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While the shifting market conditions have restricted memecoins to limit growth through changing dynamics, Shiba Inu has experienced a high-volume transaction in the network by crypto whales. Despite this surge, DTX Exchange has dominated the memecoin market with its rising demand among investors following its presale success and insane trading options and benefits.
Whales Pump Shiba Inu (SHIB): High Volatility Ahead
Recently, SHIB has made headlines through its bullish pattern in its on-chain data. The hype after the bullish sentiment was for its price pattern rather than a sharp price increase. Shiba Inu has shown stability in the network amid the difficult market position, indicating low volatility and positive price activity. As of today, SHIB is trading at $0.000017 with a $10.13 billion market cap.
Given the massive transactions conducted by whales in recent days, it appears that whales are still using the token and might be preparing for a price recovery in the near term. Based on the on-chain data, Shiba Inu witnessed nearly 147 high-volume transactions totaling more than 2.34 trillion SHIB in the network in the last 24 hours.
Even though these numbers do not match the six trillion SHIB traded in late October, the volume of high-volume transactions shows that whales are still operating SHIB and involved in the market. This could indicate that even in this quiet period, they are seeing potential value and are building up SHIB at current levels.
Shiba Inu (SHIB) Price Analysis & Future Outlook
Even though the whales are trying to jump-start it, Shiba Inu‘s price performance is still generally poor. SHIB has not moved much at this time, staying near the $0.000017 mark without any bullish momentum to move it higher. While the Shiba Inu network hasn’t recently experienced any selling pressure, SHIB might remain at its current price point if it doesn’t overcome potential market challenges.
SHIB might display a future price recovery if whales continue to hold or accumulate more SHIB tokens. The increased participation by high-volume buyers could also be an early sign of upcoming bullish sentiment because whale activity frequently precedes market movement, based on the previous whale movements observed by analysts.
Retail investors staying close to SHIB might interpret this as indicating a possibility of a slow recovery, particularly if outside market conditions favor cryptocurrency assets. It is important for investors to remain patient as SHIB has not shown any bullish price actions required to hit an instant price increase lately. On the other hand, Shiba Inu’s trading volume has surged by 37.39%.
DTX Exchange’s Mega Presale Collection Crosses $6.5 Million
As a hybrid trading exchange, DTX Exchange (DTX) has made waves with its mind-blowing presale success. Following its viral presale round 3 success, DTX Exchange has blown off the charts after its presale round 4 smashed the previous presale records in a month. To date, the platform has sold over 15 million DTX tokens at $0.08 each.
Investors have begun moving to this emerging deFi project after finding it a trustworthy and reliable platform to automate and trade their assets. DTX Exchange’s non-custodial approach is the key to how it deploys robust security measures in the network. The platform enables traders to retain complete control of their private keys and funds, eliminating the need to trust a central authority with their assets.
Investors Go Crazy Over This $0.08 DeFi Crypto After Presale Success
DTX Exchange’s presale round 4 at $0.08 has been a marvelous success. Investors joining the network have shown it with their massive purchase records in a jaw-dropping time frame. DTX Exchange’s skyrocketing demand among investors has ranked it among the top-selling AI cryptos in the market right now.
As Shiba Inu (SHIB) eyes a potential recovery point based on whale accumulation and market conditions, DTX Exchange (DTX) is already dominating the market with its highly bullish presale rally and accelerating demand among retail traders and investors. Join this next-gen crypto trading platform now and claim your sign-up bonus!
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*This article was paid for. Cryptonomist did not write the article or test the platform.
