Since the beginning of the bull cycle, Shiba Inu (SHIB) has received more attention than only a few other popular meme coins. Although there are a number of reasons for this, such as the price’s recent breach over the $0.000030 resistance level, the most notable of them is the seasonal chart’s resemblance to 2021, which points to a potential parabolic advance.
But there are other tokens in the spotlight that have the potential to see exponential price increases besides Shiba Inu. Recently, DTX Exchange, another rapidly growing presale token, entered the scene. DTX Exchange has a number of cutting-edge features that might result in a 1250% profit in February 2025. It’s interesting to note that on-chain data also suggest that DTX may be ready for such rapid expansion.
Shiba Inu Price Poised for 200% Rally as Ethereum Correlation Grows
Although the Shiba Inu price has been battling below the resistance level of $0.000030, its seasonal pattern indicates that things are looking up. The price trajectory for this year is comparable to that of 2021, indicating a possible sharp increase. An extra 200% increase in the price of SHIB might occur from its current weekly range of $0.00002462 and $0.00003294.
The Alpha Crypto signal indicates that the horizontal support level of SHIB is staying firm and may provide a basis for further upward momentum. With a 93% correlation over the last 30 days, Shiba Inu price is strongly tied to Ethereum. Shiba Inu price might rise to $0.00006492 if Ethereum’s market cap grows by 200%.
Shiba Inu price is now down to 1%, but a 200% ETH gain may drive SHIB to new heights, bringing Ethereum’s market value to $1.16 trillion and perhaps sparking a bull run in the cryptocurrency sector.
PEPE’s Downward Spiral: Technical Indicators Point to Further Losses
A deflationary memecoin called PEPE was introduced on Ethereum. The cryptocurrency was developed in homage to Matt Furie’s Pepe the Frog online meme, which became well-known in the early 2000s.
PEPE wants to become one of the leading meme-based cryptocurrencies and hopes to benefit from the success of meme coins such as Dogecoin and Shiba Inu.
Following rejection around a declining trendline on Saturday, PEPE has recently shown indications of a double-digit correction. The price closed below its 200-day EMA after a steep fall. Strong negative momentum for PEPE is shown by the RSI reading below the neutral level.
Coinglass’s long-to-short ratio is at its lowest point in more than a month, reflecting bearish sentiment. Furthermore, the Daily Active Addresses indicator from Santiment shows a decline in the demand for PEPE’s blockchain usage. A retest of daily support levels may be necessary in light of these indicators, which point to a likely prolongation of the PEPE fall.
DTX Exchange Set to Outshine SHIB and PEPE with Massive Rally
With more than $12.2 million in investment and more than 500,000 registered wallets, DTX Exchange is revolutionizing trading with its ground-breaking hybrid approach. This platform has the potential to surpass SHIB and PEPE and emerge as the leading competitor in the DEX industry.
By providing more than 120,000 financial products with 1,000X leverage, DTX tackles the largest issues faced by traders with its innovative hybrid approach. The optimal execution pricing is provided by its dispersed liquidity pools, which reduce slippage. DTX has an unparalleled processing speed and is supported by its layer-1 blockchain, VulcanX.
The DTX Exchange is expected to rise more than SHIB and PEPE as it continues to gain traction, making it a desirable place to invest. DTX is poised to take the lead in the DEX market with its emphasis on security, innovation, and a user-centric methodology.
Find out more information about DTX Exchange (DTX) by visiting the links below:
Buy Presale
Visit DTX Website
Join The DTX Community
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
