DTX Kick-offs a New Era of Trading With Testnet Launch; Can Shiba Inu and Ethereum Keep Up?

August 28, 2024

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DTX Exchange has cleared all the doubts and intends to become one of the best cryptocurrencies with the recent testnet launch. The testnet launch is a massive development for DTX because it confirms future developments in DTX. Investors have believed in it from the start, as DTX Exchange has raised more than $1.6 million in just two months.

Meanwhile, Ethereum (ETH) and Shiba Inu (SHIB) coins are facing rejection after a slight recovery from the correction. Ethereum (ETH) and Shiba Inu (SHIB) are slowly closing their positions and adding positions in potential names like DTX Exchange.

Ethereum (ETH) Rejecting From The Upper Level Of The Box

This month, Ethereum (ETH) has been mostly trading in the range forming the box pattern. The $2,500 level has been the lower support level of the box pattern, and the $2,775 level is acting as the resistance from where the Ethereum (ETH) has been rejected once again. The $2,800 is an important zone for the Ethereum (ETH) price because it has previously acted as support and resistance.

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For Ethereum (ETH), the price to make new highs requires a strong breakout of the box. The next support level will be $2,340 if the pattern breaks down.

Shiba Inu (SHIB) 10-Period Moving Average Bounce

Shiba Inu (SHIB), the second biggest memecoin, also faces high volatility. Shiba Inu recently broke out of the $0.00001468 resistance level but fell back to retest the level. Shiba Inu (SHIB) has taken support from the retest zone and a 10-period moving average, and a small push can from here can strengthen the Shiba Inu (SHIB) price.

According to the coinmarketcap stats, Shiba Inu (SHIB) is ranked #13 with a marketcap of $8.68 billion and a slight change in the last 24 hours. Currently, there are a total of 589,270,237,177,971 SHIB in circulation. The weekly performance of Shiba Inu (SHIB) has been a little better, with a 6.67% increase in the last seven days.

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DTX Launch Near Whales Aggressively Buying DTX Token

Last week, whales bought over $350k of DTX tokens after the team announced the DTX Exchange’s testnet. According to analysts, this testnet proves the project’s credibility and potential to become the next big thing in crypto. They also predicted that the DTX Exchange would be perfectly positioned to revolutionize decentralized finance.

DTX Exchange stands out because it best combines centralized (CEX) and decentralized (DEX) trading. This unique hybrid model offers high liquidity and access to over 120,000 asset classes, including bonds, commodities, and cryptocurrencies. Another key feature is that DTX Exchange doesn’t require sign-up or KYC checks, which appeals to privacy-conscious traders.

Its gas-free transactions execute in just 0.04 seconds, which attracts significant attention. The platform also excels in security, using advanced blockchain L1 technology and non-custodial wallets so users have complete control over their assets and private keys.

In just under one month, DTX raised over $1.6 million, aiming to achieve $2 million by the end of August. Currently priced at $0.04 per token, the price is expected to rise to $0.06 in the next round. While Ethereum (ETH) and Shiba Inu (SHIB) have been unable to deliver, DTX Exchange has become a savior for investors.

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