While the market is constantly going back and forth with the changing sentiments, Shiba Inu (SHIB) and PEPE have failed to rebound as the meme coin community falls back. Meanwhile, the DTX Exchange soars ahead with 50x opportunities in 2024. The hybrid trading platform is also set to reward its holders with the revenue-sharing model for maximum profits.
Shiba Inu (SHIB) To Burn Tokens To Reclaim Value
Ever since Shiba Inu (SHIB) became popular with the meme coin community, its performance says otherwise. This happened because the Shiba Inu (SHIB) team decided to execute a high-volume token-burning campaign to address token inflation by retiring SHIB’s tokens to a dead wallet address.
Although this practice should treat and improve people’s scarcities of Shiba Inu (SHIB) by making it more limited, it has not shown positive results. Despite burning nearly 100,000 tokens lately, which makes 410.72 trillion total tokens burned since inception, the price of Shiba Inu (SHIB) has remained at a stagnant level.
The rising problem is that there is no suitable demand for a matching reduced supply. In the absence of a sharp increase in sponsorship, just implementing a deflationary policy will not help increase Shiba Inu (SHIB) in value.
Pepe (PEPE) Falls Behind As Memecoins Struggle
PEPE has gained some sort of positive momentum in the recent past, especially after its listing on Upbit Exchange in South Korea. The meme token gained 11% as it broke a downward price channel indicating its capability to be a short-term profitable asset. As PEPE’s price collects around the 20-Day EMA, technical indicators are also suggesting higher gains ahead.
Nevertheless, this was the most recent increase, and it has still not recovered as the price of PEPE continues to remain quite down. The token is still searching for ways to add value as an investment in the long run.
Considering the low market value-to-realized value (MVRV) ratio, PEPE is worthwhile for investors interested in potential meme coins, although there are still risks involved. Currently, PEPE is valued at $0.0000078, with its resistance level at $0.0000090 and support at $0.0000065, suggesting that PEPE is still in a turbulent boat.
DTX Exchange Outshines PEPE & SHIB With Revenue-Sharing Model
Given the ongoing circumstances, PEPE and Shiba Inu (SHIB) are in a recovery phase. In the meantime, the DeFi sensation DTX Exchange is breaking previous presale records as it enters the presale round 3 after completing round 2 in record-breaking time.
DTX Exchange encourages holders to retain DTX tokens in order to make certain profits. On the other hand, the tokens are not speculative compared with PEPE and SHIB. Such worldwide constructs by the platform enable the user to earn trading fees and commissions as well as a portion of the exchange’s revenue, which grows as the DTX Exchange gains popularity.
DTX Exchange (DTX) To Outbreak As The 50X Opportunity In 2024
DTX Exchange’s remarkable leverage enables the traders to take up larger positions in the market with just a small amount of capital, which maximizes their returns while controlling the risks. Most importantly, such a non-custodial wallet and no-KYC features of the exchange guarantee traders’ privacy while enjoying numerous trading instruments.
DTX Exchange is not a common exchange but a disruption in the constantly evolving trading space. Its ongoing presale has already raised $1.98 million, with the potential to go beyond $2 million before time.
The grand Testnet launch by DTX Exchange has caught the of the public and attracted a lot of interest. The purpose of this launch is to provide a risk-free way of trialing strategies, identifying and rectifying any bugs as well as improving the overall efficiency in a secure manne.
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Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice.
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