

Shiba Inu (SHIB) and Polygon (MATIC) Lose Billions But DTX Exchange (DTX) Surges Over 200%
In the market correction after the bull run in the crypto market, Shiba Inu (SHIB) and Polygon (MATIC) are some of the most hurt.
Shiba Inu (SHIB) and Polygon (MATIC) have both seen significant losses in recent months, as the crypto market experiences a downturn. However, a new Defi entrant, DTX Exchange (DTX), has seen a surge of over 200%.
Shiba Inu (SHIB) is currently down 53% from its all-time high, and has lost over a billion dollars in this downtrend. The memecoin has been on a continuous bearish trend after a 400% rally, and is now trading at $0.000022.
Despite being down, SHIB is still showing some resilience by staying above the 200 moving average on the 4hr chart. However, a break below this moving average can lead to further downside.
Shiba Inu (SHIB) Price Chart - 4Hr Time Frame (TradingView)
Shiba Inu (SHIB) Price Analysis: Bearish Trend Continues
Shiba Inu (SHIB) recent price action has seen a continuous bearish trend, as the memecoin continues to correct after its 400% rally. Currently trading at $0.000022, SHIB has lost over a billion dollars in this downtrend.
The technical analysis for SHIB shows a downtrend, as the memecoin trades below its short-term 50 moving average. However, it is still above the 200 moving average, which could provide some support. The RSI (Relative strength index) is at 40 which is a sold region. MACD is just below the middle line sloping downwards.
Shiba Inu (SHIB) Price Analysis: Bearish Trend May Continue
Shiba Inu (SHIB) recent price action has seen a continuous bearish trend, as the memecoin continues to correct after its 400% rally. Currently trading at $0.000022, SHIB has lost over a billion dollars in this downtrend.
After a closer look at the technical analysis, we can see that SHIB is trading below its short-term 50 moving average, indicating bearishness. However, it is still above the 200 moving average, which could provide some support. The RSI (Relative strength index) is at 40 which is a sold region but we can see some more downside if price breaks below the current levels. The MACD is just below the middle line sloping downwards showing slight bearishness. From here a bounce is probable however, the overall market’s direction can better tell the future.
Polygon (MATIC) Launches Community Grants Program
Polygon (MATIC) has announced the launch of a $720 million Community Treasury, which will be used to fund blockchain projects over the next decade. This initiative aims to support developers working within both the Polygon and Ethereum ecosystems.
To kick things off, Polygon will be distributing 35 million of its tokens, valued at about $25 million, through the first season of its Community Grants Program (CGP). The program will be accepting applications from teams and individuals working on a wide range of projects, including DeFi, NFTs, Web3 infrastructure, gaming, and social impact initiatives.
Polygon (MATIC) is launching the CGP as a key component of its expansive vision for Polygon 2.0. This upgrade marks a new phase for the Polygon Layer 2 network, focusing on offering boundless scalability and smooth data sharing through its Value Layer.
DTX Exchange Set to Change Platform Landscape
With the correction in Shiba Inu (SHIB) and Polygon (MATIC), investors from the community are shifting to DTX. This L1 blockchain platform is quickly gaining popularity for its unique features.
Unlike other exchanges, DTX offers perks like 1000X leverage, distributed liquidity pools, non-custodial wallets, and no KYC requirements. The 1000X leverage allows investors to open large positions with relatively small capital, potentially leading to significant profits.
The platform’s distributed liquidity pools improve the trading experience by increasing liquidity and minimizing price slippage. DTX Exchange also prioritizes security with its non-custodial wallet system, giving users complete control over their private keys and assets. This reduces the risk of losing funds if there’s a security breach.
With a token sale currently pricing DTX tokens at $0.04, set to rise to $0.12 at the time of launch, that’s already a 3X before the launch, and after the launch, possibilities are endless.
News source:https://www.kdj.com/cryptocurrencies-news/articles/shiba-inu-shib-polygon-matic-lose-billions-dtx-exchange-dtx-surges.html
The above is the detailed content of Shiba Inu (SHIB) and Polygon (MATIC) Lose Billions But DTX Exchange (DTX) Surges Over 200%. For more information, please follow other related articles on the PHP Chinese website!

Altcoins are showing fresh signs of life following Trump's 90-day tariff pause, and three names in particular—XRP, HYPE, and ONDO—are catching investor attention.

What sounds better: winning big and then waiting days for the money to arrive, or playing at crypto casinos with instant withdrawal?

This new financial instrument would track the token's market price, with a third-party custodian holding the underlying AVAX

This guide is for informational purposes only. The token(s) discussed as potential rewards may not have launched yet or may never launch.

n Humanitarian Alliance Launches With 12 Founding Members to Harness Bitcoin's Power for Good

CINCINNATI, OH — A 73-year-old Delhi Township woman has regained more than $35,000 lost in a cryptocurrency scam, thanks to the quick action of local police and a specialized unit within the Ohio Bureau of Criminal Investigation (BCI)

Remittix, a new DeFi token, can be one of the best cryptos to put your money in this year, according to most.

After a long-running streak of breaking down from support levels, Dogecoin (DOGE) is set to reverse the trend.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

mPDF
mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),

DVWA
Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software

SecLists
SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.

Notepad++7.3.1
Easy-to-use and free code editor

MinGW - Minimalist GNU for Windows
This project is in the process of being migrated to osdn.net/projects/mingw, you can continue to follow us there. MinGW: A native Windows port of the GNU Compiler Collection (GCC), freely distributable import libraries and header files for building native Windows applications; includes extensions to the MSVC runtime to support C99 functionality. All MinGW software can run on 64-bit Windows platforms.