Taxi Driver Turns $500 into $3.8M with SHIB, Now Bets on ‘Next Cardano’ at $0.14!

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In just two surges, the value of Shiba Inu (SHIB) skyrocketed from $500 to an astounding $3.8 million for a cab driver, demonstrating how digital currencies that gather speed and have strong community support can yield colossal profits.

Today, the Shiba Inu coin (SHIB) is under bearish influence, leading some investors to sell off their holdings and explore other promising investment options instead.

In light of the current market downturn, there’s a growing interest in the DTX Exchange (DTX). Its robust foundations and outstanding performance on blockchain analytics make DTX a frontrunner in the crypto sphere. Experts predict it will outpace the price growth of Cardano following its Binance listing.

Cardano Price at Major Support Level

On Friday, Cardano (ADA), a longstanding frontrunner in the cryptocurrency field, momentarily spiked to approximately $0.974 following a 24% decline from its prior peak. Over the past month, the value of Cardano has plummeted by more than 18%, causing its market capitalization to dip below $30 billion. Yet, ADA has found some stability at its 50-day exponentially moving average and the $0.90 support level.

 

As a crypto investor, I’ve noticed that the daily trading volumes of ADA have diminished, hinting at reduced trader activity. Currently, Cardano is moving within a channel pattern, with a significant resistance at around $1.10. The Moving Average Convergence Divergence (MACD) for Cardano has dipped below the zero line, pointing towards intense bearish pressure. At the moment, Cardano is trading at $0.94, and this recent bounce might suggest that the $0.89 level could have formed a temporary local bottom.

Due to recent improvements and advancements within the Cardano ecosystem, there’s a possibility that the price of ADA may reach its predicted goal of $1.50. In November 2024, the Total Value Locked (TVL) saw a significant resurgence, surging to an impressive $700 million. The historical trends of Cardano’s price suggest a recurring pattern that could initiate a substantial bull market.

Shiba Inu (SHIB) Faces Market Challenges

At the moment, Shiba Inu (SHIB) is being traded for approximately $0.0000218. Following a spike in early January, its price has noticeably dropped. As it approaches the lower boundary, which is 4.28% below its current value, there’s a possibility that Shiba Inu could find support here and attract buyers. If this happens, the significant resistance level to keep an eye on would be $0.000024.

Lately, the Shiba Inu (SHIB) group has declared a distribution of the TREAT token, together with instructions for users to collect it. Yesterday, Lucie, a marketing expert from the Shiba Inu (SHIB) community, shared this information in a post across various platforms. Moreover, Shytoshi Kusama, a key figure in the Shiba Inu (SHIB) community, has unveiled a unique promotional event for individuals who successfully claim their TREAT airdrop on Bitget.

DTX Exchange (DTX) Elevates Asset Trading For Investors

DTX Exchange (DTX) is swiftly making its mark as a significant contender in the trading exchange industry by merging conventional investments with advanced blockchain solutions. This innovative platform presents a hybrid characteristic, offering multi-asset trading across more than 120,000 financial assets such as stocks, digital currencies, and foreign exchange, all under one umbrella.

This sophisticated trading tool significantly enhances performance by offering exceptional features such as up to 1,000 times leverage and a cutting-edge real-time strategy construction system. With an execution time of merely 0.04 seconds, users can act swiftly and fine-tune minor price fluctuations with ease.

The DTX Exchange is transforming the asset trading landscape, with industry specialists predicting that its Ethereum-backed token points to significant expansion, particularly as major players in Cardano (ADA) and Shiba Inu (SHIB) are now directing their attention towards this venture. At present, the DTX token is available for purchase at $0.14 during round 7 of its presale. Experts anticipate that by 2025, the DTX Exchange could experience a growth of up to 100 times.

Find out more information about DTX Exchange (DTX) by visiting the links below:

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Visit DTX Website

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2025-01-18 16:02