DTX Exchange Emerges as the Top Contender Against Memecoins Like Book Of Memecoin (BOME) and Shiba Inu (SHIB)

Memecoins have ruled the market in the last few years with leading coins DOGE and Shiba Inu (SHIB) and new memecoins like Book Of Memecoin (BOME

Memecoins have dominated the market in recent years, with leading coins like DOGE and SHIB, and new memecoins like BOME emerging. However, the trend has shifted, and utility coins are now leading the market.

One coin that has emerged as a strong competitor to memecoins like BOME and SHIB is DTX Exchange (DTX). We will compare the recent price action of these hot memecoins and see how they stack up against DTX Exchange.

Book Of Meme (BOME) heading towards its launch price

Book Of Meme (BOME) is a relatively new memecoin that was launched in March of this year. After an initial rally, the coin quickly lost momentum and has been consolidating for the past 5 months.

According to coinmarketcap, BOME was listed at a price of $0.001148 and is currently trading at $0.000064. This level has also served as a strong support for the coin.

If the price of BOME is going to change direction, a strong demand zone should be created at the current level, otherwise the coin could drop to its launch price if it breaks down from the $0.00006 level.

The key factor for BOME will be the volume of selling or buying that will determine the strength in price.

DTX Exchange is the strongest in a weak market

DTX Exchange was recently launched at a price of just $0.02 and the current price is $0.004. DTX has already increased by 100% from the first stage in a short span of time.

The buying volume has been strong as the presale crossed $1.35 million, with over 5,000 holders believing in the coin.

For those who don't know, DTX Exchange is the first hybrid exchange that will revolutionize traditional finance with its all-in-one hybrid platform. It offers top-notch security and lightning-fast trade execution in just 0.04 seconds.

Traders can access over 120,000 assets from global financial markets, including stocks, cryptocurrencies, equities and forex.

With the introduction of 1000x leverage, traders can now take larger market positions and potentially enjoy substantial gains.

Advanced automation and cutting-edge analytics provide traders worldwide with an optimal opportunity to maximize profits, even in volatile markets.

Shiba Inu (SHIB) struggles to maintain support

The bottom made on the 5th had investors thinking that this could be the turning point for Shiba Inu (SHIB), but the coin failed to bounce from the level and showed very weak price action.

Last week, SHIB showed some bullish momentum, moving 11% in a day, but after that it pulled back to the current support level of $0.000013.

Going forward, it will be interesting to see if the SHIB price breaks this level or takes off from it.

The major moving averages are still acting as resistance for SHIB, with the next hurdle being $0.000014. A decisive break above or below these levels will give a clear direction to the coin.

The above is the detailed content of DTX Exchange Emerges as the Top Contender Against Memecoins Like Book Of Memecoin (BOME) and Shiba Inu (SHIB). For more information, please follow other related articles on the PHP Chinese website!