Whale actions are usually important in the crypto space as their activities could determine price movements. Currently, Shiba Inu whales (SHIB) have started investing in a new project, DTX Exchange. The project is stage 3 of its presale and has raised almost $4 million in funding.
Analysts predict the value of the cryptocurrency could pump by 200% in the next few weeks. Meanwhile, Solana’s (SOL) developer activities on GitHub increased by 10.7% in the first week of October despite poor price movement.
Shiba Inu (SHIB) Large Transaction Volume Skyrockets
According to data from IntoTheBlock, the volume of large transactions involving Shiba Inu (SHIB) has increased in the past day. It has increased by 109.83% within this period. This increase in trading momentum could other in favor of bears or bulls. In the meantime, Shiba Inu coin has regained some of its gains in September this month.
Price information from CoinMarketCap shows the value of Shiba Inu (SHIB) has increased by 7% on the weekly chart and 37% on the monthly timeframe. The Shiba Inu price is just inches away from crossing the 200-SMA at $0.00001819. If this happens, the value of the Shiba Inu crypto could return to the $0.000020 region. On the other hand, a price drop could lead to a retest of the support at 50-SMA ($0.00001502).
DTX Exchange (DTX) Skyrockets Towards $4M As Whale Activity Rises
DTX Exchange (DTX), a top ICO in the market, has raised about $3.95 million in the presale phase. The next target is to cross $5 million before the end of October. Besides, there has been a large influx of investors to the project. As a result, the team has launched a new VIP rebate system that facilitated the achievement of the goal. Under this system, DTX token holders will benefit from up to 3% of the exchange’s revenue.
This is an opportunity for investors to make additional money for their support and activity on the platform. The amount received will depend on the number of DTX coins they have. Luckily, the DeFi token is just priced at only $0.06, a good entry point for smart investors. Apart from the reward, holders will gain access to DTX Exchange’s upcoming hybrid trading platform. The exchange mixes the best of CEX and DEX into one.
One of the features highlighted most at DTX Exchange is the advanced trading tools and features. It enables users to trade up to 1000x leverage without performing Know Your Customer (KYC) checks. Also, users can also trade over 120,000 assets like stocks, forex, CFDs, bonds, cryptos, etc. DTX Exchange even launched VulcanX, an extension that enhances trading promotions by lowering the cost of the transactions making trades cheaper.
Solana (SOL) Developer Activity Rises 10% in First Week of October
Solana (SOL) has been struggling to sustain the upward move to cross $150 in the past week. However, this has not affected developer activity which had increased in the first week of October. Based on data from Santiment, the Solana (SOL) GitHub activity had increased by 10.7%. This uptrend indicates that more projects are joining the Solana network. It also means developers are drawn to the blockchain which is known for fast speed and low fees.
Presently, the Solana price is trading between 50-SMA ($142.45) and 200-SMA ($146.73). Its 14-day RSI has been rising and has crossed the 50 mark, a sign a bullish price movement could occur in the next trading sessions. Based on this upward momentum, the value of the Solana coin could soar past the $150 mark and rise to $200.
DTX Exchange To Outshine Solana (SOL) and Shiba Inu (SHIB)
Shiba Inu’s (SHIB) whale interest in DTX Exchange shows the DeFi project has a lot of upside potential. Industry experts believe its hybrid features and reward system could lead to more adoption in the future, positioning it to become a major contender in the crypto market.
Learn more:
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. Times Tabloid is not responsible for any financial losses.
