The memecoin holders have faced a devastating situation since the start of December, as two market crashes have led to massive liquidations and capital continues to rotate into utility tokens this cycle. Shiba Inu (SHIB) is a prominent memecoin that has faced a monumental decline after the Fed rate cut announcement on December 18.
While the memecoins continue to decline with Shiba Inu (SHIB) leading them, a major utility token steals the spotlight for similar gains as the memes with its ground-breaking innovations and cutting-edge features. Due to its long-term growth prospects, DTX Exchange emerges as the best alternative for SHIB during this bearish wave.
Shiba Inu (SHIB) Drops 6.1% After $200M Outflows In 24 Hours
Shiba Inu faced a sharp decline in the last 24 hours as a whale offloaded 250 billion tokens, worth approximately $6.05 million, sparking a notable sell-off. More liquidations have summed up to $200 million in outflows after the panic sparked high selling from the SHIB memecoin due to the Fed rate cut announcement.
This move signals a bearish trend for the Shiba Inu memecoin after it displayed an exceptional performance after Trump’s election victory, showcasing a triple-digit rally within weeks. The 6.1% drop in a day with low trading activity highlights a bumpy path for SHIB as traders shift capital to utility tokens this cycle.
Source: CoinMarketCap
Despite ongoing token burns, SHIB’s latest price move sparks panic among holders. According to Shibburn.com, 17 million SHIB tokens were burned in the past three days. This double-edged blow, massive sell-offs, and minimal impact from burns have left Shiba Inu struggling with significant losses and analysts predict a $0.0000230 retest if bearish pressures increase.
DTX Exchange (DTX) Peaks Demands With Its Utility Tokenomics
DTX Exchange (DTX) makes waves with a stellar presale performance, surpassing the $10.4M mark, as it gears up for a revolutionary mainnet launch. Positioned to redefine trading, the platform grants users access to 120,000+ assets across multiple financial markets, including stocks, cryptocurrencies, bonds, commodities, and CFDs, ensuring an end-to-end trading experience and maximum profits.
What truly sets DTX apart are its game-changing features, such as a groundbreaking 1000x leverage for traders and a lucrative 3% VIP Rebate Program designed to reward active users. Built on the high-speed hybrid VulcanX L1 chain, DTX ensures blazing-fast transaction speeds of 10,000 TPS, delivering unmatched efficiency for seamless high-stakes trading.
Adding to its momentum, DTX Exchange recently launched the non-custodial Phoenix Wallet, available on Apple and Android platforms. With a mainnet launch and exchange listing scheduled for 2025, the DTX token, currently priced at $0.12, is forecasted to soar past $1—offering early adopters a remarkable 1,000% potential return on investment.
Why DTX Exchange Could Be a ‘Life-Changing’ Crypto In 2025
The dropping memecoin prices, especially Shiba Inu (SHIB) have sparked a major shift in holders’ sentiment for this bullish cycle. Despite the SHIB ecosystem taking steps to improve its utility with Shibarium, the next bullish cycle could favor utility tokens due to more market confidence in their trajectories under Trump’s governance.
DTX’s bullish trajectory and unique tokenomics make it an attractive choice for profit-driven traders. As DTX gears up for its anticipated mainnet launch in 2025, it aims to outpace traditional trading platforms with its technological prowess. By joining the DTX revolution early, investors can tap into its massive growth potential, securing long-term success over speculative assets like Shiba Inu.
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