Meta Description: Chainlink (LINK) and Shiba Inu (SHIB) hold higher rankings in the list of decliners amid a sluggish market. Hybrid DTX Exchange outshines them with $2.2M raised in presale
With significant turmoil in the altcoin and meme sector, Chainlink (LINK) and Shiba Inu (SHIB) are prominent figures, having their investors on the edge of their chairs amid low performance and sluggish price momentum. With money flowing out, DTX Exchange (DTX) attracts big moneybags with its high-value presale and new innovative tradFi features.
Amid brewing bearish pressures for Chainlink (LINK) and Shiba Inu (SHIB), let’s explore how both cryptos are performing, and what analysts have to say about their future price trends.
Chainlink (LINK) Lose Steam Despite Strategic Collaborations
The Chainlink (LINK) ecosystem is brewing multiple developments and scalability solutions through key integrations and collaborations. Though the community sentiment is positive after the network’s support for Cardano through its Data Streams project and Hong Kong’s approval to trade Chainlink (LINK), the price continues to momentum in a range-bounded channel.
Chainlink (LINK) price consolidates between a narrow range between $10 – $11 with investors fearing more downside in case of rejection from immediate thresholds. Chainlink (LINK) has lost more than 13.8% value in the last 7 days and the sluggish price momentum is alarming for whales as technical analysis and price charts also suggest more downside for the token.
Shiba Inu (SHIB) Price Downtrends With 13% Value Depreciation
Shiba Inu (SHIB) is called the worst performer among the memecoins since the August 5 market crash. The second-largest memecoin currently trades above the support level at $0.0000134, with its price continuing a descending trendline. Shiba Inu (SHIB) has lost over 13% value in the past 30 days, with notable liquidations for investors.
According to the technical analysis, indicators suggest rising bearish action for Shiba Inu (SHIB) despite high-burning stats in August. With investors offloading the memecoin to mitigate losses, analysts suggest that the Shiba Inu (SHIB) price could retrace more to find support at the $0.00001260 and bounce back with significant upside momentum.
DTX Exchange (DTX) Jumps Past $2.2M Presale as Demand Soars
DTX Exchange (DTX) is a new tradFi sensation, renowned for its 1000x leverage feature and AI-backed automation. The platform allows traders to capitalize on investments from higher market positions with minimum capital and access advanced risk management tools and real-time analytics to streamline their interests in volatile markets for maximum profitability.
The hybrid platform of DTX is a safe and secure platform with decentralized protocols including KYC-free onboarding and non-custodial wallets. With access to 120k+ digital assets from diverse financial markets including forex, equities, commodities, cryptos, and stocks, DTX empowers traders to engage with their choice and strategize.
The project has raised an astounding $2.2 million in round 3 of the public presale, reflecting high engagement from big whales. Since its testnet debut, the presale has experienced a significant rise in demand at $0.06. Predictions suggest that the DTX token can jump beyond $1 as soon as it hits major CEX platforms, marking this a prime time to be a part of the next market leader, promising 100x ROI potential to early buyers.
Key Takeaways
With Chainlink (LINK) and Shiba Inu (SHIB) failing to uplift their prices as investors flee the cryptos, the spotlight has been shifted toward the emerging DTX Exchange’s ground-breaking presale rally, poised to outshine its competitors with its lightening fast AI-backed trading platform.
While LINK and SHIB wrestle with bearish pressures, DTX’s presale success and cutting-edge schemas have turned the heads of large-scale investors for substantial gains and sustainable growth through its 10x breakout potential post-mainnet launch.
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