The cryptocurrency market is currently experiencing a significant downturn, leading to a visible decline in its overall value. This downward trend may be attributed to concerns surrounding the impending compensations for the victims of the 2014 Mt. Gox hack. Notably, Avalanche (AVAX) and Shiba Inu (SHIB) are two prominent coins that are encountering a bearish market sentiment.

Investors who are involved in Avalanche (AVAX) and Shiba Inu (SHIB) are actively seeking opportunities in the cryptocurrency space for potential market leadership. They are particularly intrigued by the prospects of a new player, DTX Exchange. Anticipations were high for a substantial return of 100 times the investment following the launch of DTX Exchange.

Avalanche (AVAX) Facing Support Retest Failure

Presently, the price of Avalanche stands at $25.8, holding a market capitalization of $10 billion. Observing the technical chart on a weekly basis reveals that the price of Avalanche (AVAX) has recently been rejected after an attempted retest of the support level.

The rejection signals a prevailing bearish sentiment in the Avalanche (AVAX) price dynamics. After breaking through the crucial support level of $30 and subsequently retesting it a few days ago, the rejection has failed, causing the price to return to its lower levels.

Despite its established presence and significant influence, Avalanche (AVAX) is currently witnessing a robust bearish momentum. Traders are advised to carefully assess their positions and consider making adjustments in case of escalating losses.

Shiba Inu (SHIB) Adoption as Payment Method in the US by KNOS

Shiba Inu (SHIB), known as one of the leading meme coins in the market, has achieved a milestone by becoming an accepted payment method by Kronos Advanced Technologies (KNOS), marking the first public company in the United States to do so. This strategic move is a significant feat for Shiba Inu (SHIB).

CEO Rubin elaborated that the integration of Shiba Inu (SHIB) resonates with Kronos' forward-thinking approach and commitment to embracing technological progress. This decision is expected to bring benefits to both the company and its clientele, solidifying Kronos' position among tech-savvy users while ensuring future competitiveness.

Kronos formally declared the acceptance of Shiba Inu (SHIB) as a widely recognized payment option in a Form 8-K submission to the US Securities and Exchange Commission (SEC), marking a pivotal moment for Shiba Inu (SHIB) as well as the broader cryptocurrency industry.

Investment Enthusiasm in DTX Exchange for 100x Return on Investment

Avalanche (AVAX) and Shiba Inu (SHIB) are placing their faith in the potential of DTX Exchange to offer a remarkable 100x return on investment. DTX is currently priced at $0.04 and is projected to surge to $0.06 during the upcoming presale phase. The introduction of a new blockchain technology has captured the interest of investors, presenting an avenue for significant gains.

DTX Exchange provides a platform for trading various assets such as cryptocurrencies, forex, equities, and contract-for-differences (CFDs). It boasts distinctive trading functionalities and advanced infrastructural capabilities. Notably, DTX stands out as a major exchange offering 1000x leverage without the necessity of KYC verification.

With its low trading fees, traders can optimize their investment potential through the platform's community-oriented approach. Community members stand to benefit from potential airdrops and possess governance and voting privileges.

The ongoing developments at DTX Exchange indicate a promising outlook for investors seeking substantial returns. For further insights into the presale process, refer to the official source.