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One of the US President-elect’s key campaign points was to create a friendlier regulatory environment for the crypto market. Just last week, current SEC chair Gary Gensler announced that he will be resigning from his position in January 2025, when Donald Trump will be sworn in as president.
The perception in the crypto-verse is that Trump will appoint a more crypto-friendly figure to head the SEC, marking the end of the commission’s onslaught on crypto projects.
The news has affected projects like Ripple and even the new DTX Exchange project. Here's how!
The XRP token has gotten some respite from the tension of its ongoing lawsuit against the US SEC. The token price has been stuck in a loop for nearly three years, trading between $0.4 and $0.6 for much of that period without any sustainable development.
The SEC filed a suit against Ripple Labs for the sale of unregistered securities in 2020 in keeping with its definition of crypto tokens, except Bitcoin and Ethereum, as securities. The lawsuit has prevented any serious investment wave on Ripple, and even the holders are getting frustrated with how the legal battle has dragged on.
SEC chair Gary Gensler was at the head of most lawsuits that have been served to crypto coins in the past two years, making him a hated figure among crypto projects. Now that he is resigning and crypto regulations are about to go down a notch, dawn might be awakening for XRP and cryptocurrencies generally.
With less restrictive regulations on the crypto-verse, tokens like Ripple’s XRP will already be all out in the green. Users can expect a resolution to the SEC lawsuit in a short while, and it's better days ahead for Ripple.
Traders and analysts are already banking on a surge to $5, as the XRP token surged past its $1 resistance rather easily two weeks ago. The best part is they are not all too far from a realistic surge.
It might take a while to get to the $5 mark, but Ripple is definitely on the way. Short-term traders will eagerly wait for the XRP price to cross $1.96, another key resistance, before surging back up. For now, the token is in correction from its latest spike, trading at $1.35.
The trading program on DTX Exchange is one that every crypto user should be a part of. There's pretty much everything you need to learn to become an adequate trader from a complete newbie on the DTX platform, including aids to becoming a better trader.
Users who are new to trading can use the social and copy trading features on DTX to shadow successful traders and mirror their successes. There are analytical tools like charts to guide their trading decisions, but copy trading allows beginners to quickly master the market's nuances.
For the pros, there's a horde of trading instruments to choose from. There are thousands of assets from stock, Forex, and crypto markets, all giving users a chance to maximize their trading experience. It's a known fact that the more diverse a portfolio is, the more likely it is to generate profits. If diverse was a platform, that would be DTX Exchange.
Some of the trading assets also come with 1000x leverage options. The massive leverage allows traders who select such products to control higher market positions even with little capital.
DTX Exchange is a wake-up call to more profits from the DeFi sector; the presale is where users are getting their DTX coins.
That's the big question among everyone who plans to get some DTX tokens. No one knows anything for certain, but the launch price on DTX Exchange is expected to be about $0.20. And with the expected surge that will follow a major listing, experts are predicting $2 as the target for the DTX token.
However, what is more certain is the 100% presale ROI that investors stand to gain when the DTX’s price moves up from its current Stage 5 price of $0.10 to $0.20 at launch.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. 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. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
