Investors are constantly searching for catalysts or narratives to latch onto, especially in the current choppy market. One such is Shibarium’s new Shiba Inu (SHIB) burn update. The Layer-2 scaling solution introduced an automatic SHIB burning mechanism: a deflationary approach designed to reduce total SHIB supply and potentially increase price over time.
On the market side, Kaspa (KAS) maintains bullish momentum and eyes key price level. Concurrently, DTX Exchange (DTX), a novel hybrid protocol at the intersection of CEX and DEX, has been hailed as the next big thing. Its impending adoption and significant growth prospects make it a new DeFi project to bet on this quarter.
DTX Exchange (DTX): The Best Investment in Quarter 3?
DTX Exchange (DTX), a novel hybrid protocol, is one of the biggest names on the investment block. It takes a different approach by combining the best elements of centralized and decentralized exchanges, building a hybrid platform in the process.
Given the above, it has been hailed as a strong contender in the $10 billion global trading market—an industry it aims to revolutionize. Users will not be financially excluded, nor will they have to compromise on their security and privacy. Its one-stop platform will enable the trading of diverse asset classes, spanning TradFi and DeFi.
The presale is in the second round and has been hailed as the best investment this quarter. Mere participation in the ICO will yield over 200% in gains, with a token currently priced at $0.04. Meanwhile, analysts project a substantial 65x rally after listing on Tier-1 exchanges, positioning it among the list of best coins to invest in.
Shiba Inu (SHIB): Shibarium New Update to Burn 70% of Transaction Fees
Shiba Inu (SHIB), a dog-themed cryptocurrency, is more than just a meme; it is also utility-backed. The ecosystem is among the most vibrant in the crypto space, featuring ShibaSwap, a top DEX and Shibarium, a Layer-2 scaling solution.
In the latest Shiba Inu news, Shibarium introduced an automatic burning mechanism. This announcement made its first appearance on X (formerly Twitter), posted by a member of the team. As expected, it stirred up quite a buzz, coinciding with a jump in Shiba Inu price.
According to the new burn update, the Shibarium network will convert 70% of transaction fees to SHIB and permanently remove them from circulation via burning. The remaining 30% will be allocated to platform maintenance, development and ecosystem growth initiatives, per the announcement. This update marks a significant step toward achieving more deflationary tokenomics, set to contribute further to its ascent.
Kaspa (KAS): Swings Toward $0.5
Kaspa (KAS), one of the most promising altcoins this year, continues its upward charge. The overall market bounce can be linked to its upswing, as is rising adoption. Riding a huge bullish wave, it registered an all-time high of $0.2 on August 1.
According to recent news posted via X, adoption and network security are on the rise. On the monthly timeframe, Kaspa’s mining hash rate hit 809.11 PH/s, suggesting mass adoption. This also hints at an impending jump in value, placing Kaspa coin on the list of altcoins to watch for substantial gains.
Besides, at the current Kaspa price, it is a good crypto to buy. Analysts predict more price discoveries before the curtain closes on the year, making it one of the most compelling ways to position for huge returns this year. Given current market conditions, a rally past $0.5 is on the cards this quarter.
Conclusion
The new Shibarium burn update is aimed at enhancing the sustainability and long-term value of SHIB and the community. Meanwhile, Kaspa approaches $0.5, while DTX Exchange has been hailed as this quarter’s best investment. Its imminent adoption in the trading market paints a bullish picture and we suggest checking out the presale.
Visit the official DTX Exchange (DTX) website for the latest updates and information.
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