Memecoins have ruled the market in the last few years with leading coins DOGE and Shiba Inu (SHIB) and new memecoins like Book Of Memecoin (BOME), but the trend has changed, and utility coins are now leading the market.
DTX Exchange is emerging as the main competitor of the memecoins like Book Of Memecoin (BOME) and Shiba Inu (SHIB).
We will compare the recent price action of the hot memecoins – Shiba Inu (SHIB) and Book Of Meme (BOME) and will compare them to DTX Exchange (DTX).
Book Of Meme (BOME) Proceeding Towards Its Launch Price
Book Of Meme (BOME) is a relatively new memecoin, launched in March this year. After the initial hype, it has lost its momentum and is consolidating for 5 months now. According to coinmarketcap, Book Of Meme (BOME) was listed at the price of $0.001148 and currently is trading at $0.0064, and it is also working as a strong support level for the coin.
If the Book Of Meme (BOME) price is going to change direction, a strong demand zone has to be created at the current level; otherwise, it can reach its launch price if it breaks down the $0.006 level. Also, for Book Of Meme (BOME), the important thing here will be the volume of selling or buying that will decide the strength in price.
DTX Exchange Strongest In The Weak Market
DTX Exchange was launched recently at the price of just $0.02 and the current price is $0.004. DTX has already increased 100% from the first stage in a short span of time. The volume of buying has been strong as the presale has crossed above $1.35 million, with over 5,000 holders believing in the coin.
For those who don’t know, DTX Exchange is the first hybrid exchange set to revolutionize traditional finance with its all-in-one hybrid platform. It offers top-notch security and lightning-fast trade execution in just 0.04 seconds. Traders can access over 120,000 assets from global financial markets, including stocks, cryptocurrencies, equities, and forex.
With the introduction of 1000x leverage, traders can now take larger market positions and potentially enjoy substantial gains. With advanced automation and cutting-edge analytics, traders worldwide have a powerful opportunity to maximize profits, even in volatile markets.
Shiba Inu (SHIB) Struggling To Hold The Support Level
The bottom made on the 5th made investors think that this could be the reversal point for the Shiba Inu (SHIB), but the coin has not been able to bounce from the level and is showing very weak price behavior. Last week, Shiba Inu (SHIB) showed some bullish momentum, moving 11% in a day, but after that, it pulled back to the current support level of $0.000013.
Going forward, it will be interesting to see if the Shiba Inu (SHIB) price is breaking the level or taking off from it. Major key moving averages are still the resistance for Shiba Inu (SHIB), and the next hurdle is $0.000014. A deceive break above or below these levels will give a clear
direction to the coin.
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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.