Bitcoin's rise to $100,000 has significantly impacted the crypto market. This article examines the effects on meme coins like Shiba Inu and PEPE and analyzes DTX Exchange's success during this time.
Shiba Inu (SHIB) Faces Challenges
Shiba Inu (SHIB) showed a 54% increase in November, but since the start of December, it has faced bearish trends, dropping from the monthly high of $0.000033 to a low of $0.000024. In the last 24 hours, SHIB decreased by 2.28%, and the trading volume fell by 23.9%. Despite this, community sentiment remains positive according to Coinmarketcap data. In the past two days, 17 million SHIB tokens have been burned, with a total worth of about $500.
PEPE's Situation
PEPE also experienced a significant drop to $0.000021 but quickly rose by 18% on Wednesday. However, the ongoing battle between bulls and bears results in indecisive price movements in the charts. The primary reason for the current correction is the parabolic extension in PEPE's price in November.
DTX Exchange's Presale Success
DTX Exchange has positioned itself as a new player in the market, offering a unique trading platform and focusing on real-world applications in the trading exchange and decentralized finance industries. During its presale, DTX attracted $10.2 million and chose retail investors, ensuring equal opportunities for them.
Despite the correction in the meme coin market, DTX Exchange's success highlights how effectively integrated innovations can stand out in a competitive market.
