Shiba Inu (SHIB) turned $500 to $3.8 million in two successive rallies for a taxi driver, showing how cryptocurrencies with momentum and community backing deliver massive returns. However, today, the SHIB price faces bearish pressure, leaving investors to liquidate their positions and shift to other potential opportunities. Amid the market bearishness, investors are focusing on DTX Exchange (DTX). Due to its strong fundamentals and exceptional achievement in on-chain metrics, DTX is positioned to lead the crypto market. Analysts believe it will surpass the Cardano price growth after the Binance listing. Cardano Price at Major Support Level Cardano (ADA), a long-time leader in the crypto space, briefly climbed to around $0.974 on Friday after a 24% drop from its previous swing high. The Cardano price has lost over 18% within 30 days, dragging its market capitalization below $30 billion. However, ADA has taken support at the 50-day exponential moving average combined with the $0.90 support level. Source: CoinMarketCap On-chain data shows that ADA daily trading volumes have also decreased, indicating lower trader participation. The Cardano price is trading inside the channel pattern, with a breakout resistance at $1.10. ADA Moving Average Convergence Divergence (MACD) has dropped below the zero line, indicating strong bearish pressure. The Cardano price now trades at $0.94 the bounce suggests the $0.89 level may have established a local bottom. With the ecosystem upgrades and new developments, the Cardano price might reach the $1.50 target. ADA’s Total Value Locked (TVL) made a strong comeback in November 2024, climbing to $700 million. The Cardano price history hints at a familiar pattern repeating, which could potentially spark a major bull run. Shiba Inu (SHIB) Faces Market Challenges Shiba Inu (SHIB) is currently trading at $0.0000218, experiencing a price dip after a surge in the first week of January. It’s nearing the lower band, which is 4.28% below its current level. If Shiba Inu (SHIB) finds support at this point and buyers step in, the next key resistance to watch is $0.000024. Recently, the Shiba Inu (SHIB) team announced an airdrop for the TREAT token, along with steps for users to claim it. Lucie, the Shiba Inu (SHIB) ecosystem’s marketing specialist, shared this update in an X post yesterday. Additionally, Shytoshi Kusama, the Shiba Inu (SHIB) leader,revealed a special promotional event for users who claim their TREAT airdrop on Bitget. DTX Exchange (DTX) Elevates Asset Trading For Investors DTX Exchange (DTX) is rapidly establishing itself as a major competitor in the trading exchange sector, combining traditional assets with sophisticated blockchain technology. The platform introduces a hybrid feature that provides multi-asset trading in over 120,000+ financial assets, including stocks, cryptocurrency, and forex, under a single roof. The advanced platform boosts trading performance with incredible features like 1,000x leverage and an advanced real-time strategy builder. Its execution speed is 0.04 seconds, so traders can operate quickly and optimize small price movements. DTX Exchange is revolutionizing asset trading, and experts believe its Ethereum-based token signals growth, especially as Cardano (ADA) and Shiba Inu (SHIB) whales shift focus to this project. DTX token is currently trading for $0.14 in round 7 of its presale. Market experts believe that DTX Exchange could deliver 100X growth in 2025. Find out more information about DTX Exchange (DTX) by visiting the links below: Buy Presale Visit DTX Website Join The DTX Community The post Taxi Driver That Made $3.8M in SHIB Last Cycle Now Switching to New $0.14 Altcoin; Calls it “Next Cardano” appeared first on CoinGape .
