The post Shiba Inu Traders are Flipping to Utility Altcoins: Which Altcoins Are They Buying? appeared on BitcoinEthereumNews.com.

While there is no doubt that the overall market sentiment is on the bearish side, there are still opportunities for investors willing to look for high-utility offerings. There are undiscovered altcoin gems available for investors willing to explore. As the overall corrections push hyped coins back to their original valuations, utility projects like Cardano and DTX Exchange are emerging as high-gain options.  Out of these two, what is surprising is that the ICO project, DeFi-based, hybrid trading platform DTX Exchange (DTX) is winning as the best choice for investors. With over 800% ROI, it has outperformed the returns of both Cardano and Shiba Inu prices. The global trading industry is worth over trillions of dollars. If DTX Exchange carves out a small share, the platform will hit a multi-billion dollar market cap. Combined with its token cap of 475 million, DTX investors will be set to make gains of over 1,000%. This makes the current price of $0.18 a steal. SHIB Investors Fed Up With Dropping Shiba Inu Price The SHIB network is the second largest meme coin network, and with the overall meme coin sector under scrutiny and the meme sector crashing after the Libra collapse, the Shiba Inu price is gradually losing all the value gained from the market surge that started in November 2024.  SHIB’s trading data shows a steady downward trend in Shiba Inu price as it dropped below key support ranges. The Shiba Inu price has plunged by 6% in the weekly and 24% on the monthly charts. If the current trend continues in the SHIB chart, the meme coin could drop below the key $0.000015 support range.  Cardano Regains Momentum As Technical Improvements Pile Up Like most other altcoins, Cardano was also under a correctional phase in the past few weeks. However, the price…

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Filed under: News - @ February 25, 2025 9:21 am