After a run last week, Near Protocol and Shiba Inu are retracing to near-support levels. Near Protocol has retraced from $8.54 to $7.36, while Shiba Inu has retraced from a high of $0.000029 to $0.000024, a more than 15% decrease. Fearing further decline, investors from both communities are shifting to the presale of DTX Exchange as they announced profit sharing with coin holders.
DTX Exchange has announced an exciting profit-sharing initiative with its token holders. This move is part of a broader effort to attract more investment and participation by offering tangible benefits to those who stake their tokens on the platform. Holders of DTX tokens can look forward to revenue sharing, which is tied to the exchange’s trading volume, which continues to grow significantly.
After an up move, Near Protocol has retraced to its 50-day moving average. Neat Protocol continuously shows signs of bullishness, with just 15% down from its all-time high, while other coins are down more. $8.10 continuously acts as resistance for the NEAR, a break of which could result in an all-time high for the coin.
NEAR Protocol is a layer 1 blockchain that aims to offer better scalability and user-friendliness compared to blockchains like Ethereum. It features a unique sharding architecture that divides the blockchain into smaller sections. This allows it to handle many more transactions simultaneously, making it extremely scalable and capable of processing up to 100,000 transactions per second.
NEAR uses a proof-of-stake (PoS) system, where validators help secure the network by staking NEAR tokens. This approach ensures the network remains secure and prevents a small group of powerful stakeholders from having too much control, keeping the system decentralized. Validators are chosen through an auction every 12 hours, known as an epoch, and token holders can choose to delegate their stakes to their preferred validators.
The Shiba Inu community has stepped up its efforts to burn tokens, destroying millions to improve the cryptocurrency’s market value during a downturn. In just a few hours, they’ve burned over 4.5 million SHIB tokens, marking a dramatic 207.81% increase in the burn rate.
Shiba Inu (SHIB) is a cryptocurrency known as a “meme coin,” inspired by internet memes or funny ideas. Created in August 2020 by someone anonymous named “Ryoshi,” it’s designed to be a lighthearted and community-focused digital currency, much like Dogecoin.
How the market reacts to this profit-taking phase will play a key role in determining the short-term price of SHIB. If the market can handle the selling pressure, the price might stabilize or even increase. However, if selling continues, it could challenge the support levels of SHIB.
Amid the market correction, DTX Exchange is attracting investors with its recently announced profit-sharing initiative with its token holders, creating a compelling incentive for investors. This strategy benefits holders directly from the exchange’s trading volume growth. By staking their tokens, holders can earn a share of the profits generated by trading fees, aligning the interests of the users and the platform.
In addition to profit sharing, DTX Exchange offers several innovative features to enhance user experience and broaden investment opportunities. These include options for high-leverage trading, a fully on-chain order book, and access to various financial instruments such as equities, cryptocurrencies, and contracts-for-differences (CFDs).
The platform emphasizes superior price execution and minimal slippage, catering to novice and experienced traders. Furthermore, DTX tokens provide users with trading capabilities and governance rights, allowing them to participate in the decision-making processes that shape the platform’s future.
With the presale in stage 2 ongoing, tokens are priced at just $0.04, which analysts consider highly undervalued. This is a great opportunity for investors to take a position on the DTX Exchange.
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