.png){kind=logo}
As the Autumn bull market looms, experts are forecasting potential surges for popular cryptocurrencies like Shiba Inu (SHIB) and Fantom (FTM). Investors are keeping a close watch on these tokens, anticipating significant gains in the coming months.
Meanwhile, DTX Exchange is making headlines as it approaches a $2 million milestone in its presale phase, further fueling excitement in the crypto community. In this article, we will discuss the factors driving these predictions and what it means for your investments.
Whales are back in the game, with Shiba Inu (SHIB) making a substantial recovery, rejoining the trillion club after previously losing that title.
Over one trillion Shiba Inu (SHIB) tokens were transferred in the last 24 hours, which is a sign of a recovery for the meme coin. Whales are key players in pushing Shiba inu upwards and, finally, the recovery that might push Shiba Inu (SHIB) is here.
All those metrics saw a substantial uptick recently, with 57 large Shiba Inu (SHIB) transfers totaling 1.17 trillion SHIB recurring on the market in the last 24 hours, suggested IntoTheBlock.
This is a contrast to earlier this week, when just over 392.05 billion Shiba Inu (SHIB) was the lowest volume of large transactions recorded in a while. Large holders have transferred $16.04 million worth of SHIB over the last 24 hours, making a substantial comeback on the market.
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.
The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional proof-of-stake (PoS) algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Through token sales in 2018, Fantom raised almost $40 million to fund development.
DTX Exchange (DTX), an up-and-coming altcoin, has more room for growth than established tokens. As a low-cap gem, its potential is unrivaled, with over $1.5 million raised amid the presale frenzy.
The ICO is in round 2 and a token costs just $0.04. This low entry point, not forgetting its significant upside potential, makes it a new DeFi project to bet on irrespective of current market conditions. With adoption imminent, analysts project a 100x upswing after its debut and listing on Tier-1 exchanges.
Its impending transformation of the $10 billion global trading market makes it a new DeFi project to watch out for. This hybrid exchange protocol stands at the crossroads between CEX and DEX and bridges the gap between crypto and traditional finance (TradFi), setting it up for adoption.
Learn more:
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
