As the crypto market continues to recover, the meme coin sector is witnessing a remarkable upsurge, with several meme tokens displaying bullish signs of recovery. The market cap of meme coins has increased by 5%, closing $50 billion. This trendline signals a growing demand for meme coins, particularly after notable industry figures voiced support for them.
Among many meme coins surging, Shiba Inu (SHIB) and Pepe (PEPE) are lead gainers experiencing significant price increases. The surge is pushing investors to place their bets on the meme coins again due to an anticipated rally in the upcoming days.
Pepe (PEPE) price after a significant downturn from $0.00000720 to $0.00000517 is now again showing signs of a bullish recovery. The hype surrounds the meme coin after the announcement of the launch of PEPE’s perpetual futures on Coinbase International and Coinbase Advanced on April 18th.
The PEPE coin is currently trading witnessing a correction phase with price moving sideways. Investors are trading on short-term positions due to high market volatility. Despite these factors aligned, technical indicators indicate a bullish reversal leading to the price breakout above the all-time high of $0.00001064 in the upcoming weeks.
Shiba Inu (SHIB) price has witnessed a remarkable surge after the token burn rate increased to an impressive 25,035.22% over the past day. According to Shibburn, this surge can lead the token price to skyrocket as the supply is reduced, posing an enhanced deflationary status of the SHIB token.
Priced at $0.0000218, the SHIB price on the intraday chart is fluctuating. After the recent market dip, SHIB is showing recovery with prices expected to go bullish in the upcoming days due to increasing on-chain traffic, especially on the newly launched decentralized exchange, ShibaSwap. Shib Army is hyping the meme coin up that can lead to potential price breakouts in the next few weeks.
DTX Exchange (DTX) is emerging as a hybrid exchange that offers traders unique trading insights and profit capitalization through its 1000x leverage features. The platform has been gaining high investor traction around the world due to its extensive roadmap and massive growth potential in various markets, including forex, cryptos, equities, and CFDs.
The platform has recently created waves with its mind-blowing $2 million private seed round. It is showcasing exceptional performance, raising $230k within a few days, and selling over 50% of DTX tokens after entering stage 1 of the public presale. The platform boasts a robust and accessible trading environment, potentially displacing legacy exchanges in the DeFi space.
Traders can bid on higher positions using the DTX trading platform to capitalize on profits, along with DTX wallets and multi-tier accounts offering secure holding of digital assets. At the presale price of $0.02, investors rush to be a part of this secure, no-KYC project, which is set to moonshot to $2 once it goes live in the broader market.
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