The crypto market has witnessed a slight pullback in the first week of December, but crypto analysts have said that many top crypto coins will rally to new heights. With this in mind, whales have taken advantage of the correction to stock up their portfolio.
Data reveals they have been buying Dogecoin (DOGE) and this 10x potential coin called DTX Exchange (DTX). Meanwhile, analysts forecast the value of Shiba Inu (SHIB) might soar to $0.00004 in the coming days.
Dogecoin (DOGE) Could Pump To $1 As Whales Accumulate 160M DOGE
Over the past month, the price of Dogecoin (DOGE) has been consolidating between $0.15 and $0.475. All attempts to breach the upper range have failed, a move that could push the Dogecoin crypto closer to the $1 psychological level. In the first week of December, the Dogecoin price is up 7.5%, per CoinMarketCap.
Also, the memecoin has a monthly gain of 164.0%. Analysts say DOGE climbing higher depends on it breaking the $0.475 resistance. In the meantime, whales have gone on a buying spree. Data from Santiment, highlighted by Ali Charts, revealed they bought over 160 million DOGE over the weekend.
This increase in whale accumulation shows optimism and could push the Dogecoin price USD to higher levels. Besides, the token’s Fear and Greed Index is in the Extreme Greed Zone, which signals high investor interest.
DTX Exchange (DTX) Crosses $9.3 Million As Whales Increase Purchase
The current DTX Exchange (DTX) presale has attracted a lot of investors, and the token’s price is expected to increase as the platform grows in popularity. Whales are already accumulating DTX at $0.12, leading to the DeFi project raising over $9.3 million. While the DTX coin has already increased by 500% from its initial price of $0.02, analysts expect the coin to rise by up to 10x because of its unique platform.
DTX Exchange provides its traders with a full and easy-to-navigate trading environment that will be useful for both small and large investors. Among its features, the platform offers multi-asset trading, which lets people work with more than 120,000 asset offerings that include cryptocurrency, stocks, precious metals, oils, and bonds.
These many choices allow a trader to spread their risks and hold multiple assets without having to open multiple trading accounts. Another advantage of this platform is low trading fees, especially for DTX token holders. This feature is useful to active traders who want to get the most out of their trades. Furthermore, the platform is powered by the VulcanX blockchain, which provides traders with improved security.
Analysts Forecast $0.0000400 As Shiba Inu’s (SHIB) Next Target
Shiba Inu (SHIB) caught the attention of investors lately after it crossed $0.00003 over the weekend. Analysts like Apluto argue that SHIB is the next meme coin that could see massive gains in the coming weeks. Another expert called $SHIB KNIGHT told his followers the next leg for the Shiba Inu coin is $0.0000400. Shib Spain gave a similar forecast. They forecast the Shiba Inu price could rally to $0.000038 on one condition.
The meme coin has to remain above the support level at $0.00002811. In the meantime, the Shiba Inu crypto has fallen below $0.00003 but holds above the support. CoinMarketCap data shows the cryptocurrency is still in profits despite the pullback. Shiba Inu (SHIB) has gains of 17.3% on the weekly chart and 69.5% on the monthly timeframe. Meanwhile, the Fear and Greed Index is displaying greed, a sign investors are still optimistic.
In Summary
Whales are showing interest in Dogecoin (DOGE) and DTX Exchange. They expect the value of both coins to skyrocket in the coming weeks, making them the best cryptos to buy now. Meanwhile, Shiba Inu (SHIB) could soar to $0.00004 if it remains above a crucial support level.
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