Memecoin Hype Sinks as Traders Shift to Utility Tokens; DTX Exchange Under Spotlight

The
meme
market
is
witnessing
a
massive
6.5%
decline
in
its
market
share,
dropping
below
the
$45
billion
mark.
Legacy
memecoins
like
Shiba
Inu
(SHIB)
and
Dogecoin
(DOGE)
are
leaving
investors
in
losses
due
to
their
lack
of
real-world
utility
and
notable
downtrend
over
the
past
several
weeks. 

Many
large-scale
investors
are
turning
their
focus
to
real-world
tokens
like
DTX
Exchange
(DTX).
The
hybrid
platform
stands
out
for
its
ground-breaking
offerings
in
the
tradFi
sector,
including
the
cutting-edge
marketplace
for
all
financial
sectors.
Currently
in
presale,
the
project
is
rapidly
growing
to
become
the
next
biggest
exchange
in
the
deFi
sector. 

DOGE
Price
Struggles
After
Investors
Liquidate
$60M
Dogecoin

Dogecoin
has
taken
notable
steps
in
the
utility
market
this
year
with
key
integrations
and
collaborations.
Still,
Dogecoin
is
far
from
matching
with
real
assets
that
add
value
to
the
deFi
sector
and
daily
life
use
cases.
Following
the
recent
DOGE
price
drop,
investors
have
liquidated
$60
million
in
Dogecoin,
shifting
to
other
crypto
ventures
for
gains
and
sustainable
growth. 

Moreover,
the
recent


disassociation

of
Dogecoin
from
X
payments
has
led
community
members
to
speculate
with
hopes
and
disappointments.
The
DOGE
price
has
been
struggling
for
the
past
few
weeks,
witnessing
a
notable
price
drop
of
27%.
While
reversal
trends
are
plausible,
investors
still
hesitate
to
bet
high
on
Dogecoin
due
to
recent
market
trends. 

DOGE
price
stands
at
a
crucial
breaking
point
with
RSI
at
33,
indicating
a
potential
recovery.
As
in
the
oversold
zone,
buyers
can
come
soon
into
action,
pushing
the
DOGE
price
to
upper
support
levels.
On
the
flip
side,
if
bulls
fail
to
exert
pressure
on
the
meme
token,
the
DOGE
price
can
drop
below
$0.1.

Shiba
Inu
(SHIB)
Drops
31%
Amid
High
Volatility
and
Scam
Activities

Shiba
Inu
(SHIB)
price
is
struggling
to
maintain
market
dominance
with
a
31%
decline
on
the
30-day
chart.
Shiba
Inu
(SHIB)
investors
are
speculating
about
its
future
trajectory
amid
high
burning
rates
and
increasing
scam
activities.
Despite
the
recent


integration

with
Crypto.com’s
Visa
card,
Shiba
Inu
(SHIB)
is
far
from
a
utility-based
token. 

Paper
hands
are
selling
SHIB
tokens
at
high
levels
as
indicated
by
a
102%
surge
in
the
transactional
volume
of
the
token.
Similar
to
other
top
memecoins,
Shiba
Inu
(SHIB)
is
displaying
signs
of
recovery
as
the
broader
market
optimism
grows.
What
threatens
its
market
dominance
are
the
brighter
prospects
of
emerging
1000x
leverage
DTX
Exchange. 

DTX
Exchange
Presale
Frenzy
Surges
Beyond
$730,000 

DTX ExchangeDTX Exchange”>

DTX
Exchange

is
under
global
spotlight,
emerging
as
the
first
L1
project
at
ICO
stage.
The
platform
leverages
industry-backed
cutting
edge
technologies,
offering
scalability
and
extensive
use
case.
Through
its
1000x
leverage
feature,
traders
can
gain
higher
market
positions
and
make
millions
with
minimum
capital. 

DTX
Exchange
presale
has
achieved
a
significant
milestone
as
the
presale
is
gaining
momentum.
Raising
more
than
$730,000
in
stage
2
with
continuous
influx
can
soon
push
the
price
of
tokens
to
$0.06
from
the
current
price
of
$0.04.
Due
to
the
global
scope
of
DTX
Exchange
and
robust
security,
investors
are
flocking
to
buy
this
emerging
standout
token
for
100x
gains. 

DTX
Team
Announces
VulcanX
Update

DTX
Exchange
is
catching
the
market’s
attention
with
its
VulcanX
update.
The
platform
offers
gas
free
trading
through
the
update,
enhancing
the
trading
experience
for
traders
from
all
sector.
With
blockchain
layer
1
technology
and
lightning-fast
execution
speed,
DTX
Exchange
will
soon
replace
legacy
marketplaces
due
to
its
hybrid
model. 

Learn
more: 

Visit DTX PresaleVisit DTX Presale”>

Visit
DTX
Presale

Read WhitepaperRead Whitepaper”>

Read
Whitepaper

Join The DTX Community Join The DTX Community “>

Join
The
DTX
Community