With meme coins like Shiba Inu (SHIB) and Pepecoin (PEPE) on a surge, investors are seen as excited about the meme coin rally. However, savvy investors like smart Chinese whales are shifting to this emerging DeFi marvel- the DTX Exchange. The hybrid platform’s soaring potential has become a magnet for whales!
Let’s explore the price actions and market movements of these altcoins!
Shiba Inu (SHIB) Burns Show 320% Spike
Over the last 24 hours, the Shiba Inu (SHIB) burn index jumped to the 320.33% level within approximately two hours. This was achieved thanks to the overall burns of 10,312,196 Shiba Inu (SHIB) conducted by the meme coin’s community over the last 24 hours.
The largest batch of Shiba Inu (SHIB) was burned in the past two hours, with 6,942,069 SHIB locked in unspendable wallets in a single transaction. The second biggest burn transfer carried 3,316,000 SHIB, while overall, so far, only four burn transactions have been made.
The initiator of the recent transactions, which transferred 6,942,069 Shiba Inu (SHIB) to an unspendable wallet, is unknown. However, the comments under that tweet on the Shibburn account hint that it may have been the SHIB team, and the burn was made on Shibarium automatically.
The innovation announced back in January now conducts all Shiba Inu (SHIB) burns automatically by converting BONE tokens into Shiba Inu (SHIB) and then sending them to dead-end wallets. The massive burning of Shiba Inu (SHIB) tokens causes a rally for the meme coin.
Pepecoin (PEPE) Pumps 36% In A Week
The Pepecoin (PEPE) price action shows several key technical indicators and patterns that indicate a potential bullish breakout. One prominent pattern is the falling wedge, a bullish reversal pattern that often signals an upcoming upward price movement after a period of consolidation.
The wedge for Pepecoin (PEPE) appears to be narrowing, and the price is approaching a possible breakout point, which could lead to a significant price surge. A support zone has been established, and the price consistently tests and bounces off this level, indicating strong buying pressure and preventing further declines.
The 50-day simple moving average (SMA), represented by the blue line, is trading below the 200-day SMA (green line), reflecting a previous bearish trend for Pepecoin (PEPE). However, there’s a potential moving average crossover near the current price, suggesting that a bullish crossover could be imminent if the 50-day SMA rises above the 200-day SMA.
DTX Exchange Revolutionizes Trading with AI-Driven Solutions
Despite being in its presale stage, DTX Exchange is a dominant force in the cryptocurrency space. Artificial intelligence powers its ground-breaking features and end-to-end trading solutions. Within that framework, these features improve the effectiveness of every platform operation.
Trading professionals have turned to DTX Exchange in an effort to boost their profit margins by incorporating cutting-edge automation concepts and hybrid blockchain Layer-1 solutions. Additionally, with DTX’s leverage of up to 1000x, investors are guaranteed enormous returns.
DTX Exchange is an impressive platform that combines traditional and decentralized capabilities. Additionally, by utilizing the DeFi platform, individual investors gain access to several capital access channels. There are numerous ways to obtain capital because DTX Exchange provides a wide range of intriguing trading products.
The sophisticated hybrid DTX platform incorporates concepts of revenue-sharing and grants access to the platform’s governance, among other features that promote active community interaction. It’s interesting to note that DTX has raised more than $3 million in presale fundraising, and analysts predict that amount will rise even higher. The DTX utility token is currently trading at $0.06 during Stage 3 of the public presale, which is a 200% profit over its starting value of $0.02.
When DTX enters Stage 4 of the presale, the price will increase by 33% to trade at $0.08. Thanks to these enormous advances, DTX has managed to eclipse SOL, ETH, and NEAR in popularity.
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