Donald Trump is helping create a favorable legal framework for cryptocurrencies, reducing restrictions and promoting the growth and use of blockchain technology. This will reduce regulatory pressures on Ripple, and experts suggest this could help the XRP price recover.
Meanwhile, DTX Exchange has taken the spotlight, raising over $14.6 million in record time, making it the fastest-selling token of the year. Experts believe DTX could outshine Ripple and provide better returns this year, predicting a 10x rally after its launch.
Let’s explore the emerging project and understand how it shows the potential to outperform the XRP price in this early stage.
Ripple Retraces After Correction: Will The XRP Price Surge Again?
After its recent 400% rally, Ripple created a pennant pattern, reaching last month’s peak at $3.4. However, as demand faded, the XRP price entered a triangular consolidation for two weeks. Due to increased bearish pressure, Ripple plunged to the $2.26 support.
The XRP price consolidated above this support and has recovered over the past week. Ripple now trades at $2.68 after a 3.2% intraday plunge, with a 15% increase in trading volume from yesterday. Despite the correction, the XRP price trades above its 50-day and 100-day SMAs but faces significant resistance at $2.83.
Source: CoinMarketCap
The RSI is 51, which means Ripple is in the neutral price zone. The MACD oscillator indicates increasing bullish pressure, so if demand returns, the XRP price can break out and continue its previous rally.
DTX Exchange: Next Leader In The Exchange Space
DTX Exchange is a hybrid platform created by merging CEX and DEX features. The platform offers multi-asset trading, allowing users to trade stocks, bonds, crypto, forex, and other conventional assets under one roof. This helps improve investment efficiency as users can manage over 120,000 assets and modify their entire portfolio in one place.
DTX offers unmatched liquidity by using distributed liquidity pools. It accumulates funds from liquidity providers and external exchanges. Thus, users can take up to 1000x leverage on trades and transfer significant funds at consistent prices without worrying about slippage.
Moreover, DTX helps users earn passive income through various schemes. Its VIP rebate model offers exclusive members up to 3% of the platform’s daily profits through trading fees. Users can join this scheme by staking their DTX tokens, which helps promote the network’s stability.
Token holders also receive additional benefits in the DTX ecosystem, such as loyalty rewards for continued engagement with the platform features and exciting rewards for making referrals to bring new users. Users can also receive special discounts on trading fees by making payments using DTX tokens.
Big Opportunity With the DTX Presale
The native token, DTX, is currently priced at $0.18 in the bonus round, launched due to enormous demand from interested investors who missed out on the token in the early presale stages. Those who invested in the first stage of the presale at the price of $0.02 per DTX are already at an 800% profit, but new investors can also make significant returns when the token launches at $0.20 after the bonus round.
Final Thoughts
DTX Exchange is revolutionizing online trading through its hybrid platform, providing a comprehensive trading hub for users to participate in the global financial markets. With this, it is positioned to capture a significant portion of the $92 trillion trading industry.
Experts are predicting DTX will reach a multi-billion dollar valuation after its launch. Since the token supply is capped at 475,000,000, DTX will rise to over $2 when it hits a $1 billion market cap, suggesting over 10x profits for investors who acquire the token at the current stage.
Find out more information about DTX Exchange (DTX) by visiting the links below:
