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Cryptocurrency News Articles
DTX Exchange Races Past Milestones as Shiba Inu Investors Join Its Presale, Pushing Funds Above $7.6 Million
Nov 15, 2024 at 08:00 pm
One after another, DTX Exchange (DTX) is reaching milestones in record speed. The result of the presale is proof of DTX's success in creating
DTX Exchange (DTX) is reaching new milestones at an astonishing pace. The platform's recent initiatives, including the launch of a trader leaderboard, have significantly boosted demand for the DTX Token, driving the presale total to an impressive $7.6 million.
As Shiba Inu traders quickly booked profits to join the DTX Exchange, the meme coin encountered a 20% retracement from its recent highs. During this time, SHIB faced resistance at May's high, which also served as a support level in the past.
Shiba Inu (SHIB) price encountered a massive rally of 44% in two sessions, lagging behind Dogecoin (DOGE) in the initial rally. SHIB price later showed a sharp two-day retracement from its 10-day moving average, indicating lower support.
SHIB price is currently trading within a range, with an upper resistance line. This resistance zone is crucial for SHIB price to continue its rally. If SHIB fails to sustain the breakout zone, it will serve as a retest level.
Shiba Inu traders might be eyeing the March rally, which could offer strong support to the SHIB price. This price also coincides with the 200-day moving average, making it a crucial technical level.
DTX Exchange is quickly becoming a favorite among crypto enthusiasts, not just SHIB traders. Since its launch, the platform has attracted over 280k users, thanks to its diverse offerings.
In addition to SHIB investors, traders from various cryptocurrencies are flocking to DTX Exchange. The platform has onboarded over 280k users since its launch. This popularity can be attributed to DTX's innovative approach, which has the potential to revolutionize the trading industry.
DTX Exchange boasts a wide range of features, including diverse asset options (covering both traditional and digital assets), 1,000x leverage to cater to high-volume investors, governance rights, and staking capabilities for the community.
DTX Exchange is part of a larger ecosystem, VulcanX, which aims to unify the world's financial markets, making them accessible, secure, and advanced for everyone. This platform opens up the benefits of blockchain technology and creates a more inclusive financial system.
With the cryptocurrency market rally, DTX Exchange is set to hit Tier-1 exchanges soon. As Shiba Inu's rally has faltered, DTX Exchange is witnessing massive investments from SHIB traders. Priced at $0.1, analysts believe that DTX Token is still undervalued, presenting a prime opportunity for retail investors.
To find out more about DTX, visit the presale website or the official DTX website. You can also join the DTX community on Telegram, Discord, Twitter, and Medium.
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