Market dips are double-edged swords. On the one hand, prices of assets tank, leading to losses, while on the other hand, they provide good entries. Following the recent bloodbath, Shiba Inu (SHIB) and Chainlink (LINK) have regained momentum, approaching a breakout.
Meanwhile, analysts are bullish on this new ICO: DTX Exchange (DTX). Over $2.4 million has been raised in the ongoing presale, cementing its leading status in the ICO world. Regarding its fundamentals, it aims to reshape the global trading scene via a hybrid approach—a blend of CEX and DEX.
DTX Exchange (DTX): A new altcoin to watch for 100x gain
DTX Exchange (DTX) is a new project aiming to disrupt conventional platforms in the crypto and wider financial landscape. It will challenge existing giants by blending key features of centralized and decentralized exchanges, making it a strong contender in the $10 billion global trading scene.
By introducing the first hybrid Layer-1 blockchain, it will integrate traditional financial instruments like stock, bonds and forex with Web3 products. Further, its intersection with blockchain technology guarantees lower fees and faster transaction time than conventional platforms, alongside automated trading, security and transparency.
Given the above, analysts are optimistic about a shift away from traditional platforms and trading, tipping this hybrid protocol as the next big thing. With over $2.4 million raised in presale, confidence is through the roof. Meanwhile, a token costs only $0.06 in the third round of the ICO and is projected to witness a 100x upswing after its launch.
Shiba Inu (SHIB): Approaches a breakout above $0.000014
Shiba Inu (SHIB), a leading memecoin and a top altcoin, is back on the upside. It is an investor favorite for several reasons, from its robust ecosystem to its vibrant community. More than just a meme, the ecosystem hosts utility projects like Shibarium and ShibaSwap.
The Shiba Inu coin is up by over 4% on the daily charts, trading above $0.000013. An overall market rally plus rising interest in memecoins can be linked to this upswing. As it approaches a breakout above $0.000014, it is one of the altcoins to watch out for.
Also contributing to this uptick in the Shiba Inu price is its burn mechanism. Its deflationary tokenomics due to consistent token burns plays a key role in its ascent; it is also one of its appeals. With the coming days promising to be more exciting, SHIB is an altcoin to keep on the radar.
Chainlink (LINK): Eyes a jump past $12
Chainlink (LINK), a decentralized Oracle network, is one of the top altcoins and players in the crypto space. Its critical role in connecting smart contracts to off-chain information makes it one of the most popular names in the blockchain scene.
While the past few days have been disappointing, a bounce is unfolding. On the weekly chart, the Chainlink price has been consolidating between $9 and $12, down by over 7%. However, it is up on the daily chart—perhaps the start of a breakout above $12.
The latest Chainlink price prediction holders are drawing hope from hints at a new peak before the year’s end. The current ATH is at $52 and considering the plenty of room to run, it is one of the best cryptos to invest in.
Conclusion
As Shiba Inu and Chainlink approach a breakout, DTX Exchange prepares to reshape the global trading market via a hybrid approach and blockchain technology. Its impending adoption makes it a new DeFi project to bet on—analysts suggest a 100x jump in value after its launch.
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Disclaimer: This is a sponsored article. 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.
