The memecoin sector is experiencing a massive shift as many memecoins are currently trading in the green region thanks to an inflow of $200 million from investors. Coins like Shiba Inu (SHIB) and PEPE have seen double-digit gains.
Meanwhile, DTX Exchange has realized about $3 million in funding thanks to its latest listing on CoinMarketCap. Analysts forecast the funding will increase to $5 million by October.
Shiba Inu (SHIB) Price Skyrockets, See Likely Targets
The meme coin market is showing a huge uptrend after a stale movement in the past few months. One memecoin leading the charge is no other than the Shiba Inu coin. Data from CoinMarketCap shows the value of the meme currency is showing double digit gains on the weekly and monthly timeframes. The year-to-date gain currently sits at 167.7%.
Going forward, analysts are forecasting more profits in the coming weeks. They believe that the Shiba Inu price might rise to $0.00002000 soon. It has already surpassed the 50-SMA at $0.00001406 and 200-SMA at $0.00001849. WorldOfCharts1 told his followers on X the value of Shiba Inu crypto could reach $0.00003400 in the next trading sessions. According to him, the token has successfully broken out of a falling wedge.
Pepe (PEPE) Joins Memecoin Rally With New Price Targets
Over the past month, the value of Pepe (PEPE) has increased by 39%, joining the top meme coins in the market. The coin’s market cap has also increased during this period. It is consolidating between $2.5 billion and $4.5 billion on the monthly time frame. In terms of price movement, Pepe coin is trading above the 50-SMA ($0.000007956) and 200-SMA ($0.000008593).
Crossing the 200-SMA is bullish and gives more prospects of the Pepe price increasing to new, much higher levels in the future. There is evidence of a strong buying signal, as supported by the 14-day RSI and VWMA (10), respectively. In the short term, according to Coincodex, the value of Pepe crypto may rise to $0.00001382. In the long term, there may even be a possibility of the memecoin reaching $0.00003602.
DTX Exchange (DTX) Raises $3M in Funding
DTX Exchange (DTX) has seen a massive influx of capital from investors raising funds gathered to over $3 million. This influx comes after the DeFi coin got listed on CoinMarketcap. Analysts expect the momentum to remain and forecast a price surge of 10x before the end of Q4. Meanwhile, DTX Exchange is building a hybrid platform that blends the benefits of centralized and decentralized exchanges into one. It solves problems such as accessibility, privacy, and security.
Through the integration of DeFi and TradFi, DTX enables users to trade different assets like stocks, options, indices, CFDs, bonds, etc. Also, DTX Exchange has a special trading feature that enables up to 1,000X leverage. This leverage allows traders to take large positions with small capital and make more profits. Furthermore, DTX Exchange does not have a strict KYC check.
The absence of such checks allows investors to trade these assets anonymously from anywhere in the world. This feature is what makes DTX Exchange stand out in the market. Currently, in the fourth stage of its presale and valued at $0.06, the DTX coin is among the best coins to invest in. Those who have it can use it to receive passive income and have access to low fees.
DTX Exchange To Soar With Shiba Inu (SHIB) and Pepe (PEPE)
As DTX Exchange continues to break more records following its CoinMarketCap listing, more analysts are predicting more gains in the next few months. Like a few other coins, they expect the new ICO to join with Shiba Inu (SHIB) and PEPE to lead the bull run of the fourth quarter.
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