Memecoins Return With Massive Demand : SHIB, PEPE & DOGE See Green as Investors Shift to Utility Tokens

July 2, 2024
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2 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

Everyone’s favorite meme coins are back in demand, with the crypto market trading in green. Currently, PEPE price is leading the memecoin pack, with Shiba Inu (SHIB) and Dogecoin (DOGE) lagging behind and showing weak price action.

Most inventors are invested in  Shiba Inu (SHIB), Pepe(PEPE), and Dogecoin (DOGE) because of the hype move in them. Still, investors are shifting to better utility tokens like DTX Exchange, which is expected to be the next blue chip crypto.

PEPE Price Trading at Important Support

PEPE is the newest memecoin launched in February this year and shows good strength compared to other memecoins. PEPE price is taking support at its previous resistance level of $.000011. PEPE price has shown good demand at the level and bounced from the same level thrice.

Despite its playful origins, the PEPE price has seen significant growth, attracting a dedicated following and fostering a vibrant ecosystem. As the meme culture continues to influence the crypto space, Pepe stands out as a symbol of this trend, blending entertainment with financial innovation.

Dogecoin (DOGE) Founder Comments On the Future Of Ai

Billy Markus, founder of Dogecoin (DOGE), known as Shibetoshi Nakamoto on social media, has recently raised serious questions about the future of artificial general intelligence (AGI). The founder of Dogecoin (DOGE) has been vocal about his views on artificial intelligence (AI) lately.

This time, he focused on AGI, a branch of AI that relies heavily on theoretical research. The goal of AGI is to create self-learning tools that can exhibit human-like intelligence. These tools are designed to perform tasks they weren't specifically created for.

READ MORE   Plus Wallet Leads with Swap to Earn While BNB Chain Enhances Stablecoin Speed and Solana Eyes Ethereum’s Throne

900M Shiba Inu (SHIB) Burned, Will It Affect the Price of the Coin?

Shiba Inu is making waves again with a massive increase in its burn rate. The tracker Shibburn reported that more than 900 million Shiba (SHIB) tokens were burned in June. According to Shibburn, the burn mechanism destroyed 918.07 million Shiba Inu (SHIB) through 237 transactions last month. Despite the significant burn, the Shiba Inu (SHIB) price has been in a continuous downtrend, and the near outlook for the coin is still bearish.

DTX Presale Crosses Past $800k Sees Massive Demand

The market is green, but the reaction in PEPE price and other memecoins like Shiba Inu (SHIB) and Dogecoin (DOGE) is still dull, and investors are now shifting to DTX Exchange which has raised more than $800k in a month, indicating massive demand.

DTX Exchange is perfect for beginners looking to enter the cryptocurrency world, with its innovative approach ready to transform the trading scene. DTX Exchange (DTX) stands out from the competition by offering an incredible 1000X leverage option and bypassing strict KYC requirements.

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Currently priced at just $0.04 per token, DTX is expected to rise to $0.12 at the time of launch. Investors are also drawn to the reduced trading fees, active governance participation, and the chance for future airdrops, making DTX attractive to individual and institutional investors.

Learn more:

Visit DTX Presale

Read Whitepaper

Join The DTX Community

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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