TheCryptoUpdates
Press Release

Memecoin Hype Sinks as Traders Shift to Utility Tokens; DTX Exchange Under Spotlight

The meme market is witnessing a massive 6.5% decline in its market share, dropping below the $45 billion mark. Legacy memecoins like Shiba Inu (SHIB) and Dogecoin (DOGE) are leaving investors in losses due to their lack of real-world utility and notable downtrend over the past several weeks. 

Many large-scale investors are turning their focus to real-world tokens like DTX Exchange (DTX). The hybrid platform stands out for its ground-breaking offerings in the tradFi sector, including the cutting-edge marketplace for all financial sectors. Currently in presale, the project is rapidly growing to become the next biggest exchange in the deFi sector. 

DOGE Price Struggles After Investors Liquidate $60M Dogecoin

Dogecoin has taken notable steps in the utility market this year with key integrations and collaborations. Still, Dogecoin is far from matching with real assets that add value to the deFi sector and daily life use cases. Following the recent DOGE price drop, investors have liquidated $60 million in Dogecoin, shifting to other crypto ventures for gains and sustainable growth. 

Moreover, the recent disassociation of Dogecoin from X payments has led community members to speculate with hopes and disappointments. The DOGE price has been struggling for the past few weeks, witnessing a notable price drop of 27%. While reversal trends are plausible, investors still hesitate to bet high on Dogecoin due to recent market trends. 

DOGE price stands at a crucial breaking point with RSI at 33, indicating a potential recovery. As in the oversold zone, buyers can come soon into action, pushing the DOGE price to upper support levels. On the flip side, if bulls fail to exert pressure on the meme token, the DOGE price can drop below $0.1.

Shiba Inu (SHIB) Drops 31% Amid High Volatility and Scam Activities

Shiba Inu (SHIB) price is struggling to maintain market dominance with a 31% decline on the 30-day chart. Shiba Inu (SHIB) investors are speculating about its future trajectory amid high burning rates and increasing scam activities. Despite the recent integration with Crypto.com’s Visa card, Shiba Inu (SHIB) is far from a utility-based token. 

Paper hands are selling SHIB tokens at high levels as indicated by a 102% surge in the transactional volume of the token. Similar to other top memecoins, Shiba Inu (SHIB) is displaying signs of recovery as the broader market optimism grows. What threatens its market dominance are the brighter prospects of emerging 1000x leverage DTX Exchange. 

DTX Exchange Presale Frenzy Surges Beyond $730,000 

DTX Exchange is under global spotlight, emerging as the first L1 project at ICO stage. The platform leverages industry-backed cutting edge technologies, offering scalability and extensive use case. Through its 1000x leverage feature, traders can gain higher market positions and make millions with minimum capital. 

DTX Exchange presale has achieved a significant milestone as the presale is gaining momentum. Raising more than $730,000 in stage 2 with continuous influx can soon push the price of tokens to $0.06 from the current price of $0.04. Due to the global scope of DTX Exchange and robust security, investors are flocking to buy this emerging standout token for 100x gains. 

DTX Team Announces VulcanX Update

DTX Exchange is catching the market’s attention with its VulcanX update. The platform offers gas free trading through the update, enhancing the trading experience for traders from all sector. With blockchain layer 1 technology and lightning-fast execution speed, DTX Exchange will soon replace legacy marketplaces due to its hybrid model. 

 

Learn more: 

Visit DTX Presale

Read Whitepaper

Join The DTX Community 

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