DTX Exchange (DTX) Skyrockets Towards $4M As Whale Activity Rises

Whale actions are usually important in the crypto space as their activities could determine price movements. Currently, Shiba Inu whales (SHIB) have started investing

Shiba Inu (SHIB) whales have started investing in a new project, DTX Exchange (DTX). The project is currently in stage 3 of its presale and has managed to raise nearly $4 million in funding.

According to data from IntoTheBlock, the volume of large transactions involving Shiba Inu (SHIB) has increased in the past day. It has increased by 109.83% within this period. This increase in trading momentum could benefit either the bears or the bulls.

Meanwhile, Shiba Inu coin has managed to recover some of its losses from September this month. Price data from CoinMarketCap shows that the value of Shiba Inu (SHIB) has increased by 7% on the weekly chart and 37% on the monthly timeframe.

The price of Shiba Inu is now very close to crossing the 200-SMA at $0.00001819. If this happens, the value of the Shiba Inu crypto could return to the $0.000020 zone. On the other hand, a price drop could lead to a retest of the support at 50-SMA ($0.00001502).

DTX Exchange (DTX) Surges Towards $4M As Whale Activity Rises

DTX Exchange (DTX), a leading ICO in the market, has raised around $3.95 million during the presale stage. The next target is to cross $5 million before the end of October.

Moreover, there has been a massive influx of investors into the project. As a result, the team has launched a new VIP rebate system that will help them achieve this goal. Under this system, DTX token holders will receive up to 3% of the exchange's revenue.

This is an opportunity for investors to earn additional money for their support and activity on the platform. The amount received will depend on the number of DTX coins they hold. Fortunately, the DeFi token is priced at only $0.06, which is a good entry point for smart investors.

In addition to the reward, holders will gain access to DTX Exchange's upcoming hybrid trading platform. The exchange combines the best of CEX and DEX into one.

One of the features that are highlighted the most at DTX Exchange are the advanced trading tools and features. It allows users to trade with up to 1000x leverage without having to go through Know Your Customer (KYC) checks. Furthermore, users can also trade over 120,000 assets, including stocks, forex, CFDs, bonds, cryptos, and more.

DTX Exchange has even launched VulcanX, an extension that enhances trading promotions by reducing the cost of transactions, making trades cheaper.

Solana (SOL) Developer Activity Increases By 10% In First Week Of October

Solana (SOL) has been struggling to sustain the upward move to cross $150 in the past week. However, this has not affected developer activity which had increased in the first week of October.

Based on data from Santiment, the Solana (SOL) GitHub activity had increased by 10.7%. This uptrend indicates that more projects are joining the Solana network. It also means developers are attracted to the blockchain, which is known for fast speed and low fees.

Presently, the Solana price is trading between 50-SMA ($142.45) and 200-SMA ($146.73). Its 14-day RSI has been rising and has crossed the 50 mark, an indication that a bullish price movement could occur in the next trading sessions. Based on this upward momentum, the value of the Solana coin could soar past the $150 mark and rise to $200.

DTX Exchange To Outshine Solana (SOL) and Shiba Inu (SHIB)

Shiba Inu’s (SHIB) whale interest in DTX Exchange shows that the DeFi project has a lot of upside potential. According to industry experts, its hybrid features and reward system could lead to more adoption in the future, positioning it to become a major contender in the crypto market.

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