The ongoing consolidation movement in the crypto markets started with Bitcoin’s fall and it has triggered a huge domino effect across the crypto marketplace. This downturn in the surging crypto markets was paired with rising inflation figures for the US, which pushed the cautionary brakes for many investors.
Amongst all the craziness, meme Coin darling Shiba Inu (SHIB), which was in a week-long dip, lost many of its investors to DTX Exchange. Surprise performer Fantom (FTM) also lost the little gains it gained during November during the last few hours. Many cautious investors are now moving towards safer investment options like DTX Exchange, which offers more stable and reliable returns.
Meme coin enthusiasts were shocked as Shiba Inu’s recent breakout hit a roadblock abruptly after SHIB’s eagerly anticipated consolidation phase. Despite this, there has not been a noticeable acceleration in Shiba Inu’s price movement, which suggests that the SHIB’s rally has stalled with the rest of the cryptos.
Shiba Inu has lost over 6% of its value over the past 7 days, pushing investors to opt for more stable and reliable investment options like DTX Exchange.
After gaining 58% since the November low and reaching the coveted $1 threshold, Fantom (FTM) price made an 8% pullback. The overall trend remains bullish, but many investors are not waiting for Fantom (FTM) to enter the consolidation phase, and moving to the greener pastures DTX offers.
DTX Exchange is a trending DeFi platform that is creating strong waves in the crypto market. The platform’s presale Round 4 sold out weeks ahead of schedule while hitting its milestone of $8.7 million.
DTX Exchange caught investors’ interest because of its unique structure. The exchange will build a bridge between traditional investors and crypto assets and bring them together on its trading platform. It will offer users access to over 100,000 trading instruments, including a full range of stocks, forex, and crypto pairs.
In addition, the DTX Exchange is offering excellent tools, like the option to tokenize traditional assets so you can use them in crypto deals. They’ve also successfully launched the Phoenix Wallet, a decentralized app that keeps your assets safe.
The fifth presale stage is almost 74% sold. Early participants in the prelaunch already claim to achieve over 200% returns. DTX tokens are currently priced at $0.10, and experts think they could double in value once the token gets listed. If DTX follows the same success path as other altcoins, its CEX listing will bring even more significant gains.
The market saw $470 million of crypto positions liquidated over the last 24 hours. Many coins have lost positions and investors are now in the mood to pick more stable altcoins that are reliable and will give guaranteed returns.
Popular coins like Shiba Inu (SHIB) and Fantom (FTM) have lost investors to DTX Exchange. They are attracted by the rapid and sure gains that the altcoin will offer with little of the current drama that other altcoins are offering.
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