Shiba Inu (SHIB) is surrounded by negative indicators following the broader market shift that caused various cryptocurrencies to lose billions.
However, Worldcoin (WLD) and DTX Exchange (DTX) present strong performance traits that defy the bearish market sentiment. These two display statistics that will set the crypto stage on fire as the status quo gains traction.
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Shiba Inu (SHIB) Faces a 53% Dip: Investors Move Out
Typically, the high-flying memecoin Shiba Inu (SHIB) has recently faced a brutal hit after the market turmoil pushed back its price action. As a result, Shiba Inu (SHIB) declined from a high of $0.000036 back in March to a low of $0.000016 at the time of writing. This entire price crash event has resulted in a 53.3% dip in the Shiba Inu (SHIB) network’s trading value.
Shiba Inu (SHIB) has also witnessed a high number of trading activity in its network after the massive decline. This trading volume has surged just because investors are dumping their Shiba Inu (SHIB) tokens to explore other avenues for profit. While the trading volume shot up by 20% and reached $338.6 million, Shiba Inu (SHIB) is still behind on the price action and is losing traction.
While the short-term bearish move has driven Shiba Inu (SHIB) near a critical price point, it has accumulated a total of 148% surge in 2023, suggesting that it is still a good investment option in the memecoin sector. While Shiba Inu (SHIB) takes time to recover from this massive slump, investors are seeking other emerging projects like DTX Exchange (DTX) to seek shelter.
Worldcoin (WLD) Might Overcome The Broader Market Shift
The shifting market trend has thrown the Worldcoin (WLD) network’s trading value down by 1.62% in the last 24 hours. As of today, Worldcoin (WLD) is trading at $2.18, with a 24-hour trading volume of $190.42 million. Its volume has also dipped by 12.14% (approximately $22 million), while the $1.22 billion market cap has declined by 3.70% ($45.1 million).
According to the analysts, Worldcoin (WLD) might display a rebound in the near term. Currently, its price is showing signs of recovering from recent lows and is consolidating near $2.29. While Worldcoin (WLD) will find support at $2.22, it is quite possible that the altcoin might jump back because this is exactly the price point where Worldcoin (WLD) has rebounded multiple times.
Unfortunately, if Worldcoin (WLD) fails to break it and falls below this level, it could lead to a $2.17 test. Worldcoin (WLD) will face resistance at $2.30, and breaking above this level will push the price to $2.37. However, if that’s not the case, Worldcoin (WLD) might revisit the $2.22 support level and rely on its community to hold it strong while the market volatility settles.
DTX Exchange Slams Memecoin Frenzy With Viral Google Ranking
DTX Exchange (DTX) has topped off the charts with its rapidly growing adoption among retail traders and investors. Following the resounding success of its Coinmarketcap launch, DTX Exchange has now amazed investors and analysts with its prominent Google Ranking that brought massive media coverage to the network as well as renewed momentum for its presale.
By making it to the top ranking of one of the top multinational companies in the U.S., DTX Exchange (DTX) has made one thing clear – it’s in the crypto market only to gain momentum and outshine crypto giants with its leading Layer1 blockchain technology. DTX Exchange has become traders’ 1st choice for its next-gen platform that offers financial inclusion and trading flexibility.
Presale Powerhouse Dodges Major Market Crash with Bullish Rally
While the broader market shift has damaged the profile of many of the cryptocurrencies, DTX Exchange (DTX) has dodged a bullet by maintaining its presale rally and recording a massive $6 million milestone as market bulls pumped the new entrant deFi project in hopes of seeking shelter after they lost millions in the declining cryptocurrency market.
As Shiba Inu (SHIB) and Worldcoin (WLD) struggle to keep up with this skyrocketing deFi sensation, more and more investors are flocking to the network to become a part of the next biggest opportunity in the market.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.