Shiba Inu (SHIB) has regained its $10 billion market cap with a recent shift to an uptrend. Shiba Inu (SHIB) has formed a bullish reversal pattern in the charts, which could rally the price to a new all-time high. With SHIB, the DTX Exchange also shows extreme bullish sentiments, rising 300% in a month. Cardano (ADA) holders are shifting to DTX Exchange as it can reach the projected price of $0.20 by the end of November and also the 70X bull rally in early 2025.
After the recent rally, Shiba Inu (SHIB) has taken support at the 50 DMA, and the price has been trading in the range since then. A noticeable point is that the volatility of Shiba Inu (SHIB) has decreased in the pullback, which is a sign of bullish sentiment in the price.
Shiba Inu (SHIB) is also inching toward the right shoulder of the inverse head and shoulder pattern with the neckline breakout at $0.0000205. Inverse H&S is a bullish reversal pattern whose profit can be measured by measuring the length of the head from the base.
Shiba Inu (SHIB) recently announced a thrilling collaboration with Mass Build, a platform aimed at improving financial operations for funds and startups. The purpose of this agreement is to boost the SHIB network by including such financial applications.
Comparing the relative strength of the large-cap coins, Cardano is the weakest, trading 12% lower than in September. Recently, Cardano gave a breakout of the descending wedge pattern, rising to the high of $0.415. However, the movement wasn’t enough, and the price was returned to the support area. The retest was also unsuccessful, as the price was below the 0.5 Fibonacci level. Cardano is trading just above the all-time low level; another down leg can take the cost to a new low.
Cardano has recently partnered with major blockchain networks to improve interoperability and drive innovation. It has also strengthened its collaboration with names like Hedera and Ripple.
By building these partnerships, Cardano has taken a big leap forward. These networks’ pooled expertise and resources will help create a seamless experience and add muscle to the network.
DTX Exchange’s explosive rise in a short period of time has proved its significance in the market. After its performance in the recent market correction, it has also seen a lot of inflow from traders. While large caps fail to impress investors, DTX Exchange moves higher with innovations and investor support.
The successful testnet launch, with a remarkable speed reaching 10,000 TPS, has pushed the DTX presale to above $5.3 million with over 102k registrations on the platform. DTX provides highly efficient trading for active traders with 0.4ms reaction time. It also saves traders from slippage and hidden trading fees, which increases their profitability.
DTX Exchange solves problems generally found on traditional platforms like Coinbase, especially safety issues. This platform does not demand KYC checks from its users, just like any other platform. With up to 1000x leverage on all assets, traders can significantly increase profits while managing risks.
Due to its smaller market cap, the DTX token has the potential to reach a large cap. Experts predict its innovative features will drive demand, potentially leading to a 70x—95x surge once a Tier-1 CEX lists it.
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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. Times Tabloid is not responsible for any financial losses.
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