After a long time of inactivity, memecoins gave a breakout, but in yesterday’s fall, they are back from where they started. Shiba Inu (SHIB), after touching a high of $0.000021, is back to the breakout level. Shiba Inu (SHIB) is taking support around the 20-day moving average, while the PA still looks weak.
This bad performance in memecoins has pushed investors to seek other opportunities in the market.
Here, we will discuss the recent price action of three coins that have the potential to outperform Shiba Inu (SHIB): Fantom (FTM), Ripple (XRP), and DTX Exchange (DTX).
Fantom (FTM) At Breakout Level Amid Market Fall
Fantom (FTM) is a coin showing strong price action. Its RSI of 67 indicates buying interest in the coin. While Shiba Inu (SHIB) is down 22% from its previous swing high, Fantom is trading at its 3-month high. The recent fall hasn’t affected Fantom (FTM)’s price, as it is still trading above its 10-day moving average.
According to technical analysis, Fantom (FTM) is trading inside the box pattern, which has a range of $0.65-0.73. A breakout from this range will further decide the direction of the coin. On the upper side, $0.98 and $1.22 are the two major resistance levels. If Fantom (FTM) breaks through these resistance levels, it will achieve an all-time high.
Ripple (XRP) Faces High Volatility
Ripple (XRP) has again failed to break out of the descending trendline it has been following since July. On Saturday Ripple (XRP) made a great move increasing by 11%, thus rallying from within the base. Nevertheless, after the war news it has been adjusted back to its short-term moving averages.
At the time of writing, Ripple (XRP) changes hands at $0.59, which represents a 5.31% decrease in the last 24 hours. The total market share of the currency is $33.7 billion and it remains on the #7th spot in the crypto market. In addition, within the span of the last 24 hours, a trading volume of 66% has amplified resulting from Ripple (XRP)′s higher volatility.
DTX Exchange (DTX) Crosses $3.5 MillIon Becomes Top Project Of 2024
One of the best presales of the year is DTX Exchange (DTX), which is drawing the attention of many investors. DTX Exchange has raised $3.5 million and becomes pretty famous because of its unique offerings, like its own Layer-1 blockchain and the VulcanX protocol, which allows low gas fee trading that is much more efficient. DTX Exchange is a platform individuals use to trade cryptos, forex, and equities directly in a highly precise and quick manner.
DTX Exchange is a platform where users can trade cryptocurrencies, forex, and equities with precision and high-speed execution. It allows you to trade different assets in a single platform with an increased buying potential of up to 1,000X.
For those concerned about privacy, DTX Exchange doesn’t require sign-up KYC checks, a feature many users find intrusive and slow. This sets DTX apart, focusing on providing maximum privacy. Currently priced at just $0.06 per token, industry experts predict it could surge to $2 later this year, with analysts expecting a 40-50x increase when the coin lists on the first centralized exchange.
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