Mantix (MTX) Could Outpace Shiba Inu (SHIB) and Dogecoin (DOGE) This Year

Following the persistent change in market dynamics, traders are now asking which coin is best to buy now for massive returns.

Shiba Inu (SHIB) and Dogecoin (DOGE) are among the most popular cryptocurrency tokens. Both tokens have experienced significant price appreciation in recent months, and they continue to be in the spotlight as traders search for the best coin to buy now for massive returns. However, another token has emerged as a strong contender for traders seeking substantial gains.

Shiba Inu and Dogecoin have faced varied levels of volatility in recent times due to external factors such as macroeconomic conditions and regulatory changes. These tokens have also been subject to the whims of Bitcoin, the flagship cryptocurrency, which often dictates the overall cryptocurrency market trends. Despite the market turbulence, Shiba Inu has displayed remarkable resilience, notably after notching gains despite breaking through critical resistance levels.

However, a new project in the decentralized finance space has attracted attention for its unique contributions. Mantix (MTX) is a decentralized network that aims to bridge the gap between centralized control and accessible, profitable digital assets. In essence, Mantix empowers users with complete control over their digital assets while eliminating the risks typically associated with centralized exchanges.

As an upcoming presale token, Mantix is quickly becoming a hot topic in the crypto sphere, especially with its presale rapidly approaching completion. Experts predict that the token could surge 100x from its presale price due to the rapid pace at which investors are flocking to the presale.

Shiba Inu Whales Begin Accumulating SHIB

Shiba Inu whales are gradually returning to the ecosystem and accumulating SHIB tokens following a period of inactivity. After the token dropped from its highest point in November, these whales largely remained inactive until recently.

According to data from DeFiLlama, SHIB tokens worth over $250 million were liquidated by whales in November 2022 at the peak of the market downturn. However, following this period of liquidation, SHIB experienced a decline of 80% from its highest point, dropping to $0.0000128.

Now, as the token attempts to recover, these whales have become more active, slowly accumulating SHIB tokens. Over the past week, there has been a net inflow of SHIB tokens into whale wallets.

Shiba Inu is currently trading at $0.00014, showing a decline of 9.5% over the past seven days as the broader market experiences bearish pressure.

Dogecoin Transaction Volume Surges 41.1%

Following the period of inactivity, whales on the Dogecoin ecosystem have become more active, particularly in terms of daily transaction volumes. According to data from blockchain analytics firm IntoTheBlock, the volume of DOGE tokens being moved has surged.

In the past seven days, tokens worth $23.3 billion have been liquidated, a significant increase from the previous seven days, where tokens worth $16.5 billion were liquidated.

The increased activity from whales could be attributed to the sluggish price movement of DOGE. The token is currently trading at $0.22, showing a decline of 3.5% over the past seven days.

Experts Say New Token Could Outpace Shiba Inu and Dogecoin

In the present market scenario, where macroeconomic conditions are in a state of flux and traders are seeking the best coin to buy now for massive returns, there are an overwhelming number of projects to choose from.

However, a new project in the decentralized finance space has sparked discussions due to its contributions towards helping traders enhance their activities. Enter Mantix (MTX), a decentralized network that aims to bridge the gap between centralized control and accessible, profitable digital assets.

In essence, Mantix empowers users with complete control over their digital assets and eliminates the risks typically associated with centralized exchanges. As an upcoming presale token, Mantix is quickly becoming a hot topic in the crypto sphere, especially with its presale rapidly approaching completion.

Experts predict that the token could surge 100x from its presale price due to the rapid pace at which investors are flocking to the presale.

Now in Stage 1 of its presale, each MTX token is priced at $0.2 and over $600,000 has been raised. Due to the increased demand from investors, MTX's value will soon rise to $0.218 and it could outpace Shiba Inu and Dogecoin for gold in 2025.

Mantix solves the problem of decentralized order matching, liquidity management and also allows for decentralized governance. Among the benefits of joining the MTX presale are income generating features such as rewards where 12% of the token supply will be allocated to dedicated users on the platform. So with MTX you can participate in activities such as staking, governance voting and liquidity provision.