The meme coin segment has suffered along with the rest of crypto as it plunged twice in December on external news. The first stumble was due to a short-term geopolitical threat in Asia, while the second was after the FOMC meeting.
It is a fact amongst crypto investors that meme coins are more vulnerable to market sentiments and experience deeper dips and higher highs. It is part of the charm of holding meme coins, as they can deliver strong returns for low investments.
Leading meme coins like Pepecoin and Shiba Inu (SHIB) are back to recovery as the Christmas surge is already underway, and the markets are moving upwards again. Some meme coin investors are also happily placing their funds into the promising new utility token DTX exchange.
This new presale star is capturing the spotlight, as investors expect potential gains as high as 500%. Priced at just $0.12, this token can eclipse other altcoins.
Shiba Inu (SHIB) Finally Surges 4%
Shiba Inu (SHIB) is a meme coin that has achieved technical utility by developing platforms like the ShibaSwap exchange and the Shiba Inu metaverse. It has a large community and has shown major growth in past bull cycles.
Shiba Inu (SHIB) price fell more than 11% in the monthly charts as it fell from $0.00003314 to $0.00001880. The recovery started around December 21, when the price rose to $0.000023. Trade has remained range-bound since then. The current price is $0.00002322 after dropping from a day-high of $0.00002366.
PEPE Rises 11% Before Settling to 5%
PEPE is also a meme coin on the Ethereum network that features zero transaction taxes and embraces a hard-core meme coin identity. The PEPE network applies a burning mechanism to increase scarcity and rewards long-term holders. This is an effective feature as it supports its price stability.
In the monthly charts, PEPE has lost 7% of its value. It was trading around $0.00001814 late December 24 before surging to $0.00001941 before consolidation set it. PEPE is currently trading around $0.00001989 with 5% gains in the daily charts.
DTX Exchange: Phoenix Wallet Crosses 300K Addresses
DTX Exchange offers a secure, seamless platform to support financial investments. It doesn’t just excel in speed. It changes how you manage your assets. It offers over 100,000 financial asset combinations for traders who want to invest in various assets.
The platform’s Phoenix Wallet can support all these assets. Thus, you can have your entire portfolio under a single platform, simplifying your trading journey. This is why the wallet is picking up more users and currently has over 300K addresses.
Another talked-about feature of DTX Exchange is its excellent transaction capacity. The versatile VulcanX blockchain makes its impressive 100,000 transactions per second (TPS) possible.
During beta tests, users reported smooth trade execution with no delays or blockages. With such strong features, it is obvious why meme coin investors are also adding the DTX Exchange presale to their existing holdings.
Conclusion
While PEPE and SHIB may offer short-term gains, DTX Exchange is designed for those seeking sustained value, with an expected 300% growth by the end of the presale. Its initial coin offering (ICO) is currently in stage 6, with the DTX token priced at $0.12. Once DTX hits exchanges at $0.20, investors will see high gains.
To know more about the DTX Exchange ecosystem, Check out:
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