Leader cryptocurrencies like Bitcoin and Ethereum are trading near their all-time highs and exhibiting constructive price action. We are on the edge of starting a new bull rally in the crypto market. The most important thing is to invest in the right coin to capitalize on this bull rally.
Memecoins have been investors’ favourites from the start, and the hype has caused their prices to shoot up in the previous years. Now, in the coming bull market, memecoins like Shiba Inu (SHIB) and Digwiphat (WIF) are setting up to touch new highs. Another coin that institutional investors are betting on is the DTX Exchange (DTX). It is the first hybrid exchange and is expected to revolutionize the exchange space.
After breaking the bearish wedge pattern, Shiba Inu (SHIB) is trying to reverse the trend. It is currently in crucial support, which will decide the trend of the Shiba Inu (SHIB). However, a massive 7300% surge in the Shiba Inu (SHIB) burn rate has sparked optimism about the token’s future. According to Shibburn, millions of Shiba Inu (SHIB) coins were burnt recently.
Shibburn’s data from July 29 shows a remarkable 7334.38% increase in the burn rate, with 2.37 million coins destroyed. This burning reduced Shiba Inu (SHIB) total supply to 589.27 trillion SHIB.
Shibarium, Shiba Inu (SHIB) Layer 2 solution, recently surpassed 6 million blocks, marking a significant milestone for the coin’s ecosystem. Despite the decrease in supply, the Shiba Inu (SHIB) price remains volatile, defying usual market dynamics and keeping market participants guessing.
Dogwifhat (WIF) is currently trading at $2.32, with a market capitalization of $2.31 billion and a circulating supply of 998.84 million tokens. After a 90% recovery, the Dogwifhat (WIF) price has decreased by 1.96% in the past 24 hours and 11.37% over the last week. Currently, the Dogwifhat (WIF) price is trying to hold its support zone, indicating strong investor interest and market activity.
Among memecoins, Dogwifhat (WIF) stands as the fourth largest overall and the top Solana memecoin. After the recent double bottom, Dogwifhat (WIF) has bounced back robustly, recovering over 53% from its monthly low.
The DEX market, though young, shows immense promise. While it still trails behind centralized exchanges, DEXs have grown significantly, with their share of total trading volume jumping from under 1% in 2020 to over 10% in 2022. Unlike traditional exchanges, users keep control of their crypto within their wallets, offering greater autonomy.
DTX Exchange is making waves in the cryptocurrency community with its unique features and positioning in the DEX market. Thanks to key elements like distributed liquidity pools, non-custodial wallets, 1000X leverage, and no KYC requirements, it’s emerging as the top presale of this bull run.
With over $1 million raised in stage 2, the ongoing DTX presale has exceeded all expectations. This overwhelming support highlights the great potential of DTX’s DeFi strategy. Priced at $0.04, the token holds significant promise.
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