Since the inception of Dogecoin, memecoins have been popular among crypto enthusiasts, and again, they performed well in the first base breakout at the bull rally. While DOGE consolidates after the recent runup, Shiba Inu (SHIB) has retraced significantly to the 0.5 Fibonacci level.
However, memecoins mostly move because of the hype around them that makes them suitable for small gains. At the same time, potential utility coins like DTX Exchange (DTX) are mid to long-term bets that can make investors millionaires.
This guide will discuss the profit targets for Dogecoin (DOGE) and Shiba Inu (SHIB) and the factors that make DTX Exchange a lifetime investment opportunity.
Dogecoin Trades Under Flag Pattern Eyes $0.5 As Near Target
The Dogecoin mini correction has continued after the recent frenzy rally. For the last eight sessions, DOGE has been trading below the $0.45 resistance level under flag formation. While it aims for new high negative sentiments, it could also push the Dogecoin price below the local support of $0.35, which could be the start of a short swing. The target of $2 for the short seems unachievable, but maybe it can achieve it in the long term.
Exchanges in South Korea such as Upbit and Bithumb showed that Dogecoin is dominating the trading volume compared to Bitcoin. The price of the coin has risen by more than 100% in the last two weeks, including endorsements from personalities such as Elon Musk. The resistance on the $0.50 line could be a daunting challenge for Dogecoin as it is a significant psychological level of resistance.
Shiba Inu (SHIB) Drops 24%, Dip Buying Opportunity?
Shiba Inu (SHIB) joined the market rally along with Dogecoin. However, Shiba Inu’s (SHIB) pullback is bigger than Dogecoin’s, as it has dripped 24% from the recent swing high. Despite minor market dips, SHIB’s strong momentum hints at growth potential for 2024.
The Shiba Inu (SHIB) price looks wired to get some positive momentum as the SHIB burn rate is worth about 1,000% now. This strong burn procedure significantly decreases SHIB ‘s circulating supply thus building the upward drive. Currently, Shiba Inu (SHIB) is priced above $0.000023. Recently Shytoshi Kusama addressed the wonder about the Shiba Inu (SHIB) ecosystem’s future, responding to the growing curiosity of community members about what is coming next for SHIB.
DTX Exchange (DTX) Becomes Top ICO Of 2024
On Monday, DTX Exchange (DTX) entered the fifth stage, reaching the $8.3 million mark on the first day. With this milestone, DTX Exchange has become one of the top presales of 2024 because of record investor response. According to presale experts, the increase in DTX Exchange’s ranking is due to the rapid developments in its ecosystem.
DTX Exchange’s unified platform is a hybrid exchange technology that enables multi-asset trading. Investors are looking for DTX’s trading system , which assures a trading experience with features such as a simple interface, 1,000X leverage, and the use of diverse trading instruments.
The DTX Exchange has also made a community benefit program which is the longing to have a beneficial influence on the DeFi market and its position of strength. The DTX community members can benefit from revenue-sharing model that has been designed to create passive income and they are happy to use it.
The rating agency’s report recently stated that DTX’s current token price of $0.1 is significantly undervalued compared to the overall strength of its fundamentals and potential for amazing growth. As DTX presale observed a $720k bulk deal on Tuesday, institutional investors have already identified the opportunity. DTX ICO is about to conclude very soon, so it is the last opportunity for investors to be part of this revolutionary exchange at a discounted price.
Learn more:
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