Shiba Inu (SHIB) has spent August in turbulent waves, struggling in the rapidly shifting crypto market. Meanwhile, Dogwifhat (WIF) has shown remarkable improvement, surging its trading value by 8.10% in the last 24 hours. The emerging DeFi platform DTX Exchange has outshined the status quo with its booming presale frenzy, raising $1.55 million with strong momentum.
Shiba Inu (SHIB) In Turbulent Waters Post The Coin Burn
Shiba Inu (SHIB) anticipated enjoying upward momentum after its recent burn transaction execution, which took place five days ago. The event saw a total of 1.7 million Shiba Inu (SHIB) burn. The Shibburn showed that the last burn transfer took place two days ago, which produced below 100K Shiba Inu (SHIB).
The Shibburn platform has displayed a “frozen rise” status in the Shiba Inu (SHIB) burn rate for the last 48 hours. A recent tweet by the same platform points out that the daily Shiba Inu (SHIB) burn rate is currently zero at the moment, while the weekly rate has slumped by a whopping 85.23%, with over 7 million Shiba Inu (SHIB) coins sent to other wallets in the last seven days.
The ongoing burn activity surrounding Shiba Inu (SHIB) has raised concerns about its reliability and future price performance. Investors are moving away from the ‘once-popular’ meme coin to explore other projects for stable growth and maximum gains.
Dogwifhat (WIF) Goes Bullish: Investors Might Hold For 10x Gains
The Solana-based memecoin, Dogwifhat (WIF), has had its fan-favorite following since its launch. Trading at $1.62, Dogwifhat (WIF) has surged by 8.10% in the last 24 hours, indicating a bullish sentiment. While Bitcoin (BTC) is doing its best to reclaim the $70,000 mark, the ongoing altcoin market sentiment may deliver low returns for Dogwifhat (WIF).
On the other hand, other technical platforms have gone bullish on Bitcoin’s unexpected page. This can technically move the entire market sentiment and drive a bullish wave among other altcoins. Dogwifhat (WIF) might rebound by 200% by the end of September and hit an all-time high of $5.
Even though the projected rebound for Dogwifhat (WIF) looks pretty decent, investors are growing insecure about the asset, given its turbulent trajectory. The technical indicators of Dogwifhat (WIF) suggest that the altcoin is currently in a neutral zone and its ‘Fear and Greed’ index is 39, which points toward fear.
DTX Exchange (DTX) Outperforms SHIB & WIF With 700% Rally
While the meme-coin community struggles with the rapidly shifting market movements, the DTX Exchange (DTX) has remained unharmed. This hybrid trading platform has defied the market trends by consistently progressing in its ongoing presale round. Its most anticipated presale round has raised a mind-blowing $1.55 million as of August 22, with only 20% of tokens left.
Dogwifhat (WIF) and Shiba Inu (SHIB) investors are moving toward this Ethereum-based blockchain platform, which offers 1,000x leverage, distributed liquidity pools, multi-tier accounts, non-custodial wallets, and more. New traders are increasingly buying DTX tokens to secure larger positions for maximum gains when the coin nears its launch.
Given the highly bullish trajectory of this emerging hybrid platform, many ranked meme-coin networks have failed to keep up with DTX’s growing adoption. As DTX gears up to roll out its cutting-edge features in August, investors are growing impatient about the grand announcement that will skyrocket their investments by 25x.
Investors To Offload Plunging Altcoins To Buy DTX Tokens
The current market sentiment that’s got Bitcoin (BTC) struggling to regain its $70k mark has forced other altcoins to slump from their support levels down to critical levels. While investors move out from Shiba Inu (SHIB) and Dogwifhat (WIF) to new emerging projects, DTX Exchange leads the altcoin pack with up to 700% potential rally in 2024.
For new or experienced traders seeking huge gains in the upcoming bullish cycle, expert crypto analysts highlight the DTX Exchange as the highly successful DeFi project of 2024, with lucrative opportunities and a unique value proposition.
Learn more:
