The Ripple (XRP) price crossed $1 with a bullish market sentiment after Gary Gensler’s resignation announcement, scheduled for January. However, the rising bears, due to dropping BTC prices and high selling pressures, have halted the XRP price momentum below the $1.5 resistance level, making traders lose trust in short-term gains.
This has led to massive capital outflows from Ripple into Fantom (FTM) and DTX Exchange (DTX) after their new platform updates. As the XRP price moves in a sideways trend, Fantom (FTM) and DTX Exchange are emerging as the most bullish cryptos for Decembers to invest early before they explode.
After a bullish price rally this November, XRP price faces high selling pressures at upper levels. Despite the new Ripple ETF application and the launch of the first tokenized money market fund, the XRP price has failed to clear the $1.45 resistance level to continue the bullish trajectory toward the predicted $2 this December.
This short-term volatility for XRP price pushes Ripple traders to cash out, evidenced by an 18% drop in the transactional volume in the last 24 hours. While the future of the XRP price stays promising, the immediate response of the Ripple holders to market bears and dropping BTC price might make it difficult for Ripple to sustain an upside trend this week.
Fantom (FTM) drives massive capital investments with its Sonic Upgrade in the pipeline for this year. This rebranding focuses on announcing the launch of Sonic Labs and Sonic Foundation, which will be responsible for DApps in the ecosystem. Furthermore, the development of the EVM platform and the Sonic Chain with more than 10,000 TPS boasts community hopes for a better future for Fantom (FTM).
In a bullish market sentiment for Fantom (FTM), traders see huge profits incoming after the token crossed $1. Fantom (FTM) has surged more than 55% in the last 7 days and traders are actively adding it to their portfolios for an extended bull run after the most-awaited Sonic Upgrade this 2024.
DTX Exchange (DTX) Remains the top pick for investors this bullish season as the viral project steals the spotlight with its ground-breaking trading features and innovative technology. With an easy-to-use trading platform backed by the Vulcan X chain and a 1000x leverage feature, traders can make millions in highly volatile markets with lower risks.
DTX Exchange’s hybrid trading model led it to surpass established cryptos in growth this month after raising a record-breaking $8.7 million in batch 5 of the public presale. Over 150,000 traders have added DTX to their portfolios to participate in the platform’s growth and enjoy massive returns after its most-awaited Q4 listing.
DTX Exchange makes life easy for traders with end-to-end solutions, merging of stocks and crypto pairs, real-time analytics, advanced automation, and quant and algo trading. Traders can buy DTX tokens from their website at only $0.10 and enjoy a 10,000% rally once the project launches on the Mainnet this year.
DTX Exchange is gearing up to launch tokenized ETF trading, offering global users an innovative way to invest in ETFs directly on its platform. This groundbreaking feature opens new opportunities for investors outside the US, eliminating geographical restrictions and simplifying access to high-demand ETF products.
This feature sets DTX apart from competitors like Ripple (XRP) and Fantom (FTM) by combining versatility with unmatched accessibility. This feature makes DTX the go-to platform for every trader whether trading in stocks, cryptos, forex, ETFs, commodities, or CFDs.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.