1000% surges, equivalent to an 11x ROI, are the staples of crypto legends. The good news is they are not all that rare! Many say the XRP price will be able to do a 1,000% surge, but a sober look at Ripple Labs and their flagship product shows it may be a bridge too far. But that does not mean other tokens aren’t available that can do 10x or 20x. Right now, DTX Exchange is a prime candidate to escalate 1000% – and then some! Let’s take a closer look.
DTX Exchange: A new exchange to upset the status quo
The image of the Wall Street stockbroker is iconic, but it’s no longer relevant as the scope moves beyond stocks and bonds. Investing in the 21st century involves ETFs, Forex, Stocks, and crypto has become one of the most traded asset classes on the planet. And it’s all done from your phone. Wall Street is obsolete. And the leader in this new market is DTX Exchange. A one-stop trading stop that allows over 100,000 different financial instruments, offering multi-asset trading at its finest!
DTX Exchange is like Binance, given a PhD and a jet engine attached. It has all the tools professional traders need, including a non-custodial wallet, the Phoenix Wallet, and it even runs its own blockchain, the Layer1 testnet named VulcanX. DTX Exchange means business and is an existential threat to Wall Street traders and legacy crypto exchanges.
There is almost nothing DTX Exchange can’t do. They will even roll out RealWorld Asset trading soon. And now’s the chance to get in on DTX Exchange during their presale. Priced at only $0.18, it is reminiscent of when Binance was available at presale at only $0.50. DTX Exchange can easily produce a 1000% yield. And that’s in the short term. In the long term, it could go even higher!
XRP price unmoved on SEC dismissal action
On Friday, the SEC dismissed its case against Coinbase. This is huge. The obvious winner here should have been the XRP price, as the SEC’s case against Ripple Labs has kept the XRP price artificially low. Now that Coinbase is clear, it is only a matter of time before Ripple is given a similar release.
Traders have expected the XRP price to soar, but it remains stubbornly in a narrow band. But it’s not all bad news for Ripple and the XRP price. The XRP price has increased from $0.52 the day before the US elections to its current price of $2.60 – a 5x improvement.
Source: Coinmarketcap
Can XRP deliver a 10x to go to $2.60? Sadly, the maths do not work out. As XRP is a capped token, a 10x price increase would lead to a 10x correlation in market cap. That would equate to a $1.5 trillion market cap. Never say never, but it is doubtful Ripple Labs and the XRP price would get that lucky. Still, another 5x is not impossible, especially since the XRP price will benefit from the incoming ISO20022 regulations next month.
Conclusion
A 1000% increase in crypto is common, but it may be a bridge too far for Ripple to repeat. The XRP price can return 5x, but for a 1000% return, investors can look at DTX Exchange. It is the token to beat!
To learn more about the DTX Exchange ecosystem, check out:
