- November 6, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
The post It’s Time to Ride Year’s Biggest Bull Run With Avalanche, Shiba Inu, and DTX Exchange’s 9000% Potential appeared first on Coinpedia Fintech News
As the crypto market prepares for a potential bull run, promising investment opportunities are surfacing. Notable projects expected to capitalize on this rally include Avalanche (AVAX), Shiba Inu (SHIB), and the newcomer DTX Exchange (DTX). One stands out, with its distinctive features and significant growth potential of possibly increasing by 9000%.
Avalanche (AVAX) Poised for Rebound as Buyers Eye Key Support
Avalanche (AVAX) is trading at $23.19, down 13% this week. It is currently forming a “symmetrical triangle,” indicating market uncertainty. The 20-day Exponential Moving Average (EMA) is $27.52, and the Relative Strength Index (RSI) is neutral, showing no clear advantage for buyers or sellers.
If Avalanche (AVAX) price falls below the 50-day Simple Moving Average (SMA) at $26.27, it may test a support line, where buyers typically step in. However, a drop below this support could push prices down to around $20 or even $17. For now, there’s optimism that buyers will maintain Avalanche’s price (AVAX) stability and potential future gains.
Shiba Inu (SHIB) Prediction: 10x Gains Possible, Analyst Remains Bullish
After a significant price surge in March, Shiba Inu (SHIB) has lost much of its gains. However, it currently hovers around $0.00001775, still showing a 114% increase since January 1 and a 2.35% increase on the monthly charts. Some analysts, like Zack Humphries, predict that Shiba Inu (SHIB) could increase tenfold from its current price.
Zack believes the future growth of Shiba Inu (SHIB) depends on a few factors: increased interest from regular investors and the development of Shibarium, which was launched in August 2023 to strengthen the Shiba Inu (SHIB) ecosystem. Shibarium features a “Burn Portal” that reduces the supply of Shiba Inu (SHIB) tokens, potentially increasing their value if demand remains high.
Why DTX Exchange Is Expected To Lead The Upcoming Crypto Rally
While Avalanche (AVAX) and Shiba Inu (SHIB) display the possibility of sharp increases during the anticipated crypto bull run, DTX Exchange is poised to do even better. Unlike other platforms, DTX Exchange is designed to enhance trading efficiency for all users. In other words, it’s user-centric and can be beneficial for both novices and professionals.
A key feature of DTX Exchange is its focus on education. The platform provides an extensive service with numerous articles and lessons that explain all aspects of platform operation. DTX Exchange’s emphasis on education equips the traders to make sound decisions, hence improving on their capacity in trading.
The excitement around the DTX Exchange is growing, especially with the high demand seen during its presale phase. Market experts suggest that DTX tokens, when launched on Binance, could see gains of up to 500%, thus making its current presale price of $0.08 very appealing to savvy investors.
With the price set to increase to $0.10 in the next phase, it’s believed that buying the token today could be a sound decision for those willing to earn remarkably in this upcoming market bull run.
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