According to reports, Shiba Inu’s burn rate has increased by 772.63% in the past day as the community continues to make efforts to reduce its circulating supply. In other news, XRPKuwait has just launched two additional public hubs, increasing the total number in the region to four, a move that could increase the efficiency of the XRP Ledger.
Meanwhile, an upcoming hybrid exchange, DTX Exchange, which is set to revolutionize the $10 billion global trading sector, has piqued the interest of Shiba Inu and Ripple investors. Analysts forecast that DTX is among the best DeFi projects to join now.
Shiba Inu (SHIB) Burn Rate Pumps High
Information from Shibburn, the Shiba Inu (SHIB) burn tracker, reveals the project burned over 15,089,691 SHIB recently, raising the burn rate by 772.63%. While this remains a notable effort in the right direction, the community still has a long way to go. Data from CoinMarketCap shows the token’s circulating supply is still over 400 trillion.
In other news, the Shiba Inu coin price is up 11% on the biweekly chart. It is part of the top altcoins that has benefited from the Fed rate cut last week. Thanks to the price surge, Shiba Inu crypto is currently trading above the 50-day SMA at $0.00001390. Interestingly, the cryptocurrency has recorded 16 green days in the past month, which is well above average. Analysts forecast that the Shiba Inu price could increase to $0.000016408 in the coming weeks.
Ripple’s XRPKuwait Opens Two New Hubs
In a recent tweet, XRPKuwait announced that it has launched two additional public hubs, bringing the total number of XRPK hubs to 4. Over time, as additional nodes join onto the system and synchronize more effectively, features such as validation and confirmation times for a transaction may improve. In other news, the Ripple coin price is consolidating between $0.5 and $0.625 on the monthly timeframe.
The value of the cryptocurrency has increased by 11% on the biweekly chart, mirroring the positive sentiment in the crypto market and the news of its victory in the Ripple-SEC battle. Going forward, the sentiment around Ripple crypto is bullish. The coin is trading above the 50-day SMA ($0.56567) and 200-day SMA ($0.549646), a sign of bullish activity. Coincodex forecasts Ripple price to pump to $0.712079 in the next few weeks
DTX Exchange (DTX) Combines the Best Benefits of DEXs and CEXs
DTX Exchange (DTX) is a new hybrid exchange that merges the best features of both CEX and DEX. Unlike other trading platforms, it provides users with the best of both worlds, like security, decentralization, high liquidity, low fees, and fast transactions. Also, It allows people to trade multiple assets like CFDs, ETFs, indices, bonds, cryptocurrencies, and over 120K other assets with leverage up to 1000:1.
Also, DTX Exchange has no sign-up KYC checks, allowing traders to trade anonymously from anywhere in the world. All they need is an email, password, and crypto wallet to fund their account. DTX’s goal is to transform the $10 billion global trading market with these features and more. DTX is the utility token for the future DTX Exchange trading platform.
DTX token holders will be able to participate in the voting process and pay less fees for trading. Meanwhile, SolidPROOF has evaluated the platform’s smart contracts, making it a secure DeFi project that investors can feel safe to use. As DTX moves to transform the crypto trading platform space predicted to hit $14 billion, the project has attracted over $2.7 million in funding, making it one of the best ICOs this year.
Why Are Shiba Inu (SHIB) and Ripple (XRP) Investors Vested in DTX Exchange (DTX)?
DTX is an upcoming hybrid trading platform that seeks to give investors the best of both worlds – low trading fees, high liquidity, security, fast transactions, and decentralization. Based on these features, analysts forecast the price of DTX coin could skyrocket by 5x in the coming months, making it a top crypto to buy.
Learn more:
