts post-launch.
Whale activity fuels rising momentum for Shiba Inu (SHIB)
The second largest meme coin, Shiba Inu (SHIB), is breathing a sigh of relief after a rocky road that saw it consistently drop in price by 7.6% over a seven-day period. Shiba Inu’s (SHIB) increased burning activity and active community are impacting its price performance as investors see it potentially growing further with new on-chain features to boost engagement.
Data from IntoTheBlock also shows that Shiba Inu (SHIB) has shuffled $1.97 trillion in the past 48 hours, with whale trading surging by 282.8%.The trendline suggests that Shiba Inu (SHIB) may soon break out of the strong bearish momentum and range-bound movement and a bullish breakout may occur if it crosses the $0.000016 threshold level.
Dogecoin (DOGE) wallet holdings reach 341.14 million in just a few days
Dogecoin (DOGE) is trading sideways with modest gains as bears and bulls fight for dominance. The meme coin’s rally halted after news of a 119.67 million DOGE sale, but optimistic data from IntoTheBlock showing an increase in Dogecoin (DOGE) wallet inflows from 50.29 million DOGE to 341.14 million DOGE helped balance out weaker community sentiment.
This trend coincides with whale sentiment, who buy large amounts of crypto when prices dip in order to make extra profits by adding risk factors.Dogecoin (DOGE) is looking to retest the $0.1 threshold with a 2.3% intraday rally. While the final decision is still unknown, Dogecoin (DOGE) is showing tenacity to defend its title, and bulls may gain enough strength to drive the price to higher highs in the coming weeks.
DTX Presales Rally Shows Strength, Breakout Nearing
DTX Exchange (DTX) is fast becoming one of the best cryptocurrencies to buy as institutions and financial advisors around the world turn to end-to-end trading platforms with the best centralization and decentralization features. The project leverages significant competitive advantages over the existing market with AI-assisted automation, 1000x leverage, integration of stock-crypto pairs, and more.
The project exceeded expectations by raising a groundbreaking $2.48 million in the third batch of its public presale. DTX Exchange has eliminated gas fees and facilitated seamless and secure transactions with its hybrid blockchain Layer 1 technology and VulcanX updates. Community members can earn passive income through mega airdrops and liquidity provision.
The platform is committed to a user-friendly story by providing users with cutting-edge tools to access 120,000+ assets and make bigger profits. The current presale price is $0.06, but as the presale continues to move towards the mainnet launch, it could cross $1, promising bullish returns for whales.
Conclusion
DTX Exchange (DTX) is poised to lead the upcoming altcoin rally on bullish presale momentum, but the rally in Dogecoin (DOGE) and Shiba Inu (SHIB) may be short-lived. DTX’s utility-based tokenomics and its high-tech trading solutions will be a must-have addition to reap big gains once launched on the exchange by Q4 2024.
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