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Crypto market analysts are eyeing a massive rally for Shiba Inu (SHIB) and DTX Exchange (DTX) amid the changing market conditions. Unlike the status quo, Avalanche (AVAX) has not been in the limelight lately. Interestingly, investors are leaving behind sluggish projects to explore emerging deFi prospects and trending memecoin networks to bag huge profits.
Going against the backdrop of a highly bullish market on Monday, the Shiba Inu (SHIB) burn rate saw a massive surge once again. This resulted in boosting market optimism surrounding the Shiba Inu (SHIB) price run ahead. Based on recent data, Shiba Inu (SHIB) noted a rough 1,000% surge in its burn rate after nearly 500 million SHIB were destroyed.
This event has projected bullish investor sentiment on the Ethereum-based Shiba Inu (SHIB) memecoin, with the broader market anticipating potential 300% gains in the near term. As per the official burn tracker data from Shiba Inu (SHIB), the memecoin burnt analysis showed that Shiba Inu (SHIB) witnessed a 1028.67% surge intraday.
Pro-meme coin investors are primarily attributing this surge to the destruction of 463.45 million tokens. The burn caused a massive blow to the supply, and SHIB’s current market supply waned to 589.26 trillion coins at the time of writing. Most importantly, the weekly burn data on X indicated that 615.15 million tokens had been burnt over the past 7 days, which adds to investor interest surrounding the asset.
Avalanche (AVAX) has been recently in the limelight among developers during key developments within the blockchain and the broader market rally. In the last 7 days, Avalanche (AVAX) has shown strong 35% gains, showing its participation in the crypto market surge. Market analysts believe that the Avalanche (AVAX) won’t stop on its upward journey anytime soon.
Also, on the daily technical chart, Avalanche (AVAX) is indicating strong buying action while suggesting a perfect buying opportunity. As of today, Avalanche (AVAX) is trading 1% down at $32.27 with a $13.06 billion market cap. Also its daily 24-hour trading volume has also surged by 71.6% to $1.11 billion.
Avalanche (AVAX) has recently broken through a strong $30 resistance level, with its price now moving toward the next key resistance point. The Avalanche (AVAX) network’s surge has also seen it cross the 200 Exponential Moving Average (EMA) on the daily chart. This pattern signals a shift in market sentiment from a downtrend to an uptrend.
Leading the crypto giants by notable margins, DTX Exchange (DTX) is making it big on the price chart. As a hybrid crypto trading exchange, DTX Exchange enables users to trade cryptos, FX, equities, and CFDs. The new exchange UI platform features cutting-edge infrastructure and insane trading features to offer mind-blowing trading opportunities to investors.
Following its successful pre-listing on CoinMarketCap, DTX Exchange (DTX) has gained strong momentum and gone all in. Its ongoing presale is currently at $0.08 per token and has already raised over $7 million in a matter of weeks. This bullish sentiment indicates strong investor confidence and community support.
According to a recent analysis, market researchers reveal that DTX Exchange (DTX) might be on the verge of dominating Avalanche (AVAX) based on its booming presale performance. Additionally, the platform’s frequent promo codes and schemes make it an attractive investment opportunity in the unstable crypto market compared to Avalanche (AVAX).
As Avalanche (AVAX) and Shiba Inu (SHIB) turn bullish amid the broader market sentiment shift, DTX Exchange (DTX) is on the brink of exploding 200% as it accelerates towards the completion of its ongoing presale round 4, with expectations to sell for higher in the upcoming rounds. Join now!
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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.
