As the cryptocurrency market remains volatile, crypto platform InvestingHaven has shared its Shiba Inu (SHIB) forecast for 2025. At the same time, the NEAR Protocol (NEAR) has experienced a price decline. Its value has dropped below $4 after facing resistance at the $4.5 region.
In other news, DTX Exchange (DTX) has released the APK Version of the Phoenix Wallet—a potential solution to increase the security of digital assets and improve the user experience. Analysts forecast the DTX coin could give holders up to 10x ROI by the end of the year.
Near Protocol (NEAR) Price Plunges Below $4 After Hitting Resistance
Near Protocol (NEAR) has dipped into the red region after meeting with resistance at the $4.50 region. According to CoinMarketCap, the Near Protocol coin is now bearish on the weekly and monthly timeframes. Both timeframes are showing losses of 13.3% and 23.2%, respectively. The Near Protocol crypto is now trading below 50-SMA ($4.68) and has dropped to the $3 region.
If the bearish signal persists, the price of the NEAR coin could plummet down to the $2 zone. However, analysts like Waleed Ahmed think that NEAR is likely to climb to $6.488 in the coming weeks. Also, Trader Dune told his followers his Near Protocol price prediction for this cycle is $13-$14.
Shiba Inu (SHIB) Set for Massive Rally in 2025, Says InvestingHaven
InvestingHaven has predicted that Shiba Inu (SHIB) is set to have a good year in 2025 because of its performance in the market recently. The platform had earlier predicted the price of the Shiba Inu coin could drop to $0.0000144 in October. However, the memecoin showed potential amid high buying interest from investors. The lowest Shiba Inu price on October 3 was $0.00001553, as per CoinMarketCap’s data.
InvestingHaven is confident the cryptocurrency is poised to see huge price growth by 2025. The platform predicted that the value of the Shiba Inu crypto could range between $0.0000144 and $0.0000495. The upper target of $0.0000495 is about a 180% increase from the current valuation of Shiba Inu (SHIB). Currently, the token’s value is above the 50-SMA ($0.00001692), a bullish sign for growth.
DTX Exchange (DTX) Launches APK Version Of Phoenix Wallet
DTX Exchange (DTX), a new DeFi project, is redefining trading with three core features that set it apart: its Phoenix wallet, advanced trading tools, and a hybrid model. The long-awaited Phoenix Wallet is currently available for download and customer feedback. This wallet enables the user to hold a variety of assets, including cryptocurrencies, equities, ETFs, indices, commodities, and others, in one wallet without the need to open multiple accounts or use other wallets.
This all-in-one solution helps traders to manage their portfolios in a single platform. Another advantage of DTX is its availability of enhanced trading tools. Some of the features available to the users include advanced analytics, trading bots, and copy trading features. These tools help both new and professional traders to make better decisions, improve their trading plans, and be in a position to make quick changes when the market changes.
The hybrid exchange model is a combination of the centralized exchange (CEX) and the decentralized exchange (DEX). By giving the users the flexibility of a DEX and the security of a CEX, traders can make quick and cheap transactions without compromising anonymity. The platform’s presale is currently ongoing, and the DTX coin is worth $0.08. The project has raised over $6.6 million in funding and aims to hit $8 million before the end of November.
Final Thoughts
While Shiba Inu (SHIB) is expected to reach a peak of $0.0000495 by 2025, the case might be different for Near Protocol (NEAR). The altcoin is under bearish pressure and could drop to new lows soon. Meanwhile, DTX Exchange’s Phoenix Wallet could become the new benchmark for storage in the DeFi market due to its unique features.
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