An Ethereum (ETH) investor who got 150,000 ETH for $46,500 during its cryptocurrency ICO years ago has seen the value of their investment grow to over $358 million. This is a massive increase of over 770K%.
This ROI has raised questions about whether newer ICOs, such as the DTX Exchange, can present similar potential to investors who seek another crypto breakout. Meanwhile, Shibtoshi says Shiba Inu’s (SHIB) uptrend will continue.
Ethereum (ETH) ICO Participant Dumps 19K ETH
An Ethereum (ETH) ICO participant has recently stirred up the crypto space once again after dumping 19,000 ETH, which is worth over $47.5m, within two days. Lookonchain data showed the participant bought 150,000 ETH for $46,500 during its crypto ICO. Currently, the token is worth $358 million, an increase of over 770K%.
This sell-off has caused a bearish move in the market, which has affected the value of Ethereum crypto. The token is trading below the 50-SMA at $2,554.73, a signal that bears are in charge. Looking ahead, analysts are optimistic about the Ethereum token. They say the token could soar to new highs soon. MarketWizard94 forecasts that the Ethereum price might soar to $2,800 and then climb to $3,200.
SquidGrow Founder Shibtoshi Expects More Profits From Shiba Inu (SHIB)
Speaking to the Shib Daily, Shibtoshi opined that the hype around the Shiba Inu (SHIB) ecosystem has made SHIB more valuable now than it was before. He pointed out that the increasing use cases of the Shiba Inu ecosystem enabled the recent bullish rally of the Shiba Inu token.
Shibtoshi talked about the burn mechanism, Shibarium network, and liquid staking protocol saying it has added more utility to the ecosystem. He believes the recent uplift is sustainable, although there might be fluctuations. This optimistic outlook comes after the value of Shiba Inu crypto soared to a six-month high of $0.00002031 on September 28.
However, the bearish sentiment in the market has affected Shiba Inu price movement. It is now trading below the 200-SMA at $0.00001833. Analysts believe the memecoin could recover in the coming days if more buyers enter the market. If this happens, SHIB could surpass the 200-SMA.
DTX Exchange (DTX) To Give Investors 10x ROI in 2024
FMI’s data has shown the global trading platform space could be valued at over $135.7 billion by 2032. DTX, a hybrid exchange, is expected to revolutionize and dominate this market. Using the best elements from CEX and DEX, DTX Exchange provides users with an intuitive and simple experience while maintaining their anonymity and security.
DTX Exchange will allow users to trade many financial markets like stocks, indices, ETFs, Forex or even crypto coins. That is not all. They will also gain access to over 120K asset classes. DTX Exchange will feature a leverage of up to 1000x, which investors can use to make huge profits with low capital. Other aspects of the protocols include smart contracts and on chain order book in addition to the hybrid model.
Currently, in the presale phase, DTX Exchange is sold at $0.06 a token. Analysts forecast the value of the cryptocurrency could increase by 10x in the future. DTX Exchange has also realized over $3.65 million in funding. Experts say this value could reach $5 million soon.
DTX Exchange Becomes The Leading ICO To Join After Ethereum
With Ethereum (ETH) today being valued hundreds of times more than the price during the ICO, investors have their eyes on DTX Exchange as they believe it can mirror this same price trajectory. Analysts forecast the value of DTX Exchange could pump by 10x before the year ends.
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Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets. Past returns do not always guarantee future profits.
