Shiba

FLOKI

Block

Shiba Inu

Almost all altcoins are recovering as the markets rebound from the negative sentiment and events of the past weeks. FLOKI, Shiba Inu (SHIB), and DTX Exchange (DTX) are all in the green, but an on-chain expert reveals why he thinks DTX Exchange will be the biggest gainer of the three.
<h2 id="span-style-font-weight-400-floki-fails-to-hold-above-a-key-resistance-level-span">FLOKI fails to hold above a key resistance level</h2>
Data from Onchain analysts into the block shows that 75% of FLOKI holders are currently in the green since the recent uptick in the markets. This is a good thing for holders but could be a bearish signal for new entrants since many existing holders will want to take profit.&nbsp;
According to Binance Square’s analyst MarketTremor (@CryptoCavalier), FLOKI faces a lot of resistance at $0.0002. This is supported by the fact that while FLOKI briefly broke the $0.0003 barrier this month, there was a quick reversal as holders took profits.&nbsp;
FLOKI is now sitting at $0.0001813, even after the market recovery, adding weight to the theory that demand for FLOKI is slowing down.
<h2 id="span-style-font-weight-400-dtx-exchange-dtx-is-attracting-expert-attention-span">DTX Exchange (DTX) is attracting expert attention</h2>
Memecoins like Shiba Inu (SHIB) and FLOKI can make people rich but for each one that moons, thousands never make it. <a href="https://dtxexchange.com?utm_source=thecoinrise&amp;utm_medium=Lou&amp;utm_campaign=00" rel="noopener noreferrer nofollow">DTX Exchange</a>, on the other hand, is a new idea with a lot of functionality that is on the brink of launching. Analyst Arjun Sharmer told us that an exchange like DTX is creating is exactly what is missing from web3 and the blockchain.
We already have advanced decentralized exchanges (DEXs) like Uniswap and Jupiter, centralized exchanges (CEXs) such as Binance and Kraken, and TradFi platforms such as Robinhood and Etoro.
But none of them offer all the features of a TradFi platform with all the benefits of a decentralized platform – such as KYC free trading, 1000x leverage, and access to over 120k trading pairs.
That’s about to change very soon though as DTX prepares to launch its ‘hybrid model exchange’. For traders looking to make profits now, the good news is that the coin is still in presale, at $0.04. According to their website, they will launch for a minimum of $0.12.
According to Sharmer, many Shiba Inu (SHIB) fans are moving their money from Shiba Inu (SHIB) and FLOKI to DTX in anticipation of the highs the coin could reach after it exits the presale.
Given the bullish conditions of the market, (especially as the US elections seem set to bring a pro-crypto President, regardless of which side wins), this could be an ideal time not just for the concept, but also for the run-up to the coin launch.
<h2 id="span-style-font-weight-400-does-shiba-inu-s-shib-blockchain-have-any-dapps-span">Does Shiba Inu’s (SHIB) blockchain have any Dapps?</h2>
Shiba Inu (SHIB) is more than just a memecoin, even though that is how it started. The Shiba Inu (SHIB) ecosystem now includes a layer 2 blockchain – the Shibarium, various tokens such as TREAT, BONE, and LEASH, a DEX called Shiba Swap, an ezine – TheShib.io, a Shiba-themed metaverse. and importantly the support of its community.
Sounds good. But the question still remains, how useful is Shiba Inu (SHIB)? And where are whales and retail investors putting their funds?
According to Techopedia, there are currently 9 companies that accept Shiba Inu (SHIB) as payment, including Reddit sub r/wallstreetbets’ favorites, Gamestop, and AMC. That makes for nice headlines but isn’t really that important for most people. However, Shiba Inu (SHIB)’s integration with BitPay makes the currency more useful.
In terms of Shibarium blockchain development, Dappradar doesn’t list any active dapps so it’s unclear how much, if any, development is happening. And it seems that the whales are moving on.
According to analyst Arman Shirinyan and info from Into The Block, on-chain data suggests that whale activity has dropped substantially over the last 24 hours, down from over 500 SHIB to 365.69 billion SHIB. Into the Block reports that there have been just 15 large transactions over the last week.
Either way, Shiba Inu (SHIB), currently the number 12th biggest blockchain according to market cap, isn’t going anywhere.&nbsp;
But its large market cap means that further dramatic price growth is difficult. And that’s why Sharmer predicts that people who got involved looking for huge gains are jumping to the more timely and useful DTX Exchange, ahead of the trading platform’s upcoming launch.
<a href="https://dtxexchange.com?utm_source=thecoinrise&amp;utm_medium=Lou&amp;utm_campaign=00" rel="noopener noreferrer nofollow">Visit Presale</a>
The post <a href="https://thecoinrise.com/demand-for-floki-slows-down-as-expert-forecast-dtx-exchange-to-steal-shibs-market-share/" rel="noopener noreferrer nofollow">Demand for FLOKI Slows Down as Expert Forecast DTX Exchange to Steal SHIB’s Market Share</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Demand for FLOKI Slows Down as Expert Forecast DTX Exchange to Steal SHIB’s Market Share

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