Shiba Inu Predicted to Surge 200% as UAE Partnership Boosts Crypto Adoption

Analysts at Jane Street have predicted a significant price increase for Shiba Inu (SHIB), with potential gains of up to 200% in the coming weeks. The prediction comes as SHIB's price has been fluctuating, with a recent decline of 1.04% to $0.000015. However, experts believe that if SHIB can break through certain resistance levels, it could surge to $0.000088.

To achieve this upward movement, Shiba Inu must clear some price resistance levels. Analyst data shows that investors have bought about 757 trillion SHIB tokens above $0.000016, and 84% of 637 trillion SHIB tokens between $0.000016 and $0.000024. This means that Shiba Inu investors are currently "Out of Money," and a break through the $0.00018 to $0.000022 mark would result in significant profits.

The Shiba Inu network has recently partnered with the government of the United Arab Emirates, which could lead to nationwide blockchain adoption and a more favorable approach to Web3 technologies by the government.

Meanwhile, a new ERC-20 altcoin, DTX Exchange, is set to revolutionize global trading systems in the crypto space. The platform combines traditional and decentralized finance features to provide a seamless trading experience. DTX offers distributed liquidity pools, an on-chain order book, and over 120,000 asset trading possibilities. The DTX token can be used to trade tokenized ETFs, increasing its exposure to the crypto market.

DTX Exchange has launched several products, including Phoenix Wallet and VulcanX Testnet, and is already listed on CoinMarketCap. Jane Street analysts predict a historical listing for the platform soon. DTX Exchange is currently in its presale bonus stage, with tokens available at $0.18 each.